WHO: You are the entrepreneur and your job is to present a business plan for you
ID: 355250 • Letter: W
Question
WHO: You are the entrepreneur and your job is to present a business plan for your entrepreneurial venture. Review the following link: http://www.bplans.com/sample_business_plans.php This website includes sample business plans for 60 companies. Choose one company from the list (based on your interests). Then use the information on this site, the information in your textbook, tips from the Small Business Administration website (https://www.sba.gov/writing-business-plan ) to present your business plan.
Assignment:
Choose your business and plan from the following site: http://www.bplans.com/sample_business_plans.php Clearly label which business type and name you are using. Review your textbook and the Small Business Administration site: https://www.sba.gov/writing-business-plan Before you begin writing your business plan, consider the four core questions:
1. What service or product does your business provide and what needs does it fill?
2. Who are the potential customers for your product or service and why will they purchase it from you?
3. How will you reach your potential customers?
4. Where will you get the financial resources to start your business?
Explanation / Answer
(RETAIL GIFT STORE)
Store name : Gift Everyone Store
proposed web : www.Gifteveryonestore.com
Industry: Retail
Proposed Areas of operations:
Newyork, California, Manhattan
Product offerings:
We shall offer all the ranges of toys, gifts, décor, idols etc, which fulfils the needs of children, birthday gifts, valentines, adults, old age customers, professional boutique etc.
Potential customer’s segmentation:
We are targeting children, adults, old age people, professionals etc. We have a variety of products to attract the American customers.
Point of sale:
We have both online as well as offline stores from where customers can get their choice of products.
Our Reach to potential customers:
We shall work on our marketing mix elements like product, price, place and promotion.
To advertise our store, we shall utilize both social as well as print media.
We shall offer huge discounts to the customers who will visit our stores.
Online shopping will be included a variety of offers related to loyalty and cash backs with every single purchase.
We shall offer them world class customer experience by giving full attention to every customer.
Management of financial resources:
I will invest some money from family members in the form of equity.
Even, I will take bank loan to invest in my business.
Crowd funding will be one of the source which will provide me ample money to run my new start-ups.
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