(new innovation) or develop a product that already existed , business plan

ENTERPRENURESHIP (UNIR 2001) Fourth Assessment Assignment (Business Plan) Instructions: 1. Think about a business idea and develop a traditional business plan considering key components of traditional business plan covered during the course. 2. Submit your detailed traditional business plan and present your lean business plan to your classmates. Notes: - The Business Plan Report is to be prepared as a group work and is weighted at 50% of student's total marks for the course. The Business Plan Report is to be submitted through the SULMS portal and the group has to make a presentation on detailing the business plan. The report should be between 1520 pages. Student's Guide to Business Plan Development What exactly is the Business Plan? A business plan, in its most basic form, is a guide. A business roadmap that outlines goals and details how you intend to achieve those goals. If you've ever considered starting a business and decided to write down some ideas for your business strategy, you've begun to write a business plan. If you intend to seek funding, pitch your business to investors, or require more detailed information on your business strategy, the business plan will assist you. How should Students write it out? Every business has its own business plan. There are still specific sections, information, and best practices to adhere to ensure that you cover everything that you, investors, employees, mentors, or anyone else may require. Whatever business plan format you choose, there are seven basic sections you must cover. Here is what you must include: 1. Executive summary 2. Product and services 3. Market analysis 4. Sales and marketing 5. Organization and management of a business 6. Financial forecasts 7. Appendix Rubric