Are You Ready to Begin Drafting Your Business Design? Required Materials Word processing software Step 1: Structure Leads to Success A great way to get a head start on a successful business is to have a strong business plan from the earliest stages. Beyond that, the business plan itself is, in many ways, a powerful marketing device—only instead of targeting consumers for your business offering, you’ll be targeting potential investors by designing a particular product demonstrating how you plan to succeed in your business venture. The goal is to persuade investors to consume this product by purchasing a chance to be part of your vision in the form of a monetary investment. In this activity, you will review the previous activities that you’ve created throughout this course, and then you’ll use those details to create an outline for a Business Plan explaining your product or service. This outline will form the basis for your detailed Business Plan that you’ll produce as the capstone for this course. Step 2: You’ve Already Done Much of the Work! While you may not have realized it at the time, many of the activities you’ve already completed so far throughout this course function as an excellent basis for major elements of a full business plan! That said, chances are you’ll probably notice some ways to improve on your earlier work now that you’ve come this far through the course, but all those ideas that you worked hard to develop will provide a solid start to a sound and effective business plan. After reviewing your other materials for this course and any independent research you’ve completed, create an outline for a business plan consisting of the following elements: Business Description Market and Competitive Analysis (for this course, we’ll collapse these two into a single section, as you won’t have access to full market research data) Product(s) Start-up Costs You don’t need to include a Table of Contents, Organizational Structure section, or a Marketing Plan for this activity. Later, you’ll add the Table of Co