Business Plan Assignment 2009

BLDG 2005 Construction Business Management and Marketing Major Group Assignment: A Business Plan Due Date: Wednesday November 11th in class (Architectural Students) Thursday November 12th in class (HVAC and Construction Students) “A business plan represents the dynamic process of planning and reviewing your business agenda over time, and it requires documentation in a format that allows regular planning in response to actual business condition.” Business plans need to incorporate standard elements such as: A. The executive summary (don’t forget to include this it should be about one page at the beginning) B. The vision and mission C. Goals and Objectives D. The company and its product or service E. Operating Plan F. Human Resources G. Risks and Opportunities H. The marketing plan I. The financial plan J. Concluding remarks regarding the financial plan Objective: This project is designed to help you to: • Understand the fundamentals of small construction business planning • Analyze the factors that make a small construction business successful in a competitive market. • Communicate with a specific target audience Requirements: • Maximum 4 students per team • Select a construction business from the following list: o Architectural o HVAC o Design Build Contactor o Demolition o Asphalt Paving o Excavation o Formwork o Masonry o Carpentry o Millwork o Painting o Roofing o Small Commercial Builder o Small General Contractor o Custom Home Builder o Renovation Contractor -1-

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o Other (to be approved by professor) Prepare a business plan incorporating the standard elements as outlined above. The purpose of the plan is to document an operational plan for marketing and controlling the business. As well as a plan that is suitable for the use in acquiring either debt or equity financing. Submission of Report o The business plan should be simple, neat, and compact. It should be double spaced on 8.5”x11” paper, typed on one side, and bound. o The cover should show the name of the company and identify the nature of the document. The title page should include the name of the company contact with the address and telephone number. o Actual Presentation, know your business when you present. Whatever you do, don’t just read from cards or slides. Show enthusiasm about your business! for Business Plan for Presentation

30% of Final Mark A full presentation (not exceeding 10 minutes) of the business plan is required with all group members in attendance and participating. Group interaction should be courteous and professional, ideally displaying a team environment. The writing of the business plan will be professional in everyway including the naming of companies. Note: There will be substantial deductions of marks for any violations. As well your professor is well aware of the availability of Business plans on the web; this project however must be a product of your group. Plans found to be plagiarized will result in a 0 which will likely result in a failure of the course.

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Marking Sheet Executive Summary (A separate 1 page description of the overall plan, it should highlight and sell the plan very briefly) Vision Mission Goals and Objectives The Company The Business Services and Products Unique Features or Proprietary Aspects of your Services or Products Regulations and Permits Future Services and Products Strategic Alliances Operating Principles and Procedures Costing and Estimating Tendering Contracts and Administration Purchasing & Cost Control Scheduling and Time Management Supervision and Quality Control Communication and Record Keeping Customer Service Site Safety Operations Summary The Market Market Definition Market Segment Marketing Sales Position Pricing Competition Sales and Marketing Monitoring Risk/Opportunity Human Resources Staff Positions and Job Responsibilities Ownership Professional Support Board of Advisors and Directors Review and Evaluation Procedures Hiring Procedures -3-

Compensation Assessment and Motivation Training and Upgrading Financial Plan Financial Statements Assumptions Capital Requirements Financial Monitoring Conclusion Appendix Exhibits

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