Complete a business plan for a Rental Property Business. If you really want to make money by investing in a property, you first need to have a solid plan on how to make it work! (start off buying a duplex and work your way up)

You are allowed to place their business anywhere in Ontario.

The goal of the final project is to apply your business knowledge and creativity to the sections listed below. Demonstrate through this project that you have a viable business idea. Think outside the box. Creativity is key. The goal of using any Ontario centre is to allow you to leverage information that you are already familiar with and to truly allow you to “step into the shoes” of a new business environment that you are familiar with.

Key Sections of the Business Plan Include all of the following:

1. 1. Executive Summary

The executive summary is a brief overview of the business, key advantages, and potential profits.

1. 1. Business Description

The business description is descriptive of the business itself. Location, types of products and services, ownership, hours of operation, etc.

3.0 Market Description (complete each of the following sections as per the description in class)

3.1 Market size

3.2 Market segmentation

3.3 SWOT Analysis

4. 4. Marketing Plan

3.5 Competitive Analysis

1. 1.Financial Analysis

4.1 Complete a startup income statement and determine your net income for a given period of time (e.g. year 1)

• . Include an assumption sheet for financial numbers and show your calculations
• . Include any concerns for capacity with your business income
  2. . Create a breakeven analysis

4.3 Create a loan analysis

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  • . How much money do you need to start your business?
  • . What about the costs needed just to open up on day 1?
  • . Where are you going to get your money from?

1. 1. Business Contingency

A business contingency plan outlines your main concerns that can affect the profitability of your business and what should you do in response should they arise. The business contingency plan really addresses the notion of a “back up plan” to save your business.

Report Structure

. Estimated 8-10 pages in length

. Reports should have a title page, table of contents and be very organized in presentation

• . The business plans must be completed in word and excel.

Answer rating: 100% (QA)

Executive Summary This business plan outlines the rental property business to be located in Ontario The goal of the business is to purchase and manage properties for rental income It is estimated that ... View the full answer