Before you get started on this assignment, watch the video below for some helpful tips on completing Assignment 5.
Assignment 5: Business Plan â€“ Final
Due Week 10 and worth 150 points
This assignment consists of two sections: your final business plan and your business plan financials. Note: You must submit both sections as separate files for the completion of this assignment.
You have completed all the necessary sections of your business plan and will now create a final draft. Use any/all feedback you have received to polish your plan to the point that you could confidently show it to investors and potential partners or customers.
Refer to the outline of a business plan, beginning on page 399 of the course text. Not all businesses will include all these components in this order, but use the outline as a guide. Specifically, your plan will not require the development, milestones, and exit plan sections of the business plan.
Section 1: Business Plan â€“ Final (MS Word or equivalent)
1. Construct a 10â€“30-page business plan. Note: Twentypages are sufficient for most businesses.
- Write a 1â€“3-page executive summary for your business plan, in which you justify the following:
- A clear and concise business concept
- A thoroughly planned business concept
- A capable management structure
- A clear-cut market need
- Significant competitive advantages for your business
- Realistic financial projections
- That investors have an excellent chance to make money
- A realistic and developed exit plan
Note:Read Chapters 4 and 18 of the course text,Successful Business Plan. Use the plan preparation worksheets on pages 58â€“61 and the sample executive summaries on pages 62â€“66 to help guide you; choose to write either a synopsis summary or a narrative summary and include highlights from each section of your business plan.
2. Combine all the sections stated below and revise your initial business plan draft, which you submitted in Week 8, based on feedback you have received.
- Executive summary
- Company description (Assignment 1)
- Industry analysis and trends (Assignment 1)
- Target market (Assignment 2)
- Competition (Assignment 2)
- Strategic position andrisk assessment (Assignment 1)
- Marketing plan and sales strategy (Assignment 2)
- Operations plan (Assignment 3 Part 1)
- Technology plan (Assignment 3 Part 1)
- Management andorganization (Assignment 3 Part 1)
- Ethics andsocial Responsibility (New â€“ see below)
- The Financials (Week 7 Discussion)
- The financials and the management description must spark enough interest to convince a reader to continue. Enhance the two mentioned sections to appropriately engage the reader.
- The financial section of your business plan will be derived from the previously completed financial worksheets.
Format your assignment according to these formatting requirements:
- Cite the resources you have used to complete the exercise. Note: There is no minimum requirement for the number of resources used in the exercise.
- Be typed, double-spaced, using Times New Roman font (size 12), with 1-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the studentâ€™s name, the professorâ€™s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
Section 2: Business Plan Financials (MS Excel worksheets bundled with course textbook)
- For year one, submit a revised income statement, cash flow projection, and balance sheet from the â€œBusiness Plan Financialsâ€ Excel template based on feedback from Project Deliverable 3: Operations. Technology, and Management Plan with Financial.
The specific course learning outcomes associated with this assignment are as follows:
- Recommend effective business strategies based on an analysis of domestic and global operating environments, market dynamics, and internal capabilities.
- Produce a comprehensive business plan.