DEVELOP A BUSINESS PLAN FOR A NEW BUSINESS

You are planning on starting a new business of your choice, which may be a sole proprietorship or partnership. You are initially limited to 10,000 of financial resources and have no additional income, but you may be able to borrow funds from elsewhere. You have no time constraints, since you have completed your full-time studies, so can devote yourself to the business on a full-time basis.

Your plan should contain all the elements of a business plan discussed in this course, including cash flow and profit forecasts, as shown below; you do not need to have appendices.

1. Introduction basic information
2. Executive summary 1 page summary, reason for success
3. Market conditions external factors: industry, competitors, customers
4. Management team internal factors: core competencies
5. Production and operations plan facilities, scheduling, sources, inventory
6. Human resources plan type, training, compensation
7. Marketing plan markets, pricing, promotion, distribution, customer service
8. Financial plan sources of funding, cash flow and profit projections
9. Future outlook going public, exit plan
10. Assumptions and risk analysis alternative scenarios

Word limit guide: 1,600 words