QUESTION $1$

$1.$PLEASE CREATE A PRODUCT EXAMPLE AND USE THE FOLLOWING BELOW GUIDE:

Develop a business plan

As an entrepreneur you need to explore an innovative idea $($product or service which have not been seen in South Africa$)$Please Come up with something new that is not in the South African market already, it can be something from outside the country to be introduced or improved and implemented.

You can make the product using scrap material or design the products using computer software.

$1\mathrm{.}1$ SECTION A: EXECUTIVE SUMMARY

$1\mathrm{.}2$SECTION B: COMPANY PROFILE$/$ BUSINESS DESCRIPTION

$1\mathrm{.}3$SECTION C: MARKETING PLAN

A$).$ Marketing analysis

B$).$ Environmental analysis

C$).$ Competitive analysis

D$).$ Target market profile

$1\mathrm{.}4$ SECTION D: MARKETING STRATEGY

A$)$ Product$/$ service strategy

B$)$ Pricing strategy

C$)$ Promotion strategy

D$)$ Distribution strategy

$1\mathrm{.}5$ SECTION E: PRODUCTION$/$ OPERATION PLAN

A$).$ Product process$/$ operations

B$).$ Local advantages

C$).$ Capital equipment

D$).$ Personnel

E$).$ Quality control

$1\mathrm{.}6$SECTION F: HUMAN RESOURCE PLAN

A$).$ Board of directors $+$ ownership

B$).$ Organization Chart

C$).$ Professional Support

$1\mathrm{.}7$ SECTION G: FINANCIAL PLAN

A$).$ Cash flow statement

B$).$ Income statement

C$).$ Balance sheet

D$).$ Break$-$even analysis

E$).$ Funding requirements

F$).$ Critical risks