¶ … Business Plan
PAGE "Introduction and How it Fits into MBA"
The development of this plan is critical for the enhancement of my MBA studies. In this study, I will try to develop a "for profit" (as opposed to non-profit) company to compete in the U.S. food industry. My organization will be a C Corporation in order to raise money from Angel investors and perhaps Venture Capitalists as we grow. It is my understanding that VC's and Angels prefer C Corporations for a myriad of reasons, but most importantly because of the flexibility of the different classifications of stock that C Corporation afford to its shareholders. In addition, the rationale behind choosing this company is based on the concept that sweet treats and refreshments seem recession proof, and that people will always use their disposable income for sugar or refreshment in. I saw on CNBC a documentary on Coca Cola, which an executive said no matter who you are that you want a few seconds of refreshment in your day. His point was coca cola has been a very successful organization based on this principle. I personally love ice cream and frozen yoghurt. There is rarely a day that goes by, especially in summer, that I don't get at least a soft serve cone at some point in my day.
In the development of this plan, I have appreciated various issues related to a successful enterprise plan. The identification of various stakeholders, the mission statement of the company, and identification of the appropriate market niche for my intended good are all but critical elements. This was possible after this MBA class. I have learnt a lot and appreciated various aspects of marketing from this plan. I believe that if I had not attended this MBA class, I would have encountered many problems developing it.
(2) 2 Pages: Discuss the "Expected Outcomes or Alternatives Anticipated From Business Plan"
The keys to success for this company will be:
The design of the store will be both visually attractive and alluring to clients. The design of this store will be intended for quick and proficient operations. Employees training will be emphasized to ensure the best product preparation techniques are protected. Marketing strategies will be expected to fabricate a strong base of devoted clients, and expand the sales of high edge items such as coffee drinks (Bangs, 2012).
Presently, there are two opportunities Marshal Healthy Foods may also capture and maximize to maximize it income. They are:
1. Internal extension in its existing advancing markets, which intends to procure a great share of the overall industry in the developing nations in which it intends to build operations.
2. Opening worldwide stores in new markets
Expected outcomes from completing this business plan
A business plan is essential in guiding a company towards the path to success. This business plan will enable the company to distinguish its root, select the destination, and plot the most limited distinction between the two focuses (Moran, 2007). This business plan is a blueprint for this business. It will also serve numerous different purposes:
I. It is a definite diagram for the exercises required to build a business. This includes details of products offered, the business sector for the product, and the management of the business providing that item
II. This plan is also the "yardstick" by which as an entrepreneur, I will measure victory of meeting the stated goals and objectives
III. In addition, this business plan is an instrument for getting a loan from a lending organization or for pulling in venture capital (Abrams, 2009).
Every year students are required to develop business plans. This collective procedure offers an assembly of profits. This is an extremely true experience for people who are earnestly considering launching a start-up. Enlisting potential workers and meeting with partners, investors, and venture investors will serve as key steps in the genuine start of a business besides establishing a profitable educational experience (Manian, 2007).
Developing a business permits students to recognize potential issues and opportunities that business may face, evade penalties, fines, or other legitimate issues, acclimate to changes in the commercial world. It will give the business the chance to grow or contract from a position of objectivity. I can share this business plan to potential advisors, partners, and sources of funding (Barringer, 2009).
While seeking to evade disruptive and costly disputes in the future, I will acknowledge the conceivable settling of controversial issues of equity shares, partnerships, and the confidentiality of proprietary data at the onset of rivalry and intellectual property formal agreement. The legalistic nature of this business plan is determined by the normal knowledge of my course content, which is very great (Moran, 2007).
Mission of the...
They do not assume the coffee, their life style. The primary customers are those people, who are youngsters, and middle-aged people as 13 to 21 are youngsters and 22 to 35 are middle aged people. They treat coffee as modish way of living. They prefer to drink coffee as compare to tea. People of upper and middle class will also be targeted and will offer affordable prices which will
The office and administrative expenses would remain constant even to that point, as would the insurance expense. Exhibit B: Cash Flow Statement, Year Two At this point, the business is earning a healthy return and Mr. Ahn is receiving will be able to bring in a reasonable salary. The nature of the business may well change at this point. At the maximum revenue of $144,000 per year the pretax profit would
Business Plan for Green Tongues Summer 2011 Company Information Environmental and Industry Analysis Products or Services Marketing Research and Evaluation Manufacturing and Operations Plan Management Team Timeline Critical Risks and Assumptions Benefits to the Community Exit Strategy Financial Plan Green Tongues is an advertising company that provides environmentally friendly advertising solutions to all those companies that value their environment and want to give back to the society in which they exist. Green Tongues envisions itself to be the premier advertising company in the
Castle Restaurants Business Plan -- Stage III Castle's Family Restaurant Business Plan: Stage III Item Company Review Business Analysis HRIS Type/Comparison HRIS Recommendation Steven Covey has proved to be the catalyst for many a job redesign (Covey, et al., 1994). Covey's emphasis on focusing on important tasks has contributed to the ability of operations managers to critically assess how they spend their time and energy, as well as shedding light on how those supervised by operations managers
Business Plan for Health Care Informatics The purpose of this paper is to present a business plan for the implementation of syndromic surveillance system. The major sections of the business plan are: identification of the key objectives and scope of the project; the project life cycle, budget estimate, staff planning, and activity timeline; major risks and vulnerabilities of the project; success evaluation methods, and communication plan for the primary stakeholders. This
The market analysis is provided in Table 2. Table 2: Market Analysis 2012 2013 2014 2015 2016 Potential Customers Growth CAGR Home Office 2% 22,000 22,440 22,889 23,347 23,814 2.00% Small Office 5% 15,000 15,750 16,538 17,365 18,233 5.00% Professionals 8% 10,000 10,800 11,664 12,597 13,605 8.00% Academic 0% 12,000 12,000 12,000 12,000 12,000 0.00% Other 0% 10,000 10,000 10,000 10,000 10,000 0.00% Total 15.00% 69,000 70,990 73,091 75,309 77,652 15.00% The company will also use different market strategy to achieve its business goals. Ivy Discover will run a very attractive advertising banner on different websites, which are constantly being visited by target customers, and the business will use several different form of promotion to attract potential customers. The promotion strategy will include discounted package deal. The
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now