{"id":474,"date":"2014-04-06T21:59:20","date_gmt":"2014-04-06T21:59:20","guid":{"rendered":"https:\/\/www.friendsofbest.org\/?p=2962"},"modified":"2023-02-01T08:01:17","modified_gmt":"2023-02-01T08:01:17","slug":"best-business-101-2-bestology-week-10","status":"publish","type":"post","link":"https:\/\/bestology.bestrobotics.org\/index.php\/2014\/04\/06\/best-business-101-2-bestology-week-10\/","title":{"rendered":"BEST Business 101.2 \u2013 bESTology Week 10"},"content":{"rendered":"<div id=\"attachment_2965\" style=\"width: 160px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.friendsofbest.org\/wp-content\/uploads\/2014\/04\/Business-Plan.jpg\"><img decoding=\"async\" class=\"size-thumbnail wp-image-2965 \" alt=\"Image: illuminationconsulting.com\" src=\"https:\/\/www.friendsofbest.org\/wp-content\/uploads\/2014\/04\/Business-Plan-150x150.jpg\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.friendsofbest.org\/wp-content\/uploads\/2014\/04\/Business-Plan-150x150.jpg 150w, https:\/\/www.friendsofbest.org\/wp-content\/uploads\/2014\/04\/Business-Plan-50x50.jpg 50w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Image: illuminationconsulting.com<\/p>\n<\/div>\n<h3><span style=\"color: #94046c;\"><b>BEST Business 101.2<\/b><\/span><\/h3>\n<p><span style=\"color: #000000;\">In just a few months, it will be time to get down to Bladerunner business.\u00a0 With a mission, vision and business plan, your winning team will be on the road to success.<\/span><\/p>\n<p><span style=\"color: #000000;\">In today\u2019s business world, entrepreneurs begin with an idea that grows into a product.\u00a0 The product is then marketed to a potential buyer.\u00a0 Along this entrepreneur highway, there are stops, speed bumps and intersections.\u00a0 Having a map or a business plan makes the journey smoother.<\/span><\/p>\n<p><span style=\"color: #000000;\">Last year, bESTology Week 16 &#8211; Business 101, job descriptions for team members had to be refined in order to \u201chire\u201d the BEST.\u00a0 This year, focus on how to get your idea to a potential buyer and how to develop your team\u2019s business plan.<\/span><\/p>\n<p><span style=\"color: #94046c;\"><b>Resources:<\/b><\/span><\/p>\n<ul>\n<li><a href=\"http:\/\/www.sba.gov\/content\/executive-summary\">Executive Summary<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/company-description\">Company Description<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/market-analysis\">Market Analysis<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/organization-management\">Organization and Management<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/service-or-product-line\">Service or Product Line<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/marketing-sales-management\">Marketing and Sales<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/funding-request\">Funding Request<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/financials\">Financial Projections<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/appendix\">Appendix<\/a><\/li>\n<li><a href=\"http:\/\/www.sba.gov\/content\/how-make-your-business-plan-stand-out\">How to make your Business Plan stand out<\/a><\/li>\n<li><a href=\"https:\/\/www.friendsofbest.org\/2014\/04\/06\/creating-your-best-mission-statement\/\">Writing your Mission Statement (video)<\/a><\/li>\n<\/ul>\n<p><span style=\"color: #94046c;\"><b>Brainstorming:<\/b>\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Let\u2019s jumpstart your Bladerunner team by formulating a mission statement for 2014!\u00a0 Begin by viewing the above resource (Writing your Mission Statement), follow the recommended steps and brainstorm. Once the mission statement is complete, plan ways your team can share this message within your community, e.g. t-shirts, business cards, exhibit booth, etc.<\/span><\/p>\n<p><span style=\"color: #94046c;\"><b>Writing:<\/b>\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">For returning teams, determine if your team has written a business plan in the past.\u00a0 If so, consider tweaking, modifying or adjusting the plan to reflect the current reality of your team.\u00a0 No business plan? \u00a0No problem, let\u2019s get started!\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">The <span style=\"color: #0000ff;\"><a href=\"http:\/\/www.sba.gov\/category\/navigation-structure\/starting-managing-business\/starting-business\/writing-business-plan\"><span style=\"color: #0000ff;\">U.S. Small Business Administration<\/span><\/a><\/span> has a unique online step-by-step resource tool to help write a business plan. Use this online tool to support your mission statement, share your company\u2019s (team) information, predict growth, describe products\/services, calculate financial information and summarize future plans.\u00a0 Once complete, post this document on your team\u2019s website and share with potential sponsors!<\/span><\/p>\n<p><span style=\"color: #94046c;\"><b>BEST Robot:<\/b><\/span><\/p>\n<p><span style=\"color: #000000;\">Your team\u2019s robot = Your company\u2019s \u201cproduct\u201d.\u00a0 Outline basic information about your product (the robot) and prepare to refine once Bladerunner details are provided at Kick-Off Day.\u00a0 Items to consider about your product:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">commercial application of various robot (machine) components<\/span><\/li>\n<li><span style=\"color: #000000;\">copyright or patent filings<\/span><\/li>\n<li><span style=\"color: #000000;\">ability to meet consumer needs<\/span><\/li>\n<li><span style=\"color: #000000;\">advantages your product has over that of the competition<\/span><\/li>\n<li><span style=\"color: #000000;\">product\u2019s life cycle or expectancy<\/span><\/li>\n<li><span style=\"color: #000000;\">factors that may influence the product\u2019s life expectancy<\/span><\/li>\n<li><span style=\"color: #000000;\">research and development (R&amp;D) activities<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Be sure to integrate this information into your business plan!<\/span><\/p>\n<p><span style=\"color: #94046c;\"><b>Community Connection:<\/b><\/span><\/p>\n<p><span style=\"color: #000000;\">Advertising and sharing product information are both key to marketing and sales.\u00a0 Take a \u201cone-day\u201d challenge and create a list of all of the advertising observed while traveling to and from school and share with your team.\u00a0 Large trucks are often used as moving billboards.\u00a0 Search for ways companies utilize vehicles as a way to advertise their name and\/or product.<\/span><\/p>\n<p><span style=\"color: #000000;\">Invite a representative from a local marketing company to visit your classroom.\u00a0 Ask your guest to share marketing campaigns of past or current clients.\u00a0 Share your team\u2019s business plan and marketing ideas and ask for their recommendations for improvement.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\"><b>Bloom\u2019s Taxonomy:<\/b> brainstorm, calculate, consider, create, determine, describe, follow, formulating, integrate, invite, modify, outline, plan, predict, prepare, search, show, summarize, write.<\/span><\/p>\n<p><span style=\"color: #000000;\"><b>Workforce Skills:<\/b> reading comprehension, active listening, critical thinking, speaking, active learning, writing, instruction.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEST Business 101.2<br \/>\nIn just a few months, it will be time to get down to Bladerunner business.&nbsp; With a mission, vision and business plan, your winning team will be on the road to success.<br \/>\nIn today&rsquo;s business world, entrepreneurs begin with an idea that grows into a product.&nbsp; The product is then marketed to a potential buyer.&nbsp; Along this entrepreneur highway, there are stops, speed bumps and intersections.&nbsp; Having a map or a business plan makes the journey smoother.<br ...><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[342],"tags":[],"class_list":["post-474","post","type-post","status-publish","format-standard","hentry","category-bestology-2014"],"_links":{"self":[{"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/posts\/474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/comments?post=474"}],"version-history":[{"count":1,"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/posts\/474\/revisions"}],"predecessor-version":[{"id":475,"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/posts\/474\/revisions\/475"}],"wp:attachment":[{"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/media?parent=474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/categories?post=474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestology.bestrobotics.org\/index.php\/wp-json\/wp\/v2\/tags?post=474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}