After reading the Child Day Care Center business plan, evaluate this business plan by answering the question below. You will assume the role of a consultant, providing feedback on a business plan. Your task is to review the plan and write 1-2-page evaluation memo.
explained and supported each of your answer whenever possible. Make sure to use sources as
support, not instead of your opinion.
If the item consists of a YES/No answer, make sure to explain it in 1-5 sentences for each of the items.
- What are the strengths and weaknesses of the business plan? :
- Is the client being realistic and is the business feasible? Is there a “real” need?
- Does the plan adequately describe the product/service? What else is needed?
- Does the business plan demonstrate there is sufficient demand for the product/service?
- Evaluate the management team? How solid is it?
- Are the projections (sales, financial, etc.) backed up with reliable data?
- What analysis of the market has the client conducted and what is the market share?
- What are the risks/challenges and opportunities associated with the business?
- Does it seem the entrepreneur can deal with challenges?
- Is it clear what is requested from investors? How much financing is requested and is it reasonable? Is it debt or equity?
- Do you recommend investing the requested amount? Primary reasons?