For this report, you are required to create a short but comprehensive three-year business plan for a
Question:
For this report, you are required to create a short but comprehensive three-year business plan for a new business venture. The venture should be for-profit, but have clear social benefits. At least part of the capital required for the new venture should be raised via a crowdsourcing campaign
You have a choice. You can assume that your business will launch in a post-COVID world, where prior assumptions about the market will apply. Alternately, if your business is in response to COVID-related issues (e.g. you are making face masks or working-from-home equipment) then you should incorporate the changes in conditions from the pandemic. Either way, you should state in your report what your COVID-related assumptions are.
It should be as realistic as possible. If you really think you can get equity finance of a few billion dollars then sure, present your plan for beating Apple at making phones. Otherwise, present something that you might just be able to pull off (with a bit of luck). But remember that no one is interested in financing a venture without potential, so think big. All ventures may fail, so investors are looking for the ones that promise high returns if they succeed.
Your business plan does not have to be in Australia, but you need to demonstrate that you can execute the plan in the location you have chosen. So if you are locating the plan in your home country and make the case that you have the appropriate level of knowledge/contacts etc. to make it work there, that is fine.
what are the appropriate financial information that must be included in this report?
Expert Answer:
1 The venture should be forprofit but have clear social benefits At least part of the capital required for the new venture should be raised via a crowdsourcing campaign Crowdfunding is a way to raise ... View the full answer
