Question
Purpose The purpose of this assignment is to give you the opportunity to apply all of the major concepts you have covered in the course
Purpose
The purpose of this assignment is to give you the opportunity to apply all of the major concepts you have covered in the course to a real or made up business concept. A complete and well thought out business plan will provide you with the information you require to proceed with moving a business concept ahead and to access capital from funding organizations.
How to Proceed
- Review the Business Plan grading rubric below.
- Download the BDC Business Plan template and Financial Spreadsheet from the assessment information widget on UM Learn.
- Populate the Business Plan and Financial Spreadsheet, as we progress through the course.
- Submit your Business Plan and Financial Spreadsheet to the Assignment 4 dropbox on UM Learn.
TABLE OF CONTENTS
Your business plan is divided into the following sections:
Business Overview
Description of the Business ..........................................................................................................................................................
Major demographic, economic, social and cultural Factors ....................................................................................................
Major Players ..................................................................................................................................................................................
Trends in the Industry ....................................................................................................................................................................
Government Regulations ..............................................................................................................................................................
The Market
Market Segment .............................................................................................................................................................................
Products & Services .......................................................................................................................................................................
Pricing and Distribution .................................................................................................................................................................
Market trends ..................................................................................................................................................................................
Implications or risk factors ............................................................................................................................................................
The Competition
Competitors and type of competition ...........................................................................................................................................
Competitors' Strengths and Weaknesses ..................................................................................................................................
Competitive advantage ..................................................................................................................................................................
Sales & MarketingPlan
Customers .......................................................................................................................................................................................
Suppliers ..........................................................................................................................................................................................
Advertising & promotion ................................................................................................................................................................
Pricing & distribution ......................................................................................................................................................................
Customer service policy ................................................................................................................................................................
Operating Plan
Business location & requirements / advantages / lease details ..............................................................................................
Equipment / technology / R&D / environmental aspects ..........................................................................................................
Human Resources Plan
Key employees ...............................................................................................................................................................................
Policies & procedures ....................................................................................................................................................................
Action Plan
Action plan & timetable ...............................................................................................................................................................
Executive Summary
A brief description of the project, the financing required, and additional information that help explain the business plan ............................................................................................
APPENDIX: Financial Plan
The company's financial performance both historical and projected (available in the kit Excel spreadsheet). Includes sales cost of goods sold expenses income statement balance sheet cash flow budget financial requirements performance indicators and personal status. ............................................................................................................................................................................................
HOW TO PRINT THESE INSTRUCTIONS
FINANCIAL PLAN (EXCEL SPREADSHEET)
In this section, you give a brief description of your company and where it stand in the marketplace.
Legal name: | |||
| Trading name: | |||
| Business address: | |||
| Phone: | Fax: | ||
| E-mail: |
Description of the Business
Major demographic, economic, social and cultural Factors
Major Players
suppliers, distributors, clients
Natureof the Industry
Trends in the Industry
Government Regulation
THE MARKET
Market Segment
Products & Services
Pricing and Distribution
Market Trends
Implications or Risk Factors
Planned Response
THE COMPETITION
Competitors and type of Competition
Competitors' Strengths and Weaknesses
Competitive Advantage
If you are a start-upand do not yet have clients or suppliers you should still contact potential clients and suppliers and include letters of intent and market research information to help show your sales potential.
Customers
NAME \ ADDRESS | TERMS | PRODUCT / SERVICE | ||
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| ADDITIONAL INFORMATION | ||||
Suppliers
NAME \ ADDRESS | TERMS | PRODUCT / SERVICE | ||
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| 5 | ||||
| ADDITIONAL INFORMATION |
Advertising & Promotion
Pricing & Distribution
Customer Service Policy
In this In this section, describe the physical aspect of your business operations: your location, current and future capacity, lease details, your equipment and technological requirements, and any environmental or other regulations that apply.
Location
Size and Capacity
Advantages or Disadvantages
Lease or Ownership Details
Equipment, Furniture & Fixtures
Future Expenditures / Technology Requirements
Research and Development
Environmental Compliance
Additional Information
This section details your human resources plan: key staff, policies & procedures. If your business is expanding, indicate what future resources will be needed.
Key Employees
NAME OR TITLE (N OF POSITIONS) | KEY RESPONSIBILITIES | QUALIFICATIONS | ||||||
| 1 | ||||||||
| 2 | ||||||||
| 3 | ||||||||
| 4 | ||||||||
| ADDITIONAL INFORMATION | ||||||||
POLICIES AND PROCEDURES
Hours of Operations
Number of Employees
Vacation Program
Performance Assessment
Training & Development
Remuneration and Benefits
This section details the future action the business plans to take, usually over the next 2 to 3 years.
Action Plan
ACTION | BY WHEN | ||
| 1 | |||
| 2 | |||
| 3 | |||
| 4 | |||
| 5 | |||
| 6 | |||
| 7 | |||
| ADDITIONAL INFORMATION | |||
In this section, you provide a summary of the reasons you are seeking financing, together with a summary of your business operations.
Objectives / Description of the Project
Business History / Nature of Operations K
Products and Services
Project Financing
Management / Advisors
Director 1
Director 2
Risk Assessment & Contingency Plan
Financial Institution
Supporting Documents
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
