solved In this assignment, you will continue your research and planning

In this assignment, you will continue your research and planning to design and implement a new
product or service. Based on the innovative “big idea” and the vision that you developed in
Assignment 1, you will now write a Launch Plan, in which you describe your launch strategy,
business model, and financial plan.
INSTRUCTIONS
Write a Launch Plan Paper of no fewer than 4 pages. In this second assignment, you will
complete the middle four sections of your Business Plan: Sections V, VI, VII and VIII in the
template.
You will follow ONE of the three Options below, depending whether you are planning your new
venture as an Intrapreneur, Entrepreneur, or Nonprofit Leader. Make sure you work with the
template that matches your chosen Option.Option B – ENTREPRENEUR
NEW BUSINESS LAUNCH STRATEGYWhat objectives will you achieve if you get your funding?What strategies would be used to meet those objectives? In what time frame would these objectives be met?JWI 575 – Assignment 2What 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-yourbusiness/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?
REVENUE STREAMS
Represents the cash a company generates from each Customer Segment (costs must be
subtracted from revenues to create earnings). For what do customers currently pay? (i.e., what are they buying from your
competition?) How are customers currently paying? (i.e., subscriptions, contracts, cash)
o What are your revenue streams? (products, services, subscriptions) How much does each Revenue Stream contribute to overall revenues?
(these will be the numbers that go into your income statement)
FINANCIAL STRUCTURE and COSTSSummary 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.https://www.sba.gov/business-guide/launch-your-bus…