Business Plans

Plant: Lenten Rose

Term: Business Plan

Lenten RoseHelleborus orientalis

• Plant type: Perennial • USDA Hardiness Zones: 4a to 9a • Height: 12" to 18" ,Spread: 18" to 24" • Exposure: shade to partial sun • Bloom Color: Pink, White • Bloom Time: Later Winter - Early spring, • Leaf Color: Green • Growth Rate: average • Landscape Uses: Border, Container, Foundation,

Ground cover, Specimen, Woodland garden

Business Management

• Business Plan: – A formal statement of a set of business goals– the reasons why they are believed attainable– the plan for reaching those goals. – Background information about the organization

• Retail – Selling flowers or plants to consumers• Service Company – Lawn or Landscape• Grower/Producer – Sell wholesale

Business Plans

• Write a business plan before you start any business.

• “Failing to plan is planning to Fail”

• 1/3 of all new businesses fail the 1st year

• Helps you to thoroughly consider details of a business before you start

• Necessary for applying for credit

Parts of a business plan

1. Executive Summary – put the basic idea upfront to capture the attention of the reader – it needs to be interesting and positive

2. Mission and objective – Explain your business and what you hope it will do for you.

3. Company & Industry – How did you think up your business idea? What are other companies doing?

4. Products & Services – What will you do or sell? Why will your business standout?

5. Market & Competition – List all other similar businesses in your area. How will you compete?

6. Management – Describe the background and qualifications of the key members of your team

7. Marketing Strategy – Estimate your sales. How much of the market will you control?

8. Operations plan – Describe your shop, its size, and the equipment you will need. How much will it cost? Who will you need to hire and why?

9. Overall Schedule – Make a plan to build, buy, or rent your shop and staff your business. Identify the stages for completion.

10.Critical risks and problems – What worries you about your plan? What could go wrong?

11.Financial projections – Make a budget that explains how much you will need to start your business and how much you need to stay in business. How much money will come in and go out every day, week, month?

12.Exit strategy – Explain how investors will be paid back

Think of any Business

• Write in your notebook:– Mission & Objective:– What are similar businesses doing?– How could you standout?– How could you prepare for this business?– What would a typical start-up schedule be?– What could go wrong?– How much money do you think you need to

start-up?

Due Dates

• Job Application forms – due today– Tomorrow 10% off– Thursday 20% off– Friday 30% off– If I don’t have it by Friday – 0

• Resume – due tomorrow– Thursday 10% off– Friday 20% off– Monday 30% off– If I don’t have it by Tuesday – 0

• You will NOT pass this term without turning these in

Resume

• You should have a resume before you finish high school

• Go to fhshort web site• Look on the Horticulture Page• Download the resume blank• Fill it out• Save it to the computer you are working on • Upload it to your folder