Write a business proposal plan as you are a UAE student. Include the name of your business idea/name. Your Business Proposal will be assessed on the content and professionalism of your document. Write your business proposal in your own words and cite & reference your sources for the information you have used that come comes from other individuals or publications. Describe the business idea Describe your product/service? Demonstrate what is unique and innovative about the product What value will your product offer? 2. Applying Business Canvas Model Who are your key partners? What is your funding structure?- (i.e. how will you raise money to start the new venture (i.e. investor money, loans, grants, family and friends) What is your cost structure? - (i.e. what costs do you expect for starting and running your business)? What is your revenue structure (i.e. how will you generate money) 3. Industry Analysis Briefly describe the industry in which you will operate Analyze industry trends and assess potential growth Analyze the industry competitors and how they operate. Analyze how your product will be unique and innovative Describe your potential target customers and their needs Analyze the market size Analyze your competitors and how they operate Describe the strategy that you will use to compete in the market 5. Miles Stones Identify key milestones and the timeframe to complete each milestone. Describe how you will evaluate progress in achieving the milestones. Identify any 4 risks that you may face in achieving the milestones Describe your contingency plan on how to deal with each risk identified