Assignment : Business Plan - Final
It consists of two (2) sections: your final business plan and your business plan financials.
You have completed all of 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 .Not all businesses will include all of these components in this order, but use the outline as a guide. Specifically your plan will not require the Development, Milestones, and Exit Plan section of the business plan.
Section 1: Business Plan
Prepare a ten to thirty (10-30) page business plan.
1. Create a one to three (1-3) page executive summary for your business plan, in which you justify:
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.
2. Combine all of the sections stated below and revise your initial business plan draft, which you submitted in Week 8, based on feedback you have received.
o Executive Summary
o Company Description
o Industry Analysis and Trends
o Target Market
o Competition
o Strategic Position & Risk Assessment
o Marketing Plan & Sales Strategy
o Operations Plan
o Technology Plan
o Management & Organization
o Ethics & Social Responsibility
o The Financials
3. The Financials and the Management description-must spark enough interest to convince a reader to continue. Enhance the two (2) mentioned sections to appropriately engage the reader.
o Hints: The financial section of your business plan will be derived from the previously completed financial worksheets.
4. Format your assignment according to these formatting requirements:
o You must Cite the resources you have used to complete the exercise. Note: There is no minimum requirement for the number of resources used in the exercise.
o Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references should follow APA or school-specific format.
o Include a cover page containing the title of the assignment. The cover page and the reference page are excluded in the required page length.
Section 2: Business Plan Financials (MS Excel worksheets bundled with course textbook)
5. For year one, submit a revised Income Statement, Cash Flow Projection, and Balance Sheet from the "Business Plan Financials"
The specific course learning outcomes are:
• Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
• Create a plan to implement a firm's strategy and manage the change from current operations.
• Analyze strategies for exerting the internal leadership needed to drive the implementation of strategic initiatives and improve operating excellence.
• Use technology and information resources to research issues in strategic management.
• Write clearly and concisely about strategic management using proper writing mechanics.