You have recently been made redundant and decide to set up your own small business, possibly with a friend. Assuming that you have £25,000 to invest in your new venture, draft a business plan which is...

You have recently been made redundant and decide to set up your own small business, possibly with a friend. Assuming that you have £25,000 to invest in your new venture, draft a business plan which is to be presented to your bank manager in the hope of gaining financial support. Your plan should include a clear rationale for the legal form you wish your business to take, your chosen product(s) or service(s), evidence of market research, an indication of anticipated competition and supporting financial information.