This assignment will assess the following course objectives: 1) Evaluate the feasibility of small business ideas; 2

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This assignment will assess the following course objectives:

1) Evaluate the feasibility of small business ideas;

2. Analyze ethical and legal dilemmas of entrepreneurship;

3. Prepare basic financial plan cash-flow revenue and expenses; 4. Formulate strategies for management; and

5. Create small business plan.

For this assignment you will be required to create business plan for an existing small business,

The goal of the business plan will be to make improvements with respect to the strategic planning, change/risk management, and financial planning of the business.

First, you must identify an existing small business to use for the project or a new business you wish to start.. A 'small business' is one that employs fewer than 50 people. After you've selected the business to use for the plan, begin research so you can create small business plan that is geared towards making improvements in the business.

The business plan that you create should have a dedicated section for each of the following issues:

? Executive Summary

o While this should be the first section of your plan, it is usually written last. This

section provides an overview of the business as it is now and what its goals are

for the future. (10 Marks) ? Business Description

o This section describes the business and identifies its location(s) and types of products or services that it sells. (10 Marks)

? Mission and Vision of the Business

o The mission statement explains the company's current objectives and its overall

purpose. The vision statement discusses where the company sees itself heading

in the future. (5 Marks) ? Market, Products, and Services

o This section discusses the analysis and selection of the target market(s), as well as the products or services to be sold. (10 Marks)

 ? Organization and Management

o In this section, you should address the legal structure of the business, the

organizational chart, responsibilities of key persons in the management of the

company, and any licenses or permits that are required for operation. (10 Marks) ? Marketing & Sales Strategy

o In this section, you should give details of the strategy to market and sell the products and services, using the 4P's of the marketing mix.

? Financial Management (10 Marks)

o This section should use research-based estimates to create projected income

statement, and a projected cash flow statement. Any ideas for securing additional capital should also be included in this section. (10 Marks)