Entrepreneurship And Innovation

MMM241 - Entrepreneurship And Innovation \ Order Description   PLEASE ONLY DO SECTION 1 UNTILL 8 ONLY...... ANOTHER 2 SETION NEED TO BE DONE BY MY SELF. NEED AT LEAST 6 JOURNAL ARTICLE IN 12 REFERENCES. THANKS   REPORT TASK Write a business plan for a business of your choice that you would like to start in the future. The business idea needs to be completely new. You can’t base your business plan on any existing business. In addition to cover page and table of contents, your business plan should have the following sections: Section I: Executive Summary Section II: Business Description Industry background, goals and potentials of the business, key features of the business and its uniqueness, location, proximity to supplies, access to transportation Section III: Strategic Analysis of Business Idea Feasibility analysis (financial, social, environmental, organizational); Value chain and SWOT; sources of competitive advantage and sustainability. Example for social feasibility, you might have to focus on whether your business is socially feasible? How is it contributing to the community or is it addressing a problem? Creating any jobs etc? Page 3 of 7 Section IV: Sustainable development measures of performance • Plan to deal with emissions, greenhouse gas reduction goals, carbon footprint measure • Statement on sustainability Section V: Management Supply all key people in the management of your venture, how much everyone is to be compensated Section VI: Financial Aspects Source of finance, budget plan, cash flow, break even analysis, stages of financing purposes Section VII: Milestone schedule Provide a timetable or chart (Gantt Chart) to demonstrate when each phase of the business venture is to be completed. This must show the relationship of events and provides deadlines for accomplishment. Section VIII: Critical Risks Potential problems, obstacles and risks, environmental risk, alternative course of action