Exhibit_D_-_Proposed_Business_Concept_Overview.pdf

Page 1 of 7VR-1011A FORFF (9-21) ARIZONA DEPARTMENT OF ECONOMIC SECURITY Rehabilitation Services Administration, Vocational Rehabilitation (VR) Program

SELF-EMPLOYMENT GUIDE

PART 3: PROPOSED BUSINESS CONCEPT OVERVIEW

A proposed business concept overview describes your proposed business idea and it is not a business plan. A business plan is a more extensive document. Using the resources listed in Part 5 of the Self-Employment Guide and the results of your research, prepare and submit to the VR Counselor the documents marked 1-6 as shown below for a new business.

Client’s Name:

VR Counselor’s Name: Date of completion:

Check one option. This Proposed Business Concept Overview is for:

establishing a new business expanding an existing business (skip to sections A-C below)

Complete Items 1-7 if you wish to establish a new business.

Complete Items A-C if you wish to expand an existing business.

NEW BUSINESS

1. Proposed Business Idea

Describe your business idea and specify the type of product(s) and/or service(s) the business plans to provide/sell.

Describe the potential customers for your business concept and how you plan to market the products/services to them.

Provide a geographic description of the market area, target markets including size and scope of each market.

List competitors working in or marketing to potential customers in the target geographic area

See page 6 for USDA/EOE/ADA disclosures

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Describe the marketing and pricing strategy you plan to use.

Describe the budget estimates for your business concept taking into account all costs needed to make the business work and include:

• Resources for startup funding and ongoing financing

• The projected sales for 1 year.

• The projected expenses for 1 year.

• Projected revenues including monthly wage you expect to make and when you expect to make it.

• Zoning issues/requirements, licenses and permits for establishing a business at the intended location.

• Any risks associated with this business concept and special considerations the reviewer of your business concept should know when determining whether the business concept is feasible.

2. Labor Market Information

Include the results of research, labor market surveys and informational interviews you completed demonstrating a high probability that there may be demand for the products/services the business plans to sell.

List all resources (articles, publications, or other published resources) that support your business idea.

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Describe informational interviews or job shadowing with business owners who currently operate similar businesses that you have conducted.

Include the examples of similar business concepts that are successfully operating.

Include the current trends in the industry and future forecast.

Include the results of research of potential funding sources for the business startup and operations.

3. Prior Skills, Abilities, and Experience

Describe and provide examples of experience and skills you have relevant to operating a business (past experience in the industry, past experience in business operations, planning and time management skills, communication skills).

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4. Prior Education and Training

Describe the essential functions of the occupation and business.

Include the primary functions you will personally perform in your business (e.g., bookkeeping, marketing, taking orders, etc.) and the functions you will need other people to perform.

Describe training you have completed specific to this business (degrees, certifications, on the job training, apprenticeships).

5. Training and Licensure required for the chosen employment goal and business setting.

Describe training that you still need to complete to be able to operate this business.

6. Services and Supports that you need in order to be successful in the business. Briefly describe:

Mark all that apply. I will need information and training on the following:

Starting and managing a small business

State and local regulations, licensing and permits

Page 5 of 7VR-1011A FORFF (9-21)

The elements of a business plan

Growth trends in the business industry

Finding data and information about potential customer

Finding data and information about business competitors

Pricing the products/services

Preparing marketing strategies

Preparing the business financing projections (balance sheet, income statement, break-even point)

7. The potential places of employment

If you do not have experience with this type of business, would you consider working for someone else as a training experience in this field before establishing your own business?

Briefly explain:

If self-employment is not achievable, are you willing to search for employment in the competitive labor market and work for a company?

Briefly explain:

EXISTING BUSINESS

A. Business information (background and overview of the existing business).

Include the business name and location and the employer identification number (EIN) under which the business reports revenues.

Indicate whether the business is registered in the State of Arizona.

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Describe the product(s) and/or service(s) offered.

Describe the business location.

B. Plans for expansion (future product or service development)

Describe your plan for business expansion.

Describe the assistance you need from VR.

C. Financial documentation

Attach the Profit and Loss Statement for the past 12 months that includes cost of goods sold, gross profit, expenses, net profit, and your earnings indicating that the business is financially stable.

If your earnings are not at or above minimum wage, include an explanation

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SUPPLEMENTAL INFORMATION

Client Signature: Date:

VR Counselor Signature: Date:

Contractor Signature: Date:

Equal Opportunity Employer / Program • Auxiliary aids and services are available upon request to individuals with disabilities • To request this document in alternative format or for further information about this policy, contact your local RSA office; TTY/TDD Services: 7-1-1