Whats Needed in a Business Plan

Liverpool John Moores University Event Enterprise and Entrepreneurship (6076TEF) Business Plan Ashley McDonald/ 614170 BUSINESS NAME Tea-Off NAMES OF OWNERS/DIRECTORS Ashley McDonald DATE 30/03/15 Business plan contents 1.1 Executive summary 1.2 Mission statement 1.3 Aims and objectives 1.4 SWOT analysis 1.5 Keys to success Company Information 2.1 Company Summary 2.2 Company Ownership 2.3 Company Location and Facilities Market Research 3.1 Market Segmentation 3.2 Target Market Segmentation 3.3 Market Trends 3.4 Market Growth 3.5 Market Needs 3.6 Primary Market Research 3.7 PEST Analysis Competitor Profiling 4.1 Industry Analysis 4.2 Distribution Patterns 4.3 Competition and Buying Patterns 4.4 Main Competitors Market Plan 5.1 Strategy and Implementation Summary 5.2 Strategy Pyramid 5.3 Value Proposition 5.4 Competitive Edge 5.5 Marketing Strategy 5.6 Distribution Strategy 5.7 Monthly Marketing Plan Marketing Programs 6.1 Products 6.2 Products Description 6.3 Competitive Comparison 6.4 Sourcing 6.5 Future Products Promotion 7.1 Distinctive Logo 7.2

When starting a business there are a number of factors to determine in order to ensure its success. To start, the entrepreneur should determine a business plan with a well developed idea After determining the business plan, they then should look at the three basic forms of owning and running a business: sole proprietorship, partnership, and a corporation. A sole proprietorship is a business ran single-handedly by one owner. There are partnerships, where two or more parties collectively manage a business together on particular terms. Lastly there are corporations, which are legal entities that have separate liability from the owners. In addition to these, franchising and co-operatives are also viable options for those who feel uncomfortable starting up their own business from scratch. (Nickles, 2013) It is best to examine every aspect of each option to determine which is most suitable or desirable for each individual’s needs. Before opening a new operating business entity, an entrepreneur must understand the fundamentals to running the business, such as, financing, products needed to run the business, particular documentation that may be needed, a lawyer for legal aspects, knowledge on the current world of business, and most of all, a desire and the ability to take on a challenge.

The new technological advances have made it easier for even small time stores to come out with some unique idea like designing your shoe online. For an example, Customix offers 3 billion

Would you like it to be an online clothing store, a physical store in a downtown or shopping street, or perhaps you'd rather start with a franchise? This is a decision that you must take according to your possibilities or the type of business you want to manage. But do not worry: it is not a decision that you can later regret. Many entrepreneurs have started their business with a physical store, and then have it expanded with an online store; and many people started a business on the Internet and then set up a physical business. But either way, you must decide what type of business to put first. An online clothing store

Create a document that describes the focus of your business. Decide how you will provide tutorial services. Outline the services you will provide and include areas of specialization. Do your research, make a list of ways that you can distinguish yourself from competitors through lower prices, specialized services or specific expertise. Include a section in your business plan that describes your marketing plans, pricing and supplies etc.

Now that you understand what is a business plan and its importance to the business we should put a few

Meal@YourHome fresh cooked foods ' unique products and focus on the customers experience will give it a significant market edge and differentiate the company from its competitors.

Business Plan: Plan would help to identify the defective areas and to rectify them before trouble sets in. The business plan usually consists of information regarding the vision , purpose, products, short term and long term goals, the management and so on (Busch,2013)

An important first step when starting your own business is to prepare a business plan. A business plan is a written document describing your business ' future. It tells potential investors and customers what your goals are for the company and how you plan to achieve that. You will need to define your business, products and services, operating procedures and the route your company intends to take to achieve the goals that are set forth. This information summarizes the sense of your business in a single document. Business plans are inherently strategic because it shows that you’ve thought about every detail and challenge that comes with starting a business in California. You can show people that you have a roadmap for how you will start the business and have it continuously move forward. A well thought out plan is also extremely helpful if your company needs funding from loans or venture capitalists. Below are a few tips on what to include in a good business plan!

A business plan is sometimes ignored by some people, but I think it is important to develop a good business plan. I think this should be an interesting topic to discuss about. Yesterday, I receive a phone call from a new client asking for help to build a business plan for his new business. My role in this part as a business consultant is to not blindly do the work for my client but asking them questions to generate information about his ideas, and level of involvement to better help him build his own plan. If a client can understand the importance of a business plan and how it works, he is already half way to succeed. It is also crucial to let the client who knows the best about his business and products presents his ideas and thoughts in the business description and product analysis. My ultimate goal is to help the customers through the process of analyzing the industry, market, products, and financial issues to learn where he stands now comparing to his competitors. However, I also need to inform the client that it is easy to plan, but the success or failure of a business and product depends on many other factors rather than just a business plan itself. A good business plan is a good start, failure or success is the matter of how the market responds to our products and how quickly can we revise our plan to fit with the fast changing market taste.

Prior to initiating a business, it is necessary for the management and the people involved to make sure that a proper business plan is set out in order to understand the needs of the business. In addition to this, it should also be made sure that the market is properly analysed and all the competitors are studied before taking any step related to the new business. Every business has different needs and is initiated in a different scenario. The business plan under evaluation in this paper will be of a sports retailer. All the various aspects of a business related to sports will be evaluated and different elements will be understood in order to learn more. The purpose of evaluating and reviewing a business plan is to make sure that the right information is known before the business is set up and all the pros and cons are understood.

The Group business model is flexible and scalable based on two different lines characterized by strong sinergies: Multi-brand and Mono-brand Online Stores. The Multi-brand line with Commercial Partners: -yoox.com. Established in 2000, it’s a virtual boutique of Multi-brand fashion and design. The store offers a wide range of clothing , footwear and accessories from numerous International brands thanks to direct and consolidated relationships with designers, manufacturers and authorized dealers. Yoox.com sells products of past year corresponding season at reduced price or products exclusively realized for yoox.com. As already said, the business model is characterised by differentiation, indeed in the Multi-brand store customers can find books and objects of art design. Currently yoox.com sells in 67 countries

To set up the organization 's vision, mission, objective and target for the future advancement

Boffi is a renowned high end luxury furniture manufacturing company with a diverse product range. Having its origin in Italy, it was founded in 1934 by Piero Boffi. Boffi has been operating for the past 70 years with its presence in countries such as Australia, Austria,

Are there different considerations for choosing an organizational form for doing business over the internet compared to doing business elsewhere?