Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Important task, no plagiarism please! Develop a business plan according to requirements below: Business Description: Introduction to business- define what the business is, startup capital,

Important task, no plagiarism please!

Develop a business plan according to requirements below:

Business Description:

Introduction to business- define what the business is, startup capital, business mission and vision, Effective date of start-up the business.

Ownership: Is the business a sole trader or partnership

Purpose of business plan

Company Background, business logo and Location- where the business is located (address must be given). Explain clearly why you choose that location.

Top management details: Full resume with skills and experience

Organization chart- Need to draw up an organization structure showing the different levels of functions and accountability. Necessary to include the number of employees and the job descriptions.

Job description for each level in the organization chart.

Working hours of employees in the management and operational team.

Products or services:

Describe your products or services provided. Focus on customers benefits.

Examples of businesses that can used for the project are: i. F&B : Restaurants, caf, bakery, eatery, ii. Retail business: Clothing, toys, books, gift shops. iii. Medical and health care- Clinics, health and wellness center. iv. Services- Accounting services, lawyers, insurance agents, spa and beauty salons, hair and make-up studio, photography. v. Or you can specific your business and focus on one product.

Sales calculations for 1 year include the forecast for other 2 years

Market analysis - Marketing Strategies include your strategies based on 4 P`s (Product/packaging (quality), Price, place and promotions)

Financial Report

Balance sheet for the first year which include all types of assets, liabilities and capital invested.

Financial statements Projections - give 3 years plan in the form of Financial Statements (Income Statements and Financial Positions).

APPENDICES The appendix of the business plan includes information that support your statements, assumptions and reasoning used in the other sections of your business plan. This may include graphs, charts, statistics, photo, marketing materials, research and other relevant data.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jane L. Reimers

1st Edition

0131492012, 978-0131492011

More Books

Students explore these related Accounting questions

Question

How are most students funded?

Answered: 3 weeks ago