Section B: Industry Analysis
Based on your market research, complete an analysis of the industry related to your chosen business. Please include the following in your analysis:
size of the industry in units and dollars.
growth rate of the industry.
prospects for the industry.
average gross and net margins on sales in the industry.
major companies in the industry
Each section of your business plan should be about 500 words.
Section C: Regulation and Legal Review
A part of the research you need to conduct includes researching laws and regulations specific to the industry in which your business will compete. In this section, please answer the following questions in this section:
Briefly describe laws and regulations that apply and explain how your business will meet those conditions.
How do you set up a local sole proprietorship within your community?
Address any legal, zoning, and licensing concerns your business will face. Address any pending regulations which may have an impact on your business.
The regulations must include trademarks, copyrights, liability insurance, business licenses, tax laws, accounting requirements, permits, LLC designations, employee rights laws, EIN, packaging/labeling, business planning and record-keeping, etc. What about lawsuits?
(Event planning in Illinois.)
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