Question: Please! step by step of everything thanks! you will develop a business plan for a business that you are thinking about opening, or one that

Please! step by step of everything

thanks!

you will develop a business plan for a business that you are thinking about opening, or one that you would be interested in owning. Following the Sample Student Business Plan in back of your textbook, complete the following. Submit in PowerPoint format.

Cover page

full legal name of your organization/business

name of majority owners

date of plan

Executive Summary

Description of your business idea and the nature of the target market

Type of organization (e.g. C Corporation, LLC, sole proprietorship)

Brief description of the products and/or services you will offer

Key success factors

Short-term business goals (less than one year)

Resources and skills that you and other owners and managers have that will help you make your organization successful, plus other skills needed and how they will be obtained

Mission statement for your corporation in 21 to 40 words that clearly states your competitive advantage, strategy and tactics

Company description

What industry are you in?

In what state are your registering or do you intend to register?

What is the geographic reach of the organization

Describe your target customer along as many dimensions as you have defined (demographics, geographic, needs, trends)

Define/describe your competition, both direct and indirect

Describe any international competitors who may be able to access your customers. How do you intend to compete against them?

Products/Services

What products/services do you intend to market?

Explain how your product will meet a customer need

Describe the features and benefits of the product/service your business will focus on selling

What, if any, copyrights, trademarks, patents or other intellectual property do you own or expect to own?

Describe your record keeping system, including the software you will use and whether it is specific to your industry

List the types of bank accounts you will need to open for your business

Estimate how much capital you will need and how you will go about obtaining the funds.

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