Competency

Synthesize the different components of the business plan.

Student Success Criteria

View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.

Scenario

You have been asked by your instructor to write a memo to them about how you plan to use a business plan for your business. The intent of the memo is to show your understanding of the importance of creating a business plan before starting a business. 

Instructions

Create a memo outlining why a business plan is important and how you plan to use a business plan for your ice cream shop business. Conduct research on business plans and include the following in the memo:

• Determine and describe what aspects of the business plan are important.
• Outline how you would use the aspects described in your ice cream shop business.
• Provide your recommendation from your research on how a business plan can be beneficial to your ice cream shop business.
• Provide attribution for credible sources.

A – 4 – Mastery

Comprehensive description of what aspects of the business plan are important.

A – 4 – Mastery

Comprehensive outline of how you would use these aspects in the ice cream shop business.

A – 4 – Mastery

Comprehensive recommendation based on research on how a business plan can be beneficial to your ice cream shop business.

A – 4 – Mastery

Comprehensive attribution for credible sources.