Softball Case Study

Starting a business, one may ask some questions to evaluate his or her ability to run a business successfully. An owner needs to question the finances, the challenges, the strengths, and weaknesses. First, the owners need to know finance: how much capital to startup business, what loans are available based on the business plan and financial statements, and how to keep up with profits and losses to determine the future of the business. Besides determining capital, the owners need to know what challenges they will face. Writing a well-executed business plan is the first challenge and important because it is a guideline to start business and to show lending institution or to attract investors for the business. Also, owners need to think who ideal customers are and who they can target to make a successful marketing strategy. Moreover, they have to think about their competitions because no business operates without competition whether it is direct or indirect. The competition has a significant impact on customer’s buying decisions. In order to compete with their competitors, they have to know their strengths and weaknesses: Are their products unique? Is the product better than the competitors’? Is the price

There is much to consider when expanding a business. How will you make, market, and distribute your product. Are you willing to take full liability for your product and understanding the legalities of what happens if your product is defective? Once that has been established, it’s important to make sure that your business dealings are in order. The strength of the contract and what all it entails. Knowing that the legal document is important more so when things tend to go downhill. Above all is deciding which type of business entity the company will select especially if the company starts out small and looks to

Softball is a sport that is known throughout the world. It originated on Thanksgiving Day in Chicago in 1887. The game was said to have began as an indoor game. Softball was started by a group of men at a club to watch the Harvard vs. Yale football game. When the news came that Yale had defeated Harvard, one Yale fan, picked up an old boxing glove and threw it at a nearby Harvard alumni, who tried to hit it back with a stick.

I started playing tee-ball at the age of five and ever since, softball has been a significant part of my life. I devoted summers to playing travel ball. I made the varsity high school team as a freshman. I’ve played every position and hit in every spot in the lineup. There is almost no place I’d rather be than on a softball field.

The three main challenges when setting up a business are: cash flow, product supply and demand, and human resources. Depending on the type of business, you will have the initial cost of beginning the business prior to any income derived from that business. What type of product are you selling and is there a consumer

As fantasy baseball team owners navigate their way through the arduous dog days of summer, now is the time to tweak MLB lineups to make a run for the league playoffs. If your team has a few pitching gaps, low scoring hurlers that might make the difference between post season appearance and not, there are still some players with low ownership percentages available. Some haven’t met expectations in 2017, but there are prospects on the horizon who may have slipped off the waiver wire radar.

Speech of Introduction General Purpose: To introduce myself through the use of two objects, a softball and a piece of clay. Introduction Someone once said that “the past is where you must learn the lesson and the future is where you apply the lesson. “ A. (Thesis Statement)

My ways of communication to promote my product are cost efficient yet highly effective which is exactly what I will be looking for in having a new product. My goal is to build good relationships with my target audience and be able to have feedback for the product and my forms of communication do just that. Now I am going to have a strong base of consumers who believe in the product and on top of that I am able to advertise the product for nearly nothing to reach a larger scale

In conclusion, having an idea and putting it into action takes more than just words on paper you have to do your home work and hit the ground running so that you can get recognized then you let your products and good customer service do the rest (Davison 2006). The essential components are the needs of the customer, pricing, and value creation proposition, marketing niche and product mix. A screening of the new venture will identify potential markets abroad competitive advantages are low fixed costs, control over costs and location .An opportunity has been screened for exporting of compact exercising equipment to other countries the venture is promising. New business processes along with new technology will provide exercising equipment to small gyms in many places abroad.

From the e-Activity, imagine that your company is a smartphone manufacturer that is launching a new product. Recommend the approach that you would take in order to

You have to design the product taking into account where customers’ tastes are going in the long term, and how much you’re going to invest in developing and mkting it so that it is profitable. If you plan R&D for a new product for the short term, the big risk is that customer needs and preferences grow faster than your product, and if you plan too far ahead, the same needs and preferences may deviate far from how you’ve designed your product.

The introduction stage is when a new product is made and it is lunched into its new market. Some problems that people face in this stage is people don’t know what the product is or they don’t know what it does. So most of the money in this stage is spent on explaining to people what they product does. In the growth stage the market is starting to like and accept the product and sales start to grow. Problems that people run into hear is the sceptics people who don’t believe in the product or don’t see a need for it. So to solve the problem is showing and convincing these people of the need and why it will help them and make their life easier. The maturity stage is when people know of the product and what it does. In this stage this is when sales will reach its peak. Some problems in this stage is up and coming products that are similar to yours and could do more then your product and offers more of a need. So to solve that problem innovate your product. Don’t get complacent at where you are with the product keep evolving the product and keep making better and more appeling. Then there is the decline stage. In this stage the product had become old something better has been created or come a long. This is when sales start to fall. To solve this problem is creating a new product or make server changes to the existing product that makes it better then the

Once I get a couple of clients or maybe one I can start to think about growing the business. To start to grow I need to advertise. Advertising is a completely topic but to put it simple I need to find a place to achieve this most likely social media or job posting websites. When I start to advertise the product i will most likely get more clients to start to get bigger. At this point I might consider more staff. I also should at this point have completely payed off my investors. I will start to get bigger hopefully in a couple of months I hope to have at least 3 staff manning different clients. During the school year i will most likely start to slow

Although the technical aspects of bringing an invention to the production stage are tedious and challenging, this is a crucial stage for you and will determine the economic feasibility of moving forward. You need to figure out who you can trust, where your startup capital is going to come from and whether or not you should form some type of company now. Depending on your educational level

Starting a new product is never easy for a company. The difficulties they face are diverse in nature, and often they lack initiatives so that customers are not interested in the product.