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Task: Write a Business Plan for starting an Engineering-related business of your choice.
The plan should be of a quality that it can be used potentially for obtaining necessary finance for the business, and can serve as a guide for continuing on with the start of the business and its subsequent operations. It may contain the following sections (taken from Hatten 2010, for details, consult the book):
1) Cover Page
2) Table of Contents
3) Executive Summary
4) Business Information
5) Environmental and Industry Analysis
6) Products and Services Planned
7) Marketing Research and Evaluation
8) Business Operations Plan
9) Marketing Plan and Future Directions
10) Management Plan
11) Financial Plan
12) Exit Strategy
13) Benefits to the Community
14) Critical Risks and Assumptions
In addition, the submitted report should contain:
1. A diary of all meetings and individual work performed in carrying out this project.
2. A set of power point slides that may be used to present the plan to an examining audience (students can use these power points for their oral presentation).
3. An indication of individual team members contribution towards different sections of the report.
4. A personal/team reflection on the completion of the project, and the problems faced.
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