Note 3 for E-Commerce
Goals:
Know the basics of a Business Plan.
Develop a Business Plan
NPR article: Who Pays for Online Business?
Watch & Read:
Elements of Business Plan
Executive Summary
Marketplace conditions
Competitive environment
Product
Market Placement of Product
Management Team (responsibilities outlined)
Financial Assumptions
Cash Flow (for 2 years on a monthly basis)Business Week Top 50 (notice how many are e-commerce or supply e-commerce)
Business Plan Pro is available at PVCC's Computer Commons. This program walks you through the questions you need to ask yourself before starting a business.
Review the following Business Plan Websites
Bplan Software and basic info on plans
Small Business Administration helps with Business Plans
Business Plan Archive
American Express can help with Business Plans
Virtual Business Plans by BizPlanIt
Homework:
You should Read Chapters 3 in the Everything Book.
Get an account at Mal's Ecommerce
For next class, go to Phoenix Magnetics and Study Log. Make notes about what you liked about the site and what you didn't.
Final Step:
Review in your mind everything we covered in class and remember to cover it again before you go to bed so your mind to process this information while you sleep.