Overview

For this project, you are be tasked with completing and submitting a business plan. 

Begin to think about a business idea on which you can base your plan. The business that you choose should be a small business The small business that you choose can be a fictitious business, an actual small business with which you are familiar, or a franchise opportunity that you would like to explore.

The business can be based on a product or a service.

Create a business plan for a chosen company. The final product represents an authentic demonstration of competency, because it requires you to bring together the concepts covered in this course and apply them in a specific and practical way.

Main Elements

You will create a business plan based on the following guidelines.

  1. The business that you choose should be a small business that is a fictitious business that you will propose, an actual small business with which you are familiar, or a franchise opportunity that you would like to explore.
  2. The business can be based on a product or a service.

Part 1) Project Proposal and Company Information

Business Plan: Project Proposal and Company Information, the format should be:

•A brief proposal of your business. The business that you choose should be: 

   a)  a small business, AND

   b)  a fictitious business that you will propose, 

OR

    c) an actual small business with which you are familiar, OR it could be

   d) a franchise opportunity that you would like to explore. 

•The business can be based on a:

    a) product, OR a 

    b) service

•The proposal should be a paragraph or two addressing the items above.

•Your paragraph should also describe your business and the product or service you will sell. Describe the background of your company. How did you select your products or services that will be offered? How does your company satisfy customer needs? Share learning that occurred in this decision-process. Were there setbacks or obstacles to overcome?

•Finally, include the type of ownership you’ve chosen for your business, and why.

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