SBS students with 30 credits or less only. CAS students by special permission.
The primary value of your business plan is to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects.
A business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business. This step is too often skipped, but we make it easy for you by providing a format to build your plan as you progress through this course.
Business plans can vary enormously. Libraries and bookstores have books devoted to business plan formats.
But this is a place to start. You can then go on from here to design one that would be ideal for your particular enterprise. Why prepare a business plan? Your business plan is going to be useful in a number of ways.
Here are some of the reasons not to skip this valuable tool: First and foremost, it will define and focus your objective using appropriate information and analysis.
You can use it as a selling tool in dealing with important relationships lenders, investors, and banks.
You can use the plan to solicit opinions and advice from people, including those in your intended field of business, who will freely give you invaluable advice.
Too often, entrepreneurs forge ahead without the benefit of input from experts who could save them a great deal of wear and tear. What to avoid in your business plan? Place some reasonable limits on long-term, future projections. Long-term means over one year.
Better to stick with short-term objectives and modify the plan as your business progresses. Too often, long-range planning becomes meaningless because the reality of your business can be different from your initial concept.
In fact, to offset optimism, be extremely conservative in predicting capital requirements, timelines, sales, and profits. Few business plans correctly anticipate how much money and time will be required. Do not ignore spelling out what your strategies will be in the event of business adversities.
Use simple language in explaining the issues. Make it easy to read and understand. Do not depend entirely on the uniqueness of your business or even a patented invention.
|Undergraduate Study < UMSL||Okay, so we have considered all the requirements for starting an e-commerce business.|
Success comes to those who start businesses with great economics and not necessarily great inventions.Operations and Supply Management. The operations and supply management program offered by the Department of Management Information Systems, Operations Management, and Decision Sciences includes a major and a minor in operations and supply management (OPS).
E-COMMERCE - project course E-commerce project " • Business & project plan:" – Description of the business case" – An implementation plan" – Project time plan! " • Mid term report:" – to follow up on your progress!
" • Final presentation:" – of your project and demonstration of a working solution! ". Sample. E-Commerce Project Tasks. ID Task Name Resource Names; 1: Project Planning Phase: 2: Approval of technology/business plan by project team: Define and document strategic e-business plan: Interview key senior business and IT managers involved in the e-business initiative: Objective.
Strategic Plan. Strategic Planning: Deliverables. Tips for Proposed System Design. Overall and Individual Project Management Plans. Detailed information concerning all degree requirements can be found by visiting The College of Business Undergraduate Advising web site..
Admission Requirements. Students entering UMSL may declare themselves as business majors in the College of Business Administration (COBA). Major Requrements Big Data and Business Analytics (BDBA) Major. The Big Data Business Analytics (BDBA) program is a multifaceted program that combines the studies of statistics, information technology, business, and communications in the context of business decision making.