How to Write a Business Plan for Your School Assignment
It is important to understand the importance of writing a business plan for school work. Most instructors use business plans to help you essentially acquire the skills of business writing. To start with, you have to spend some time gathering information to the assignment before you roll up your selves and write everything down on paper. The following things will describe in detail the seven section of any business plan and what you should include or not include and how to add-up the numbers and addition information so that it help you get the perfect paper. So let’s jump in and see
The Executive Summary
That give the overall outline of the business plan. This follows the title page and tells the reader the summary. This is very crucial. So the summary should be clearly stated in this section.
Begin with a short description of the industry and discuss the present outlook and future prospects of the industry. In addition, to this this section also offers the various markets the business is operating in the research and development as well as adversities that affect the business
By analyzing the market the entrepreneur becomes familiar with various aspects of the market to target so as to increase is competitiveness and position in the market
This is basically to carry out a SWOT analysis of the company in question. That the Strength, Weakness, Opportunities and Threats
Design and Development Plan
This helps investors to understand the description, need and the product design in context of the production, marketing and the company itself and develop a development budget that will be able to reach the company’s goals and objectives.
Operation and Management Plan
This helps the investors understand the operational and function on a continuing basis. The operational highlights the logistical and organizational responsibilities of the management team, their task and capital expenses requirement related to daily operation of the business
The financial are the backbone of the business and helps in capturing the business concept and management team if the business plan is feasible or not
The business will be a Residential real estate which will be known as Jean and Cade investments and will focus on lease. The business will be formed in the state of Texas and will incorporate two stockholders: Mary Cade and Jean Wood. The purpose of the business is a residential real estate that will provide quality housing to the residents of the state of Texas. The formal charter and agreement will be in accordance with the laws of the State of Texas. According to Neal (2008, p. 360) Legal formalities with help of professionals such as real estate agents that include paying of taxes are crucial. A legal paperwork will be prepared showing business details and the neutral party such as a company that will manage documentation and funds to enable smooth running of the business. (Marianne, 2013, p.117)
Name of Business
This will give details about the Ownership of Business and detailed Information on the Business.
This will entail a market research and analysis of data on the real estate business in Texas (Dennis, 2010 p. 170)
The section will capture Advertising, Promotion and Sales Strategy
The contents in this section are Management and Employees administration issues.
This involves Basis, assumptions of financial analysis and detailed financial information.
Literature Review or Bibliography
The business of real estate is the profession of buying, selling, or renting land, buildings or housing. (Anthony, 2005, p. 2) Real estate is used mostly in the context of probate law, and means all interests in land held by a deceased person at death, excluding interests in money arising under a trust for sale of or charged on land. (David, 2007 p. 11)
According to Casenotes & Aspen Publishers (2009, p. 67) in the Philippines, real estate is an area for growth. Aside from the development of high rise buildings the business is now seeing much land development with its continuous expansion for horizontal development projects.
Neal R. 2008 Real Estate and Property Law for Paralegals. Aspen Publishers, South Holland
Marianne M. 2013 Real Estate Law. Cengage Learning, Stamford
Dennis J. et al 2010 California Real Estate Principles. Cengage Learning, Stamford
Casenotes & Aspen Publishers 2009 Real Estate Transactions. Aspen Publishers, South Holland
Anthony B. 2005 Stapleton’s Real Estate Management Practice Taylor & Francis New York.
David S. 2007 Essentials of Real Estate Investment. Dearborn Real Estate, California