Business Plan for a New Business Venture Your task is to develop a realistic and credible written business plan for a new business venture. The choices of both the business idea and the group membership are voluntary; group size is normally three.
You are encouraged to bring your own business ideas to the module but an idea generation exercise will take place.
The idea is entirely your choice but it must be fully realistic and capable of being developed into a viable business that will have a life of at least three years, after which it may continue to be developed, be consolidated or sold.
The only restriction is that it must be a genuinely independent start-up venture; you are not permitted to buy a franchise or acquire or inherit an existing business. Your business does not have to be located in Gloucestershire but should be UK based (in special cases, a non-UK business may be permitted if it can be researched adequately and tax etc. systems are similar to those in the UK).
The business plan must be fully substantiated by research and analysis and include financial projections for a maximum of one year, i.e. sales forecasts, profit and loss forecasts and cash flow forecasts in a 12-month plan. You may make reasonable assumptions about the availability of internal funding but the financial plan must include a requirement for external bank funding (loan, overdraft or a combination of both) or an investor. In addition, to the business plan, you need to write on how you will future proof your business. Guidance will be provided on this. The total word limit is 3000 words for coursework 001.
