Name: Pond Maneein Candidate number:00023 Words count: Birthday parties, anniversaries or any other celebrations, karaoke would be one of the events on the list. Singing with friends can release your tension and depression from work to enjoy and have fun. So, I start to come up with the idea of open the first karaoke in Penarth, this small little town. Marketing mixed Product My karaoke is going to be small but full of good services. It would have 4 different types of private karaoke room for you and your friends or your family to enjoy and have a great time together. The first room would be standard room, consists of the things that normal karaoke must have like a sofa, a little table, karaoke machine and air conditioner. For the second room, it would be more comfortable like bigger sofa and table. The third room would be even more bigger and more beautiful as well. Also, the microphone in this room is better. For the fourth one, the most expensive one is …show more content…
For my karaoke, it would be the service. Our karaoke would gives our customer the best service. We will treat them like family ; full of love and caring. Weaknesses Weakness in my business is lack of marketing expert and kind of small; only be able to fill 40 people in maximum. Opportunities The opportunities in my business is that in this town not really have many place to hanging out also my karaoke locates in the area that people usually hanging out already. So, it is not that hard to attract people. Threats I have got one competitor which is bigger. It is 4 miles away. Cash flow & Break Even forecast graph To have a good business plan, we suppose to done some cash flow and break even graph forecast. It helps us be able to how many units we need to sold to get profits or not to loss. Also, it helps us be able to predict how much money we are going to spend in a month or even how much we are going to
My community is Alpena MI, it's on lake huron usually it's very cold. I am going to make my community Alpena beloved by creating a new yearly tradition. That tradition will be a winter bonfire at a Bayview park. This new tradition will unite the community through food, sharing, and togetherness.
The name also sounds unique and not like all the rest of other coffee houses therefore cannot be easily lost in the crowd. The name stands out dramatically even it doesn’t what the business does. The name is also legally available therefore Shania has full rights to the name. The Gathering Place does not lend itself to initials therefore safe from drowning in the list of other names of businesses that have initialized due to their exceptionally long names. Another advantage to the name The Gathering Place is flexibility and expandability available to it. Since the name does not actually describe what the business does, Shania can offer a raft of other services without the need to update the name. A good business name has to be linguistically clean. How it is pronounced by Spaniards, the French, and Italians or by any other native language speakers should not bring out a completely different meaning (Chajet, 2011). The Gathering Place is fairly easy to pronounce and therefore serves to be inclusive to different language speakers. A name that will not age quickly is also of paramount importance. The Gathering Place is not an expression that can be superseded sooner or later and also plays well across all
Banner: We will print some banners regarding our restaurant’s opening day with the details and hang around the Tronoh area to spread the news.
The key elements of business success are the people involved, the location, the supplies that are available, the plan that’s made as well as cost.
What is a SWOT analysis? This concept involves assisting businesses to identify their strengths, weaknesses, opportunities and threats. It is often used to analyze an organization and its environment. Businesses find the analysis useful in assisting them to improve their business, establish goals and objectives.
The startup capital was limiting to the founders, as the inaugural restaurant covered a meagre 60 square meters with only six tables and basic seafood dishes like hake, calamari, kingklip and prawns. A further hurdle was courtesy of its then landlord, who imposed restrictions on what Ocean
When an individual decides to venture out on their own and become an entrepreneur they are taking a huge risk, one of the tools that can make the difference between being successful or failing is the Business Model Canvas (BMC). Osterwalder invented the BMC because he believed that a company’s first business plan always failed the minute it reached the customers, leaving the owners discouraged and deflated and feeling that they had wasted time, energy and money; so he wanted to create a more flexible business plan that owners can edit and make the changes needed to reach the customers needs "One Tool Startups Need to Brainstorm, Test and Win | First Round Review," n.d.). The canvas consists of nine elements or building blocks that create a visual template spelling out the business’s value proposition, infrastructure, customers and the finances (White, 2012). Breaking down the key elements that are vital to taking customers needs, wants or problems into a fruitful company
... It really all depends on your target market. Marketing is always geared towards the customer. Without the customer, your business will not be successful.
The name of my café is star bean cafe. Every year approximate 50,000 to 80,000 student and 10, 0,000 visitor are entered in New Zealand so that my main goal are those students and as well as local people and commercial people.
When a business aims to be as successful as possible in selling its products and services, it must examine in detail whether or not the products will be attractive and necessary; if the price is optimal; if the product is being distributed in the best locations; and finally, how interest and awareness can be created for the products. In order for a business to target all of these elements at the right people at the right time, it must employ the right type of marketing mix: Product, Price, Place and Promotion.
In writing the business plan, I determined our target market and our marketing strategy to gain a share of the market. I also had t...
This SWOT analysis will look at K-pop at four sides to discuss how it become an international hit.
To annalyse and evaluate the viability of a proposed venture . A Business Plan can be used as a basic of determining the viability of a proposed business venture. The information gathering and analysis that is done as part of preparing the Business Plan can give an early indication , as to the viability of a project .Hence , the entreprenuer can make a better judgement before investing in the proposed vanture
Business forecasting is the process of studying historical performance for the purpose of using the knowledge gained to project future business conditions so that decisions can be made today that will aid in the achievement of established goals. Forecasting plays a crucial role in today's uncertain global marketplace. Forecasting is traditionally either qualitative or quantitative, with each offering specific advantages and disadvantages.
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...