You have decided to venture into the entrepreneurial world opening a business of your choice. In preparation of such, you are required to start the compilation of a business plan. Using the headings provided, compile a business plan that you could utilise to obtain funding. PLEASE NOTE THAT YOUR PROJECT SUBMISSION MUST FOLLOW THE SECTION HEADINGS PROVIDED. 1 Cover Sheet Full name of the business Ownership status Full physical street address Postal or official address for communication Contact details: telephone, fax, e-mail and web-site information Contact name and title Date of the Business plan 2. Executive Summary summary must allow the reader to quickly obtain an overview of the business plan and to evaluate whether the contents would be of interest. 3. Product and/or services Plan Brief description of the product or service, the customer base, the current status of the industry and where the new business fits in. Description of the products and or service to be sold: primary end use, secondary applications, unique features, market penetration Proprietary position: patents, trade secrets, other features Potential competitive advantage, opportunity to expand product line, any disadvantage or technological changes or marketing fads (if applicable). 4. Marketing Plan 4 Ps Customers: who your customers are, purchase decisions - price, quality, service, personal contacts or political pressure. Industry: Describe the size of the current total market, potential distributors and dealers. Competition: Make a realistic assessment of strengths and weaknesses of competitive products and services. Compare the competing products and services on price, performance, service, warranties. 5. A Management Plan List all directors, consultants, advisers, and any other key professionals who will be involved in the business. Mention whether any of the management team members have worked together in the past. 6. Sustainability Plan Environmental issues Nature of opportunities for green impact Employment opportunities Potential environmental impact 7. Financial Plan Establishment costs Break-even analysis