You need to start a hypothetical business based on an innovative and creative bu

You need to start a hypothetical business based on an innovative and creative business idea. The initial amount available is 50,000 OMR. Your idea needs to be based on a product, or a service or e-business. Develop a Business Plan for your business idea.
This type of assessment requires 2,000 words.
Tasks:
Write a Business Plan that contains the following required parts:
 Introduction – business background
 Marketing Feasibility- viability of the business in the market
 Financial Feasibility- Forecast of Sales with Assumptions
 Organizational Feasibility- sustainable organisation of the business
 Socio-economic Impact – bearing of the business to society and economy
 References- Sources of information that support the ‘in-text’ citations
Introduction
Should include the brief information about the following:  Name of the Planned Business  Nature of Business  Service/Product Name and Description  Business Location  Type of Ownership  Opening Date  Initial Capital  Source of Capital  Name/s of Owners
200
Marketing Feasibility
Should include the brief information about the following:  Business Environment Analyses: Before & At Present  Customers’ Demographics  Competition Analysis  Competitive Advantage  Pricing Strategy  Advertising and Promotional Strategies  Business SWOT Analyses
1000
Organisational Feasibility
Should include the brief information about the following:  Organisational Structure (Chart)  Job Description with Corresponding Salary Appropriation
300
Basic Financial Requirements
Should include the brief information about the following:  Forecast of Sales with Assumptions  Operational Expenses  Projected Income Statement
300
Socio-Economic Impact
Should include the brief information about the following:
 Contribution to Business Industry, Local Economy, and Societal Culture
200
References
Sources of information that support citations (books, journals, publications, and web sites