Youth Business Plan Guide

My Vision

• Explain how you picture your business starting out, and how you hope it grows in the future. How many customers do you aim to serve?

My Mission Statement

• A mission statement is where you explain the service you provide or the problem your product solves. Is your goal to make a lot of money? Is your goal helping people? Is it both?

My Timeline

• When will you launch your business? What supplies and materials must you purchase, and where will you get the money? When will you begin to market (promote) your business? If you have a product, how will you get it to your customers? Are there any licenses or permits required? How much time do you expect to spend on your business? Will you need to get help from others?

My Strategies

• Think about marketing—spreading the word about what you sell or the service you provide. Will you promote your business on social media? Ask your friends to share the news? Buy advertising space? Approach news reporters to ask for coverage? Once your business is launched, what will you need to do to keep it running?

My Funding

• Figure out how much money you will need to get your business running and to keep it going. Do you have savings to invest? Will a family member or someone else lend you funds, and if so how and when will you pay it back, at what interest rate? As you plan, try to include at least a basic one-year projection of costs and profits.