the assignment is a part of the business plan of the product and it is 1200 words ab 553274

Please read the whole document before you start. Notes please: You have to consider the extent and accuracy of the work. You have to avoid plagiarism and you have to cite all references used. (Harvard references system) Also, evidence of collusion with others will be considered as plagiarism. The assignment is a part of the Business Plan of the product and it is (1200 words) about the following yellow highlighted points only: 3. Legal establishment and organisation of the business. 4. Business strategy. 8. Assessment of start-up costs and identification of funding sources. Business Plan You will need to produce a business plan for a new company and engineering-based product or service. (See page 4 to 8) This plan will contain the following information, which is split into business development tasks and financial tasks. They are:- Business Development Tasks 1. Product or service definition. 2. Identification and analysis of the market for the product. 3. Legal establishment and organisation of the business. 4. Business strategy. 5. Comment / reflection on team management and leadership. Financial Tasks 6. Initial cost estimation of product (or service). 7. Estimated break even analysis. 8. Assessment of start-up costs and identification of funding sources. 9. Cash flow forecast for year 1. More details of the requirements for each part of the brief follow. 1. Product or service definition. A description of your intended product or service, with an illustration for a product (n.b. full engineering drawings are not necessary), or a process flow diagram for a service. A discussion of your expected product / service lifecycle and plans for a future product portfolio. Plans for ongoing support of the product in use (if applicable). 2. Identification and analysis of the market for the product. Who is the intended customer for your product / service? What are your short, medium and long-term annual sales targets? In what market will you be competing? Who are your…