Badm475 U4db – Create a Business Plan
APA Format, No grammar errors, No plagiarism. Must be on time.
WORDS:depends on answering whats needed.
For this unit, turn your attention to a more detailed look at the business plan. discuss writing a business plan, as well as business plan contents.
The discussion assignment for this week includes a review of the Key Assignment Outline.
Your first task is to create a Key Assignment Outline so that other students are able to review your plan, include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft.
For assistance with your assignment, please use your text, Web resources, and all course materials. The objectives of this week’s discussion are to assist you in evaluating your personal preparedness for entrepreneurship, and to enhance your likelihood for future successful new business ventures.
Remember, this is due no later than midnight of Friday, October 26, 2018 in order to be considered on time.
Also, we have another individual project that is due this week. For this week’s assignment, write a detailed outline (like the one below) of your business plan. Organization is important.
Outlines will vary based on the type of venture.
** A basic outline of the proposed business plan would include the following:
Name of the business
Address and phone number
Issue date of plan
Table of Contents
Reason for the firm’s establishment
Products or Services
Different from those currently on the market
Other uses for the product
Drawings or photos, if appropriate
Patents or trademarks
Potential for growth
Manage the product or service through the product life cycle
Expand the product line or develop related products
Outline interrelationship and timing of major events planned for your venture
Timing of objectives should be realistic and attainable
Benefits to the Community
Exit Strategy (How and how long before you and your investors will exit the business and get back your investments?)
Who will succeed you in the business?
Will the business be sold?
Sources and uses of capital (initial and projected)
3-year projections of:
Cash flow statements
Profit and loss statements
Conclusions and important points:
Discussion of how much equity and how much debt are included
Highest amount of cash needed
Expected payback period for loans
Assignment is due no later than midnight of Wednesday, October 31, 2018, Halloween! (plan accordingly)- (12 o’clock midnight central time) in order to be considered on time.
**When finished, your business plan should be between 500 and 600 words.
Entrepreneurship: A Real-World Approach by Abramse-Book – VitalSource Planning 97819338956041804