Assume that you have decided to become a part-time entrepreneur. To begin your new entrepreneurial endeavor, you will need to develop a summary for a business plan. For your summary, write 1-2 paragraphs for each section of your plan. Each section is listed below.

Summary: Summarize your business concept, particularly the business model, so investors can see how the company will generate revenue and produce a profit. The summary must be compelling, catching the investor's attention and giving him or her reasons to keep reading. Describe your product or service and its market potential. Highlight some things about your company and its leaders that will distinguish your firm from the competition. Summarize your financial projections and indicate how much money would be needed from investors or lenders and where it will be spent.

Mission and objectives: Explain the purpose of your business and what you hope to accomplish.

Company overview: Give full background information on the origins and structure of your venture.

Products or services: Concisely describe your products or services, focusing on their unique attributes and their appeal to customers.

Management and key personnel: Summarize the background and qualifications of the people most responsible for the company's success.

Target market: Provide data that will persuade an investor that you understand your target market. Be sure to identify the strengths and weaknesses of your competitors.

Marketing strategy: Provide projections of sales volume and market share; outline a strategy for identifying and reaching potential customers, setting prices, providing customer support, and physically delivering your products or services. Whenever possible, include evidence of customer acceptance, such as advance product orders.

Design and development plans: If your products require design or development, describe the nature and extent of what needs to be done, including costs and potential problems.

Operations plan: Provide information on facilities, equipment, and personnel requirements.

Start-up factors: Forecast development of the company in terms of completion dates for major aspects of the business plan.

Major risk factors: Identify all potential negative factors and discuss them honestly.

Financial projections and requirements: Include a detailed budget of start-up and operating costs, as well as projections for income, expenses, and cash flow for the first three years of business. Identify the company's financing needs and potential sources.

Exit strategy: Explain how investors will be able to cash out or sell their investment, such as through a public stock offering, sale of the company, or a buyback of the investors' interest.