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Assignment 2 – Business Studies – enter the dragon’s den You are going to develop a business idea and write a business plan. Below is a list of possible businesses you might be interested in starting: • Bed and breakfast business plan

• Cafe business plan
• Child care business plan
• Consultant business plan
• Day care business plan
• Day spa business plan
• fitness centre business plan
• Hair Salon business plan
• Health club business plan
• Internet cafe business plan
• Landscape gardening business plan
• Retail business plan
• Sandwich shop business plan
A. INTRODUCTION
What is a Business Plan? It is important that a Plan is produced to ensure that the proposed business idea has been thought out before the start up and all aspects of the business have been considered.

The object is to demonstrate, first to yourself and then to anybody who may be investing money in your proposed business (e.g. a bank), that your proposed business has good prospects for success.

The attached outline provides guidance in the preparation of a Business Plan. Use the pdf file to answer questions and construct your bus plan.

B. THE FORMAT
The Plan should be set out under separate headings and should be as concise as possible without omitting any important information. You do not need to complete Section 7. Use the excel spreadsheet file for sections 8,9,10.

There are a number of support sites that can provide advice and suggestions for format; perhaps the most useful is: http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1073869162

Before you start have a look at some sample business plans
http://www.bplans.co.uk/coffee_shop_and_internet_cafe_business_plan_templates.cfm http://www.bplans.co.uk/sample_business_plans.cfm

nb: yours will not need to be this detailed but it helps you appreciate what you are completing

BUSINESS PLAN
1. SUMMARY
Give a brief summary of the plan covering the main points e.g. This is a Business Plan to establish a new business providing a Service/Product (Give brief description).
The objective is to set up a business in-------------------------------------- (Give location). My experience is---------------------------------------------- and the business will be as a Sole Trader / Partnership / Limited Company.

The finance required is ----------------------------and I will be investing-------------------of my own capital in the business.
I am applying for Loans/Grants from
Bank
Friends/Families
Venture Capitalists/Investors
Through a partnership (Sleeping Partner)
Grants – Prince’s Youth Business Trust or Government Agencies supporting different groups Tax Credits/Loans from councils to encourage employment
and-------------------------------- Security is/is not available. 1. SUMMARY
2. DESCRIPTION OF THE BUSINESS
3. MARKETING/OBJECTIVES
4. THE MANAGEMENT
5. PRODUCTS/PRICING/SUPPLIERS
6. PREMISES
7. INSURANCE
8. IGNORE: FINANCIAL STRENGTH
9. FUNDING REQUIRED (start up capital)
CASH FLOW FORECAST (optional)
PROFIT & LOSS FORECAST (optional)

2. Description of the Business
• What is the business name?
• How is the business organized (sole proprietorship, partnership, corporation)? • Who are the business owner(s)?
• How long has the business been organized?
• What accomplishments have been achieved to date? (brief one or two sentences) 3. Marketing/OBJECTIVES
Mission Statement: This is a short statement which
|Objectives | |timing | |Short term |Break-even and achieving drawings of £ 5000 |2 months | |Medium term |Expanding the product range |6 months | |Long term...
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