Assignment 2 - The Early Business Plan
January 23rd, 2008Due Tuesday Feb 5 at class
Worth 40% more than the standard assignment
The Business Plan
You will create three clean copies of your business plan. You should not use any binding that makes it difficult to write onto your manuscript. Coil or comb binding is acceptable as well as stapling (don’t staple your final plan).
You will give two copies to the instructors and one copy to another project team. You should also grab one business plan from another project team. Teams of one or two persons may wish to exchange plans with other teams of like size, but this is not a requirement.
What do we want in a business plan? You may wish to view a sample business plan and also to read through draft booklet given to you on the first day of class.
What Will Happen?
Each business plan will be reviewed by at least two instructors or advisers. We will use a different pen color to identify each reviewer’s comments. Don’t be surprised if the plan is literally painted with pages of reviewer comments.
Your plan will also be reviewed by another project team, but that critique will first be submitted to the instructors (see assignment 2).
Why an Early Business Plan?
It’s simply the most effective way to get you running. We know it won’t be perfect. This exercise will clarify what you must accomplish. It might also force you to abandon your original idea and totally morph. Don’t be afraid. I award style points for total morphs. Consult your instructor(s).
We also remove the mystery about how we approach the business plans. It also gives us a jump on how to best advise the teams.
Yes, this is painful. You’re in a mad rush. Almost everyone who went before you maintains this is a mandatory step. You’ll learn a lot of things about your teammates and what additional talent you may need to acquire.
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