¶ … Business Plan
PAGE "Introduction and How it Fits into MBA"
The development of this plan is critical for the enhancement of my MBA studies. In this study, I will try to develop a "for profit" (as opposed to non-profit) company to compete in the U.S. food industry. My organization will be a C Corporation in order to raise money from Angel investors and perhaps Venture Capitalists as we grow. It is my understanding that VC's and Angels prefer C Corporations for a myriad of reasons, but most importantly because of the flexibility of the different classifications of stock that C Corporation afford to its shareholders. In addition, the rationale behind choosing this company is based on the concept that sweet treats and refreshments seem recession proof, and that people will always use their disposable income for sugar or refreshment in. I saw on CNBC a documentary on Coca Cola, which an executive said no matter who you are that you want a few seconds of refreshment in your day. His point was coca cola has been a very successful organization based on this principle. I personally love ice cream and frozen yoghurt. There is rarely a day that goes by, especially in summer, that I don't get at least a soft serve cone at some point in my day.
In the development of this plan, I have appreciated various issues related to a successful enterprise plan. The identification of various stakeholders, the mission statement of the company, and identification of the appropriate market niche for my intended good are all but critical elements. This was possible after this MBA class. I have learnt a lot and appreciated various aspects of marketing from this plan. I believe that if I had not attended this MBA class, I would have encountered many problems developing it.
(2) 2 Pages: Discuss the "Expected Outcomes or Alternatives Anticipated From Business Plan"
The keys to success for this company will be:
The design of the store will be both visually attractive and alluring to clients. The design of this store will be intended for quick and proficient operations. Employees training will be emphasized to ensure the best product preparation techniques are protected. Marketing strategies will be expected to fabricate a strong base of devoted clients, and expand the sales of high edge items such as coffee drinks (Bangs, 2012).
Presently, there are two opportunities Marshal Healthy Foods may also capture and maximize to maximize it income. They are:
1. Internal extension in its existing advancing markets, which intends to procure a great share of the overall industry in the developing nations in which it intends to build operations.
2. Opening worldwide stores in new markets
Expected outcomes from completing this business plan
A business plan is essential in guiding a company towards the path to success. This business plan will enable the company to distinguish its root, select the destination, and plot the most limited distinction between the two focuses (Moran, 2007). This business plan is a blueprint for this business. It will also serve numerous different purposes:
I. It is a definite diagram for the exercises required to build a business. This includes details of products offered, the business sector for the product, and the management of the business providing that item
II. This plan is also the "yardstick" by which as an entrepreneur, I will measure victory of meeting the stated goals and objectives
III. In addition, this business plan is an instrument for getting a loan from a lending organization or for pulling in venture capital (Abrams, 2009).
Every year students are required to develop business plans. This collective procedure offers an assembly of profits. This is an extremely true experience for people who are earnestly considering launching a start-up. Enlisting potential workers and meeting with partners, investors, and venture investors will serve as key steps in the genuine start of a business besides establishing a profitable educational experience (Manian, 2007).
Developing a business permits students to recognize potential issues and opportunities that business may face, evade penalties, fines, or other legitimate issues, acclimate to changes in the commercial world. It will give the business the chance to grow or contract from a position of objectivity. I can share this business plan to potential advisors, partners, and sources of funding (Barringer, 2009).
While seeking to evade disruptive and costly disputes in the future, I will acknowledge the conceivable settling of controversial issues of equity shares, partnerships, and the confidentiality of proprietary data at the onset of rivalry and intellectual property formal agreement. The legalistic nature of this business plan is determined by the normal knowledge of my course content, which is very great (Moran, 2007).
Mission of the...
They do not assume the coffee, their life style. The primary customers are those people, who are youngsters, and middle-aged people as 13 to 21 are youngsters and 22 to 35 are middle aged people. They treat coffee as modish way of living. They prefer to drink coffee as compare to tea. People of upper and middle class will also be targeted and will offer affordable prices which will
Business Plan: Bridal Salon Business Products and services Keys to Success Company description Vision Statement Mission Statement Company background Products and Industry Product Description Industry Description The Market Market and Target Customer Market Segmentation Target Market Strategy Competition and Competitive Advantage Curbing Local Competition Curbing Regional Competition Marketing Strategy Overall Strategy Sales Plan Competitive Plan Research and Development (Growth Plan) The Organization Legal and Organization Structure Key Personnel Related Service Providers Location The Financials Critical Risks Income Statement Cash Flow Projection Balance Sheet Assumptions References Executive Summary Introduction Pace-setter is a bridal salon that rides on the theme of 'experience'. It creates an environment in which
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