Business Plan


At this point of the course we will be beginning to learn about the business plan. So far in this course we have covered the concepts of what comprises a business, the ownership concepts and forms of a business and the fact that the world of business is now a global one. As we progress through the course, we will be covering the different components of the business plan. You can begin now to start identifying your business concept and referring to pages 94-96 in the textbook to identify the twelve parts of your business plan.

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The business plan project represents a culmination of what you’ve learned in this class. It is worth 20 % of your final grade. The project will be to create your own business, the first thing all well run businesses have are a good business plan. So, you will begin by conceptualizing about your business and creating its business plan.

The final project will be a paper about your business. The paper should be a minimum of 12 pages in length, typed, and double spaced, and all references should be cited. One of the pages should be a cover page, which states the title of your project, your name, and the CRN number of our course. You may insert pictures, clip art, graphics, or charts into your paper, but only if they further illustrate what you’re writing about.

Here are the sections you will need to cover in your paper, in the following order:

Your business plan should include the following 12 components:

Executive summary
Benefits to the community
Company and industry
Management team
Manufacturing and operations plan
Labor force
Marketing plan
Financial plan
Exit strategy
Critical risks and assumptions

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