A business plan for a new product
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Published on October 5, 2025
Design a detailed business plan for a new product, service, or business venture of your choice. This could be an idea you have been contemplating or a product presently being marketed, but your business plan must reflect the uniqueness of the idea. For example, it might involve the modification of a certain product based on the unique needs of your community or peer group. Follow the business plan outline provided in Table 8.1 of the course textbook. Be sure to include:
Title page
Table of contents
Executive summary
Description of product, service, or business
Description of industry or industry closest to your product or service
Marketing plan
Financial plan
Production plan
Organizational plan
Operational plan
Summary
Appendices (exhibits)
While it is expected that plan components may vary in length, each should contain detail commensurate with its nature and importance.