Hi please see attached

• Homework assignments will remain open for 24 hours after the deadline listed and you may upload your homework up until that time. Assignments submitted later than 24 hours will receive no credit. 

Submit a draft of the following section of your Business Plan for review.  Keep in mind that some categories may not apply to your business.  Please submit the assignment in paragraph format.  Please submit your assignment using a Microsoft Word or Text File.  The assignment questions are to guide your research, do not include them in your assignment.

• Product/Service Development Plan

  • Description of your product/service - what is your business

    • Include any unique benefits or features of your product/service

    • Include any research you have done to ensure that your business does not infringe on anyone's intellectual property (name, logo, trademark, etc.).

  • Plan for developing a prototype (model) and testing 

    • What is your plan for developing the product prototype (model), or service plan (what do you need to do to develop the model or list of services?  For a new product this would include those tasks needed to develop the product, build, test, and modify the product.  For a service business this would include those tasks needed to identify services you want to provide and test and modify those services based on feedback.  For a restaurant this would include those tasks needed to build your menu, taste-testing, market testing and any changes needed).  Do not include any other tasks associated with starting your business (location, renovations, etc. ) as they will be included in a Assignment 9.

  • Timeline (if applicable)

    • What is the timeline for completing those tasks identified above (provide specific information on the time needed)?

  • Acquisition of Intellectual Property

    • Does your business need to apply for any intellectual property rights?

    • If so, what rights need to be acquired (patent, trade name, trademark, etc.)?