Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Business Plan - Name of company: Company address: City: - Name of applicant: Applicant address: City: - Contacts: Telephone:Fax: Cell: Email - Is this a
Business Plan - Name of company: Company address: City: - Name of applicant: Applicant address: City: - Contacts: Telephone:Fax: Cell: Email - Is this a new or existing business? - Company's sector of activity? - Have you ever been in business before? - Are you or the business in tax arrears to CRA (HST and Source Deductions)? - Company overview Information providing the context for your project. Describe your business. What is your area of expertise? Describewhat you do, where you do it, how and why. What are your objectives and the company's values? - Products and services Provide a list of products and/or services offered. Provide as many details as possible (ie pricing, supply of raw materials,transportation, etc.). If a similar one exists in your trading area, describe any advantage your busine may have. - Are your business services/products seasonal? Yes No If yes, provide period of business services: - What is your high season period? - Legal form of Business (type of business) \begin{tabular}{l} Sole proprietorship \\ Partnership \\ Incorporated \\ Co-operative \\ \hline \end{tabular} \begin{tabular}{l||l|l|||c|} \hline \multicolumn{1}{l||}{ Business name registration date } & MM & DD & YYYY \\ \hline Registration date & MM & DD & YYYY \\ \hline Date of incorporation & MM & DD & YYYY \\ \hline Fiscal year end & MM & DD & YYYY \\ \hline \end{tabular} - Address of proposed location: I can provide the zoning certificate for the zoning of the property location. Is the zoning adequate for your business? Rent Rent per month Utilities/Heating (month) Other expenses (month)Num ber of years of lease Ownership Property taxes (month)Water/Sewers (month)Insurance (month) Mortgage (month) - Management (the person or persons responsible for the success of the business) Owners/Managers/Shareholders/Key Staff (please attach detailed resumes): - Professional advisors Provide information on the following service providers: a. Accountant b. Legal Advisor c. Insurance C0/ Agent d. Expert Advisor e. Banker Line of credit - Market Summary How does the industry in which your business operates work (catering, transportation, construction, agriculture, health care, retail, etc.)? What are the trends, the challenges and the future projections of this business sector? Hasthe industry experienced growth? Who are the industry's major players? - What is the region where you will operate your business and what is the population of that region? o Region: - Population: - Describe the profile of your target market. Who are your customers (social status, occupation, income, lifestyle, purchasing frequency, reason for purchase, when, where and how they buy)? - Trading area - Will all your business be generated within your local community or - will your business draw customers from surroundingcommunities? - Who are your competitors in your market? List - Analysis of strengths and weaknesses Select four businesses among your closest com petitors and perform a com parative analy sis of strengths and weaknesses. Strengths Internal factors that positively influence your performance or the performance of your competitors. These strengths represent the foundation on which to build the future of a business. Here are a few questions to ask yourself and your competitors. -What do you do exceptionally well? -What benefits set you apart from your competitors? -W hat are your best resources? -What are your strengths according to your customers? Weaknesses Internal factors that negatively affect your performance. These weaknesses provide important potential indicators for improvement. Here are a few questions to ask yourself and your competitors. What could you do better? What are the main criticisms raised by your customers, employees, providers, subcontractors, bankers, etc.? Where are you vulnerahle? - How to determine your potential sales in your target market. Example: Women's shoe store (target market: women between 18 and 65)Total - What promotional activities will you undertake to market your products and/or services? Example: radio, television, Internet, social media, posters, brochures, business cards, samples, trade shows networking, newspapers, yellow pages, promotional balloons, special events, sponsors, 2 for 1 promotion, loyalty programs, etc. - Promotional budget Monthly advertising/promotion -What payment methods will you offer your customers? CashChequeDebitcardCreditcard(Paypal)ElectronicpaymentMobilepayment - Location Why did you choose this location? If you are planning to rent a commercial space, what are the lease conditions?How do you stack up against the competition? Explain. - Legal matters Identify what legal and regulatory matters, such as licenses and contracts, need to be addressed. Briefly explain how you will obtain them. Business license (e.g., daycare, hair salon, dealership, gas station, etc.) Regulations relevant to location and zoning Health inspection Intellectual property (e.g., patents, trademarks and copyright) Industry- specific licenses (e.g., dentistry, alternative medicine, etc.)Import/Export Employee registration Contractual agreements (partnerships, self-employed workers, etc.)Other legal matters Explain. - Insurance matters Several companies start with a liability insurance to protect them selves in the event of a law suit. What is the standard in your business sector? Do you have to purchase insurance? If so, what type? Explain. - Human resources a. Number of new jobs to be created. Full time: Part time: Seasonal: Contractual: b. Do you have sufficient employees to fulfill business hours? Yes No Identify the specific tasks of staff members. Also list any personal experience that could be of value for this business. List of machinery, equipment, fixtures and furnishings (existing and proposed), relate proposedproject. - Start-up costs How much money do you need to start your business? - Owner's contribution - Lists of all expenses, Income, Assets, Liabilities Note: Your Project should be visible and should be answerable. Marks Deduction: Above Mention points if not clear. Presentation is not attractive. Business Plan - Name of company: Company address: City: - Name of applicant: Applicant address: City: - Contacts: Telephone:Fax: Cell: Email - Is this a new or existing business? - Company's sector of activity? - Have you ever been in business before? - Are you or the business in tax arrears to CRA (HST and Source Deductions)? - Company overview Information providing the context for your project. Describe your business. What is your area of expertise? Describewhat you do, where you do it, how and why. What are your objectives and the company's values? - Products and services Provide a list of products and/or services offered. Provide as many details as possible (ie pricing, supply of raw materials,transportation, etc.). If a similar one exists in your trading area, describe any advantage your busine may have. - Are your business services/products seasonal? Yes No If yes, provide period of business services: - What is your high season period? - Legal form of Business (type of business) \begin{tabular}{l} Sole proprietorship \\ Partnership \\ Incorporated \\ Co-operative \\ \hline \end{tabular} \begin{tabular}{l||l|l|||c|} \hline \multicolumn{1}{l||}{ Business name registration date } & MM & DD & YYYY \\ \hline Registration date & MM & DD & YYYY \\ \hline Date of incorporation & MM & DD & YYYY \\ \hline Fiscal year end & MM & DD & YYYY \\ \hline \end{tabular} - Address of proposed location: I can provide the zoning certificate for the zoning of the property location. Is the zoning adequate for your business? Rent Rent per month Utilities/Heating (month) Other expenses (month)Num ber of years of lease Ownership Property taxes (month)Water/Sewers (month)Insurance (month) Mortgage (month) - Management (the person or persons responsible for the success of the business) Owners/Managers/Shareholders/Key Staff (please attach detailed resumes): - Professional advisors Provide information on the following service providers: a. Accountant b. Legal Advisor c. Insurance C0/ Agent d. Expert Advisor e. Banker Line of credit - Market Summary How does the industry in which your business operates work (catering, transportation, construction, agriculture, health care, retail, etc.)? What are the trends, the challenges and the future projections of this business sector? Hasthe industry experienced growth? Who are the industry's major players? - What is the region where you will operate your business and what is the population of that region? o Region: - Population: - Describe the profile of your target market. Who are your customers (social status, occupation, income, lifestyle, purchasing frequency, reason for purchase, when, where and how they buy)? - Trading area - Will all your business be generated within your local community or - will your business draw customers from surroundingcommunities? - Who are your competitors in your market? List - Analysis of strengths and weaknesses Select four businesses among your closest com petitors and perform a com parative analy sis of strengths and weaknesses. Strengths Internal factors that positively influence your performance or the performance of your competitors. These strengths represent the foundation on which to build the future of a business. Here are a few questions to ask yourself and your competitors. -What do you do exceptionally well? -What benefits set you apart from your competitors? -W hat are your best resources? -What are your strengths according to your customers? Weaknesses Internal factors that negatively affect your performance. These weaknesses provide important potential indicators for improvement. Here are a few questions to ask yourself and your competitors. What could you do better? What are the main criticisms raised by your customers, employees, providers, subcontractors, bankers, etc.? Where are you vulnerahle? - How to determine your potential sales in your target market. Example: Women's shoe store (target market: women between 18 and 65)Total - What promotional activities will you undertake to market your products and/or services? Example: radio, television, Internet, social media, posters, brochures, business cards, samples, trade shows networking, newspapers, yellow pages, promotional balloons, special events, sponsors, 2 for 1 promotion, loyalty programs, etc. - Promotional budget Monthly advertising/promotion -What payment methods will you offer your customers? CashChequeDebitcardCreditcard(Paypal)ElectronicpaymentMobilepayment - Location Why did you choose this location? If you are planning to rent a commercial space, what are the lease conditions?How do you stack up against the competition? Explain. - Legal matters Identify what legal and regulatory matters, such as licenses and contracts, need to be addressed. Briefly explain how you will obtain them. Business license (e.g., daycare, hair salon, dealership, gas station, etc.) Regulations relevant to location and zoning Health inspection Intellectual property (e.g., patents, trademarks and copyright) Industry- specific licenses (e.g., dentistry, alternative medicine, etc.)Import/Export Employee registration Contractual agreements (partnerships, self-employed workers, etc.)Other legal matters Explain. - Insurance matters Several companies start with a liability insurance to protect them selves in the event of a law suit. What is the standard in your business sector? Do you have to purchase insurance? If so, what type? Explain. - Human resources a. Number of new jobs to be created. Full time: Part time: Seasonal: Contractual: b. Do you have sufficient employees to fulfill business hours? Yes No Identify the specific tasks of staff members. Also list any personal experience that could be of value for this business. List of machinery, equipment, fixtures and furnishings (existing and proposed), relate proposedproject. - Start-up costs How much money do you need to start your business? - Owner's contribution - Lists of all expenses, Income, Assets, Liabilities Note: Your Project should be visible and should be answerable. Marks Deduction: Above Mention points if not clear. Presentation is not attractive
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started