Business Plan 2 Write a final draft of a business plan. The business plan is a document that spells out to investors and others exactly how you plan to be successful in this business. Success for this class includes profitability in the financial sense. The world is filled with opportunities for service. Your business plan should identify a set of customer needs. (Maybe only one need, maybe several.) These needs are opportunities that your business will strive to fill. In exchange for filling these needs, customers will give you money. How will you convince the customers to give you money? How will you collect the money? How will you deliver the product for which the customers are paying? All of these issues should be addressed in your business plan. Explain the key features of how your business will operate, and how it will make a profit. Predict (to the extent you can) how much money you will make, how much product you will sell, etc. Because this is a final draft, rather than the initial draft, you must be reasonably complete in your analysis and estimates. A typical business plan might be five or more pages, single spaced, designed to convince your funding source to lend or invest money in your project. You will be graded on how convincing and complete your plan is, as well as how easy it is to understand, including how clearly it is laid out.