solved BADM475 Small Business Mgmt. & Entrepreneurship // UNIT4 Discussion Board:

BADM475 Small Business Mgmt. & Entrepreneurship // UNIT4 Discussion Board: Business Plan Key Assignment Draft (I will provide the business type, name of the company, location and an assignment template)Write a detailed outline (like the one below) of your business plan. Organization is important. Outlines will vary based on the type of venture. A basic outline of the proposed business plan would include the following: Cover Page Name of the business Address and phone number Issue date of plan Table of Contents Executive Summary Company information Market opportunity Financial data Company Background Business form Reason for the firm’s establishment Environmental Analysis Economic Competitive Legal Political Cultural Technological Products or Services Different from those currently on the market Other uses for the product Drawings or photos, if appropriate Patents or trademarks Competitive advantage Potential for growth Manage the product or service through the product life cycle Expand the product line or develop related products Management Team Technical skills Business skills Experience Compensation Training Professional assistance Time Line Outline interrelationship and timing of major events planned for your venture Timing of objectives should be realistic and attainable Benefits to the Community Economic development Community development Human development Exit Strategy (How and how long before you and your investors will exit the business and get back your investments?) Who will succeed you in the business? Will the business be sold? Financial Plan Sources and uses of capital (initial and projected) 3-year projections of: Cash flow statements Balance sheets Profit and loss statements Breakeven analysis Conclusions and important points: Discussion of how much equity and how much debt are included Highest amount of cash needed Expected payback period for loans