This document outlines the requirements for a formal business proposal essay assignment. It must include various sections such as a cover page, letter of transmittal, table of contents, executive summary, introduction, discussion sections, and conclusion. Students must choose between two scenarios for their proposal - starting a small business that provides a needed service or product in a specific location, or proposing a change to improve a community aspect in a town. They are to apply for a small business grant or loan and justify the need for their business or proposed change. The proposal must be compiled into a binder and submitted as a single file upload on Blackboard.