solved ScenarioAfter working for some time in various communication roles at

ScenarioAfter working for some time in various communication roles at a few different organizations, you have decided you would like to become an independent communications contractor, which would provide you the opportunity to focus your professional energy on your strengths and interests. This new business venture will be a significant undertaking, and to help provide a foundation to start from, you have decided you need to develop a business plan outline to guide your future work, as well as a business pitch that will help you begin thinking about how you would approach a business plan in the future.Your business plan outline will help you define how you will incorporate successful business practices as you begin your entrepreneurial journey, while your business pitch will serve as a way to market yourself and your new business venture to potential investors. To best suit your needs and the needs of your audience, you will want to ensure that both deliverables are concise and brief, as the business plan you develop at a later date will be more detailed.DirectionsPart 1: Business Plan Outline: To identify the effective key business practices that you will apply in your new business venture, you will create an outline of a business plan. This outline will help provide the foundation for your business to grow as well as serve as a springboard for the creation of a full business plan.Describe your communication strengths and your professional brand:How will these influence your business?What will the professional niche be for your new business?Brainstorm how you will address business practices used by entrepreneurial communication professionals. For example:What promotional strategies will you use to acquire clients?What key communication skills and tools might you need to develop your business?What are common start-up costs for a new business, and how will you plan for them?What are additional key considerations you will need to incorporate into a business plan?Part 2: Business Pitch: To clarify your vision and understanding of business practices in a succinct way, you need to develop a business pitch that will outline key considerations of your new venture. This pitch will be provided to potential investors to gauge interest and collect feedback. To develop your pitch, you will need to complete the following using your business plan outline:Develop a concise business pitch that addresses your brainstormed business practices used by entrepreneurial communication professionals. Make sure to consider the following as you develop your pitch:What are the key pieces of information from your business plan outline that your audience needs to know before you begin your business plan?How can you align your pitch to your professional brand?How should your pitch be delivered (e.g., a video, an audio recording, a written work) to have the strongest impact on potential investors?What to Submit For this project, you must submit the following:Business Plan OutlineCreate a 500- to 750-word business plan outline that identifies and briefly describes key business practices you will incorporate into a future business plan. Potential deliverables could include the following:Word documentSlideshowInfographicPitch for New BusinessDevelop a broad but concise overview of the key business practices you will incorporate into a future business plan. Possible deliverables include the following:A 500- to 750-word document