Develop a business plan by reflecting on work you have done

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Reference no: EM13800071

Business Plan

The final Business Plan is due on the last day of class. Develop your 8-10 page Business Plan by reflecting on the work you have done in all of your entrepreneurship courses. Material from BUS 433 and BUS 435 will provide a strong foundation for the final plan in addition to the weekly assignments you have completed in this course. Incorporate at least 6 resources, 3 from the Ashford Online Library.

Focus of the Business Plan

1. Executive Summary:

a. A page of plan highlights

2. Company Description:

a. What business will you be in? What will you do? Describe the following elements:

- Mission Statement

- Company Goals and Objectives

- Business Philosophy

- Legal form of ownership

3. Product or Service:

a. Describe your product or service and the benefits it will provide for customers

- Describe the industry and how you will position your company

4. Market Analysis:

- To whom will you market your products?

- Describe pricing, promotion, distribution and forecasts for your product/service

5. Strategy and Implementation:

- Describe your most important company competitive strengths and core competencies.

- Develop an operations flow diagram to show the key steps in the production of a product or the delivery of a service

6. Management Team:

- What background experience, skills, and strengths do you personally bring to this new venture?

- Who are the key members of the team? What strengths do they bring to the venture?

- What outside assistance will you have (board of directors, board of advisors, etc?) Be specific.

7. Financial Plan:

a. Include material on the following:

- Source and use of funds sheet (how much money a firm needs, how it will raise money, and what the money will be used for)

- Assumptions sheet (explanation of the most critical assumptions that your financial statements are based on)

- Pro Forma Income Statement

- Balance Sheet

- Cash Flow Statement

- Appendices (any supporting documentation).

Reference no: EM13800071

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