Project yourself as an entrepreneur of a small scale business in your country: B
ID: 329259 • Letter: P
Question
Project yourself as an entrepreneur of a small scale business in your country:
Business Plan format required.
A title page,
(a) General Business Description • Mission Statements • Company goals and objectives (b) Business Philosophy • Target Customer • Industry Description: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it? • Company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture? • Legal form of ownership: Sole proprietor, Partnership, Corporation, Limited liability corporation (LLC)? Why have you selected this form? (c) Products and Services • Describe in depth your products or services. (Technical specifications) • What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features. (d) Marketing Plan • How the company will get to the customers and the coherence of the marketing tool adopted with the overall strategy? • State 4 Ps of marketing (e) Operations and developmental Plan • How product will be produced or service provided • The location of the production facilities • The dimension and capacity • The internal layout The cost of the investment needed (i.e. Plants, equipment, buildings) • The cost of the investment needed (i.e. Plants, equipment, buildings) (f) Management Plan • Describes the firm’s organizational structure and the backgrounds and qualifications of key personnel (g) Financial Plan • Sources and Uses of Capital • Balance Sheet • The income statement • The cash flow statement should present data on a monthly or seasonal basis • Breakeven analysis • Financial Ratios • A sensitivity analysis is needed, showing what would happen in at least three scenarios: ? Worst case scenario ? Probable scenario ? Best case scenario (h) Prepare Executive Summary of the Plan
Project yourself as an entrepreneur of a small scale business in your country:
Business Plan format required.
A title page,
(a) General Business Description • Mission Statements • Company goals and objectives (b) Business Philosophy • Target Customer • Industry Description: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it? • Company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture? • Legal form of ownership: Sole proprietor, Partnership, Corporation, Limited liability corporation (LLC)? Why have you selected this form? (c) Products and Services • Describe in depth your products or services. (Technical specifications) • What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features. (d) Marketing Plan • How the company will get to the customers and the coherence of the marketing tool adopted with the overall strategy? • State 4 Ps of marketing (e) Operations and developmental Plan • How product will be produced or service provided • The location of the production facilities • The dimension and capacity • The internal layout The cost of the investment needed (i.e. Plants, equipment, buildings) • The cost of the investment needed (i.e. Plants, equipment, buildings) (f) Management Plan • Describes the firm’s organizational structure and the backgrounds and qualifications of key personnel (g) Financial Plan • Sources and Uses of Capital • Balance Sheet • The income statement • The cash flow statement should present data on a monthly or seasonal basis • Breakeven analysis • Financial Ratios • A sensitivity analysis is needed, showing what would happen in at least three scenarios: ? Worst case scenario ? Probable scenario ? Best case scenario (h) Prepare Executive Summary of the Plan
Project yourself as an entrepreneur of a small scale business in your country:
Business Plan format required.
A title page,
(a) General Business Description • Mission Statements • Company goals and objectives (b) Business Philosophy • Target Customer • Industry Description: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it? • Company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture? • Legal form of ownership: Sole proprietor, Partnership, Corporation, Limited liability corporation (LLC)? Why have you selected this form? (c) Products and Services • Describe in depth your products or services. (Technical specifications) • What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features. (d) Marketing Plan • How the company will get to the customers and the coherence of the marketing tool adopted with the overall strategy? • State 4 Ps of marketing (e) Operations and developmental Plan • How product will be produced or service provided • The location of the production facilities • The dimension and capacity • The internal layout The cost of the investment needed (i.e. Plants, equipment, buildings) • The cost of the investment needed (i.e. Plants, equipment, buildings) (f) Management Plan • Describes the firm’s organizational structure and the backgrounds and qualifications of key personnel (g) Financial Plan • Sources and Uses of Capital • Balance Sheet • The income statement • The cash flow statement should present data on a monthly or seasonal basis • Breakeven analysis • Financial Ratios • A sensitivity analysis is needed, showing what would happen in at least three scenarios: ? Worst case scenario ? Probable scenario ? Best case scenario (h) Prepare Executive Summary of the Plan
Explanation / Answer
* In India due to the various current government's initiative to curb down the unemployement & to offer it the global digital platforms like Startup India , Make In India & Digital India etc, there are numerous opportunities has been emerged as a result. In India there are hundreds of small business opportunities that can be started with very less capital and a remarkable profit can be generated from them with the help of latest technology & good initiative. Some of these are Online Bakery, Event Organization & Online Fitness Instructor.
- Here I am choosing the Online Bakery as my business option which is also very popular nowdays.
- Online Bakery business is one of the most sought after business plan it involves an effective website describing the overall the bakery products portfolio and the monetary & nutritional benefits associated with them.
Also a good Marketing plan , a better sponsor and very effective market analysis or research can get you an upper hand in the competitive market.
- Mission of my company is to provide the best quality & healthy baked food that too at the very reasonable market rate at the ease of their being at home.
- The company goal & objective is to become the one of the best online bakery in India in upcoming 10 years and to make presence in all major cities of India in next 5 years.
- My target customers would be the young students, Employees residing outside of their home, Couples who love to explore new things.
- Yes it is a growth industry because you might know that all the major services are being digitalised in recent and in future also many of the remaining services shall be offered online.
E-commerce Industry has been growing in exponential year by year & one of the main reasons behind this is that the customer have vast portfolios of the products to choose from both of it's line & width , that too with no requirements to go outside of their home.
- The long term changes are such that it's growth is never going to stop, many customizations shall be done to the website & many latest service features are yet to come.
- The core competencies & strength which require to succeed in this industry are better supply chain management, effective fund relocation over the machinery & appliances, latest R&D , good market knowledge & analysis about the factors in locality which impact the sales of the company. SWOT analysis & ANOVA, on time services, skilled management , cost effective but efficient advertising & marketing platforms, sponsorship etc.
- My personal background of the management as well as the technical qualification can benefit the company in its own best way where I can apply my management skills i.e - Communication, leadership etc & technical skills - IT, analytical etc
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