This project will focus on using the key elements of a business plan discussed in this unit to develop a business plan for your “Business Venture.” The key elements to include are:

1. Executive Summary
2. Market Analysis
3. Business Description and Vision
4. Organization and Management
5. Marketing and Sales Strategy
6. Description of Products and Services
7. Financial Management

If you have already completed Business Ventures Part 1, Part 2, Part 3, and Part 4, you may continue to base Part 5 on that business, or you can start with a new business. Your main goal for this project is to develop a business plan and use all the key elements.

During this project, you’ll accomplish the following:

• Develop a business plan.

Directions

For this project, you will need:

Using the information learned in Unit 5, develop a business plan that has all seven key elements. Choose either option from below to complete.

Option #1 Instructions – Use a template you find online to assist you in writing and developing a business plan. If you use the Internet as a resource, be sure and include the URL link.

• The U.S. Small Business Administration Web site (http://www.sba.gov) is one of many that offer advice and tips on how to develop a business plan. The SBA also provides a template of a business plan that can be used. Additionally, other sites such as http://office.microsoft.com offer the use of free templates. Feel free to use the template found on this Web site or another one that you find online. If you choose to use a template, print out your business plan when finished.
• Remember to include each of these elements:
1. Executive Summary
2. Market Analysis
3. Business Description and Vision
4. Organization and Management
5. Marketing and Sales Strategy
6. Description of Products and Services
7. Financial Management

Option #2 Instructions – Use the information learned in Unit 5 to help you develop a business plan. Each of the seven key elements should start on a new page. Use word-processing software and upload your document below when finished.

• Remember to include each of these elements:
1. Executive Summary
2. Market Analysis
3. Business Description and Vision
4. Organization and Management
5. Marketing and Sales Strategy
6. Description of Products and Services
7. Financial Management