Assignment: You are going to start a business and complete a thorough business plan for your company. This is to be a brand new business, though it can be modeled after an existing company. If it is modeled after an existing company, you need to reveal who you modeled after.Items to include: Executive summary Form of business ownership Vision and mission statements SWOT Analysis Macroenvironmental scan Business footprint Code of Ethics Corporate Social Responsibility Product$($s$)/$service$($s$)$ produced Competitive advantage Management team, including titles, an organizational chart and brief job descriptions Human Resources: where will you get your employees and what types of benefits will you offer? Start up capital needed and where it will come from Marketing plan including research behind promotional and advertising plans, and identified target market; this area must include primary and secondary data Analysis of existing competitionGrading: You will be graded on four points:o Thoroughness of information$-$ is it complete, well thought$-$out and did you cover all of your bases?o Creativity$-$ how thorough and original are your ideas?o Accuracy$-$ have you accurately incorporated the ideas learned in class?o Team grading$-$ members of the team will grade each other based on effort and input.