Question
Business Model:used furniture store:When becoming an entrepreneur and starting a business venture, a business plan needs to be created for the purpose of managing an
Business Model:used furniture store:When becoming an entrepreneur and starting a business venture, a business plan needs to be created for the purpose of managing an organization. The business plan will state ambitions for the business and how goals will be achieved and when. The business plan will also help to summarize why the business exists and the direction it will go. In this assignment you will finalize the pitch of your business in LivePlan. The components of the pitch in Live Plan that were addressed this week include, milestones, team and key roles, and partners and resources. Component #1 Company Name:The project includes a company name that encompasses a solid vision and identity for future growth. This criterion is linked to a Learning Outcome. It Component #2 Headline: The project includes a catchy headline that intrigues the target reader. This criterion is linked to a Learning Outcome. Component #3 Problem Worth Solving:The project includes a clearly articulated problem that is worth solving. Component # 4 Our Solution: The project includes a well-articulated solution to the problem presented. Component # 5 Target Market : The project includes a target market plan that presents specific, viable, and quantifiable objectives. This criterion is linked to a Learning Outcome Component # 6 Competitive Landscape:The project includes a competitive landscape analysis in which competitors research findings are presented. Component # 7 Funding Needs:The project includes funding needs considerations in the business plan. This criterion is linked to a Learning Outcome Component # 8 Sales Channels:The project includes an analysis of possible specific sales channels the business could use to boost product sales or services. Component # 9 Marketing Activities:The project includes the promotion aspect of the business plan by referencing the actions the company will undertake to achieve better sales. Component # 10 Forecast:The project includes a forecast analysis based on historical business data to anticipate any future setbacks or future investments opportunities. Component # 11 Milestones:The project includes a set of milestones or measurable strategies for business growth. Component #12 Teams & Key Roles:The project includes a teams & key roles category in which the whole business staff organization is devised. Component #13 Partners & Resources:The project contemplates alliances between possible business partners.
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