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Southeast Quality of Life <br />Strategic Neighborhood Action Plan <br />3. Match the capabilities and interests of residents with product and service <br />gaps in the neighborhood. <br />4. Identify three to five potential product and service opportunities for further <br />study. <br />5. Work with Notre Dame and IUSB to develop preliminary market information <br />on those products and services, <br />6. Identify the specific goals to be achieved by the creation of the community <br />based business ie... income for SEQL, employment, ownership, improved <br />working conditions/benefits, more convenient/more affordable goods and <br />services. <br />7. Determine the appropriate legal business type to reach the goals ie... <br />cooperative, SEQL for -profit/ non-profit subsidiary, collective, corporation, <br />partnership. <br />8. Identify appropriate business participant candidates. <br />9. Work with candidates to create a business plan. <br />(a) Prepare statement of purpose. <br />(b) Define products and services. <br />(c) Prepare overview of industry characteristics and environment. <br />(d) Outline market potential, assessment of competition, and marketing <br />strategy. <br />(e) Outline management structure and individual capabilities. <br />(f) Develop financial structure, accounting principles, start-up needs, <br />and cash -flow projections. <br />10. Identify start-up funding. <br />11. Encourage neighborhood residents to support the business. <br />How Does the Strategy Address the Goals? <br />The Task Force identified three goals that they hoped to achieve through the <br />implementation of the seven strategy elements. <br />82 <br />