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There are a few elements to this task including-

The business plan

Business proposal

The item created (what you are selling)

Reflective Blog- Steph is going over the reflection. please check with her if this is to be in the portfolio or separate

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Business plans and templates | Enterprise | How we can help

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Ready to craft a winning business plan? Our expert guidance covers market research, strategy, start-up funding, competitor analysis, financial forecasts and more.

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You must complete all sections

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It is not the same as a business plan, it it an over view what what you are doing and why.

Think of it as a way to incise investors into your business.

It should reflect the business and clearly state what is on offer.

I would create this on Canva, there are templates on there available.

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Personal information removed

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You will need to physically create the product on offer.

If this is a workshop or resource you should create planning

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You should include as many photos and videos as possible of the finished item.

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The reflect blog should be accoupling journal to go along with your product, reflecting on the overall process undertaken

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Discuss initial ideas

mind maps

Discussion of reasons

From initial idea, research into practitioners or theories within this area.

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You should include a SWOT analysist of the Business idea as a whole

Strengths- What is the strength of the business (this could be your individual strengths)

Weakness- what is the weakness of the business, this could be your skills and knowledge, the idea, the product etc.

Opportunities-What are your goals?

Are demands shifting?

How can it be improved?

Threats- What are the blockers you're

facing? What are factors

outside of your control?

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Who are your local competitors?

Why are they your competitors?

What is the edge you have over them?

How could you stand out?

How do you know they are successful?

How do they advertise?

You could SWOT Analyse the competitors business

Higher level reflection- What are the points you can take from your research and implement to ensure your business is successful and what are the pitfalls they demonstrate?

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Areas, locations or companies you could sell your product.

You should discuss pro and cons and any fees associated with this.

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You should research which social media platform you could use to help advertise. You should discuss areas such as,

Demographic who use this social media and link to target audience

Fees and time cost associated

The impact it could have on your business

The audience reach from using this platform

You will need to create social media accounts for your business

You need to run this social media account to a professional standard

You should analyse the research of your posts and how well the customer has interacted.

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You should accurately work out the following information

Monthly expenses

Fixed offer head: These are things such as subscriptions and insurance related to the business

Variable costs

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This should be pictures and the development of the products.

Business name

Logo

Such as designs

posters

social media posts

drafts of the product

Testing the product.

Creating a schedule/ time line

Reflect om what worked well and what needs more development.

Higher level reflection-

Discussing colours

designs

varying offers of product

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How much did you sell?

Where did you sell?

How was the engagement?

Was it affective selling?

Did you make a profit?