Comprehensive business plan for the renewable energy (solar energy) business proposal presented in previous presentation.

Develop a comprehensive business plan for the renewable energy (solar energy) business proposal presented in PR1.Solar Energy Presentation that this report must be linked to is attached below.This business plan should encompass the following essential components:• Proposed Future Business:Please provide a clear and detailed description of your renewable energy business, outlining its core features, functionality, and any innovative aspects that set it apart. Discuss potential intellectual property rights (IPR).• Intellectual Property Rights/Protection:Describe which aspects of the business will need intellectual property rights/protection and how this will be achieved.• Organisational Type/Legal Structure:Provide a clear and detailed organisational/legal structure for the business.• Customers:Identify and define your target customer base, specifying whether your business operates within a business-to-business (B2B) or business-to-consumer (B2C) market. Elaborate on the end-users and articulate why they would be inclined to purchase from your renewable energy business. Highlight your unique selling proposition (USP) and substantiate it with market research, while assessing your business’s competitive position in the market.• Competitors:Identify and analyse your primary competitors within the chosen country market (India). Evaluate their market share and the level of competition they face. Articulate why customers might opt for your products and services over your competitors.• Skills Analysis:Conduct an assessment of the skills and competencies required to establish and advance your renewable energy business idea. Identify any gaps in skills and provide a plan for addressing these deficiencies.• Projected Financials:Prepare a two-year profit and loss account and cash flow forecasts for your business. Include a break-even analysis. These financial projections should provide insights into your expected revenue, expenses, and profitability over the specified period.• Funding Sources:Identify and evaluate potential funding sources accessible within the chosen country to facilitate the growth of your renewable energy business. Discuss how you plan to secure funding and explain why your chosen sources are suitable.Resource Acquisition:Outline your plans for obtaining the necessary tangible and intangible resources to support your business. This should include a breakdown of start-up costs and details on how you will acquire and manage these resources.• Organisation and Management Information Systems:Define the type of organisation you envision for your business and discuss the management information systems required to control and monitor its operations effectively.• Vision for Your Business:Present your vision for the future of your renewable energy business, including long-term goals and aspirations.Your business growth plan should be approximately 1500 words, with a 10% margin above or below the word limit. The word count should exclude the executive summary, conclusion, introduction, references, and appendices.When researching, utilise various resources, including peer-reviewed academic journals, books, and academic databases such as Mintel, EBSCOhost, and ProQuest.Follow the formatting guidelines, using Times New Roman font size 11 with 1.5 line spacing.Remember to include page numbers at the bottom of each page, and ensure your cover sheet includes your student ID, name, and word count.