Task: Can someone please help me with this case study?
A highly-motivated colleague of yours has been running a part-time small business for additional income. Within the past couple of months the company started to experience rapid growth and your colleague would like to turn it into a full-time venture. The colleague realizes that his retained earnings, at this point, are not yet enough to sustain the rapid growth so he has come to you for help. You have been asked to prepare a research paper for him that will provide information he can review as he considers expanding full-time. Prepare:
- An explanation of the elements of a business plan
- An explanation of why a business plan is needed
- Explore start-ups, expansions, relocation's, and franchising elements
- An analysis of the financial aspects of going full-time
- What do bankers, lenders, or investors want in a business plan
- Advice for how to present the business plan to bankers, lenders, or investors