The Final Business Plan includes combined Work Packages (WPs), chronicled as a convincing, well-written and well-researched document. However, the plan shall focus on external influences of the final product/service, with targeted goals suggested to external stakeholders. A checklist shall provide oversight to ensure that all specific sections are provided for an authentic business plan packet.

Specific Requirements

In order to ensure the targeted goals for external stakeholders, the following checklist must be covered in detail:

2. The total business plan should at most consist(excluding attachments with financial projections, etc.).
4. EXECUTIVE SUMMARY
   2. Based on your research, why do you think the business will succeed in the long term?
   4. What do you want to start (or change) in the community in which the business is located?
   6. Based on your research, how much capital is required to start the business?
   8. What is the return on investment (ROI) on the business in the long term?
   10. Based on your research, is your business venture a good risk?
7. BUSINESS DESCRIPTION
   2. What type of business are you planning to set up?
   4. What products or services will you be selling?
   6. What type of opportunity is it (new, part time, expansion, seasonal, year round) for your employees?
   8. What factors shall contribute to the business success?
   10. Based on your research, what is the growth potential of the business?
   12. Based on your research, how is it unique compared to similar businesses?
10. MARKETING
    2. Who are your potential customers?
    4. How large is the market?
    6. Who are your competitors? How are their businesses positioned?
    8. What market share do you anticipate?
    10. How will you price your product or service?
    12. What advertising and promotional strategies will you use?
13. RESEARCH, DESIGN, AND DEVELOPMENT
    2. Have you carefully described your design or development?
    4. What technical assistance have you received?
    6. What research needs do you anticipate?
    8. Are the costs involved in research and design reasonable?
16. MANUFACTURING (If Applicable)
    2. Where will the business be located? Why?
    4. What steps are required to produce your product or service?
    6. What are your needs for production (e.g., facilities and equipment)?
    8. Who will be your suppliers?
    10. What type of transportation is available?
    12. What is the supply of available labor?
    14. What will it cost to produce your product or service?
19. ORGANIZATION
    2. Who will manage the business?
    4. What qualifications do you have?
    6. How many employees will you need? What will they do?
    8. How will you structure your organization?
    10. What are your plans for employee salaries, wages, and benefits?
    12. What consultants and specialists will you need? How will you use them?
    14. What legal form of ownership will you choose? Why?>
    16. What licenses and permits will you need?
22. CRITICAL RISKS
    2. What potential problems could arise?
    4. How likely are they?
    6. How do you plan to manage these potential problems?
25. FINANCIAL
    2. What is your total estimated business income for the first year? Monthly for the first year? Quarterly for the second and third years?
    4. What will it cost you to open the business?
    6. What will your personal monthly financial needs be?
    8. What sales volume will you need in order to make a profit for the first three years?
    10. What will be the break-even point?
    12. What will be your projected assets, liabilities, and net worth on the day before you expect to open?
    14. What are your total financial needs?
    16. What are your potential funding sources? How will you spend it?
    18. How will the loans be secured?
28. MILESTONE SCHEDULE
    2. What timing have you projected for this project?
    4. How have you set your objectives?
    6. Have you set up your deadlines for each stage of your venture?
    8. Is there a relationship between events in this venture?
31.  
    1. Have you included all important documents, drawings, agreements, and references