Learning Goal: I’m working on a business plans report and need an explanation and answer to help me learn.1. While data and statistics are powerful, storytelling can be persuasive because it influences minds as well as hearts. Data works on the logical side of our brain while stories work on the emotional side. With that in mind and knowing that you will need to present your business plan soon, in a 200-250-word response, what elements do you plan to incorporate into your business plan presentation that will enable you to tell the story of your new venture? How will you know your presentation was an effective one? 2. You have been on quite a journey this session as you developed a business plan for your new venture. Congratulations! Which part of this business plan did you find to be the most challenging and why? Would you seriously consider launching your new venture? If so, when? If not, why not? 3. In this last development week of your business plan, you will identify major milestones for your new venture as well as projections of financial performance. These two elements go hand in hand, as these represent how committed and serious you are to achieving success. Your major milestones over the course of five years can be listed as bullet points, with key dates identified for each (1 page in Word) Then, using Microsoft Excel, project the financial performance in relation to the major milestones you have identified. You will need to project revenues, expenses, operating profit, income, expenses, cash flows, capital investments, and related startup costs. It is important to ensure that these projections are in alignment with your business model and related strategies to compete as a new business venture. Ensure that you develop meaningful financial projections and offer different approaches for financing your new venture and for analyzing costs, expenses, and profits. You will want to carefully review Chapter 9 to consider all aspects of projecting financial performance (2 to 4 pages in Excel).
Requirements: 3 pages | .doc file
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