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.

Activities

Splitting up the group
Duration 
Allow 20 minutes
Executing the tasks
Duration 
Allow 30 minutes
Reasons why planning is important
Duration 
Allow 20 minutes

3 activities
70 minutes

Module 
Delivery 
Online
Offline
Employability Skills Gained 
Commercial awareness
Critical thinking