------------------------------------------------- CHAPTER 8: BUSINESS PLAN WHAT IS THE BUSINESS PLAN? The business plan is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting a new venture. It is often an integration of functional plans such as marketing, finance, manufacturing, and human resources. It also addresses both short-term and long-term decision making for the first 3 years of operation. Thus, the business plan – or as
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BUSINESS PLAN OF NEW VENTURE 1.What is a Busines Plan? * A written document that serves as a blueprint and guide for a proposed business project that one intends to undertake; 2. What are the purposes of a Business Plan? * To allow the entrepreneurs to view and evaluate the proposed business venture in an objective, critical and practical manner; * To analyse and evaluate the viability of a proposed venture * As a guideline for managing the business * To allocate business
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The new venture that I will be launching is an all-natural mobile dog treat bakery. The first person I would hire is a chief financial officer. This person will have to be very knowledgeable and have 20 plus years working as a financial officer. I would also like this person to be a certified accountant as well. This will allow one person to manage the finances of Yum Yum Doggy Treats. As my venture will be family owned and operated. This person will have to have deep values of faith and family
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Creating a Business Plan Harvard Business Press Boston, Massachusetts ISBN-13: 978-1-4221-6687-1 Creating a Business Plan Pocket Mentor Series The Pocket Mentor Series offers immediate solutions to common challenges managers face on the job every day. Each book in the series is packed with handy tools, self-tests, and real-life examples to help you identify your strengths and weaknesses and hone critical skills. Whether you’re at your desk, in a meeting, or on the road, these portable
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Are Entrepreneurs Born or Bred? Academics currently debate whether entrepreneurs are born or do they develop with the help of their environment. It is a big debate today and the reason is simple. Governments and think tanks today are struggling with this question because entrepreneurial creativity and innovation leads to a phenomenon at the centre of any economic theory - job creation. Governments want to know whether entrepreneurs can be trained and if they can, what can the government do to advance
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Each group will choose an industry and develop a business plan for a small business in this industry. The business plan should reflect the material given to and presented to individuals – angels, private equity or venture capitalists – interested in investing in your new venture. The emphasis of the business plan will be on the financials. Use industry average ratios and other data to develop 3 – 5 years of pro forma financials. Each group must have a unique industry. So, email me as soon as you
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relevant questions that the people reading this plan will most likely ask. Generally, a business plan has the following components: A. Title page and contents B. Executive summary C. Business description D. Business environment analysis E. SWOT analysis F. Description of the product or service G. Market analysis H. Marketing plan I. Competitive analysis J. Operations and management K. Financial components L. Supporting documents – attachments and
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Assume you are the project manager for a new business venture. This venture will require financing, but once completed, will generate revenue and, eventually, a profit over cost. For CP-1, you are to write a Project Proposal with enough detail to convince investors to finance your idea. This Project Proposal will require detailed cost and revenue estimates and a credible schedule to win investor support. Select a venture of personal interest. Read the Proposal Requirements below to help you select
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INDIVIDUAL PROJECT: Microsoft 1. Description of Company a. Organizational Description – Microsoft is a computer company based out of Washington. Since the launched in 1975, the company has grown to be the leading software organization in the world, providing services to Fortune 500 companies, predominate universities, and in the homes of millions of citizens. Microsoft is responsible for the creation of every day uses for us today, such as operating systems, graphical user interfaces
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management services. Macquarie Group Limited is listed in Australia (ASX:MQG) Both companies have subsidiaries and associated entities. The three disclosures that will be discussed and compared are 1) Foreign Currency transactions – AASB 121 2) Joint Ventures AASB 131 3) Segment Reporting AASB 114 Foreign Currency transactions AASB 121 governs foreign currency transactions. The disclosure requirements are: 1) Method used in translating the accounts of foreign operations, 2) Net foreign exchange
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