Only do question 5, Business is Solar panels ●●●●●●It provides an operating plan to assist you in running the business and improves your probability ofsuccess:●Welcome to your B&OM assignment. You are tasked as a team (in groups of 4 or 5) with developing anew business plan - to manufacture a productThe objective of this assignment isto develop a business plan that supports a product manufacturing venture. The business plan isessentially a feasibility study that ultimately asks the following questions of a potential venture:●●●●●Purpose of the Business PlanA Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, andunemotional way:● Marketing- Is there a market? How much can you sell?● Management - Does the management team have the skill?Financial - Can the business make a profit?●●To assist in your study, you are advised to watch manufacturing video/s that detail your product viathe unit Moodle page.It communicates your idea to others, serves as a "selling tool," and provides the basis for yourfinancing proposal:Determine the amount and type of financing neededForecast profitability and investor return on investmentIs there a market for the product?What manufacturing configuration is most suitable?What staffing level is required to operate?Is it worth doing financially and when will it become profitable? IForecast cash flow, show liquidity and ability to repay debt.It is used to assess the potential business risks and meditative measures;To assess the potential capability of the manufacturing facility;. Identifies requirements in areas of personnel and facilities for the business;Identifies operational costs/expenses in areas of preliminary expenses, working capital,machineries and equipment, sundry facilities.Identify opportunities and avoid mistakesDevelop production, administrative, and marketing plansCreate budgets and projections to show financial outcomesThe business plan will be is used to raise money, as a financing proposal. The presentation quality anda thorough financial analysis are very important.Business Plan TemplateIt is expected that the business plan will cover many technical elements and business aspects. Thecontent and structure of the business plan is to be as follows: 1) Executive Summary[½ page]Company, product/s, market analysis, strategy & implementation, management, financialplan, funding.2) Company Overview[½ page][½ page]Description features and benefits, competition.[1 page]4) Market Strategy● Sales and Marketing, target customer, pricing, SWOT analysis.5)Product Manufacturability - aligned with model[2-4 pages]Process design i.e. flow, capacity/capability. Manufacturing metrics and KPIs.Make or buy decision used in the manufacturing process.O3) Product/s●●●Type, ownership, facilities, assets.●Layout of facilities: Machines, equipment, material, handling system, automation possibilitiesValue Stream Map (VSM) of the manufacturing processes.6) Business ManagementProduction Planning and Control considerations.[1 page]Organisational structure, form of ownership, job analysis.7) Financial Evaluation[1-2 pages]Capitalisation, income statement, cash flow projections, balance sheet, break-even analysis.●8) References9)AppendicesSupporting evidence.

Question

Only do question 5, Business is Solar panels ●●●●●●It provides an operating plan to assist you in running the business and improves your probability ofsuccess:●Welcome to your B&OM assignment. You are tasked as a team (in groups of 4 or 5) with developing anew business plan - to manufacture a productThe objective of this assignment isto develop a business plan that supports a product manufacturing venture. The business plan isessentially a feasibility study that ultimately asks the following questions of a potential venture:●●●●●Purpose of the Business PlanA Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, andunemotional way:● Marketing- Is there a market? How much can you sell?● Management - Does the management team have the skill?Financial - Can the business make a profit?●●To assist in your study, you are advised to watch manufacturing video/s that detail your product viathe unit Moodle page.It communicates your idea to others, serves as a &#34;selling tool,&#34; and provides the basis for yourfinancing proposal:Determine the amount and type of financing neededForecast profitability and investor return on investmentIs there a market for the product?What manufacturing configuration is most suitable?What staffing level is required to operate?Is it worth doing financially and when will it become profitable? IForecast cash flow, show liquidity and ability to repay debt.It is used to assess the potential business risks and meditative measures;To assess the potential capability of the manufacturing facility;. Identifies requirements in areas of personnel and facilities for the business;Identifies operational costs/expenses in areas of preliminary expenses, working capital,machineries and equipment, sundry facilities.Identify opportunities and avoid mistakesDevelop production, administrative, and marketing plansCreate budgets and projections to show financial outcomesThe business plan will be is used to raise money, as a financing proposal. The presentation quality anda thorough financial analysis are very important.Business Plan TemplateIt is expected that the business plan will cover many technical elements and business aspects. Thecontent and structure of the business plan is to be as follows: 1) Executive Summary[½ page]Company, product/s, market analysis, strategy & implementation, management, financialplan, funding.2) Company Overview[½ page][½ page]Description features and benefits, competition.[1 page]4) Market Strategy● Sales and Marketing, target customer, pricing, SWOT analysis.5)Product Manufacturability - aligned with model[2-4 pages]Process design i.e. flow, capacity/capability. Manufacturing metrics and KPIs.Make or buy decision used in the manufacturing process.O3) Product/s●●●Type, ownership, facilities, assets.●Layout of facilities: Machines, equipment, material, handling system, automation possibilitiesValue Stream Map (VSM) of the manufacturing processes.6) Business ManagementProduction Planning and Control considerations.[1 page]Organisational structure, form of ownership, job analysis.7) Financial Evaluation[1-2 pages]Capitalisation, income statement, cash flow projections, balance sheet, break-even analysis.●8) References9)AppendicesSupporting evidence.

Accepted Answer

Solar panels are a very environmentally friendly and sustainable product that can greatly cut carbon…