1. Introduction a) This business plan describes a proposed venture to expand Busters from a one-store to two-store operation. b) Busters is a small retail store located in the lobby of a thriving large office building. It currently has three employees and sells snacks, sandwiches, beverages, cards, newspaper, books and small gift items. c) Ultimately, we hope to expand Busters so that it becomes a chain of 10-15 stores situated in the downtown office buildings. Statement of purpose The purpose of this Business Plan is to outline our current operations and map out our plans for expansion. Our goals are to raise additional capital through private loans and private equity injections from individuals …show more content…
We realize that the 1month time frame will allow for a small inventory to be maintained during opening months. From there we will be able to determine rate for replenishment. We have already coordinated with local distributors to set up accounts for purchases and repayment. ! a) Operating Cost ! Legal ! Stationery etc. ! Insurance ! Rent ! Research and development ! Payroll ! Utilities ! $250 $150 $425 $1,500 $0 $4,920 $0 Payroll Taxes ! Other ! Inventory ! Cash Required ! TOTAL OPERATING COST ! ! ! ! b) $120 $175 $3,068 $2,500 $13,108 Investment Requirements !
Beginning a new business venture sounds like a easy task. All you need is a great idea, opportunity to select your team so you can begin to make some moves and find a few investors to invest in to this dream you have. Before you know it you are making a profit and moving onto a new location. Sounds easy but there is much more that goes into starting a new business than most people may know. To accomplish this, the business has to satisfy several objectives that exclusively add to the business. This paper will narrate some of the particulars of previous works from week two, three, and four with information such as the business and
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The organizational design of Dunkin Donuts already exists as a franchising company using a unitary form of management. Beckman (2009) defines unitary form or U-form organizational design as, “A model in which similar tasks, such as production tasks, are grouped into specialized units creating economies of scale and the familiar functional silos that still exist in many organizations today” (p. 7). The U-form design will have to be used to allow the new locations to function inside the Dunkin Donuts franchise system, but we believe it can be adapted and improved by making a few simple changes and additions. After working with and looking deeper into the current organization design of Dunkin Donuts, we believe it can be improved by simplifying the design of each new store location to a simple structure design. The new store locations need to feel more like locally owned, down home country stores. Every new and existing customer should be able to walk into each of our new location and feel like all the employees have known them for
Describe the methods that will be used to sell and distribute the products or services
The business plan is intended solely for informational purposes to assist you with a due-diligence investigation of this project. The information contained herein is believed to be reliable, but the management team makes no representations or warranties with respect to this information. The financial projects that are part of this plan represent estimates based on extensive research and on assumptions considered reasonable, but they are of course, not guaranteed. The contents of this plan are confidential and are not to be reproduced without express written consent.
I cited sources of information (e.g., data, ideas, charts, etc.) and used this material to support this document.
The company is dedicated to providing the highest quality customer service, meeting the agreed delivery dates, and keeping the sales prices controlled in accordance with ongoing market trends. The focus of this business plan is to identify future target clients, explain our marketing strategy, improve
Develop product lines by introducing vegetable sandwiches (Appendix 4) shows an increase in cash inflow from 155% in 2013 to 319% in 2015
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Buster’s is a convenience store specialized in servicing daily needs of occupants of the office building where it is located. It offers variety of products to satisfy customers’ daily needs including snacks, pre-wrapped sandwiches, bottle/canned beverages, stationery, greeting cards, newspapers, paperback books and small gift items.
Business Planning and Structures The main structures that shall be examined in the context of this venture are: partnerships, joint ventures, companies, trusts and sole partnerships. For the purposes of the investments under consideration, there could be a number of structures that might be applicable for each but not all will be necessarily as efficient. The most probable structure that might be utilised to facilitate each investment is as follows - implement the retail business as a sole trader, farm as a partnership or joint venture, joint venture or company for the speculative mining venture and set up a trust or company for the long term investment portfolio. The rationale will be elucidated below.
In this regard, the general format of a business plan should have a section such as the executive summary, the offer, product description, overview of the organization, situational audit, key strategic issues, specific strategies, risk analysis and the action plan (Barrow, Barrow and Brown, 2008). In the current Ride the Waves business plan, some of the key sections are missing. For instance, the new product is not comprehensively described by the author. Generally, it is a requirement to describe the product in its own section. In the case of this plan, the author just mentions the product among other offered products of the firm. In addition, the plan lacks strategic sections such as marketing strategy, the business strategy, competitive strategy among others. Besides, there is a serious disconnect between the executive summary and the main body of the plan. An executive summary should be based on what is included in the plan.
The provision and use of personal protective equipment could include using gloves, glasses, earmuffs, aprons, safety footwear, dust masks.
This Business Plan is produced with a view to securing the necessary investment from :
The operations of the business is critical in a business plan because it describes the main components of your business. Management duties and responsibilities can be addressed in terms of the day-to-day operations. This includes what each day of the week will entail for the schedule of the business. Likewise, many topics should cover the nuts and bolts of the business such as production and manufacturing, inventory, and distribution. Topics such as the location, employees, and equipment should be considered to provide the most competitive advantage and success for the business. Lastly, every business requires a structured form of legal registration for licensing, insurance liability and tax purposes.