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Justify expenditure for running the event, equipment and running costs

Aim: To research and convey your business idea in report form to convince your board of directors of your organization/ or potential investors. Task: Once you have chosen a business idea you need to write an individual business plan. There is no set format for this but it typically should: • A short format business plan, containing clear objectives, strategy, action programmes and financial projections (TWO YEARS’ Profit & Loss monthly, ditto CASH FLOW quarterly and a clearly worked out break-even calculation, plus a CAPITAL REQUIREMENTS PLAN showing main capital purchases and also clearly identifying sources of finance). • Clearly describe the product/service and its unique selling proposition (USP) • Justify its uniqueness through a preliminary data search and competitor analysis • Determine market attractiveness e.g. market size and potential growth through identification of potential customers, market trends • Determine business strategy with a clear route to commercialisation e.g. technical development, licensing of intellectual property, marketing and implementing • Identify potential risks and how they will be managed • Justify expenditure for running the event, equipment and running costs • Describe key operational requirements e.g. premises, IT and management systems, quality requirements • Demonstrate credibility of management team • Demonstrate financial rewards and loan requirements for potential investors Place this order with us and get 18% discount now! to earn your discount enter this code: special18 If you need assistance chat with us now by clicking the live chat button.

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