BUSINESS PLAN ASSIGNMENT

Guidelines

SECTIONS $1-6$ Due on Dec. $11$ at $11$:$59$ p$.$m$.$

FULL DOCUMENT DUE ON Dec. $18$ at $11$:$59$ p$.$m$.($This assignment cannot be late$)$

For this assignment, imagine that you are starting your own business. Your business can provide services, goods, or goods and services to consumers. Your have total creative control over the type of business you are proposing to start. To start your business, you must create a business plan.

Read these documents:

$1.$ How to Write A Business Plan $|$ MOBI @SCU

$2.$ The Elements of a Business Plan: First Steps for New Entrepreneurs $-$ EC$-735($purdue$.$edu$)$

$3.$ Developing a Business Plan $($psu$.$edu$)$

Note: Your similarity score should be under $21\%.$ Your AI score should be $0\%.$ You cannot see the AI score on D$2$L$.$

You should include these contents in your business plan:

$1.$ Cover Page$-$ Includes name, address of business, title of report and date in the center of the page. In the upper left corner of page your name, class name, semester and name of professor. Include your business logo on the cover page. You can create your own logo using SmartArt, Shapes, or WordArt in Microsoft Word.

$2.$ Table of contents $($This section will be completed after the business plan is finished$).$

$3.$ Mission Statement $$The mission statement describes the purpose of your business. Answer the following: What are your business principles and values? What beliefs guide your business? Mission statements create excitement for your business.

$4.$ Executive Summary $($give an overview of your business plan$).$

$5.$ Description of the business $($should be detailed$)$ Include the activities and nature of the business, the business objectives, detailed information about the location of the business, type of customers and tell why the business is different of other businesses of the same kind.

$6.$ Products and Services$-$ What type of products do you sell, manufacture, or distribute? What types of services are offered? How will the product or service serve consumers?

Give a detailed description of the product or service including how it looks or how the finished product will look. What is the appeal of the product or service?

$7.$ Marketing Plan$-$How will the business sell its products or services? How will customers find out about the business? $($Give details$)$ How will you promote the business? Are you going to advertise on television? Who will you target your advertisements toward? Will you be listed in the telephone book? Will you have a website? Will you use direct mail? Will you pass out flyers? The marketing plan also includes the price of the service or product. Will you offer any sales or discounts? If you sell a product, how will it be distributed? Who is your competition $($give information about your competition$$s business and products or services$)?$ Do you anticipate future competition $($is it a growing field$)?$ What is your projected market share or sales projection? Has a need for your product or service been identified $($is there room in the market for your business$)?$

$8.$ Operational Plan$-$ Give a brief description of the types of licenses, permits or insurance policies the business must have. What are the operation procedures? If you offer products, how will the product be developed? If you offer a service, how will the customers contact you? In detail, tell how the business will operate or function on a day$-$to$-$day basis.

$9.$ Management and Organization$-$In this section, you will include the job description and resumes from class $($resumes should be typed$).$ Also include management duties and description and projected salaries. An organizational chart should be included. Do employees need training, if so$,$ how will they be trained? What type of employee will be needed? How will employees be selected? How will employees be rewarded

$10.$ Financial Plan$-$ How much money is needed? Does the business need to buy equipment? How much does the equipment cost? Does the business rent space? How much is allotted for marketing? How much money does the business have? What sources of money does the business have? How will the business make money? How will the business gain profit? Will the business get loans, investors, credit cards or grants? $($Give details$)$

Add a works cited page

The business plans should be typed.

Each section should be identified using roman numerals: I. II$.$ III. IV$.$ V$.$

Section titles should be bolded and capitalized. The sections should be single spaced with a double space between each new section.

Time New Roman $12-$point font should be used

This assignment is worth a total of $200$ points. Remember, each section should be detailed. An example business plan is attached to the assignment folder. Your plan should be more detailed, but follow the format of the example.