Your Partial Business Plan will not include a market analysis, financial projections<\/p>\n
Pick one Sole Proprietorships, Partnerships, and Limited Liability Companies<\/p>\n
<\/p>\n
Your Partial Business Plan assignment includes preliminary start-up information that must be researched before writing your plan and must contain specific information such as legal form of business, insurance, employee requirements, and proprietary rights.<\/p>\n
<\/p>\n
<\/p>\n
Your Partial Business Plan assignment includes preliminary start-up information that must be researched before writing your plan and must contain specific information such as legal form of business, insurance, employee requirements, and proprietary rights.<\/p>\n
You will prepare and submit an APA formatted partial business plan on an instructor approved
\ntopic. A partial business plan is a blue print for business success. If a business does not have a
\nplan in place, there is no control. Your partial business plan will not include a financial data
\nsection. Please, do not copy a business plan from an existing company. The purpose of this
\npartial business plan is to emphasize important concepts within MGMT 390.
\nYour Partial Business Plan must be at least 12 pages and consist of the following:
\n\uf0b7 Title page
\n\uf0b7 Minimum 10 pages
\n\uf0b7 Reference page (current APA standards)
\nYour Chief Executive Officer (CEO) is considering starting a new business which requires
\ninformation. You have been tasked by your CEO to report on the mandatory components below.
\nMandatory Components:
\nIntroduction
\n– You will prepare and submit an APA formatted partial business plan on an instructor
\napproved topic. A partial business plan is a blue print for business success. If a business
\ndoes not have a plan in place, there is no control. Your partial business plan will not
\ninclude a financial data section. Please, do not copy a business plan from an existing
\ncompany. The purpose of this partial business plan is to emphasize important concepts
\nwithin MGMT 390.
\nType of Business (product or service)
\n– Provide a description of the business, the product or services, location, and any other
\nfacts you want to report.
\nLegal Form of Business
\n– Pick any form of business except a sole proprietorship.
\n– Why have you selected this form of business?
\n– What are the advantages and disadvantages of this legal form?
\n– Specify types of officers and duties.
\n– Review your state\u2019s Secretary of State Website for information on the legal form of
\nbusiness. Consider costs associated with that business form.
\n– If you are not in the United States, choose your home state.
\nLegal Setting of Business
\n– Expand upon the information you stated under the legal form of business. Describe any
\ngovernment laws or requirements that pertain to your business.
\n– Describe any zoning requirements for the business.
\n– Is a home based business appropriate?
\n– Are there any restrictions such as zoning, safety, environmental, or other requirements
\nthat must be considered?
\nLocation Requirements
\n– Describe the property or location of your business. Why was this location picked?
\n– Have you considered transportation, ease of customer access, and utilities at this
\nlocation?
\nBusiness License Research and Costs
\n– Describe the business license and\/or permit requirements for the location where you will
\nbe doing business.
\n– Check the city and\/or county websites for business license requirements and the costs for
\nthe business license.
\nInsurance Requirements
\n– Describe the types of insurance that may be required for operating this type of business.
\n– Is bonding required?
\n– If you have employees, describe the mandatory types of insurance to consider.
\nProprietary Rights
\n– Describe any intellectual property that your business may own or create.
\n– Consider trademarks, copyrights, design specifications, patents, and logos.
\nEmployment Law and Requirements
\n– If you have employees or will have employees, describe any employee laws and
\nregulations you must comply with.
\n– Describe your decision for employees vs. independent contractors.
\n– Reviews IRS.gov for guidance on mandatory taxes.
\nPurchase Orders and Contracts
\n– For outsourcing, what types of pricing arrangements are you considering? Contract
\npricing arrangement examples are: firm fixed price, fixed price with economic price
\nadjustment (EPA), etc.
\n– For other types of contracts, are you considering labor, time and materials, or multiyeartype?
\n– Support your contract types with justification. Why are you planning on using these
\npurchase orders and\/or contracts?
\nTorts and Crimes Protection
\n– Describe the types of torts and crimes relating to your business that you will have to
\nprotect from damages and disputes.
\nProperty and Requirements
\n– Describe any company property (equipment, computer systems, or building
\nrequirements) that may be necessary for startup and planned for business operation.
\n– Do you plan of leasing, renting, or buying any business property? Please support your
\ndecision.
\nUCC Considerations
\n– As we have learned in this course, the Uniform Commercial Code (UCC) governs many
\ntypes of business requirements such as contracts for lease or sale of goods, transactions,
\nfraud, passing of title, risk of loss, and other requirements. Describe how you plan to
\ncomply with the UCC for your business.
\nOther Considerations
\n– Describe any other requirements you have learned in this course that need to be
\nconsidered in starting, operating, and eventually closing your business.
\nConclusion
\n– Your conclusion should summarize the main concepts addressed in this paper. Restate the
\nblueprint for your businesses’ success. Restate important ideas and recap your findings.
\nNote: Your Partial Business Plan is expected to be your own work, and originally written for this
\ncourse in its entirety. The final version of your Partial Business Plan will be submitted to Turn-itin,
\na plagiarism detection service<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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