OBJECTIVES
Combining business school education, professional/personal development training, self
education along with life experiences directed me toward beginning a career as an
entrepreneur. Many years have been spent taking classes and exploring various business
opportunities. I started my college career as a business major. During that time, I also
studied various art mediums to explore creative talents. In my junior year, I decided to
combine those strengths and interests into my career path. Now that graduation is closer
it is time to formulate and began executing a plan for the next 5 to 10 years of my life.
Short Term Goals
I have five main short-term goals, which include
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The first is the great need for small businesses for future economic growth, locally and internationally. There is a tremendous need for small business to keep up with technological advances and environmental changes. Small business can innovate and create new jobs at a faster rate than their larger competitors. Unfortunately, living in times of high crime, recurrent natural disasters and, bad weather conditions all in the mist of being extremely busy due to work and family demands is where I find opportunities to provide a service that is in demand . Owning a small business can be very challenging but with planning and organizing, allotted time will allow for personal interest endeavors such as travel and art.
Finally, the threats I have include average competition, which is expected with a low cost high profit margin start up venture. Through research, I have found two companies in the Richmond Virginia area. There are companies on the internet that market home inventory software and not the bells and whistles of technology nor the personalized service aspect of the business like I will offer. But, the homeowner himself can accomplish this task if they choose to invest the time and effort. Another consideration is the rate of expansion, which is lower on average, than other businesses but once again, this business has high profit margins, on average than other businesses.
Personal Marketing
This group will most likely be living alone in an apartment or single family home in the low income section of town that is situated close to strip mall type of shopping center, which may or may not have a major anchor store.
A. Describe the environment, as viewed by Michael Porter’s model of competitive forces, that Valuejet was trying to compete in. consider competition, suppliers, customers, new entrants, substitute products? The five competitive forces that shape strategy are competition, suppliers, customers, new entrants, substitute products. Michael E. Porter demonstrates how the five competitive forces can be used in any industry. The results from all five forces not only look at the narrow aspect of competition rivals but as well as broader aspect of competitive interaction within an industry. These five competitive forces can also be used in the case of Valuejet. Competition within the airline industry is highly
We will market to tech savvy female college students that look for value in their limited amount of spending on electronic products. Also, our consumers will be music lovers that enjoy listening to the radio during studying and leisure time. The consumers purchasing our product will have a limited amount of space for many different products and will be looking for a product that can combine many of their other products all in one.
The walkways were adequate for foot traffic in both directions. The staff was able to conduct their business without any congestion within the
Masters Home Improvement is one of Australian home improvement and hardware store which only have two years’ experience. The beginning of Masters Home Improvement was established under the program of joint venture between Australian retailer, Woolworths Limited and American home improvement and appliance stores, Lowe’s. The very first store opened on 1 September 2011 in Braybrook, Melbourne. Now there are 33 stores in Australia. In 2012, the transactional website was launched that made Masters Home Improvement win the title of Australia's first online hardware and home improvement retailer. Masters Home Improvement strives to provide marvellous shopping experience that consumer have never experienced before via marketing
Throughout the research paper, Phillips outlines the possible problems, critical issues, and major priorities small business owners should consider as they move forward within their specific business plans. Additionally, Phillips describes many of the pitfalls associated with specific industries, such as agriculture, wholesale trade,
Power leisure is a small warehouse based retail seller of fun on road and off road leisure equipment. Introduction ‘Marketing is the function that links the company and the customer to get the right product to the right place at the right time’. (www.tutor2u.net/business/marketing) while identifying, anticipating and satisfying customer wants and needs. Power leisure is a small warehouse based retail seller of fun on road and off road leisure equipment such as dirtbikes, mini motos, and quadbikes.
This research undertaking focuses on development of a personal marketing plan for a potential job applicant in a modern organization. Its core indulgence revolves around the overall desire to guarantee positive outcomes in instances where individual intend to secure a job placement in a corporate entity. The introductory segment looks at the situation analysis and the factors that are integral to securing employment. The analysis evaluates on how applicants can focus on their strengths in a bid to project a positive image of their character and personality. People can only provide adequate and accurate information if they understand what the employer is looking for. This aspect of a personal marketing plan is covered in the situation analysis segment. The strategic direction section is also important because it merges factors that the applicant encounters in the job market. The applicant must understand their personal attributes and reflect on how such attributes contribute to their success in the job market. This marketing plan also covers the market strategy in regard to identification of areas that compliment personal strengths. The marketing plan also looks at the need to conduct a SWOT analysis in a bid to understand strong areas and identify those that require effort and improvement. Generally, this marketing plan
The aim of this report is to propose an effective marketing plan to be presented to the financial investors who have agreed to invest capital in cosmetic business. A proposed plan is required which work as a layout to start any business. This report is made after analyzing the target market and the trends that may affect the growth of the business. Cosmetic industry is already an established industry and there are many companies already in the market which offer quality products and therefore; an effective plan and its implementation is detailed in this project report.
Marketing planning is a systematic process involving the assessment of marketing opportunities and resources, the determination of marketing objectives and the development of a plan for implementation and control.’ Dibb and Simkin, Marketing: Concepts and Strategies, 2001
It was moved (Ulmer) and seconded (James) to approve the agenda presented with the revision of adding item; Update on Existing & Ongoing Projects (IV). The motion was approved.
Level of user involvement, typically measured via behavioral proxies such as frequency, intensity, or depth of interaction over some time period.
Studies show that companies with a marketing plan in place are more likely to be successful in their marketing efforts. One study showed that businesses that plan grow 30% faster. According to another study, 71% of fast-growing companies have plans. Those companies create budgets, set sales goals, and document marketing & sales strategies.
Every marketing plan needs to involve some level of marketing research to validate any marketing initiative and to understand what your customers really want. But what are the best research methods to use to suit your specific business needs?
A plan is a way of achieving something or course of action for the desired goals. Marketing plan is a business document written for the objective of describing the current market position of a business organization. In today’s globalized world marketing planning plays a very crucial role in the business sectors through all over the world. A marketing plan can be part of an overall business plan. According to the case of “Nelson Professional Clothing” they unable to keep pace with the market condition because of different types of economical problem and other impediments. A good environmental analysis will take account of both internal and external factors armed with a thorough understanding of the marketplace and their specific strengths and weakness a business is now much better placed to adopt a relevant strategy in order to be successful. Nahapiet, J., andGhoshal, S. (1998),