Expert answer:Business 101: Making a business plan
Expert answer:I uploaded my Assignment #1 to give you an idea how to make my business plan. I have also uploaded PART 1 to my assignment which is what you have to create following the formatProfessors Instructions: We are going to start putting your idea from the Assignment #1 here with more formal structure.You will start with responding to the following sections ( Please see the three page attachment I have provide called Assignment #3 part 1Business Description & VisionDefinition of the Market Description of the product or service from the creating idea templateUse the template I have provide to complete these sections and attach it here.
assignment__3___part_1.pdf
assignment__1_devleoping_an_idea.pdf
Unformatted Attachment Preview
Business Description & Vision
This section should
include:
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Mission statement (business purpose)
Company vision (statement about company growth)
Business goals and objectives
Brief history of the business
List of key company principals
After reviewing this
section the reader
should know:
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Who the business is and what it stands for
Your perception of the company’s growth & potential
Specific goals and objectives of the business
Background information about the company
Start here…..
Definition of the Market
This section should:
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•
•
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•
After reviewing this
section the reader
should know:
Start here…..
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Describe your business industry and outlook
Define the critical needs of your perceived or existing
market
Identify your target market
Provide a general profile of your targeted clients
Describe what share of the market you currently have
and/or anticipate
Basic information about the industry you operate in
and the customer needs you are fulfilling
The scope and share of your business market, as well
as who your target customers are
Description of Products and Services
This section should:
•
•
•
After reviewing this
section the reader
should know:
•
•
•
Start here…..
Specifically describe all of your products and services
Explain how your products and services are
competitive
If applicable, reference a picture or brochure of your
products, which would be included in the plan’s
appendix
Why you are in business
What your products and services are and how much
they sell for
How and why your products & services are
competitive
Assignment #1: Creating an Idea
This is where you would start creating your idea for a business that you would want to get involved,
obviously you took this class because you were interested in the transaction of business. These are
your first 10 steps in getting started. Answer with 2 to 3 bullets for each of the items listed here ( 1
through 9)
1. Think about what goods or services would improve your life.
2. A good that will improve my life at the moment would be the new iPhone
3. good: a new dress
4. Service: a car wash
5. Service: a manicure
2. Decide whether you’d like to provide a product or a service.
1. I would like a provide a service.
2. Somehing that has to do with finance like banking or investment advising…
3. Identify a problem with the existing industry.
1. A current problem facing the existing industry is identifying the highest value source for
your brand, product or service
2. The digital transformation of the modern corporation
4. Build upon an existing business idea.
1. An existing idea is starting a small food business from home like opening a baby food
production factory
5. Look towards the future.
6. Prospering in the baby food business
7. Selling my products in stores worldwide
6. Conduct preliminary consumer research: Target audience: the families of the infants
7. Ages: 1-2 years
8. The buyer would be parents of the infants
9. User: the infants
10.Price per jar: $1.39
7. Apply your skills to a different field.
1. Another field I’d apply my skills to would be health care; hospital work, medical practice…
8. Think about what goods or services would improve your life.
9. A good that will improve my life at the moment would be the new iPhone
10. good: a new dress
11. Service: a car wash
12.Service: a manicure
9. Decide whether you’d like to provide a product or a service.
1. I would like a provide a service.
2. Somehing that has to do with finance like banking or investment advising…
10.Try to limit your thoughts to a page
…
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