Reference no: EM132869748
Make a business plan and use all the points to answer it. You can choose any relevant type of business
1. Description of your Business
a. Substantiate it from your business proposal by providing more data, charts, or appendices.
b. Provide the form of business organization you intend to make and the rationale behind it.
2. Industry and Market Analysis
a. An analysis of the industry including the growth rate and the number of new entrants (Refer Porter's Five Force Model)
b. An analysis of the market and an estimation of the size of the market for your business.
c. Based on data available with Statistics Canada, the Local Chamber of Commerce, and other sources.
3. Marketing Mix
a. Brief analysis on the product (perceived advantage of the offering), place (choice of distribution), price (at the market, below market, or above market pricing), and promotion (advertising & sales promotion)
4. Operations:
a. Outline requirements for production (location, machine, infrastructure, hardware, software, etc.)
5. Human Resource:
a. Number of people required, and their skill set and qualifications.
6. Financial Projections
a. A projected cash flow statement for the first 12 months showing costs and revenue.