Swot Analysis for Chinese Company

After gaining enough knowledge on the types of business structure, business owners can proceed to the process so that their plans of owning a business will turn into reality. After reading several resources, the process will be divided into five stages. The first stage is the planning and research. This involves developing viable business ideas, knowing the target customers and possible competitors, searching for the right location, thinking what will be the business name, and marketing strategy. In this stage, a business plan should be made. Business Link (2016) refers, “business plan as a document that defines why you’re in business, your goals, and how to achieve those goals and it also covers all major aspects of the business, including

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.

A Business plan will also influence the CEO to clearly outline the intended niche and target market through research; possessing a transparent understanding of the demographics, behaviors, geographic’s, and psychographics (lifestyle) argued Parmele (2013) from business plans.com. Additionally, completing a business plan will allow the company to be more realistic differentiating their products, marketing approach, and determining financial factors involved.

If the company wants to solve its problems and become attractive for the potential investor, it should solve all its problems. The most important, company has to develop a business plan. In this plan, all the problems will be solved through stating company’s vision, mission, objectives, marketing, production and financial plan.

Barringer, B. R. (2009). Preparing Effective Business Plans: An Entrepreneurial Approach. Harlow: Pearson Education Limited.

The first step to starting a business is to create a business plan. A business plan is a document that outlines the overall strategies of a new venture and how those strategies will be implemented (Ebert &

There are some strengths and weaknesses that have been made clear about the project plan in the case study, “Beijing EAPS Consulting, Inc.” in the Custom Book, (2011). These

In this regard, the general format of a business plan should have a section such as the executive summary, the offer, product description, overview of the organization, situational audit, key strategic issues, specific strategies, risk analysis and the action plan (Barrow, Barrow and Brown, 2008). In the current Ride the Waves business plan, some of the key sections are missing. For instance, the new product is not comprehensively described by the author. Generally, it is a requirement to describe the product in its own section. In the case of this plan, the author just mentions the product among other offered products of the firm. In addition, the plan lacks strategic sections such as marketing strategy, the business strategy, competitive strategy among others. Besides, there is a serious disconnect between the executive summary and the main body of the plan. An executive summary should be based on what is included in the plan.

This business plan refers to opening a restaurant that provides Asian food. The restaurant is intended to sell fresh Asian foods, beers, fruit drinks and wines. I decided to start with these products because they aim at mass market and every age group of Asians in the market will purchase one product or the other, by doing this I'll make money from one product or the other.

If you are planning to get funding from an investor or financial institution, a traditional business plan is required. The traditional business plan is long and very detailed, with several sections that investors and banks look for when they are weighting on your idea to decide whether to give you funding. Generally, the sections included in a traditional business plan are the executive summary, market analysis, organization management, service or product line, marketing and sales, funding request and financial projections.

A business plan is a road map for a team or business and it can be used, as an eternal tool for potential customers and partners. The business plan should describe in details the entire business venture, technology behind it, the size of the target market, customers, competition, business model, team, financial needs and exit strategy. The business plan gives a company insight and allows them to think things through early enough in the process to ensure they have a well defined venture goals and objectives. It also gives the business direction to a clear path for the team to follow and implement on their venture.

Agenda should include an executive summary, supporting documents, and financial projections. Although there is no single formula for developing a business plan, some elements are common to all business plans. They are summarized in the following outline:

Every organisation must plan every action it intends to take, in the short-term as well as in the long-term. The company, on the basis of the objectives set by the top management of the organisation should plan for growth, expansion, restructuring of business or otherwise. Every company needs to plan out its strategies according to its future plans in order to avoid surprises and to overcome any challenges they may have to face. Therefore, without planning, the organisation cannot achieve any of its goals.

Starting a new business is an exciting venture and has its unique mix of challenges and rewards. Many are set-up for failure if no clear goals or measures are established and adhered. According to the Small Business Administration, “Planning is critical to successfully starting and building a business.” The best advice for a new entrepreneur interested in starting a business is to create a solid business plan that outlines the business in its entirety. A well-constructed, written business plan will help owners remain focused on their operations, marketing and financial measures through the duration of the business life. In addition, knowing the risks involved in starting a business can help prevent and minimize mistakes that cause many

Cover Page 1.0 Executive Summary 1 Chart: Highlights 1 1.1 Objectives 1 1.2 Mission 2 2.0 Company Summary 2 2.1 Company Ownership 2 2.2 Start-up Summary 2 Chart: Start-up 2 Table: Start-up Funding 3 Table: Start-up 3 2.3 Company Locations and Facilities 4 3.0 Products 4 4.0 Market Analysis Summary 4 4.1 Market Segmentation 4 Table: Market Analysis 4 Chart: Market Analysis (Pie) 5 5.0 Strategy and Implementation Summary 5 5.1 Competitive Edge 5 5.2 Sales Strategy 6 5.2.1 Sales Forecast 6 Table: Sales Forecast 6 Chart: Sales Monthly 7 5.3 Marketing Strategy 7 6.0 Management Summary 7 6.1 Personnel Plan 7 Table: Personnel 8 7.0 Financial Plan 8 7.0