Small Business Financial Plan Fred Smith wrote a business plan. He then went on to execute the business plan, pretty much the way he had written it.
Business plans can be very useful.
Since this is a course in business finance , the financial part of the proposal should receive more emphasis than the marketing, production and personnel parts of the plan. If you are not personally interested in starting up a new business, think of yourself as a business consultant. Your business plan should be either for the start-up of a new business, starting from scratch or through the purchase of an existing small business. The only exception is if one of the team already owns a business and intends to continue it full-time after graduation, then you may use that. If you choose the purchase option, then you will have to identify an existing business, inventory its assets and customer base and come up with a value that you would be prepared to pay for it, in addition to the other planning aspects.