Creating a Business Plan for a Micro Business: Your Business Concept

submitted by CarolTopp on 01/07/15 1

microbusinessforteens.com Join Presenters Carol Topp, author of the Micro Business for Teens series, and Rachel Coker, teenage author and micro business owner, as they discuss how to take an idea for a micro business and write out a business concept for that idea. In the video, they explain that in a business concept, you basically want to write out a description of the product or service that you're going to sell. Then you want to explain what makes your product or service unique. You'll also want to include what industry your product or service is going to fall under (is it pet food, clothing, auto repair, retail, etc.) and the trends and opportunities you have in the industry that you have picked. Finally, you'll want to write out how you are going to measure success. Is it going to be based on a set number products that you plan on selling, if it's a product-based business? Or will it be a financial goal? You'll want to write this out in numbers. Learn more about how to start your own micro business on Carol Topp's website, microbusinessforteens.com. If this video has helped you, share it with a friend using this link: www.youtube.com/watch?v=tsiyKjIm9c0. Be sure to follow Carol Topp on Twitter: twitter.com/CarolTopp "Like Us" on Facebook: www.facebook.com/MicroBusinessForTeens Read more about how to start a micro business for success at: microbusinessforteens.com Find more micro business ideas on our Micro Business Pinterest Board: www.pinterest.com/caroltopp/micro-business-ideas/

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