Assignment: Business Plan
This assignment consists of two sections: your final business plan and your business plan financials. Note: You must submit both sections as separate files for the completion of this assignment.
You have completed all the necessary sections of your business plan and will now create a final draft. Use any/all feedback you have received to polish your plan to the point that you could confidently show it to investors and potential partners or customers.
Refer to the outline of a business plan beginning on page 399 of the course text. Not all businesses will include all these components in this order, but use the outline as a guide. Specifically, your plan will not require the development, milestones, and exit plan sections of the business plan.
Section 1: Business Plan - Final (MS Word or equivalent)
Construct a 10-30-page business plan. Note: Twenty pages are sufficient for most businesses.
• Write a 1-3-page executive summary for your business plan, in which you justify the following:
a. A clear and concise business concept
b. A thoroughly planned business concept
c. A capable management structure
d. A clear-cut market need
e. Significant competitive advantages for your business
f. Realistic financial projections
g. That investors have an excellent chance to make money
h. A realistic and developed exit plan
Choose to write either a synopsis summary or a narrative summary and include highlights from each section of your business plan.
• Combine all the sections stated below and revise your initial business plan draft, based on feedback you have received.
• Executive summary
• Company description
• Industry analysis and trends
• Target market
• Competition
• Strategic position and risk assessment
• Marketing plan and sales strategy
• Operations plan
• Technology plan
• Management and organization plan
• Ethics and social Responsibility plan
• The Financials
o Hint:
- The financial section of your business plan will be derived from the previously completed financial worksheets.
o Note:
- The financials and the management description must spark enough interest to convince a reader to continue. Enhance the two mentioned sections to engage the reader.
Section 2: Business Plan Financials (MS Excel worksheets bundled with course textbook)
1. For year one, submit a revised income statement, cash flow projection, and balance sheet from the "Business Plan Financials" Excel template based on your feedback from Project Deliverable: Operations. Technology, and Management Plan with Financials - Draft. You will submit the entire completed and revised Excel worksheet.
The specific course learning outcome associated with this assignment is:
• Construct a business plan with an executive summary that justifies a clear concept, a management structure, a market need, competitive advantages, and financial projections.
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 includes 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.