Individual Report 50% Business Plan

L​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​O3: Develop and justify a plan for a business opportunity LO4: Analyse support and resource requirements, as well as potential risks and barriers, in relation to a business opportunity Assessment Brief: You are required to develop business plan for an innovative product (good or service) of your choice. Your aim should be to address the following issues: 1. Justification of the value of the opportunity being developed 2. An assessment of the external environment in relation to the oppo​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​rtunity 3. An analysis of limiting and enabling factors in relation to the exploitation of the opportunity 4. A consideration of the major functional elements of the business including Production, Marketing and Financial Strategy/Plan Do not cut and paste phrases or paragraphs from published sources. You should seek to use your own words to explain concepts and theory.

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