Assignment: Create a Business Plan
The business I chose was opening up a lounge/restaurant.
Along with the details below please read and use attachments for guidance.
A business plan is a carefully constructed guide for the person starting a business. The purpose of a well-prepared business plan is to show how practical and attainable the entrepreneur's goals are. It also serves as a concise document that potential investors can examine to see if they would like to invest or assist in financing a new venture. When constructing a business plan, the business person should strive to keep it easy to read, uncluttered, and complete. A business plan should include the following 14 components:
a. Cover Sheet
b. Table of Contents
c. Executive Summary
d. Company Plan Information
e. Environmental and Industry Analysis
f. Products or Services
g. Marketing Research and Evaluation
h. Manufacturing / Operational Plan
i. Management Team
j. Timeline
k. Critical Risks & Assumptions
l. Benefits to the Community
m. Exit strategy
n. Financial Documents
o. Appendix (any relevant data that supports your business idea)
The business plan should answer four questions:
a. What exactly is the nature and mission of the new venture?
b. Why is this new enterprise a good idea?
c. What are the business person's goals?
d. How much will the new venture cost?
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.