Business Plan Template and Instructions.
For the final project, the group will create a business plan. To keep it simple, the group will select from the following businesses:
Restaurant (Gloria’s Latin Cuisine)
Fine-Dining Latin Restaurant Business Plan
Use the topics that I have shown below in creating this business plan. Many of these topics were taken from the Small Business Association website. If you would like to reference the SBA website, I have provided you with the link: https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan
The groups will identify a business, work collectively to create this plan and research the topics below in the template.
A group project is one of the most requested assignments that Corporate America demands today. This is because everyone must work together to achieve organizational goals.
BUSINESS PLAN TEMPLATE
Organization and management
Tell your reader how your company will be structured and who will run it. ( CFO will run it)
Departmental divisions may include Finance, Operations, Marketing, and Sales, depending on the business needs.
What type of legal entity will the business be? it’s a Partnership
https://www.sos.state.tx.us/corp/forms_boc.shtml#fbenc . This link will provide the group with various types of businesses. I have provided an example of a Limited Liability Corporation (LLC). You are welcome to use this as a guide if your business is an LLC.
Complete the Certificate of Formulation based on the type of business entity the business will be.
Here is a link that will also provide additional information about a legal business structure https://www.sba.gov/business-guide/launch-your-business/choose-business-structure
Also, use an organizational chart to lay out who’s in charge of what in your company. Show how each person’s unique experience will contribute to the success of your venture. Consider including resumes and CVs of key members of your team.
Company description
Use your company description to provide detailed information about your company. Go into detail about the problems your business solves. Be specific, and list out the consumers, organizations, or businesses your company plans to serve.
Explain the competitive advantages that will make your business a success. Are there experts on your team? Have you found the perfect location for your store? Your company description is the place to boast about your strengths.
