You are required to write a Business Plan Report and you are advised to follow the below-given outline.

Product/service idea Business Plan Report (40%)

Our company is about to sell and service hydraulic components make are supplied by the local company.

To make the best impression, a business plan should follow a convention structure, such as the outline shown below.

Cover page

Table of contents

1. Executive Summary (10 marks)

A succinct highlight of the overall plan- includes ownership structure, business address, product/service, the management team, and strategy and strengths.

2. Industry Analysis (10 marks)

An overview of the industry, including consideration of the competition, industry trends, and regulatory bodies.

3. Definition of the Business (5 marks)

Explanation of the business concept, the current offering, and the projected growth.

4. Purpose of the Business Plan (5 marks)

The dominant reason for the preparation of the business plan.

5. Business Feasibility (5 marks)

Analysis of the demand (include highlights of the findings of the market feasibility study), risk (include business and market risks), environmental impact.

6. Justification of the Business (5 marks)

Economic, social, and personal benefits.

7. Organisation and Management (10 marks)

Vision and mission statement, corporate goals, managerial competence, organization structure, and organization chart.

8. Operational Considerations (15 marks)

Location, technical requirements (explain key business processes), equipment required (state whether it is a manufacturing or retail business), suppliers of raw materials, utilities, opening hours, etc.

9. Marketing Arrangements (10 marks)

Target market, the definition of the product or service, pricing, distribution, and promotion.

10. Financial Consideration (15 marks)

Source of financing, capital cost, pre-operating expenses, working capital requirements, cash budget over three years (estimation of the cash inflows and outflows).