Importance of a business plan

This session helps to introduce the relevance of the business plan.

Aim of Session

The goal here is to make clear the relevance of a business plan. Furthermore, and as a consequence of the previous, it is aimed to motivate students to write out a business model for their business idea.

Learning Outcomes

Young people will understand that planning is key in order to succeed (i.e., they understand that if one fails to plan, he/she plans to fail). Moreover, youngsters will be motivated to fill out their own business model.

Evaluation Activities

At the end of the session, ask the learners whether, and if so why, they believe planning is important in order to succeed.

Activity
  • Splitting up the group
    Duration 
    Allow 20 minutes
  • Executing the tasks
    Duration 
    Allow 30 minutes
  • Reasons why planning is important
    Duration 
    Allow 20 minutes
    Why is a Business Plan Important?
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Number of activities
3
Length of Session
70 minutes
Module
Audience
Learners
Organisations
Teachers
Organisation
Employability Skills Gained
Commercial awareness
Critical thinking
Tools