Question: Please create a Business Plan, approximately 10 + pages (double spaced, including pictures) for your imaginary business (not an existing business) and follow the Guideline
Please create a Business Plan, approximately 10 + pages (double spaced, including pictures) for your imaginary business (not an existing business) and follow the Guideline below (your Business Plan doesn't have to include every single point from this Guideline, but should cover most of them):
1. The Executive Summary for a business plan should include:
- Your business name and location
- Products and/or services offered
- Mission and vision statements
- The specific purpose of the plan (to secure investors, set strategies, etc.)
2. Company Description
- The legal structure of your business (corporation, sole proprietorship, etc.)
- A brief history, the nature of your business, and the needs or demands you plan to supply
- An overview of your products/services, customers, and suppliers
- A summary of company growth, including financial or market highlights
- A summary of your short- and long-term business goals, and how you plan to make a profit
3. Products and Services
- A detailed description of your product/service that emphasizes customer benefits
- An explanation of the market role of your product/service and advantages it has over competitors
- Information about the product/service's life cycle
- Relevant copyright, patent, or trade secret data
- Research and development activities that may lead to new products and services
4, Market Analysis
- A sketch of targeted customer segments, including size and demographics of each group
- An industry description and outlook, including statistics
- Historical, current and projected marketing data for your product/services
- A detailed evaluation of your competitors, highlighting their strengths and weaknesses
Strategy and Implementation
- An explanation of how youll promote your business to customers and enter the market
- Details about costs, pricing, promotions, and distribution/logistics
- An explanation of how the company will function, including the operations cycle (from acquisition of supplies through production to delivery)
- Information on sources of labor and number of employees
- Data on operating hours and facilities
Organization and Management Team
- An organizational chart with descriptions of departments and key employees
- Information about owners, including their names, percentage of ownership, extent of involvement within the company and a biography listing their background and skills
- Profiles of your management team, including their names, positions, main responsibilities and past experience
- List of any advisors, such as board members, accountants, and attorneys
Financial Plan and Projections:
- Realistic prospective financial information, including forecasted income statements, balance sheets, cash flow statements and capital expenditure budgets for the next five years
- A brief analysis of your financial data, featuring a ratio and trend analysis for all financial statements
Try to make it visually appealing, by including pictures, graphics, etc.
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