Determine any health issues / claims related to the product you are making, whether negative or positive. Suggest the strategy your company will use to mitigate any negative issues, and to ensure any positive claims are true.
Business Plan
You must intend to raise money for your startup company. You can start with money from friends and family but at some point you will need funds from outside investors, either angels or venture capitalists, depending on how much money you project you will need to raise. Another possible angle is to develop money through crowdfunding, assuming your product meets the demand of such audiences.
Before you can raise money, you must develop a business plan that convinces an investor that your company will succeed.
1. Create an Ethics & Social Responsibility Plan.
Note: The Ethics & Social Responsibility plan should account for approximately three to five (3-5) pages of the Business Plan Draft.
a. Describe the ways in which your company is committed to being a good corporate citizen.
. Hints: Consider the following areas:
1. Creating jobs
1. Following the laws of every jurisdiction in which your company operates
1. Fair and honest treatment of employees
1. Non-discrimination of employees and increasing diversity of your work force
. Hints: If your company is designed as a social venture—in which you have a primary purpose of achieving a social or environmental goal—describe what that goal is and what aspects of your company are designed to reach that goal. Provide a rationale for why you have or why you have not chosen this to be a social venture.
b. Discuss how your company’s activities will affect the environment and identify the steps you will take to mitigate any negative impacts.
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