Business Plan
For this assignment you will come up with an idea to start your own small business. You will be writing a mini-business plan and have to think through all the different areas of how you would run your business. Be as realistic as possible and choose something you’ll enjoy writing about.
• Make sure to include key terms and concepts from the class in your Business plan and bold them (if you do not do this your grade will be significantly reduced).
• Include the headings in your paper for each of the sections below.
Write at least one paragraph for each of the sections below and include a heading in your paper for each.
–Executive Summary – a snapshot of your business. Write this after you have written the other sections and have it summarize the main points of the sections below. This should always be the first section of the business plan (should be written in an appealing way to encourage people to read the full businesss plan).
–Company Description – describes what the company does and how it will make money.
–Market Analysis – research on your industry, market, and competitors.
–Organization and Management – your business and management structure.
–Service or Product – the products or services you’re offering.
–Marketing and Sales – how you’ll market your business and your sales strategy.
–Funding – how much money you’ll need to fund the business, what funding sources you may access and how you’ll get funding to keep it going.
–Financial Projections – What is your estimated revenue, costs and profits for the first 6 months and year. Provide details and explain.
–Appendix– Go online and find at least one additional dataset or chart that help build the argument that your business idea will be successful. Write 1-2 sentences tying the data to your business and make sure to provide a source of where you fin found the chart or data.
Here’s an article with some good advice: https://www.businessinsider.com/7-steps-to-a-perfectly-written-business-plan-2016-8
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