Assignment: Create A Business Plan
Length: 3500 words.
For this unit, turn your attention to a more detailed look at the business plan. discuss writing a business plan, as well as business plan contents.
The discussion assignment includes a review of the Key Assignment Outline.
Your first task is to create a Key Assignment Outline so that other students are able to review your plan, include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft.
For assistance with your assignment, please use your text, Web resources, and all course materials. The objectives of this week's discussion are to assist you in evaluating your personal preparedness for entrepreneurship, and to enhance your likelihood for future successful new business ventures.
Remember, this is due no later than midnight of Friday, October 26, 2018 in order to be considered on time.
Also, we have another individual project that is due this week. For this week's assignment, write a detailed outline (like the one below) of your business plan. Organization is important.
Outlines will vary based on the type of venture.
A basic outline of the proposed business plan would include the following:
• Cover Page
o Name of the business
o Address and phone number
o Issue date of plan
• Table of Contents
• Executive Summary
o Company information
o Market opportunity
o Financial data
• Company
o Background
o Business form
o Reason for the firm's establishment
• Environmental Analysis
o Economic
o Competitive
o Legal
o Political
o Cultural
o Technological
• Products or Services
o Different from those currently on the market
o Other uses for the product
o Drawings or photos, if appropriate
o Patents or trademarks
o Competitive advantage
o Potential for growth
o Manage the product or service through the product life cycle
o Expand the product line or develop related products
• Management Team
o Technical skills
o Business skills
o Experience
o Compensation
o Training
o Professional assistance
• Time Line
o Outline interrelationship and timing of major events planned for your venture
o Timing of objectives should be realistic and attainable
• Benefits to the Community
o Economic development
o Community development
o Human development
• Exit Strategy (How and how long before you and your investors will exit the business and get back your investments?)
o Who will succeed you in the business?
o Will the business be sold?
• Financial Plan
o Sources and uses of capital (initial and projected)
o 3-year projections of:
- Cash flow statements
- Balance sheets
- Profit and loss statements
o Breakeven analysis
o Conclusions and important points:
- Discussion of how much equity and how much debt are included
- Highest amount of cash needed
- Expected payback period for loans
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.