1. Discuss the importance of a Business Plan to the success of a small business?
2. Using a fictitious or real-life businesses in the industry of your choice, develop the Business and Industry Profile and the Competitor Analysis elements of your Business Plan as if you were completing them in a real-life business plan, making sure you identify the name of your firm (be it real or fictitious), and the type of industry it is operating in.
When you complete the “Business and Industry Profile” and “Competitor Analysis” elements, provide a mock-up of what a Business and Industry Profile and a Competitor Analysis might look like for either a fictitious company or a real-life company of your choice?