20 Aug For this phase of your project, you will think ab
For this phase of your project, you will think about the goals of your business, some internal and external factors affecting the business, as well as the organizational structure of the business. For more information on this section, please see Writing a Business Plan in Course Materials.
For your strategic plan, please provide the following information:
Company Profile and Strategy
- What are three business goals you want to achieve in the first year? Why are these goals relevant or important?
- List two goals that you would like to achieve within the next 3 to 5 years. Why are these goals relevant or important to your business?
SWOT Analysis
- List 3 internal strengths that your company has.
- What do you have going for you or already working in your favor? Highlight this area! Remember that you are trying to prove why your business will be successful.
- List at least 3 internal weaknesses of your company.
- Why you feel that they are weaknesses? What could potentially happen as a result of these weaknesses?
- How will you combat each weakness that you listed above?
- List at least 3 opportunities for your product or service.
- For each opportunity that you describe, specify why you feel that it is an opportunity.
- Remember that opportunities are items that you found in your analysis that your company will be able to capitalize on. Try to refer to some of the areas that you discussed in your industry analysis.
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