It's a Quick-Win!

In class today, we went over some topics to consider for your business plan!! Here is a list of some of these topics.

Know your numbers!

• Price - Expenses = Profit
• We are not only thinking about the money we are making per unit, but we are also thinking about the money we are losing.
• COGS

How Big is Your Market? Some things to think about.

• Who are the people that want what you are selling?
• When do they want what you are selling?
• Why would your customers want what you are selling?
• How much of it do they want to buy?
• What is the potential of what you are selling?

Googling is a SKILL! A few ways to make Google find the information YOU NEED.

• "(your interest)" market trends
• "(your interest)" market size
• "(your interest)" industry size
• "(your interest)" industry revenue
• Add "pdf" at the end of any search, or you can try ".doc"
• If you're searching for a PowerPoint presentation, put "ppt" at the end
• An example would be:

Buzz Words!!

• Words that are used to make it sound like you know what you're talking about.
• Sound like an authority.
• Here's the list you used in class. (From Wikipedia)
• Have more Buzz Words that aren't on the list? Put them here!!
• Make sure that when you are using buzz words, you are putting them in proper context!

30-Second Pitches. How to make that 30 seconds count!

• Make your company name easy to say/pronounce.
• Think about and/or try to find out the common needs of your customers.
• Ex. Picking out a greeting card
• Ex. Cotton candy! Mention sugar-free, but possibly don't remind customers of the products that aren't sugar free.
• Try starting your pitch with a catchy phrase that will reel people into what you are selling.
• Have all of the points that you are making connect to each other.
• Reword what you were trying to say when getting feedback on your pitches.
• Word your pitches so that what you are saying in your pitch is understood the first time.
• What's the product? Let's see it!! 
• Fluctuate your voice!! Make your pitch sound better just by the way you speak.
• Sound happy. Look happy. BE HAPPY ABOUT WHAT YOU ARE SELLING. Be confident!
• Always stand up when you are presenting! Command the floor.
• Introduce yourself. Who are you?!! Make yourself stand out! (First and Last Name)
• Be careful to not repeat yourself too much.

**If there is anything that you would like to add that isn't in this post, please comment below! Thank you!