P5 - produce a written outline proposal for starting up a new small business following an acceptable business model.
D1 - present a comprehensive business proposal that addresses all relevant aspects of business start-up.
Business proposal
In this assignment you will produce a business plan to support an application for finance.
Have a look at some of the following bank business plan models to see what sort of information a bank is looking for
Halifax (Royal Bank of Scotland)
In your proposal you should include the following sections
(items in red can be copied and pasted from earlier assignments):
1. About the business
A brief description of the business
The purpose of the plan (e.g. to obtain finance from a bank or to set targets)
The aims and objectives of the business
The USP and a description of the edge over the competitors
Your chosen legal status including your liability
Your trading terms and conditions
Any licences you have to obtain
The laws you will have to abide by
Why you want to set up the business
Any other laws specific to your business
2. Marketing plan
A summary of your market research results
A description of your competition
A description of the marketing you will do
Your pricing policy
3. Human Resources Plan
A summary of your staffing requirements
A plan of your opening hours and a staffing rota if applicable
A copy of your CV
Details of contracts of employment and pay
Any skills gaps you have and how you will fill them
Policies you will use for grievances
Your liability for employers' NI contributions
4. Physical resource plan
Details of your premises and the internal layout
Your health and safety policy including risk assessment
Your fire risk assessment and precautions
Details of any planning permission you will need
Your insurance requirements
5. Financial plan
Your personal survival budget
Your capital budget
Your expenses budget
A break even forecast
A 12 month cash flow forecast with justification
A forecast profit and loss and balance sheet
Your chosen sources of finance
6. Potential growth and contingencies
A description of where your see the business in the future
A description of how you will cope in times of difficulty