BUSI $109$ Assignment $01/25\%$Develop a comprehensive business plan for an entrepreneurial venture. This assignment will allow youto apply the concepts and principles learned throughout the course and demonstrate your understanding of key aspects of entrepreneurship.Instructions$1.$ Identify a business idea: Choose a business idea that you are passionate about or interested in pursuing. The business idea should be innovative and have the potential for growth$\mathrm{.}2.$ Executive Summary: Write a concise executive summary that provides an overview of your business idea, including the problem you are solving, target market, unique value proposition, and the potential for success$\mathrm{.}3.$ Company Description: Provide a detailed description of your company, including its vision, mission, legal structure, and core values. Explain the purpose and goals of your venture$\mathrm{.}4.$ Market Analysis: Conduct a thorough market analysis to understand your target market, industry trends, competition, and customer demographics. Identify your target market's needs, preferences, and behaviors$\mathrm{.}5.$ Product or Service Offering: Describe your product or service in detail, emphasizing its uniquefeatures, benefits, and competitive advantages. Explain how it addresses customer needs and differentiates from existing offerings$\mathrm{.}6.$ Marketing and Sales Strategy: Develop a comprehensive marketing and sales strategy to reachyour target market effectively. Identify the marketing channels, promotional tactics, pricing strategy, and customer acquisition methods you will employ$\mathrm{.}7.$ Financial Plan: Create a detailed financial plan, including projected revenue, expenses, and profitability over a specific timeframe $($e$.$g$.,$ three years$).$ Consider factors such as startup costs, operational expenses, pricing, and sales projections$\mathrm{.}8.$ Operations and Supply Chain Management: Outline the operational processes and supply chainmanagement strategies you will implement to ensure efficient and effective delivery of your product or service$\mathrm{.}9.$ Team and Human Resources: Describe the skills and expertise required to execute your businessplan successfully. Identify key team members and their roles. Explain your human resource management strategies, including recruitment, training, and employee retention$\mathrm{.}10.$ Risk Assessment and Mitigation: Identify potential risks and challenges that your business may face and develop strategies to mitigate them. Consider financial risks, market risks, operational risks, and legal and regulatory compliance$\mathrm{.}11.$ Funding and Investment: Present your funding requirements and potential sources of investment. Explain how you plan to secure funding for your venture, whether through self$-$ funding, loans, venture capital, or other means$\mathrm{.}12.$ Conclusion: Summarize your business plan, highlighting the key elements and emphasizing why your venture has strong potential for success.Format Guidelines$-$ The assignment should be typed using a standard font $($e$.$g$.,$ Times New Roman, Arial$)$ with a font size of $12$ and double line spacing.$-$ Use headings and subheadings to organize your business plan clearly.$-$ Include charts, graphs, or visuals to support your arguments and enhance understanding.$-$ Ensure proper citation and referencing if you use external sources. Evaluation CriteriaYour business plan will be evaluated based on the following criteria: $-$ Clarity and coherence of ideas$-$ Thoroughness of market analysis and understanding of target market $-$ Viability and uniqueness of the business idea$-$ Effectiveness of marketing and sales strategies$-$ Financial feasibility and projections$-$ Operations and supply chain management strategies$-$ Quality of risk assessment and mitigation strategies$-$ Overall professionalism, organization, and presentation of the business plan.Submission DetailsZip your source files and rename the folder to Last Name, Firstname Student #$.$ Please submit your folder into the Google Classroom submission folder.Submit your completed business plan in PDF format and rename the file to Business Plan Student # and then upload it to the Google Classroom submission folder.