Answer Happy

Business Plan presents an overview of a business. It a set of guidelines for constructing and developing a business model. Some of the subheadings for the sections may not even be addressed in the business plan and others may be addressed in great depth. It depends on the business context that you intended to build. Content is the main ingredients in a solid business plan. However, appearance and the look of a business plan may overcome minor deficiencies and sometimes hide major flaws. Why Develop a Business Plan? In the book The Entrepreneur's Manual, Richard M. White, Jr. states that business plans are “road maps" for business creation: "You identify your origin, select a destination, and plot the shortest distance between the two points." True, a business plan is essentially a blueprint for a business. However, it also serves many other purposes: • A business plan is a detailed blueprint for the activities needed to establish a business (i.e. the details of a product or service, the market for that product or service, and the management of the business providing that product or service). • A business plan is also the ‘yardstick by which a business owner measures success in meeting stated goals and objectives. • Also, a business plan is a tool for obtaining a loan from a lending agency, or for attracting venture capital. OBJECTIVES This assignment should enable students to: 1. Develop the outline for a business enterprise 2. Demonstrate an understanding of the procedures involved in the registering of a business unit INSTRUCTION As a prospective cyberpreneur, you are required to prepare a business plan for your future cyber business that mainly involve cyberpreneurship that provide product/service through the world of internet. There is no standard format for a business plan, but there are many common components of a business plan. The business plan should be between 3 and 5 pages ONLY. It a simple business plan.