Business Plans
Marketing Plan and Evaluation
The marketing plan should revolve around the marketing mix. The mix encompasses the four Ps of marketing, each of which will be addressed in turn in this business plan. The four Ps are product, price, place and promotion (NetMBA, 2010). ith respect to product, the coffee shop will be a premium example of a coffee shop. Australia has an exceptional coffee culture, so good that it is the envy of the world, and exported to foreign nations like Singapore, Hong Kong and the United Kingdom. The quintessential Australian coffee shop experience and the products related to that experience is what we are selling. The experience itself will be familiar to anybody who has patronized a high quality coffee shop -- relaxed atmosphere, well-trained staff, good music, free ifi and other service elements. The product will consist of high quality espresso primarily, and the drinks that go…...
mlaWorks Cited:
AIEX. (2012). Gloria Jean's coffees exporting to the world. Export Council of Australia. Retrieved May 16, 2012 from http://www.aiex.com.au/business-services-1/gloria-jeans-coffees-exporting-to-the-world
Goldenberg, S. (2011). Starbucks concerned world coffee supply is threatened by climate change. The Guardian. Retrieved May 16, 2012 from http://www.guardian.co.uk/business/2011/oct/13/starbucks-coffee-climate-change-threat?newsfeed=true
Investopedia. (2012). Foreign exchange risk. Investopedia. Retrieved May 16, 2012 from http://www.investopedia.com/terms/f/foreignexchangerisk.asp
Michelli, J. (2007). The Starbucks experience. Starbucks Experience.net. Retrieved May 16, 2012 from http://www.starbucksexperience.net/audio.html
Business Plans
Investment Decisions
An Analysis of Three Business Plans in Regards to their Riskiness
This paper will examine three separate business plans and rate these plans based on the level of risk and the cost of capital that should be awarded to these plans. Of the three plans considered, a plan for an expansion of a coffee production facility in South America carries the least risk. An investment opportunity for a truck stop in Texas was estimated to carry slightly more risk but to be a relatively solid investment. Finally, an investment opportunity in a marketing company that targets high-tech firms and provides marketing services for firms who wish to enter foreign markets was recognized as the riskiest investment although it also has the highest potential rewards.
Acme Consulting
Acme Consulting involves a proposed business that specializes in a fairly focused niche (Palo Alto, N.d.). The organization will focus on the marketing of high-tech…...
mlaWorks Cited
Bplans. (N.d.). Coffee Export Business Plan. Retrieved from Bplans: http://www.bplans.com/coffee_export_business_plan/executive_summary_fc.cfm#.UFCjnI1lSBo
Bplans. (N.d.). Truck Stop Business Plan. Retrieved from Bplans: http://www.bplans.com/truck_stop_business_plan/executive_summary_fc.cfm#.UFCjko1lSBo
Palo Alto. (N.d.). Acme Consulting. Retrieved from Palo Alto: http://www.paloalto.com/sampleplans/bpp7/enu/live/acmeconsulting_live.pdf
Business Plans
Investing and Risk Analysis
Investment decisions involve consideration of both quantitative and qualitative factors. The focus of business classes, many times in on the quantitative portions of the plans. However, these "forecasts" do not predict the future, or the success of any business endeavor. At best, they demonstrate that the prospective business has at least given operations some thought, but they do not ensure the success of a business. Investment analysis involves consideration of both the financial statements and qualitative factors that hinge on the edge of being called "intuitive" factors in the business plan analysis. The following will discuss the "intuitive" factors involved in assigning a discount rate to three business plans, based on the perceived risks involved in each of them.
Ice Dreams is a unique idea that is built on the concept of an already popular consumer commodity, Sno Cones. According to the business plan, the consumer will…...
CSE is capable of fine-tuning, improving or repairing solar panel systems as need be. The company is also capable of providing consulting services. There are many customers who do not fully understand how solar energy systems function and can benefit from the consulting function. Consulting will also act as a marketing tool, driving customers to our sales and installation business.
In the early stages, the business is expected to be small. The partners will be responsible for the company's work in the early stages of development. The staff will number three. However, because we view the market as being subject to rapid growth, it is expected that the company will be able to grow rapidly. There are contingency plans in place to help shepherd the company through a rapid growth process.
During the launch phase of the company, a small office will be required to support the back office function. One…...
mlaWorks Cited:
Change.gov. (2010). Dramatic action. Change.gov. Retrieved May 3, 2010 from http://change.gov/newsroom/entry/dramatic_action/
SolarBuzz.com. (2010). Fast solar energy facts. SolarBuzz.com. Retrieved May 3, 2010 from http://www.solarbuzz.com/fastfactsindustry.htm
USCity.net. (no date). Connecticut solar energy directory. USCity.net. Retrieved May 3, 2010 from http://connecticut.uscity.net/Solar_Energy/
Connecticut Clean Energy Fund website, various pages. (2010). Retrieved May 3, 2010 from http://www.ctcleanenergy.com/
Business Plans
BSBMGT604A Manage Business Operations:
Main Points:-
(A) Implementation of Tactical and Operational plans. (i) Supply chain of resources to organizations or department set-up and functioning efficiently. (ii) equirements for skilled labor are fulfilled as per plans (iii) Actions are aligned as per the scheduling needs of plans (iv) Preventive and breakdown maintenance arrangements for business systems are unified into operations (v) Cost maintenance and control systems are executed (vi) Performance measurement systems are checked-up and made functional (vii) Projects are started in keeping up with the project management plan (viii) Co-operation of people, resources and equipment supply produce maximum results. (ix) Products / services satisfy quality and functional specifications (x) Communication / consultation are taken up as per plans (xi) Execution is dependable with the business and strategic plans in place. (Competencies BSMGT604A: Manage Business Operations)
(B)Performance Monitoring: (i) Performance indicators and norms for evaluation are approved and put in place (ii)…...
mlaReferences
Competencies-(BSMGT604A): Manage Business Operations. Retrieved from inputRef=24084& sCalledFrom=std Accessed on 30 June, 2005http://www.ntis.gov.au/cgi-bin/waxhtml/~ntis2/unit.wxh?page=80& ;
Competencies -- (BSBMGT603A) Review and develop business plans. Retrieved from
Malone (1996) suggests where there is a city (Melbourne) and water, (Riverfront) there is capital and room for much in the way of growth and financials.
3.7 Promotional strategy
Shells will distinguish itself from competitors by providing consumers a fine dining experience without the costs normally associated with fine dining. Shells will provide customers an experience that fulfills their dreams and desires. Sections of the restaurant will cater to consumers interested in capturing certain themes or emotions during their fine dining experience.
Legal Requirements
4.1 Legal Structure
Shells Fine Dining is established as a partnership.
4.2 Licensing
Shells will acquire appropriate licensing including licensing as a commercial dining establishment and liquor licensing as requirement by the City of Melbourne.
4.3 Insurance
Shells will obtain all insurance as required by a fine dining established as per the City of Melbourne's legal requirements. This insurance will also cover natural disaster or loss of property due to unforeseen events or natural…...
mlaBibliography
Dovey, K., Sandercock, L. (2002). Pleasure, politics, and the public interest: Melbourne's
Riverscape revitalization. Journal of the American Planning Association, 68(2): 151
Ley, D. (1996). The new middle class and the remaking of the central city. Cambridge:
Malone, P. (1996). City, capital and water. London: Routledge.
In addition to these activities, a professionally done Website where the weekly webinars will be hosted from, and a list of in-person events the company is sponsoring will also be provided. CFOS and CEOs are the ones in content providers making the decisions of whether to monetize their content. Advertising and sales promotion must concentrate on events where these specific professionals are in an attempt to gain their interest and potential trial of the Web content monetization system. Table 1: Proposed Launch Budget breaks down by line item the essential steps to launch the proposed Web content monetization system.
Table 1: Proposed Launch Budget
Costs
Website Development include support for Webinars and landing pages for lead generation
$350,000
Series of advertisements in CFO and CEO Magazine
$400,000
Production of a series of testimonial videos for YouTube of early adopter companies -- interviews with their CEO and CFO
$70,000
Sponsorship of content provider Industry Events
$10,000
Event Marketing Strategies to gain…...
mlaReferences
Andersen, R. (2008). The Rhetoric of Enterprise Content Management (ECM): Confronting the Assumptions Driving ECM Adoption and Transforming Technical Communication. Technical Communication Quarterly, 17(1), 61-87.
Gerry Coleman, & Rory V. O'Connor. (2008). An investigation into software development process formation in software start-ups. Journal of Enterprise Information Management, 21(6), 633-648.
Hakan Erdogmus. (2007). On-Demand Enterprise Services: Where's the Catch? IEEE Software, 24(4), 5.
Knight, G.A. And Cavusgil, S.T. (2004), "Innovation, organizational capabilities, and the born global firm," Journal of International Business Studies, Vol. 35 No. 2, pp. 124-41.
Current liabilities will lie in staff payrolls, and more drastically in staff experience, which can correlate directly to the loss of business through unhappy customers. Incompetent and inexperienced staff can prove costly in any service-providing corporation. This may require a level of spending necessary to ensure staff competence through company provided training.
Maintaining records for any individual on the company payroll is a cumbersome, but imperative aspect of liability. Outsourcing this requirement may prove to be the most cost-effective and simplest method of approach. Many payroll companies offer legal services, such as employee handbooks and other company pertinent legal matter, as part of their services. This option alone could save thousands through the initial periods of development.
In order to maintain a spa and health business of the operation magnitude sought, there will likely be a necessity for at least three different departments; cosmetology, customer service/administrative and managerial. Using job order cost…...
Based on this assessment of the market conditions, we feel our most competitive product is our new Abodo Pork Burger. This product appeals to the traditions of three ethnic groups in our area -- Cuban, Filipino and Mexican -- because of the use of pork and the spicy, chocolaty flavors of the adobo sauce. It also is expected to have significant crossover appeal to mainstream audiences, given the familiarity of the core flavors.
Our company is a mass market firm, so we view this product as having mass market potential. Initially, however, we will focus our marketing efforts on the Cuban and Mexican communities. The target consumer for this product will be a male, aged 25-50, which is not only our core audience but is the most likely consumer of such a meat and spicy heavy product. This consumer will be lower to middle class. He will live in either the…...
mlaWorks Cited:
Cisneros, H. (2009). Latino population growth challenges U.S. future. Newsweek. Retrieved November 28, 2009 from http://thelatinojournal.blogspot.com/2009/01/latino-population-growth-challenges-us.html
Hisrich, R., Peters, M. & Shepherd, D. (2005). Entrepreneurship. Chapter 7.
United States Census Bureau website. (2009). Various pages. Retrieved November 28, 2009 from http://www.census.gov/
Business Plan Outline
Writing a business plan outline is a little different from writing an outline for an essay. You want to make sure that you have all of the parts, but you may not be structuring each part in the same way. That is why we are providing a blank template for a business plan outline. This will help you know what parts you need to include in your business plan outline and make sure that you have included all of the information you need, whether your business plan is being completed for coursework or as part of a business pitch for investors.
I. Executive Summary
A. Mission
B. Company and Management
C. Services
D. Market
E. Competitive advantages
F. Financial projection
G.…...
The company has to minimize the operational and unnecessary cost by efficiently complying and contemplating on the stance of cost effectiveness. The company has to allocate its funds somewhere, where it has surety that it will return worthy.
The first three years are very important for the sake of the organization, which can be visualize by the graph increasing year by year (YOY) depicting a positive sign for the long run of the organization.
3) the last strategy is to increase the market value of the company's share. The company has to maintain its incredible growth while enhancing the sales turnover and gross margin which will certainly leave a positive effect on the market value of shares.
Customer Value Perspective
You always listen that customer is always right and without customer there will be no business. The statement is quite true indeed as any thing you manufacture, or any service you wish to…...
mlaReferences
Balance Score Card Basics, retrieved from, Accessed on 30-Jan-2011http://www.balancedscorecard.org/BSCResources/AbouttheBalancedScorecard/tabid/55/Default.aspx ,
Balance Score Card, retrieved from, Accessed on 30th-Jan-2011http://www.referenceforbusiness.com/management/a-Bud/Balanced-Scorecard.html,
Perspectives of Balance Score Card, retrieved from, Accessed on 30th-Jan-2011http://tutor2u.net/business/strategy/balanced-scorecard-perspectives.html ,
Examples of Companies using the Balanced Scorecard, retrieved from, Accessed on 31st-Jan-2011http://www.organizedchange.com/examplesofcompaniesusingthebalancedscorecard.htm ,
Fire Alarm Business A fire alarm company is one of the business opportunities available for potential small and medium business owners. Similar to other businesses, starting a fire alarm company is a complex process that requires a lot of work on the part of the entrepreneur or small business owner. Given the complexities involved in starting up a business from the ground up, there are several steps to consider when starting a fire alarm business. The first step is the ideation phase, which entails generating and refining the business idea (Gibson par, 1). The process of establishing such a company begins with generating a business idea, which in turn becomes the premise for developing a good business plan. This process entails conducting a quick search of existing companies or competition in the chosen industry. The entrepreneur establishes what existing companies are doing, current gaps in the market, and how to…...
mlaWorks Cited Conlin, Bennett. \\"How to Start a Business: A Step-by-Step Guide.\\" Business News Daily. Business News Daily, 18 Mar. 2019. Web. 7 Apr. 2019. . Gibson, Allison. \\"A Beginner\\'s Guide On How To Run A Fire Alarm Business In Chester.\\" Social Enterprise Support Centre. Social Enterprise Support Centre, 12 Sept. 2018. Web. 07 Apr. 2019. . Moore, Wayne D. \\"Growing Your Fire Alarm Systems Business.\\" Electrical Contractor. Electrical Contractor Magazine, May 2008. Web. 07 Apr. 2019. .
Creating a business plan for a fire alarm business involves several key components, from market analysis to financial projections. Here's an outline for your business plan:
1. Executive Summary
Business Name: [Your Business Name]
Mission Statement: A brief statement on your business’s goals, focusing on safety and reliability.
Business Objectives: Short-term and long-term objectives, such as market penetration, revenue targets, and expansion plans.
2. Business Description
Overview of the Fire Alarm Industry: Current trends and growth potential.
Business Offering: Detailed description of products and services (e.g., fire alarm systems, installation, maintenance).
Unique Selling Proposition (USP): How your business stands out (e.g., innovative technology, exceptional service, competitive pricing).
3. Market Analysis
Industry Analysis: Size, trends, and growth projections of the fire alarm industry.
Target Market: Define your primary market (e.g., commercial properties, residential areas, industrial sectors).
Competitive Analysis: Identify major competitors and analyze their strengths and weaknesses.
4. Marketing and Sales Strategy
Marketing Plan: Strategies for reaching your target market (e.g., online marketing, trade shows,…...
Philippine Bistro
Concept
The restaurant concept is for a restaurant that specializes in Philippine turo turo style dining. This type of dining is similar to a buffet, in that a number of different items are on display. The difference is that the customer points to the items that they want, and the server then gives the customer a portion of those items. The food will be focused on traditional Philippine dishes.
Target Market
In our city, there is a fairly large Filipino population. Yet, the population is not yet served by any restaurant. As such, Filipinos in this area either eat at home, or they must eat other foods that are not of their culture. Eating is an important aspect of Filipino culture, and as such having some restaurants to meet this need is important. Further, there is a belief that many of the non-Filipino people in the area will be curious about the…...
OrganiGram Holdings has a few strengths on which is can draw in order to thrive in the post-legalization market. The first strength lies in the cultivation talent. The company has been producing for the medical market for several years, which means that it has developed competency in the agricultural side of the business, producing different strains that deliver particular medical results. This talent will be important going forward into the legalization era. Further, the company has been able to develop competency in the manufacture of edibles. This market is particularly lucrative in US states that have fully legalized cannabis – being able to deliver products with a specific THC or CBD level, in a variety of formats including mints, cookies and bars, is essential to being competitive in the recreational marketplace. The business savvy of the ownership group is another strength, because when the recreational market opens up there will be…...
mlaReferences
Castaldo, J. (2017) How big is Canada\\'s pot market, really? Macleans. Retrieved November 24, 2017 from Crawley, M. (2017). Marijuana economics: predicting Ontario\\'s legal pot market. CBC News. Retrieved November 24, 2017 from http://www.cbc.ca/news/canada/toronto/marijuana-ontario-price-market-sales-1.4298311Zochodne, G. (2017) Amid the green rush, suits are taking over Canada\\'s cannabis industry. Financial Post. Retrieved November 24, 2017 from http://business.financialpost.com/commodities/agriculture/amid-the-green-rush-suits-are-taking-over-canadas-cannabis-industryhttp://www.macleans.ca/news/canada/how-big-is-canadas-marijuana-market-really/
The Profound Impact of Academic Preparation on Learning and Problem-Solving
My academic preparation has profoundly shaped my approach to learning and problem-solving, equipping me with a multifaceted skillset that encompasses critical thinking, analytical reasoning, and adaptable problem-solving strategies.
Critical Thinking and Analytical Reasoning
One of the most formative aspects of my academic journey has been the emphasis on critical thinking and analytical reasoning. Through rigorous coursework and thought-provoking discussions, I have honed my ability to deconstruct complex ideas, identify underlying assumptions, and evaluate arguments with a discerning eye.
This foundational skill has empowered me to approach learning situations with an inquisitive and analytical mindset.....
Impact of a New Tax on Commercial Office Space on the Market
The imposition of a new tax on commercial office space can have significant ramifications on the real estate market, affecting both landlords and tenants. Here's a detailed analysis of the potential responses and implications:
1. Reduced Demand for Commercial Office Space:
A new tax on commercial office space will inevitably increase the operating costs for businesses. This will make it more expensive for companies to lease or purchase office space, leading to a potential reduction in demand. Businesses may explore alternative options such as remote work, reducing their physical space requirements,....
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