Course Project Part 1: Business Concepts and Industry Analysis
Order Instructions
Senior Project Week 3
Course Project Part 1: Business Concepts and Industry Analysis
**PLEASE FOLLOW ALL DIRECTIONS SPECIFICALLY**
THANK YOU
In this project you will select, develop, and analyze an in-depth business plan for a brand new sole proprietorship business. The purpose of this project is to utilize concepts to create a business plan of a new organization of your choosing. The Course Project will build on the skills developed by your studies in business.
The Course Project provides an opportunity for you to practice and apply specific strategic management skills learned in this course. The knowledge learned will help you to further your professional or personal goals. The project is divided in three parts. Every week you are encouraged to complete a section of your Course Project. Part 1 is due in Week 3; Part 2 is due in Week 5 and Part 3 is due in Week 8. Each part should be an APA Microsoft Word document that uses the outlines here as headings for each Part.
Choose a company that is new and can be a sole proprietorship in your own local neighborhood. This will be a business you can start with minimal capital and the intent is to own and operate it indefinitely so selling the business is not a consideration.
Here is a list of business types you may choose from. If you want to do some other business, be sure to get permission from your professor first. The business must be a local service. It may not be selling a specific product or an app of any sort except as an add on or support of the business. These may not be franchises but new small businesses and brands only.
Food Truck
Food Delivery Service
Coffee Shop
Sandwich Shop
Art Gallery
Pet Store
Small Restaurant
Landscaping and Lawn Service
Custom T-shirts
Language Lessons
Homemade Chocolate and Candy
House Cleaning
Small Jewelry Store
Homemade Chocolate and Candy Store
Ride Sharing Service
Pet Boarding and Day Care Facility
Day Care for Kids Facility
Handyman Service
Garage Door Installation
Pet Grooming Shop
Donut/Bagel Shop
Junk Disposal Service
Ice Cream Store.
Course Project Part 1 (140 points, Due Week 3)
Cover page
Table of contents
Section A: Business Concept
Section B: Industry Analysis
Section C: Regulation and Legal Review
Section D: Competitive Analysis
The Course Project Part 1 assignment is the integration of all the sections including the Introduction and Sections A through D. Part 1 should be completely integrated and presented in a logical order, written professionally and free of spelling and grammar errors, and updated with any changes that occurred along the way, including corrections and advice provided by your professor.
Section A: Business Concept: (30 points)
Describe in overview and in detail what you are offering to the market. What does it “do”? What are the benefits to your customers? How do the customers now accomplish the same task? How is your approach better than the competition?
Section B: Industry Analysis (40 points)
Research industry averages for profitability in your marketplace. Use this information to determine the validity of your own projections and make changes if necessary.
Section C: Regulation and Legal (30 points)
Determine your location and business environment. Address all legal, zoning, and licensing concerns your business will face. Visit your state’s Secretary of State website. What form of business will you set up? Why? The level of detail required for this section will depend on your type of location (virtual, retail, warehouse, office, restaurant, etc.) and on your idea. Demonstrate that you have completed your research. DON’T say “We will obtain all of the appropriate permits”; instead, summarize them. When you explain your form of business—remember your audience. For example, if you select an S corporation, explain your reasoning for that selection in the context of your potential business, rather than providing the definition of an S corporation. Address any pending regulations which may have an impact on your business.
Section D: Competitive analysis (40 points)
Describe the competitive landscape. Who are the key competitors? What are their strengths and weaknesses? How will you take share from them? How will they most likely try to stop you if you are successful? Who are your indirect competitors? What do they offer your prospects? Include a map of their locations in your local area.
PAPER FORMAT:
Use a title page.
Font: Use Times New Roman, 12 point.
Place your name in the upper left hand corner of the page.
Each section of your paper should be headed by the bold and capitalized item described above. For example- Section N: Breakeven (50 points) Include these in the table of contents.
Use indent paragraphs.
Insert page numbers at the bottom right.
Use APA citations throughout the paper. If you are not familiar with APA citations.
Include a separate reference page at the end of the paper.
Save your paper in the following format. Your last name, your initials of your first and middle name, and the business name
Example: If your name is Edward R. Jones and you are writing a business plan on xyz, then the file name for your paper would be joneserxyz.doc
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
