The Business Plan and Model should ideally be typed 3 – 5 pages, 1.5 line-spaced, 12-font Times Roman.
Select a business name or if you already own a business, provide the following: Name and the city and state in which you operate or will operate. Also, specify whether your business is one of the following:
a. Sole Proprietorship
b. Partnership or
c. A Corporation
Write a Business Plan including the following: Executive Summary, Objectives, Mission, Vision Statement, Keys to success, Company Summary, Company Ownership, Products or Services, Competitive Comparison, Market Analysis, Market Needs, Management Summary, Organizational Structure, Personnel Plan, Financial Plan, Projected Cash Flow, Project Balance Sheet.
Create a Business Model. Consider whether your business is any of the following: Direct Sales, Franchise, Advertising- based or Brick and Mortar. Identify the following elements of your business:
a. The specific business audience
b. Establish key Activities
c. List Business Resources
d. Determine Key Business Partners/Stakeholders
e. Develop a distribution Channel
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