Day 83-90

Semester Project Objectives:

  • Start a fictitious business
  • Choose a legal structure for your business
  • Write a business plan.

Assignment SP.1

  1. Evaluate your current hobbies and interests to come up with an idea for a business that you’d like to start.
  2. Establish a name for your business, a product(s) or service(s) you’d offer, and a location(s) where you’d like for your business.
  3. Research the competition that you would have in this niche to determine who you would be competing against for your prospective customers.

Assignment SP.2

  1. Determine what type of ownership you would like to start your business under.
  2. Research the internet to identify forms and paperwork that would need to be completed in the state you would locate.  Download those forms and save them.

Assignment SP.3

  1. Using the data that you collected, create a business plan for your new company that details the following:
    • Title Page
    • Table of Contents
    • Executive Summary
    • Business/Industry Overview
    • Market Analysis and Competition
    • Sales and Marketing Plan
      • Product or Service Offerings
      • Pricing Strategy
      • Sales and Distribution
      • Advertising and Promotion
    • Ownership and Management Plan
      • Ownership Structure
      • Management Team
      • External Resources and Services
      • Human Resources
    • Operating Plan
      • Production
        • Facilities
        • Staffing
        • Equipment
        • Supplies
    • Financial Plan
      • Income Statement
      • Balance Sheet
  2. Utilize this link as an example.