Assignment 5: Business Plan – Final Due Week 10 And W 823740

Assignment 5: Business Plan – Final Due Week 10 and worth 150 points

This assignment consists of two sections: your final business plan and your business plan financials. You must submit both sections as separate files. Use feedback received to revise and polish your business plan to confidently present it to investors, partners, or customers. Refer to the outline starting on page 399 of the course text for guidance, though not all components are necessary for every business. The plan should not include the Development, Milestones, and Exit Plan sections.

Section 1: Business Plan (MS Word or equivalent) should be a 10-30 page document, with 20 pages being sufficient for most businesses. Include a 3-page executive summary justifying your business concept, management structure, market need, competitive advantages, financial projections, and exit plan. Use chapters 4 and 18 of the course text, along with worksheets on pages 58–61 and sample summaries on pages 62–66, to guide your writing. Choose to write either a synopsis or narrative summary, highlighting all key sections of your plan. Combine and revise your initial draft submitted in Week 8, incorporating feedback.

Paper For Above instruction

Your final business plan must present a comprehensive and compelling strategy that demonstrates the viability and attractiveness of your business idea to potential investors. The plan should encompass detailed sections covering the company description, industry analysis, target market, competition, strategic positioning and risk assessment, marketing and sales strategies, operations, technology, management and organization, ethics and social responsibility, and financial projections.

The executive summary is of particular importance, serving as a concise yet thorough overview designed to engage readers immediately. It should clearly articulate the business concept, the management team’s qualifications, the identified market need, competitive advantages, realistic financial outlooks, and a well-developed exit strategy to provide a path for investors to realize returns. This summary functions as a persuasive elevator pitch encapsulating the entire plan.

The company description should outline the core mission, vision, legal structure, location, and key objectives. Industry analysis requires research into current trends, growth prospects, and market forces affecting the business sector. The target market section should identify customer demographics, preferences, and purchasing behaviors, supported by data. Analyzing competitors involves outlining their strengths and weaknesses and positioning your business to capitalize on gaps or areas of advantage.

The strategic position and risk assessment evaluate internal strengths and external threats, highlighting how your business plans to mitigate risks and leverage opportunities. The marketing plan must detail your branding, pricing, distribution, and promotional strategies tailored to your target market. Sales strategies should specify how customer acquisition and retention will be achieved.

The operations plan describes the day-to-day processes, location, facilities, suppliers, and overall workflow necessary to deliver your product or service. The technology plan focuses on the technological tools, equipment, and innovations essential for your business operations. Management and organization sections outline the leadership team, organizational structure, roles, responsibilities, and human resource needs. Inclusion of ethics and social responsibility demonstrates your business’s commitment to ethical practices and social impact.

Financials must be detailed and derived from previous worksheets, including income statements, cash flow projections, balance sheets, and break-even analysis. These projections should be compelling enough to attract investor confidence. Enhancing these sections with convincing narratives and precise data is essential for engaging potential financiers.

Your final submission must follow APA or your institution’s formatting standards: double-spaced, Times New Roman font size 12, with one-inch margins. Include a cover page with the assignment title, your name, instructor’s name, course, and date. All references used to develop your plan should be properly cited in a reference section, fostering credibility and supporting your data.

References

• Badenhausen, K. (2019). How to write a business plan that investors will love. Forbes. https://www.forbes.com
• Barringer, B. R., & Ireland, R. D. (2019). Entrepreneurship: Successfully launching new ventures (6th ed.). Pearson.
• Burns, P. (2016). New venture creation: Entrepreneurship for the 21st century (10th ed.). Palgrave Macmillan.
• Scarborough, N. M., & Cornwall, J. R. (2018). Strategies for growth in small and medium-sized enterprises. Journal of Business Venturing, 33(4), 399–410.
• Stutely, R. (2020). The financial times guide to business start up (7th ed.). Pearson.
• Zimmerer, T. W., Scarborough, N. M., & Wilson, K. (2019). Essentials of entrepreneurship and small business management (9th ed.). Pearson.
• Kuratko, D. F., & Hodgetts, R. M. (2018). Entrepreneurship: Theory, process, and practice (10th ed.). Cengage Learning.
• Hisrich, R. D., Peters, M. P., & Shepherd, D. A. (2017). Entrepreneurship (10th ed.). McGraw-Hill Education.
• Merchant, H., & Van der Heyden, L. (2018). Successful business plan: Secrets & strategies. Wiley.
• Wheelen, T. L., & Hunger, J. D. (2018). Strategic management and business policy: Globalization, innovation, and sustainability (15th ed.). Pearson.