Draft a business plan in small business management

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter7: Entrepreneurship
Section7.7: The Small Business Administration
Problem 1CC: What is the Small Business Administration (SBA)?
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Draft a business plan in small business management 

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Step 1

Business plan for small business management:

Introduction:

Example is taken as coffeeshop. Here, the ultimate aim of the firm would be providing quality coffee with warm coffee house atmosphere that would inspire the customers to spend quality time with people. In addition, the target market is middle income local area residents and tourists.

Building strong market position and creating mild competitive climate would be the additional goal of the company.

Step 2

Description of the company:

Initially, it is a small coffeehouse that would provide variety of flavors at average price that is affordable to the middle-income people. It is located in the place where the local school and college is located. The coffeehouse would be a warm and lovely place, which helps to attract the people to spend some valuable time. It would have some magazines and newspapers accessible by the customers.

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