Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

Creating a Business Plan Project: Part 1 A business plan provides a business with a vision for the future and a clear strategy for expanding the business. Understanding the components of a business pl

Creating a Business Plan Project: Part 1

A business plan provides a business with a vision for the future and a clear strategy for expanding the business. Understanding the components of a business plan can help identify the needed resources, timeline, and steps to achieve the business’s goals, grow the business, track the growth, help to forecast and plan for potential risks, and help investors see the viability of a company.

For your course project that you will finish in Unit VII, you will create a basic business plan for a fictional start-up health care company. This unit III assignment will be the first part of your business plan project.  

Complete the following for your assignment that is due in this unit:

Research

Feel free to research an organization similar to the one you would like to complete the project on as a guide for creating the business plan.

In this assignment include:  

the executive summary,

the business description,  

a short explanation of the importance of the time value of money, and

the four basic financial statements.

Executive Summary

The executive summary is the first and one of the most critical parts of a business plan. It provides an overview of what the business plan will cover. You can always go back and update this section in Unit VII before posting the final course project.

Include the following in your executive summary:

mission statement,

products or services you offer, and

why you started the business.

Business Description

The business description should include the following:

type of entity (e.g., a sole proprietorship, or an LLC) and name of the company;

information regarding the industry your company will serve;

your team experience in the industry;

business goals (two long-term and two short-term plans);

product or services;

target customer;

trends and major competitors; and

what will set your company apart from the competition.  

Time Value of Money

Briefly explain the importance of the time value of money and how you would use it to maximize profit for your company.

Financial Tools

Create the four key financial statements, and explain the importance of each for your company. Refer to the examples in your text, and research similar companies online. Remember this is a start-up company and may not have a lot of resources. The main consideration is adding the right information for each of the financial statements.

Identify three critical ratios that are important to review.

 This Unit III Course Project should be at least two to three pages in length. As this assignment will also be part of a larger project that will be due in Unit VII, no abstract or title page is needed at this time. You must use at least two sources, including the textbook. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

MBA 687 Module Four Presentation Guidelines and RubricOverview In Milestone One, as an HR consultant, you submitted a change readiness report. While you were performing your change readiness assessmen

MBA 687 Module Four Presentation Guidelines and RubricOverview In Milestone One, as an HR consultant, you submitted a change readiness report. While you were performing your change readiness assessment, five employees from the U.S. call center quit as a group, along with the well-liked team lead. Top management is very

ETHICAL LEADERSHIP-C206 TASK ONE Introduction Leadership is often defined as the ability to influence people. An effective ethical leader guides an organization and its employees to accomplish org

ETHICAL LEADERSHIP-C206 TASK ONE Introduction Leadership is often defined as the ability to influence people. An effective ethical leader guides an organization and its employees to accomplish organizational goals. In the same vein, an unethical leader can guide an organization and its employees to act unethically, harming both the organization

Module 4 – CaseManaging ChangeAssignment OverviewChange Management Rapid technology changes in workplaces can cause stress, prompting employees to resist adopting new tools. This resistance stems from

Module 4 – CaseManaging ChangeAssignment OverviewChange Management Rapid technology changes in workplaces can cause stress, prompting employees to resist adopting new tools. This resistance stems from fear of obsolescence, disrupted routines, and perceived tool complexity. Addressing these anxieties through effective communication and training is crucial for smooth technological transitions. **Complete

HIM 500 Rubric Overview Imagine you have been contracted to consult on the recent developments at the Featherfall Medical Center. Featherfall has been struggling of late; it has had a series of proble

HIM 500 Rubric Overview Imagine you have been contracted to consult on the recent developments at the Featherfall Medical Center. Featherfall has been struggling of late; it has had a series of problems that have prompted your hiring. It has faced the following issues: Featherfall has recently violated several government

MBA 645 Guidelines and Rubric Overview You are the regional marketing director of a theme park in the southeastern United States that is part of a global brand. The chief marketing officer (CMO) of g

MBA 645  Guidelines and Rubric Overview You are the regional marketing director of a theme park in the southeastern United States that is part of a global brand. The chief marketing officer (CMO) of global operations has called upon you to help coordinate the marketing tasks related to rolling out

Purpose: This assignment is designed to help you create connections between the course material we have learned throughout Modules 2-4. Specifically, using an adaptive leadership approach, you will

Purpose:   This assignment is designed to help you create connections between the course material we have learned throughout Modules 2-4. Specifically, using an adaptive leadership approach, you will pick an adaptive challenge that you want to/already are working on. You will then demonstrate your understanding of the course material by

Now that you understand the importance of recognizing ethical dilemmas when doing the work of leadership, and how essential it is to separate them from moral temptations, start thinking about an ethic

Now that you understand the importance of recognizing ethical dilemmas when doing the work of leadership, and how essential it is to separate them from moral temptations, start thinking about an ethical dilemma in one of your systems. You will apply Kidder’s nine checkpoints to the ethical dilemma of your choosing

MBA 645 Module Two Communication Plan Guidelines and RubricOverview Stakeholders are individuals or groups that have an active interest in an organization. Stakeholders and stakeholder groups typicall

MBA 645 Module Two Communication Plan Guidelines and RubricOverview Stakeholders are individuals or groups that have an active interest in an organization. Stakeholders and stakeholder groups typically include employees, vendors, communities, government agencies, customers, investors, and lenders. Different stakeholders have different interests, attitudes, and priorities. Effective communication ensures that they

Part I: Choose two American international companies. The selection must be an intercultural organizations doing business in at least one foreign country. Not Cuba, North Korea, etc… In your submi

Part I: Choose two American international companies. The selection must be an intercultural organizations doing business in at least one foreign country. Not Cuba, North Korea, etc… In your submission, provide a review and arguments for and against each of the two organizations. In the conclusion of  your submission, recommend which

MBA 645 Module Two Communication Plan Guidelines and RubricOverview Stakeholders are individuals or groups that have an active interest in an organization. Stakeholders and stakeholder groups typicall

MBA 645 Module Two Communication Plan Guidelines and RubricOverview Stakeholders are individuals or groups that have an active interest in an organization. Stakeholders and stakeholder groups typically include employees, vendors, communities, government agencies, customers, investors, and lenders. Different stakeholders have different interests, attitudes, and priorities. Effective communication ensures that they

MBA 687 Module Two Memo Guidelines and RubricScenario As the HR consultant contracted to resolve issues related to miscommunication and workforce discontent at the U.S. branch of the Singaporean softw

MBA 687 Module Two Memo Guidelines and RubricScenario As the HR consultant contracted to resolve issues related to miscommunication and workforce discontent at the U.S. branch of the Singaporean software solutions provider, you are expected to present a change readiness report and then submit a change management plan. You have

Purpose: Now that you understand the importance of recognizing ethical dilemmas when doing the work of leadership, and how essential it is to separate them from moral temptations, start thinking abo

Purpose:   Now that you understand the importance of recognizing ethical dilemmas when doing the work of leadership, and how essential it is to separate them from moral temptations, start thinking about an ethical dilemma in one of your systems. You will apply Kidder’s nine checkpoints to the ethical dilemma of your

VAL- UP TO 6/6/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 2 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WHE

 VAL- UP TO 6/6/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 2 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WHEN COMPLETED****** PART 1- Module 1- DISCUSSION- (VAL)- HRM (HUMAN RESOURCES MANAGEMENT) Opinion Research two

Module 3 – CaseResponsible LeadershipAssignment Overview The Diverse Workplace Cultural Intelligence (CQ) drives understanding across diverse backgrounds and enhances workplace inclusion. Diversity br

Module 3 – CaseResponsible LeadershipAssignment OverviewThe Diverse Workplace Cultural Intelligence (CQ) drives understanding across diverse backgrounds and enhances workplace inclusion. Diversity brings varied perspectives, but challenges may arise from misunderstandings and biases. Inclusion, propelled by CQ, ensures diverse talents are harnessed, fostering innovation and collaboration despite inherent workplace challenges. Complete

Module 3 – SLPResponsible LeadershipAssignment OverviewCommunication Effective communication boosts productivity, fosters teamwork, reduces misunderstandings, drives employee engagement, and improves

Module 3 – SLPResponsible LeadershipAssignment OverviewCommunication Effective communication boosts productivity, fosters teamwork, reduces misunderstandings, drives employee engagement, and improves decision-making to build a successful workplace culture. **Complete SLP 3 before Case 3** Session Long Project 3 Resources 13 Strategies For Breaking Down Silos And Boosting Interdepartmental Communication (2023) How to Improve Cross-Functional

VAL- UP TO 6/13/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 4 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WH

VAL- UP TO 6/13/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 4 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WHEN COMPLETED****** PART 1- Module 3- DISCUSSION- (VAL)-  Request For Proposal (RFP) What are some