Business Plan
Weighting:
75%
Guideline length:
maximum 3000 words
Mode of
activity: Individual
You are required to write a business plan either for
a business idea you have. This can be a real or an imaginary business or a plan
foran existing small business. Whilst you do not have to follow any precise
format, a specimen format is provided in the textbook. The interactive chapter
exercises on the textbook website allow you to build your plan step-by-step and
place it in this format.
Specimen plans are readily available on the internet.
However be warned, do not copy the
contents of on-line plans. Turnitin will reveal this and it is an academic
offence which will automatically cause you to fail the assessment.
Marks for this assessment will be awarded based on
the criteria below.
Ø
Clarity, consistency
and originality of value proposition(s) 10%
Ø
Clear identification of
target market segment(s) 10%
Ø
Comprehensiveness of
market and competitor analysis 10%
Ø
Consistency/originality
of core marketing & entry and/or growth strategies 10%
Ø
Comprehensivenessand
accuracy of financial projections
(including
assumptions) 20%
Ø
Comprehensive identification
of resources required and financing 10%
Ø
Identification of
material risks and their mitigation 10%
Ø
Realism and
practicality of plan 10%
Ø
Overall presentation,
including clarity of English 10%
100%
Marks will be awarded for the thoroughness of the
plan - not for the profit-making potential of the business idea. A good plan
that proves the idea to be unviable can receive full marks. A profit
projection, breakeven calculation, monthly cash flow forecast and balance sheet
are required for only the first year and should be included in the appendix.
You must also provide details of the assumptions on which these are based.
References:
Academic citations (e.g. to academic models) are not expected in a business
plan.However, if you cite sources for information used (e.g. market size) you
must ensure that they are properly referenced (normally a web reference.
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