All . + 0 xa o osc MGT402_Assignment_-_1 = OGSR pace ora comer Organ weaknesses of small business. La 11). Assignment Workload This assignment is an individual assignment An entrepreneur Start-up Business Plan A business plan is any simple plan, not only limited to the business start up plan that helps the management to understand the current situation of the enterprises strengths weakness, opportunities and threats) and look forward into the future. A start-up plan is a business plan which consists of the mission, vision, objectives and action plans for the , future of the new enterprises while the business plan drawn during the operation of the Tiem is vital for running the firm effectively, acquire new customers, partners, loans and so on. According to Fiore (2005), a business plan involves two dimensions: an organizing tool to simplify and clarify your business goals and strategy, the second one is a selling documen! that sells the business idea and shows that a product or a service can make a profit and attract funding and company resources Imagine you started a rew business as an entrepreneur in Saudi Arabia. Briefly mention the specific steps which you consider necessary to successful business plan. Please, think and share information on the following items: 1. Owners, capital structure and company profile (1 Marks) a Your Business Name Address, E Mail b. Form of ownership What the legal structure Sole proprietor, Partnership Corporation Investment capital 2 Company Business Description (200 - 400 words) A. Scope and type of business (3 Marks) What business wil you be in? What will you do? What market segment will you choose? - Business idea what is your big idea? is it a product or a service? What makes your idea different? Mission Statement - Company's short term and long term goals and objectives . Target market and demographics:Who will your customers Le? Where do they live? What is your target market passionate about? B. Business Philosophy (3 Marks) What is important to you in your business? ? - Desenba your industry is it a growth industry? What long term or short term charges do you foresee in the industry? How will your company take advantage of it? Describe your most important company strengths and core competencies: What factors will make the company succed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture? Risk Assessment Evaluate the strengths and weaknesses of your business using SWOT Who is your competition and how do you beat them? 3. Products and Services (3Marks) a Bretly discuss your products or services (Technical specification) b. Sze of business: how many employees? How many offices and retail facilities? c. What factors will give you competitive advantages of disadvantages? Examples include level of quality or unique or proprietary features. :