I need a assignment done for week 9 assignment 3 for my New Business Venture and Entrepreneurship

BUSINESS PLAN: NAME OF COMPANY Page 1 of 4

BUSINESS PLAN

COMPANY NAME

CITY, STATE

Prepared by:

DATE

I. Executive Summary

· Write an Overview of up to one page, presenting the key points of the overall Business Plan. Address all sections of the plan in Summary fashion. This should include something from every section.

* Note: Although the Executive Summary is the first section in your business plan, it is the last section you will write. This works best because the Executive Summary provides an overview of your entire Business plan.

II. Company Description

Briefly describe the Start-up company that you propose to create:

· What is the name for your new business?

· When will your start-up business launch?

· What will its mission be?

· How many staff will you need? Provide an Organizational Chart that shows the positions that will need to be filled. Use the Organizational Chart Template in your Assignment 1 Resources.

· How fast do you plan to grow?

· Where is your company based? Where does it or where will it do business?

III. New Product or Service Description

Describe your New Product or Service idea, by answering the prompts below:

· What is new and unique about your product or service?

· What customer needs or desires does it satisfy?

· What is the value proposition – i.e., why would someone buy your product or service? Include key resources and key activities

IV. SWOT Analysis

Explain the Strengths, Weaknesses, Opportunities, and Threats that affect your Business Plan, by answering the prompts below:

· Why is this the right time to implement this new business or venture?

· What is distinctive, disruptive, and/or innovative about your product or service?

· Include a SWOT Analysis. Use either the SWOT Template or the SWOT Worksheet provided in your Assignment 1 Resources.

V. New Business Launch Strategy

· What is the objective in this business proposal with the funding being requested?

· What strategies would be used to meet those objectives?

· In what time frame would these objectives be met?

VI. Business Model

· What legal structure will be used for this business and why? Use the source below to learn about your different business structure options:

· Research Source: https://www.sba.gov/business-guide/launch-your-business/choose-business-structure)

· What licensing or regulations will you need to be aware of to operate your new business?

· What are the key activities needed to launch this business?

· What are the key resources and distribution channels - i.e., how will your customers access your product/service?

VII. Revenue Streams

Represents the cash a company generates from each Customer Segment (costs must be subtracted from revenues to create earnings).

· For what value are our customers really willing to pay?

· For what do they currently pay?

· How are they currently paying?

· How would they prefer to pay?

· How much does each Revenue Stream contribute to overall revenues?

VIII. Financial Structure and Costs

· Summary Income Statement: provide a profit and loss statement summary by year and project the profit and loss data out three years. Use one of the ProForma Spreadsheets or the SCORE Projections Template in your Assignment 2 Resources.

· Provide a narrative describing the numbers in your Summary Income Statement and explain why the numbers are valid.

IX. Growth Strategy

· Describe your strategic position in the market and what differentiates the products or services you plan to sell.

· How you will develop a loyal customer base for the products or services you sell?

· How fast will you grow? Where and how do you believe you can expand your business?

X. Management Team & Key Roles

· Provide a list of the key management roles that will need to be filled.

· For each key role, specify what the requirements for the roles include.

XI. Marketing Your Brand

· Provide a detailed marketing plan. Be sure to include both Promotions Strategy and Marketing Strategy.

· In your plan, show how you will incorporate “The Four Ps of Marketing.” For information on this concept, refer to The Four Ps of Marketing document in your Assignment 3 Resources.

XII. References

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