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In this assignment you or in your group (no more than 3 in a group) will produce a professional business plan and present your idea for a business to a business panel.
You / or each member of the group must present and be prepared to answer individual questions which will form part of the assessment.. You are required to sell your business plan as if seeking investment.
The business plan must include the following topics within the plan; please work to a plan template .
Executive Summary
Business Description including USP aims and objectives
Target Audience and Market Research supporting the idea & Competitor Analysis
Pricing and Marketing Strategy
Financial Costs including Cashflow Forecast
Company Structure & Team including Skills and Experience
Legal Requirements
Preferably please use the business plan supplied by Nick Olive. The business plan can also be completed using the professional templates available from High Street Banks/ or Small Business Start Up websites if you prefer.
You must complete all sections including the financial documents especially a (Cashflow forecast). It is important that you complete a competitor analysis within the plan and any secondary data used in your research must be referenced.
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