• Exit strategy – “let it run dry”.
• This strategy would be the best strategy as the market of this business is very uneven and there are factors such as climatic changes and the future markets that will affect either profit or loss.
• The command would be in our hands.
• If in future the company faces loss it is easy to recover the capital investment.
• Business growth will be slow.
The marketing launch spending arrangement which is kept for the promoting for the starting stage is $5,000 as said in the start-up cost and it joins publicizing mediums, for instance, flyers, internet systems administration, radio and the progressions in the strip malls or in the midst of the festivals.
• The initial launch budget for marketing in the initial month is $5000.
• The marketing means that we will be using will be flyers, radio, social media, and promotions in the malls or during the festivals (seasonal).
In a matter of seconds once the association is developed essentially in the business division on an average n...
... middle of paper ...
...planning documentation and other office work.
IT and Equipment
Various software and hardware components are required for establishment of company. Hardware like laptops, portable projectors, printers are required. Basic website needs to be design for registration, online payments and for basic information. Such IT equipment are for initial stage.
For the IT roles we will focus on the part of members who will do the online marketing for our business. We will focus on the marketing through the channel of social website as we studied that we will get the more business through the social marketing. To sum up with this I feel that we will require own software for database.
Exit Strategies and Monitor plan
Exit strategies plan
Monitor and Control Activities Plan
• Correct legal activities
• Analyzing success
• Control operations
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