Academic Business plan (1500 words)
Budget: £20 – £250 GBP
ASSIGNMENT QUESTION
Produce a business plan in order to obtain a hypothetical government loan of up to £40,000 that will act as seed capital for your new start up.
You will take on the role of an entrepreneur and demonstrate how you intend to develop a product or service of your choice into a successful business.
The business plan will include: identifying relevant skills your business needs, developing a customer profile and marketing strategy, as well as compiling a cash flow forecast and justifying profit projections.
The plan should be approximately 1,500 words, excluding the mandatory template with guide and title, contents page, job-advertisement, cash-flow & projections, references and appendices.
Key areas for consideration:
• The financial viability of your product or service
• Premises, location and costs, including fixture/fittings and furniture.
• Staffing, leadership and management
• Target market, who are your potential customers, why should they choose you?
• Competitor analysis
• Market research
• Cash flows and projections. Must be realistic and viable
• Pricing strategies
Produce a business plan in order to obtain a hypothetical government loan of up to £40,000 that will act as seed capital for your new start up.
You will take on the role of an entrepreneur and demonstrate how you intend to develop a product or service of your choice into a successful business.
The business plan will include: identifying relevant skills your business needs, developing a customer profile and marketing strategy, as well as compiling a cash flow forecast and justifying profit projections.
The plan should be approximately 1,500 words, excluding the mandatory template with guide and title, contents page, job-advertisement, cash-flow & projections, references and appendices.
Key areas for consideration:
• The financial viability of your product or service
• Premises, location and costs, including fixture/fittings and furniture.
• Staffing, leadership and management
• Target market, who are your potential customers, why should they choose you?
• Competitor analysis
• Market research
• Cash flows and projections. Must be realistic and viable
• Pricing strategies