You will be creating a business plan for a small business. You can begin your research for the project by looking at the information on theSmall Business Administration Web site.
Decide what business you will be starting, which organizational style will be best for your business, and what various funding sources are available to you. Document your initial thoughts on funding, knowing that this might change as the course progresses.
Choose a business that manufactures a product in some quantity such as furniture, toys, or small appliances such as toasters, telephones, or electronics. The business cannot be a home-based business or a service-based business. If you are having trouble deciding on a business, you may use a business that manufactures the newest technology in handheld computing devices.
As you progress through the project, you should document all resources used while starting your business. For example, the Small Business Administration is a good resource and most states have resources for small business owners.
For this week, you need to document at least 3 resources, including the SBA Web site, which you used to complete the assignment. List the resources and explain briefly how they were useful to you in your research.
Name your document SU_FIN4055_W1_A3_Part1_LastName_FirstInitial
- By Tuesday, May 31, 2016, address the issues for the Business Plan Project, Week 1 outlined in Part Two, using an MS Word document, and submit your document to the W1: Assignment 3 Dropbox. Use good form, and cite all sources using APA format.
Name your document SU_FIN4055_W1_A3_Part2_LastName_FirstInitial
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Grading Criteria
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Maximum Points
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Correctly calculated the number of units sold needed to break even; showed calculations and conclusions
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5
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Correctly calculated the breakeven point in dollars; showed calculations and conclusions
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5
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Correctly identified the number of units that must be sold to reach the target profit level; showed calculations and conclusions
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5
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Explained thoroughly how breakeven analysis can be useful when starting a small business, or for an existing small business
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5
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Selected an organizational style and justified the decision
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5
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Provided an initial thought on funding sources. This need not be fully documented and supported
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10
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Documented at least 3 resources used to develop the plan this week and communicated how they were helpful
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10
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Presented a structured report free of spelling and grammatical errors and cited sources in APA format when necessary
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5
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Total:
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50
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You will be creating a business plan for a small business. You can begin your research for the project by looking at the information on the Small Business Administration Web site. Decide what business