Discuss the importance of a Business Plan to the success of a small business.
Discuss the importance of a Business Plan to the success of a small business.
Be sure to include a Title page, a Reference page, and in-text citations.
This case study requires you to apply the knowledge you have gained from Units 1-4.
The Business Plan:
In an essay of no less than 1,500 words, address the following questions:
Discuss the importance of a Business Plan to the success of a small business.
Using the Business Plan Format in Chapter 5 of your textbook, identify, and briefly describe, the 14 elements different components of a business plan, utilizing headings for each element, with a description of the element beneath it.
You should provide a listing of the elements of your Business Plan using the element as a heading; for example; a heading of “Executive Summary” with a description of what is included in the executive summary of a Business Plan.
Using a fictitious or real-life business in the industry of your choice, develop the Business and Industry Profile and the Competitor Analysis elements of your Business Plan as if you were completing them in a real-life business plan. Make sure that you identify the name of your firm (be it real or fictitious) and the type of industry in which it is operating.
When you complete the “Business and Industry Profile” and “Competitor Analysis” elements, provide a mock-up of what a Business and Industry Profile and a Competitor Analysis might look like for either a fictitious company or a real-life company of your choice.
The expectation is that 100% of your exam is written by you; you’re free to use whatever resources you want (excluding those that are not considered scholarly, such as Wikipedia or blogs), but these must be paraphrased and properly cited using APA standards. Avoid the use of quotations. Copying and pasting and information from the internet, even if cited, may result in an F for the entire exam!
Submit a Microsoft Word document.
Resource(s)
Scarborough, N. M. (2019). Essentials of entrepreneurship and small business management (9th ed.). Upper Saddle River, NJ: Pearson. ISBN 13: 9780136879664
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