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A Memo: describing an innovative business idea

May 14, 2023

There are 6 milestones of this business plan. Briefly explain my business plan, which the writer needs to create an innovative business, including overall market details. Assessment: what is a fundamental need, who are users and customers, fad or long term, dependable, how creative and different to other, and any competitor of the industry etc. Do a basic Feasibility analysis: approximate pricing, costs, resources required, risk level, timing. This must be a new idea, not an existing situation. If the idea is yours and you have been doing some work in that area – that’s OK. The Memo is mainly talking about an executive summary (part 1). For the part 2- 8, just very briefly explain is ok.

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