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you will develop a business plan for a new business idea. It may be any new Sask
you will develop a business plan for a new business idea. It may be any new Saskatchewan-based, goods-producing or service-providing business (or combination of both). Here are some tips for your business idea:
Don’t invent unproven technologies or businesses that you do not understand or would not be viable without enormous investments and skills
Avoid ideas that are too basic and don’t require a business plan.
Consider goods or services you use currently but that could be improved by changing the business, new concepts in the local market, or a concept from another place that you think could work here.
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JB
Business 100 041/044 – Spring/Summer 2024
Bus 100 041/044 (SS 2024)
Group Assignment – Due June 18
Group Assignment – Due June 18
Completion requirements
Opened: Sunday, 5 May 2024, 12:00 AM
Due: Tuesday, 18 June 2024, 11:59 PM
This assignment will be marked out of 100. Please see the rubric for details.
In teams of four (4) people, you will develop a business plan for a new business idea. It may be any new Saskatchewan-based, goods-producing or service-providing business (or combination of both). Here are some tips for your business idea:
Don’t invent unproven technologies or businesses that you do not understand or would not be viable without enormous investments and skills
Avoid ideas that are too basic and don’t require a business plan.
Consider goods or services you use currently but that could be improved by changing the business, new concepts in the local market, or a concept from another place that you think could work here.
Business Plan Format (See Chapter 5 in the textbook for details)
Title page with team names
Executive Summary – summary of key parts of plan
Table of Contents (can use Word Table of Contents tool – find Under References menu)
Company/Product Description and Market Analysis – description of company structure and its name; description of the product, with special emphasis on why it is unique, what problem it solves in the market, who is likely to buy the product (target market), initial evidence of market demand
Marketing Plan – products, pricing, place/distribution, and promotion to reach target market(s)
Operations Plan – who is management team, what are current and future personnel needs, what are facility requirements (can include layout), launch schedule, etc.
Financial – income projections (in income statement format), start-up costs and sources of funds. Include a break-even estimate.
Conclusion – is the business viable and why or why not? This is a critical part of your report. This section is worth the same number of marks as other sections, so please provide a thorough analysis.
Appendices including References (in APA style). You should have 5 or more references.
One appendix should be an addendum to your group contract where all group members sign to indicate whether or not they agree that all group members contributed as expected and, therefore, earn the group grade.
Do not use as sources:
Sites like Wikipedia, Investopedia, Business Dictionary, Twitter,
Content from any student’s assignment or an assignment website’s content, regardless if you cite the material.
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