Welcome to "Understanding the importance of a business plan"! This lesson aims to educate students on the importance and key elements of a successful business plan. The expected learning time is 90min. during which the students will learn the essential components of a comprehensive business plan. They will also explore practical tips and best practices to create an effective plan that caters to the needs of investors, lenders, and internal team members. Additionally, students will understand the principles that form the foundation of a successful business plan, promoting clear communication, realistic goal-setting, financial viability, adaptability, and regular reviews.

Through fun exercises and discussions, students will gain valuable insights into the art of developing a compelling business plan, equipping them with essential skills for future entrepreneurship and business management.