Competency Synthesize the different components of the business plan. Student Success Criteria View the grading rubric for this deliverable by selecting

Competency

Synthesize the different components of the business plan.

Student Success Criteria

View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.

Scenario

You have been asked by your instructor to write a memo to them about how you plan to use a business plan for your business. The intent of the memo is to show your understanding of the importance of creating a business plan before starting a business. 

Instructions

Create a memo outlining why a business plan is important and how you plan to use a business plan for your ice cream shop business. Conduct research on business plans and include the following in the memo:

• Determine and describe what aspects of the business plan are important.
• Outline how you would use the aspects described in your ice cream shop business.
• Provide your recommendation from your research on how a business plan can be beneficial to your ice cream shop business.
• Provide attribution for credible sources.

A – 4 – Mastery

Comprehensive description of what aspects of the business plan are important.

A – 4 – Mastery

Comprehensive outline of how you would use these aspects in the ice cream shop business.

A – 4 – Mastery

Comprehensive recommendation based on research on how a business plan can be beneficial to your ice cream shop business.

A – 4 – Mastery

Comprehensive attribution for credible sources.