Business Plan Assignment This assignment will assess the following course objectives: 1. Evaluate the feasibility of small business ideas: 2. Analyze ethical and legal dilemmas of entrepreneurship 3. Prepare a basic financial plan cash-flow revenue and expenses 4. Formulate strategies for management and 5. Create a small business plan. For this assignment, you will be required to create a business plan for an existing small business, The goal of the business plan will be to make improvements with respect to the strategic planning, change risk management, and financial planning of the business First, you must identify an existing small business to use for the project or a new business you wish to start. A small business' is one that employs fewer than 50 people. After you've selected the business to use for the plan, begin research so you can create a small business plan that is geared towards making improvements in the business The business plan that you create should have a dedicated section for each of the following Executive Summary While this should be the first section of your plan, it is usually written last. This section provides an overview of the business as it is now and what is goals are for the future. (10 Marks) Business Description This section describes the business and identifies its location(s) and types of products or services that it sellis (10 Marks) Mission and Vision of the Business The mission statement explains the company's current objectives and its overall purpose. The vision statement discusses where the company sees itself heading in the future. (5 Marks) Market, Products and Services This section discusses the analysis and selection of the target markets), as well as the products or services to be sold (10 Marks) Organization and Management In this section, you should address the legal structure of the business, the organizational chart, responsibilities of key persons in the management of the company, and any licenses or permits that are required for operation (10 Marks) Marketing & Sales Strategy In this section, you should give details of the strategy to market and sell the products and services, using the 4P's of the marketing mix Financial Management (10 Marks) This section should use research-based estimates to create a projected income statement, and a projected cash flow statement. Any ideas for securing additional capital should also be included in this section. (10 Marks) Your small business plan should be 2.500-3,000 words long The Internet has many resources that can provide information to complete this assignment. Company and industry websites and social media pages can help you ascertain information about the products and services sold, as well as targeted markets and strategies for promotion and sale of goods and services