FOR KIM WOODS ONLY 13
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PartialBusinessPlan_Revised.pptxPartial Business Plan
You will prepare and submit an APA formatted partial business plan on an instructor approved topic. A partial business plan is a blue print for business success. If a business does not have a plan in place, there is no control.
Do not include a financial data section.
Do not copy a business plan from an existing company.
The purpose of this partial business plan is to emphasize important concepts within MGMT 390.
Introduction
Partial Business Plan
Please click on the buttons below to learn about the format and mandatory components for your Partial Business Plan.
Format
Mandatory Components
Your Partial Business Plan must be at least 12 pages and consist of:
Reference page (current APA standards)
Minimum 10 pages
Title Page
Format
Mandatory Components
Business License Research and Cost
Employment Law and Requirements
Click next to continue or select one of the options listed to navigate to that section.
5
Present and describe the items you will use to address the concerns of your business plan.
Set the stage for the framework that will become your business plan.
Introduction
Provide a description of the business
the product or services
Location
any other facts you want to report.
Type of Business
Pick any form of business except a sole proprietorship.
Why have you selected this form of business?
What are the advantages and disadvantages of this legal form?
Specify types of officers and duties.
Review your state’s Secretary of State Website for information on the legal form of business.
Consider costs associated with that business form.
If you are not in the United States, choose your home state.
Legal Form of Business
Expand upon the information you stated under the legal form of business.
Describe any government laws or requirements that pertain to your business.
Describe any zoning requirements for the business.
Is a home based business appropriate?
Are there any restrictions such as zoning, safety, environmental, or other requirements that must be considered?
Legal Setting of Business
Describe the property or location of your business. Why was this location picked?
Have you considered transportation, ease of customer access, and utilities at this location?
Location Requirements
Describe the business license and/or permit requirements for the location where you will be doing business.
Check the city and/or county websites for business license requirements and the costs for the business license.
Business License Research and Cost
Describe the types of insurance that may be required for operating this type of business.
Is bonding required?
If you have employees, describe the mandatory types of insurance to consider.
Insurance Requirements
Describe any intellectual property that your business may own or create.
Consider trademarks, copyrights, design specifications, patents, and logos.
Proprietary Rights
If you have employees or will have employees, describe any employee laws and regulations you must comply with.
Describe your decision for employees vs. independent contractors.
Reviews IRS.gov for guidance on mandatory taxes.
Employment Law and Requirements
For outsourcing, what types of pricing arrangements are you considering? Contract pricing arrangement examples are: firm fixed price, fixed price with economic price adjustment (EPA), etc.
For other types of contracts, are you considering labor, time and materials, or multiyear-type?
Support your contract types with justification. Why are you planning on using these purchase orders and/or contracts?
Purchase Orders and Contracts
Describe the types of torts and crimes relating to your business that you will have to protect from damages and disputes.
Torts and Crime Protection
Describe any company property that may be necessary for startup and planned for business operation.
equipment, computer systems, or building requirements
Do you plan of leasing, renting, or buying any business property? Please support your decision.
Property and Requirements
As we have learned in this course, the Uniform Commercial Code (UCC) governs many types of business requirements contracts for lease or sale of goods:
Transactions
Fraud
passing of title
Describe how you plan to comply with the UCC for your business.
UCC Considerations
risk of loss
and other requirements.
Describe any other requirements you have learned in this course that need to be considered in starting, operating, and eventually closing your business.
Other Considerations
Your conclusion should summarize the main concepts addressed in this paper.
Restate the blueprint for your businesses’ success.
Restate important ideas and recap your findings.
Conclusion
