Title: BUSINESS PLANNING
Course: INTRODUCTION TO ENTREPRENEURSHIP

10.1 Introduction

We are in our final lesson of Introduction to entrepreneurship. In this lesson, we will learn about a business plan. So far, we have developed several types of plans and models such as business canvas model, we have understood how to use a value proposition model, you have hopefully developed your first product prototype, established ways of protecting your business idea and even gone ahead to provide the structure of your business by establishing at least one legal form of business that you will use to organize your business operations. In this lesson, you will learn how to put all what you have learnt in one neat document that you can present to different stakeholders such as investors that are likely to invest in your business, the bank so that they use it to service your business a loan or even use it for yourself to be able to keep track of the plans you have about your business and the action points that you are to take to ensure you run a successful enterprise. So let us delve deeper to understand what this lesson is all about.

 10.2         Learning Outcomes

By the end of the lesson, you will be able to;

10.2.1        Explain the concept of business planning

10.2.2        Outline the key elements involved in a business plan

10.2.3        Prepare a sample business plan for your business idea