Individual/Group Project Business Plan - 15% of overall grade Due Week 13 Presentation 5% of overall grade - Due Week 14 Introduction: Over the next 2 months or so you will develop a business plan formulating an idea for a business to be operated in Vancouver, BC. Objective: To familiarize each learner with the concept of business planning. Your project has to demonstrate your understanding of the elements involved in the conceptualization and development of a successful business plan. Requirements: Using any relevant information related to this assignment as determined by yourself, you are to develop a business plan for a business of your choice. The plan should include at least 7 separate sections and a summary of the operations manual is required with the thought of succession planning in mind. Do not worry about financing the business at this point. This assignment will most likely be 5-7 pages in length. ALL sources consulted should be listed on a references page provided at the end of the assignment. If you choose to form a partnership, or corporation, you will need to include a partnership agreement to your business plan. This assignment is to be typed in Word format. The evaluation of the project will be based on completeness, content and presentation of the items found below. Please review and remember the quality requirement issues associated with assignments such as neatness, grammar, spelling, etc. as discussed in the course outline. Business Plan evaluation criteria; I. Business Plan A. The business plan idea will be evaluated based on elements such as creativity and plan viability. Please remember that this is to be a business which is to be based in Vancouver, BC. B. Each part of the plan should contain a complete discussion/analysis of the section. Attention will be paid to flow, relatedness and completeness. (Approach this assignment as if you are pitching to a bank or investor to convince them to financially support your idea.) You are to determine what you believe to be the most complete and logical outline to follow in the development of the plan. C. You are to provide a detailed summary of how your business will operate. This will include how the various departments function, organization structure, etc. An operations manual is crucial to any business as it provides answers relating to the success of a business. It provides standard operating procedures to promote the quality of the business, its growth, and allows the business to become easily transferable. II. Presentation The presentation will be evaluated on these key factors: introduction, eye contact, logic, clarity, completeness, visual support and the handling of questions and answers- Q&A.