Instructions For Week 7, Business Plan, you are to complete your financial projections and provide your assumptions and critical risks that may or may not affect the success of your startup business. In this section, you are to tell your readers about alternative plans if your projections are not met. Identify an exit strategy, if you will have one. Not every business owner wants to exit their startup business, but if it is your plan to start the business and exit within a period of time, explain that strategy. The financial section is completed during this week to include: 1. A balance sheet - your projected assets and liabilities for your startup, and the projected equity of the organization. 2. Projected income statement for year 1, 2 and 3. Your are to projected your annual revenues and expenses for the startup based on your product identified and customer base. 3. Cash flow statement, your projected cash flow in and out of the business for year 1. 5 Mailings Review View ind improvements, choose Check for Updates. Business Description & Vision Mission Statement: To give the most memorable services and goods to our loyal and valued customers. Company Vision: Our goal is to be able to reach the highest value compared to our competitors and surplus them in all aspects. Business Goals: To be comparable to fortune five hundred companies. Have the highest customer loyalty rate. Achieve revenue twice the amount being put in. History: I started this company to help relieve the problem I always faced. I knew someone had to solve the problem, so my partner and I started this business. We started out as a little office in my hometown's downtown. Slowly with customer growth we were able to make ourselves stand out amongst competitors. Principles: Building a great staff. Quality products. Respecting customers. Knowledge of my products. Understanding the call of my loyal customers. ates) Focus 21 RA A MacBook Air die window Help Patel Corporations Saved to my Mac Mailings Review View Improvements, choose Check for Updates. Definition of the Market Target: This product has a very wide range of targets. It can be useful used by any age and/or gender. Yet still the main target group we want to reach out to is ages twenty- five to mid-forties in women. Competition: Our competition is not very high due to the point there is no product out quit like ours. Also our price being so makes us stand out a little more than the rest. Our price is low, and we are an all in one product. Size: In the first week of our product launch we sold over 1,000,000 items. It was a huge turning point and our customers seemed to grab on to it. We underestimated how well our product would do. I Growth: Our product has made a name for itself. It stands out amongst all others. We have seen a 15 percent raise in sales of the product in just the past two months. After a while of the product remaining the same, we decided to make the bottles a little bigger and raise the cost by 7 percent. We were thinking it would turn down some people, but it still has been doing great, even better. 21 o Tools Table Window Help Patel Corporations Saved to my Mac, ences Mailings Review View ces, and improvements, choose Check for Updates. Description of Products and Services Product: This product will make all application of makeup easier. It will leave the skin looking radiant and end with a flawless finish. It helps use less foundation and helps you save on it. Competition: There are no other companies that have been able to make an item that is vegan and can be used so easily and with so many different uses and benefits. Why am I in business? To be any everyday business lady with a thousand things on mind, this one product will be able to keep your life a little simpler. What is my product? It is a makeup applicator that is a hundred percent vegan and made with the purest ingredients to not hurt but to help the skin. How much does my product sell for? It is currently in market for a little over ten dollars. How and why is my product competitive? It has caused many makeup companies to shut their businesses down. Focus 21 Calibri (Bod... 24 v ' A Aa PO 10 BIU ab x x APA Paragraph Sensiti Styles te To keep up-to-date with security updates, fixes, and improvements, choose Ch... For this assignment I just need those the balance sheet, projected income statement, and cash flow statement for a beauty blender. The numbers can all be made up. 28 words Focus OR W Instructions For Week 7, Business Plan, you are to complete your financial projections and provide your assumptions and critical risks that may or may not affect the success of your startup business. In this section, you are to tell your readers about alternative plans if your projections are not met. Identify an exit strategy, if you will have one. Not every business owner wants to exit their startup business, but if it is your plan to start the business and exit within a period of time, explain that strategy. The financial section is completed during this week to include: 1. A balance sheet - your projected assets and liabilities for your startup, and the projected equity of the organization. 2. Projected income statement for year 1, 2 and 3. Your are to projected your annual revenues and expenses for the startup based on your product identified and customer base. 3. Cash flow statement, your projected cash flow in and out of the business for year 1. 5 Mailings Review View ind improvements, choose Check for Updates. Business Description & Vision Mission Statement: To give the most memorable services and goods to our loyal and valued customers. Company Vision: Our goal is to be able to reach the highest value compared to our competitors and surplus them in all aspects. Business Goals: To be comparable to fortune five hundred companies. Have the highest customer loyalty rate. Achieve revenue twice the amount being put in. History: I started this company to help relieve the problem I always faced. I knew someone had to solve the problem, so my partner and I started this business. We started out as a little office in my hometown's downtown. Slowly with customer growth we were able to make ourselves stand out amongst competitors. Principles: Building a great staff. Quality products. Respecting customers. Knowledge of my products. Understanding the call of my loyal customers. ates) Focus 21 RA A MacBook Air die window Help Patel Corporations Saved to my Mac Mailings Review View Improvements, choose Check for Updates. Definition of the Market Target: This product has a very wide range of targets. It can be useful used by any age and/or gender. Yet still the main target group we want to reach out to is ages twenty- five to mid-forties in women. Competition: Our competition is not very high due to the point there is no product out quit like ours. Also our price being so makes us stand out a little more than the rest. Our price is low, and we are an all in one product. Size: In the first week of our product launch we sold over 1,000,000 items. It was a huge turning point and our customers seemed to grab on to it. We underestimated how well our product would do. I Growth: Our product has made a name for itself. It stands out amongst all others. We have seen a 15 percent raise in sales of the product in just the past two months. After a while of the product remaining the same, we decided to make the bottles a little bigger and raise the cost by 7 percent. We were thinking it would turn down some people, but it still has been doing great, even better. 21 o Tools Table Window Help Patel Corporations Saved to my Mac, ences Mailings Review View ces, and improvements, choose Check for Updates. Description of Products and Services Product: This product will make all application of makeup easier. It will leave the skin looking radiant and end with a flawless finish. It helps use less foundation and helps you save on it. Competition: There are no other companies that have been able to make an item that is vegan and can be used so easily and with so many different uses and benefits. Why am I in business? To be any everyday business lady with a thousand things on mind, this one product will be able to keep your life a little simpler. What is my product? It is a makeup applicator that is a hundred percent vegan and made with the purest ingredients to not hurt but to help the skin. How much does my product sell for? It is currently in market for a little over ten dollars. How and why is my product competitive? It has caused many makeup companies to shut their businesses down. Focus 21 Calibri (Bod... 24 v ' A Aa PO 10 BIU ab x x APA Paragraph Sensiti Styles te To keep up-to-date with security updates, fixes, and improvements, choose Ch... For this assignment I just need those the balance sheet, projected income statement, and cash flow statement for a beauty blender. The numbers can all be made up. 28 words Focus OR W