The Business Plan
1. Introduction
This portfolio work will enable me to learn how to set up a business.
And we have to do many things to set it up. And I want to set a tuck
shop in the boarding house which is near the school and what I have to
do is get the tuck shop started. I also have to write a business plan
for it to make sure that I know what is I doing. A business plan will
also allow me to minimize risks of failure; failure can be very costly
to a business. I set it up because the boarders in the house always go
to the supermarket in MP .If I haven't written a business plan it will
be an increase in risks and decrease in success in rate.
2. My business
In the school, the student will get pressure from their studies. so by
having some food and drinks to let them relax.. that's why tuck shops
are very popular in school even in boarding house. From the result of
my questionnaires I got over 50% boarders from the boarding house said
they strongly advise to open a tuck shop in the boarding house. So I
become confident of the demand of the house.
The man of my tuck shop called "Come On". This type of business will
be sole trader. This business only owned by me and I need to face
"Unlimited liability" which means I face all the business risk and has
to find all the capital to start the business. We will be selling many
product including ice cream. "Come On" also selling smile and friendly
services for free to customers.
3. Methodology
In my investigation of can I start a tuck shop in the boarding house?
I have done massive amounts of research. First thing I have done is
primary research so that I wrote printed and handed out 30
questionnaires each contain 10 questions. I handed out 30
questionnaires so that my result will not affected by bias, where as
Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.
Strategic Plan Analysis Paper Total Quality Management (TQM) involves the application of quality management principles to all aspects of the business. TQM requires that the principles of quality management be applied in every branch and at every level of an organization. Typical of an organization going through a total quality process would be a clear vision, few inter-departmental barriers, employee training, excellent customer relations, and the realization that quality is not just product quality but also the quality of the whole organization, to include those functions that do not directly interact with the customer or the production of goods and services. In this paper, the TQM approaches of BAE Systems Information Technology (BAE-IT) and Philips Semiconductor will be compared and contrasted for style and process. First, the paper will look at the organizational vision and mission of BAE-IT.
Your plan must include all aspects of a good and organized business plan, such as the product and services, the financial scheme, web design, company overview, the strategy, implementation procedure, management and your market analysis.
Starting with a business plan which is critical when describing your business’s future. A clear description of what you do and how you plan on doing it (Entrepreneur, 2016). Used as a blueprint for planning finance and marketing, a business plan also helps in securing financing to determine
After analyzing the Coastal Medical Center, it is apparent that the employees and staff have no conception of the mission, vision, and values of this health care facility. In addition to this lack of structure, CMC has many projects in the midst of production that lack support of a common goal, employees are unsatisfied with their jobs, the two boards lack ability to agree on strategic decisions for the organization,, and the medical center has a dismal reputation when it comes to quality care.
People all around the world have dreams of opening a business by creating a service, or product that is consumed by customers. Opening a new business requires a lot of hard work, patience, and extensive planning in order to operate a successful and legal business. However, before a person attempts to open a business, they must be sure they are up for the challenge, and they must be guaranteed that they have the right tools, personality, and experience to be a successful entrepreneur. Pick a mentor that owns a business who can give you advice. They can advise you of things you never knew, or things you should be aware of. Having this kind of person can save you a lot of trouble, and encourage you on the way. When opening a business you must have motivated, strong-minded, and goal oriented people that will provide the proper effort, planning, organization, funding, and structure of the entire business. To begin, creating a business plan for your company is essential for the future of your company, and how it intends to create revenue 3-5 years down the line. It is the most important step, and the first step of beginning your business. A business plan is an essential roadmap for business success; it is a formal statement of a set of goals for your business, the reasons they should be completed, and how you plan on reaching those goals for further success. Your business plan should contain an executive summary. An executive summary includes what you want out of your business, where you plan on taking it, and why it will be successful. Also, if you are seeking financing to get a loan, an executive summary is a great way to grab the investor’s interest. It shows the investor your intensions with your business, the structured guidelines...
Based on our business level strategy, the category we plan to be in will be a luxury, five-star hotel targeted towards international businesspeople. The name of the hotel will be ‘Namaste International Hotel.’ Namaste is a common greeting that originates from India and is used to acknowledge the divine spirit or soul of an individual (Geno). The greeting can be used by individuals of all ages. In Sanskrit, the term translates to “I bow to you” (Geno). Namaste has a spiritual connotation used to recognize that we are all one. It is one of the few Sanskrit words that are commonly recognized by non-Hindi speakers (Geno). The term Namaste in written notation is commonly used as a closing remark, very similar to “sincerely” or “regards.” The term was selected to represent our welcoming to guests from around the world. In this greeting, we signify our commitment to our clientele as well as our emphasis on providing guests with invaluable service and an unmatched level of luxury.
Give a short summary of how the plan or company came into being. What is the basis of the idea for the business? Who are the people responsible for the idea? Why did you decide to create the business?
The next step is putting the computer together. First you will need to put the
Deciding which one manufacture, Determining business objective and mission, And detailing financial plan. Always having a customized project report for the business.
Business Plan: Business plans, used for starting up of any business are the corner stones of the planning methods. The business plan components are: executive summary, market analysis, description of products and services and financial operations projections for the time period of minimum 3-5 years. In case of start-ups the financial business plan should focus on highlighting the founders and a realistic approach to make the business a success. In case of a growth business plan, the management should highlight the past performances and expected performance of the new business activity. The business pan here should contain the plan for debt repayment
Planning is the effect of outlining organisational objectives or aims, as well as a system of how to achieve them; therefore failing is to be unsuccessful in achieving those goals and objectives. The importance of planning in businesses is great as a formal plan incorporates the organisations aims and objectives, determines strategies for accomplishing those goals, and develops a system to coordinate behaviours of workers efficiently so as to increase overall chance of success. Without a formal plan in place, organisations may not be entirely certain of what their goals may be and how to achieve them, therefore causing detriment to the company. Organisations definitely need a plan if they wish to proficiently succeed in the business world.
Lars this is how you create a business plan. First you have to set the vision, goals, and objectives of your business. The most important driver for almost any business plan is return on investment (ROI). Commonly, when someone starts to write a business plan for the first time you need to determine what is your objective?
Pinson, L. (2004). Anatomy of a Business Plan: A Step-by-Step Guide to Building a Business
SGM PC Depot is a start-up company that is designed to offer computer products and other gadgets. SGM PC Depot allows businesses and individuals to be informed of the latest trend in technology and grab it in the most accessible way through the internet. With SGM PC Depot, you can choose and shop a wide variety of computers, laptops, and gadgets at all times and you have 24-hour access to us. Customers can avail our products and our service by subscribing to our server on the internet.