Preparation
1) What are you good at? What do you like? Do you have any work experiences? Have you been a volounteer?
2) What would you like to change, make better? What are you not happy with? What issues in a particular location need good solutions?
3) Do you like working alone or in a team?
4) Do you prefer talking to people face to face or on the phone / internet / texting?
5) Who would you like your target group to be: peers, adults, children, pet owners, athletes, etc.?
6) What's your business idea? Describe your product or service.
7) Describe your target group: age, location, gender etc.
8) What's the market or competition like? Are there any other companies providing similar products, services? Are there any foreign companies?
9) Who are the principal members of your company? How much are you and they willing to contribute? (How many hours per day or week, at the weekends or on holidays?)
10) What are your advantages over your competitors?
11) Are there any legal regulations your need to follow?
12) Every business needs some kind of funding. Where would you get the required sum for a start up?
Write sentences
1 paragraph: about you, your interests, strengths, weaknesses, describe your communication and social skills
2. paragraphs: description of the product / service
3. customers / advertising
4. competitors, what are your advantages
Feedback
1) Advantages / Strenghts / Reasons this business plan is good / might be successful
2) Disadvantages / Weaknesses / Reasons it might not be successful
3) Dragon Den's decision: going to invest / not going to invest
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