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You need to start a hypothetical business based on an innovative and creative bu
You need to start a hypothetical business based on an innovative and creative business idea. The initial amount available is 50,000 OMR. Your idea needs to be based on a product, or a service or e-business. Develop a Business Plan for your business idea.
This type of assessment requires 2,000 words.
Tasks:
Write a Business Plan that contains the following required parts:
Introduction – business background
Marketing Feasibility- viability of the business in the market
Financial Feasibility- Forecast of Sales with Assumptions
Organizational Feasibility- sustainable organisation of the business
Socio-economic Impact – bearing of the business to society and economy
References- Sources of information that support the ‘in-text’ citations
Introduction
Should include the brief information about the following: Name of the Planned Business Nature of Business Service/Product Name and Description Business Location Type of Ownership Opening Date Initial Capital Source of Capital Name/s of Owners
200
Marketing Feasibility
Should include the brief information about the following: Business Environment Analyses: Before & At Present Customers’ Demographics Competition Analysis Competitive Advantage Pricing Strategy Advertising and Promotional Strategies Business SWOT Analyses
1000
Organisational Feasibility
Should include the brief information about the following: Organisational Structure (Chart) Job Description with Corresponding Salary Appropriation
300
Basic Financial Requirements
Should include the brief information about the following: Forecast of Sales with Assumptions Operational Expenses Projected Income Statement
300
Socio-Economic Impact
Should include the brief information about the following:
Contribution to Business Industry, Local Economy, and Societal Culture
200
References
Sources of information that support citations (books, journals, publications, and web sites
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