Business Plan Exploration Report

You will conduct a business plan exploration of a product or service. This report will address the business environment and relevant management, finance and marketing issues related to developing a product or service business plan. Business majors can use this as an opportunity to research the viability of a business idea for BA 499 – Capstone – Develop a Business Plan.

The final report must be APA style using appropriate section headings, be at least 10 pages in length, must not exceed 15 pages. Include whatever elements you think are necessary, including, but not limited to the following elements: I already started this Business Plan You need to finish the last part of this paper which include: Start up cost, Pricing for product or service, Recommendations, Appendix. Add APA references for each part if needed please use references that are related to what you write and do not use references from out of the country. Be sure you do not plagiarize as well.

·       An executive summary

·       Introduction (product or service)

·       Graphic images

·       Evaluation of market (size, demographics, socioeconomic state, urban/rural, etc.)

·       Competition in the market

·       Legal considerations

·       Methods for marketing

·       Labor climate

·       Start up costs

·       Pricing for product or service

·       Recommendations

·       References

·       Appendix

Resources:

Use the following questions and resources to help you research and write your report.

·       What are the start-up costs? 

·       What are the operating costs? 

·       What is the break-even point and when will it occur? 

·       Can you complete a pro forma financial statement?

·       Do you have what it takes? (self-study)

·       Do you have the ability to borrow money? Collateral? Equity? Credit? 

·       And, here are a few website links with information about starting or running a small business: 

https://www.smallbusiness.wa.gov.au/business-topics/

https://www.sba.gov/tools/sba-learning-center/search/training

http://store.msuextension.org/publications/BusinessandCommunities/MT199510HR.pdf