Wednesday, December 10, 2014

4IW - Homework for Wednesday, January 7, 2015

Setting up a business and drawing up a business plan

THE SET UP:  You and your partner want to set up a little business in high end home fragrances.  Your products are fragrance candles and fragrance dispensers, etc.

THE TASK:  Draw up a business plan for your home fragrance idea.


If you have your own convincing business idea for which you would like to draw up a business plan, feel free to do so instead of using the business idea "Home Fragrances" (do a product, NOT a full business).

For defining the structure of your business plan you might find the file “MULÖbusinessplan” at L:/Fuchs/the apprentice helpful. Furthermore you can access the file “MuULÖbusinessplan” via the blog of Prof. Sandrock.

Work out a business plan in pairs and submit it by January 7, 2015.

Be aware that the business plan will be graded.  Copying from classmates does not pay!  Submit your own individual business idea!

For inspiration, watch Episode 3 of "The Apprentice" UK 2014, Series 10

Good Luck!  

Prof. Fuchs and Prof. Sandrock

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