Consider the following scenario: You recently inherited $50,000 and you

 

Consider the following scenario:  You recently inherited $50,000 and you would like to use this money to help start a small business. However, you will need additional funding.

Create a business plan to convince the bank or other investors that you have a viable business plan.

 

  • Give an overview of your business. 
  • List and describe your management team, describe the legal structure, and decide on a location. 
  •  Develop a marketing plan and determine your pricing strategies 
  •  Do a SWOT analysis 
  •  Determine your suppliers 
  • Prepare an estimate of your start-up costs.
  • Forecast of your expected sales/revenues as well as your expenses.
  • Prepare the financial statements.
  • Complete the executive summary

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