(Community Space Business Plan) ENTR 4433 Business Plan Development

Project Description : Community Space Business Plan Welcome to Cherry Tree Lane! We are thrilled to present an exciting opportunity for talented MRU Business students to contribute to our innovative project, Community Space Business Plan. Main Goal : The primary objective of this project is to build a business plan to bring our community space to life! Leveraging profits from the retail side of our business, the community space is intended to bring people together without barriers to accessing the events and opportunities put on there. Events we've hosted already include artists workshops, story time, book clubs, and community parties. We aim to keep the costs as low as possible, offering free rental for the space for artists, and a sponsored ticket option for participants unable to fund their own entry. The main goal of this project is to build a model for which we can continue to keep the community space free of financial barrier, while leveraging sales from our retail shop or through sponsorship opportunities with other companies that share our values. We want students to not only understand the significance of their contributions but also feel confident that the project is manageable within a realistic timeframe from September 20, 2024 - December 10, 2024.