Overview
For this milestone, you will create a timeline outlining the interrelationships and timing of major events planned for the company you have chosen for your final project. Ensure that your deadlines are realistic and attainable. You will describe your assumptions, critical risks, and benefits your company brings to the community. You will also create a succession plan.
Directions
Submit your timeline, assumptions, risks, community benefits, and succession plan.
Specifically, you must address the following rubric criteria:
Timeline: Provide a timeline of major events.
Outline the timing of major events planned for your venture up to opening day. Your deadlines must be realistic and attainable.
Outline the timing of major events planned for your venture up to opening day. Your deadlines must be realistic and attainable.
Assumptions: Explain the assumptions made during the writing of the business plan.
How will your business operate?
What conditions have you assumed?
How will your business operate?
What conditions have you assumed?
Critical Risks: Describe the risks to the business and plans to address the risks.
List the possible risks and what alternative plans you have made to address them.
Benefits to the Community: Describe the benefits the business will bring to the community.
List the possible risks and what alternative plans you have made to address them.
Benefits to the Community: Describe the benefits the business will bring to the community.
Think about the economic, community, or human development benefits. Include any planned social responsibility efforts.
Succession Plan (Exit Strategy): Include most of the main elements of the succession plan; provide an explanation of the exit strategy.
What are the long-term intentions?
How will investors get their money back?
What would you do should you need to step away from the business?
What are the long-term intentions?
How will investors get their money back?
What would you do should you need to step away from the business?