The Business Plan

Design a detailed business plan for a new product, service, or business venture of your choice. This could be an idea you have been contemplating or a product presently being marketed, but your business plan must reflect the uniqueness of the idea. For example, it might involve the modification of a certain product based on the unique needs of your community or peer group. Follow the business plan outline provided in Table 8.1 of the course textbook. Be sure to include:

Title page

Table of contents

Executive summary

Description of product, service, or business

Description of industry or industry closest to your product or service

Marketing plan

Financial plan

Production plan

Organizational plan

Operational plan

Summary

Appendices (exhibits)

While it is expected that plan components may vary in length, each should contain detail commensurate with its nature and importance.

Submit your answers in a 5- to 6-page Microsoft Word document.