Instructions
Your task is to write a 600–900 word essay.
For this assignment, you will use the SCORE Deluxe Startup Business Plan template from Module 4 as you continue to build the business plan. The SCORE Template uses a traditional framework appropriate for most ventures that produce goods or services (see Appendix for various examples). Consult your instructor to determine the preferred template that you may wish to use to complete the business plan, which should include the following key designated sections:
- Company or Team Name
- Executive Summary (This section is completed last, after all the other sections are completed)
- Company Description
- Products and Services
- Marketing Plan
- Operational Plan
- Management and Organization
- Startup Expenses and Capitalization
- Financial Plan
- Review Appendices
Note: For your specific business, some sections may purposefully be left blank.
This SCORE Deluxe Business Plan Template includes the following statement in the Products and Services section: “Any proprietary features that give you a competitive advantage.” Here you will detail any patents, intellectual property, or technology you will implement in your business processes and procedures that will set your business apart from your competition.
The other component of the business plan that you have also started to create is the Pitch Deck, which is comprised primarily of PowerPoint slides. The “pitch” should include a minimum of five slides consisting of the following elements that your team wishes to share with the audience:
- Overview
- Problem
- Solution
- Market
- Team Roles
You will need to occasionally update your business plan and pitch deck if and when new information is discovered and introduced. Hence by the end of the semester, your Final Project Business Plan and Final Project Pitch Presentation will essentially be done.