Executive Summary Essay

Imagine you are hired by a new start-up company. You are tasked to recognize and explore a new business opportunity of creating a new product or service for your company. As part of your new business vision, you will create a business plan describing all keys elements of the business opportunity which will ultimately be presented to an executive team in a venture capital group for possible funding and execution.

Then the report will look at the different formation charts, aims, and objectives and stakeholders. To see how they influence the success of this business. All of these helping to achieve their aims and objectives.

Beginning a new business venture sounds like a easy task. All you need is a great idea, opportunity to select your team so you can begin to make some moves and find a few investors to invest in to this dream you have. Before you know it you are making a profit and moving onto a new location. Sounds easy but there is much more that goes into starting a new business than most people may know. To accomplish this, the business has to satisfy several objectives that exclusively add to the business. This paper will narrate some of the particulars of previous works from week two, three, and four with information such as the business and

Your Executive Summary is a synopsis of critical information that is found in the other seven Marketing Plan sections. It

Describe goals and objectives as they apply to business. pg 181-182; wk 6 lecture, pg 1

“provides an overview of the previous year of operations and how the company fared in that time period” and will usually also, briefly, discuss the projections for the next year, outline future goals for the company, and briefly address any upcoming projects (Investopedia, n.d.).

Imagine you are hired by a new start-up company. You are tasked to recognize and explore a new business opportunity of creating a new product or service for your company. As part of your new business vision, you will create a business plan describing all keys elements of the business opportunity which will ultimately be presented to an executive team in a venture capital group for possible funding and execution.

This is a comprehensive, laser focus and in depth session specifically designed for established businesses.

Lag between time when they are paying their suppliers and employees versus time it takes to collect receivables from customers (30-60 days)

a) Describe the preferred timing and objectives of your business plan.Include an Excel spreadsheet with critical decsions and dates. (Refer to MGT455 Operations Management for ideas on how to present the information.)

What data do you need to collect, and from whom, in order to construct a cash flow budget?

What goes in a business plan? The body can be divided into four distinct sections:

Many "me-too" or run-of-the-mill businesses fail because they do not distinguish their product or service from those of competitors. Successful ventures carefully carve out a distinctive marketing niche by doing something different. The following checklist will help you design your marketing niche and increase sales. Each of the preceding tips is discussed below. Marketing Tips Checklist 1 - Know what your customers want. 2 - Make your product or service the best it can be. 3 - Analyze your competitors and capitalize on their weaknesses. 4 - Establish a complete customer profile database. 5 - Give your good customers a little extra. 6 - Use direct marketing to discover how to improve. 7 - Stay in close and constant communication

The operations of the business is critical in a business plan because it describes the main components of your business. Management duties and responsibilities can be addressed in terms of the day-to-day operations. This includes what each day of the week will entail for the schedule of the business. Likewise, many topics should cover the nuts and bolts of the business such as production and manufacturing, inventory, and distribution. Topics such as the location, employees, and equipment should be considered to provide the most competitive advantage and success for the business. Lastly, every business requires a structured form of legal registration for licensing, insurance liability and tax purposes.

Knowing who your competitors are, and what they are offering, can help you to make your products, services and marketing stand out. It will enable you to set your prices competitively and help you to respond to rival marketing campaigns with your own initiatives. You can use this knowledge to create marketing strategies that take advantage of your competitors ' weaknesses, and improve your own business performance. You can also assess any threats posed by both new entrants to your market and current competitors. This knowledge will help you to be realistic about how successful you can be.