Students will work as a group, brainstorm and research your idea for a business, then design and write a business plan (proposal) containing the following information:
Executive summary
· Company description and registration (legal and website)
(e.g. company name, logo/brand name, what you do, what differentiates your business from others, the markets your business serves, ), business licenses, employer identification number (EIN), business licenses and permits
· Complete description of products/services that will be sold
(e.g. what do you sell, how does it benefit your customers, what is product life cycle, )
· Market analysis
(e.g. research your business industry, market and competitors, target market, SWOT, )
· Organization & Management
(e.g. company structure, organization chart, estimation of number of employees, employees job description, )
· Marketing & Sales
(e.g. plan to market your business, sales strategy, marketing budget, )
· Advertising method (Web advertisement/location,..)
Creating your Online Store, how to advertise via social media (cost, ), market your store,
· Suppliers analysis
· Funding request
(e.g. where to request the funding and what documents needed to prepare,…)
· Financial projection
(e.g. project short and long term plan 3-5 years, incomes/expenses, breakeven point, )
· Funding request
(e.g. where to request the funding and what documents needed to prepare,…)
· Appendix (optional)
The final product will be 15-20 pages Words document (double space, TN 12), excluding cover page, table of contents, and appendix.
Suggested website
· U.S. Small Business Administration, starting and managing business
https://www.sba.gov/starting-managing-business
· Example of business plan
To find company profiles, industry profiles, SWOT analysis, market report, product report)
· How to start an ecommerce business from scratch
· 10 Proven Ecommerce maketing strategies to surge growth
· Ecommerce business blueprint
https://www.shopify.com/blog/ecommerce-business-blueprint
Video clips on set-up a business:
1. How to write a business plan to start your own business (length – 8:49 minutes) URL link – https://www.youtube.com/watch?v=Fqch5OrUPvA
2. How to write a business plan in 2020 (length – 12:23 minutes)
URL link – https://www.youtube.com/watch?v=JZPiJAuOSMc
Suggested good video clips on businessman:
1. Jack Ma – Only successful people realize this: top 10 rules (length: 18:42 minutes)
URL link – https://www.youtube.com/watch?v=JrsIhrv0nxQ
2. Steve Jobs’ 2005 Stanford Commencement Address (lenght: 15:04 minutes)
URL link – https://www.youtube.com/watch?v=UF8uR6Z6KLc&t=22s
3. Steve Jobs’ last words (lenght : 4:34 minutes)
URL link – https://www.youtube.com/watch?v=9y6Dg7pXfmw
U need to work on the fields marked in yellow. The topic and some details are given below. The total pages must be 4 in number. No need of any kind of formats. I only needed quality paper and no plagiarism.
The company considered is a paper manufacturing company and the location decided is Texas because of less taxes and incentives.
