BU121 Midterm: Business Plan.docx
Document Summary
It is truly difficult to arrive somewhere unless you know where you want to go. It is a detailed road map for converting your ideas and vision into a real, functioning business. Carefully and fully address a number of complex issues relating to the process of converting your ideas and its vision into reality. Your business plan must answer these key questions: How will the idea for the new venture be realized- what is the overall plan for producing the product, for marketing it, and for dealing with existing and future competition. Who are the entrepreneurs- do they have the required knowledge, experience, and skills to develop this idea and to run a company. How much funding is needed, what type of financing is needed, how will it be used. The plan should be succinct: should be short and succinct as possible. The plan should be persuasive: need to capture the investor"s attention.
