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| All things are difficult before they are easy. - Thomas Fuller |
| Business Plan |
| Legal Enviroment of Buisness - Daily Assignments | ||||||||||||||||||||||||||||||||||||
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Business Plan
A business plan if a series of documents that serves as a blueprint for building a business. A business plan includes information about the business, the industry in which it competes, its products and/or services, its customers, its competitors, and its finances. Because starting a business can be an overwhelming task, business plans allow business owners to break the process down into small, easy-to-manage sections.
In this assignment, you are going to research/assemble/organize the information needed for a very basic startup business plan. Use Word to complete this assignment. Format and present your information in a professional manner.
Decide on a Business
Choose a business from the list below to start. Consider the following factors: your interests, abilities, startup money and necessary resources, profit potential, pleasure, and your availability.
landscaping
mobile car wash/car detailing
bicycle repair/refurbishing
child care
pet grooming
pet care (sitting/walking)
arts & crafts
pet treats
gutter cleaning service
food preparation/cooking
general cleaning service
desktop publishing
PC tutoring
academic tutoring
house painting
freelance writer
artist
photographer
music instructor
hairstyling
Executive Summary
1. What is the name of the business?
2. What is the purpose or mission of the business? (your mission statement)
3. What image do you want this business to portray? (professional, hip, young, cutting edge, traditional, etc.)
Product or Service Plan
1. Describe in detail the product/service your business will be providing.
2. Prepare and attach a sample menu, product list, sample book or other information on your product/service. (This is what you would show to potential customers.)
3. What are the benefits of your product/service?
Marketing Plan
1. Describe your target market(s) in order of their importance and include the estimated percent of your total sales you anticipate you will receive from each market.
2. Where will you typically find your target customer?
3. What need or want will your product/service provide for your target customer?
Market Research
1. Attach a sample of your business logo.
2. Describe your three main competitors.
3. What is your business’ competitive edge over the competition?
4. Describe the marketing methods that will be used to sell to your customers.
5. Describe how you determined the selling price of your product/service.
Operations Plan
1. What are your hours of operation?
2. What environmental issues affect your business and how will you deal with them?
3. Determine the “Code of Conduct” your business wishes to follow. (code of ethics)
Financial Plan
1. What are your startup expenses?
Ø Inventory
Ø Supplies
Ø Equipment
2. The amount of cash available to start your business is ________.
3. What additional funding is needed?
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