Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

James wanted to start a new business but is facing difficulty in finding the appropriate business plan. His business plan needs following: Business Name What

James wanted to start a new business but is facing difficulty in finding the appropriate business plan. His business plan needs following:

Business Name

What is the name of business?

Description of Business

What will business do?

Form of Business Ownership

What form of business ownership (sole proprietorship, partnership, or corporation) will business take? Why is this form ideal?

Ideal Customer

Briefly describe your ideal customer. What are they like in terms of age, income level, and so on?

Our Advantages

Why will customers choose to buy from this business, instead of competitors?

Ethical Issues

All businesses have to deal with ethical issues. One way to address these issues is by code of ethics. List three core (unchanging) principles that this business will follow.

Social Responsibility

A business shows social responsibility by respecting all of its stakeholders. What steps will you take to make business socially responsible?

Global Issues

Do you think that this business can sell product in another country? If so, in what countries, and why? What challenges will the business face?

Mission Statement

A brief mission statement for the business

Business Goals

Consider the goals for your business. What are three business goals for the first year? What are two intermediate two long-term goals?

SWOT Analysis

A basic SWOT analysis for this business, listing its main strengths, weaknesses, opportunities, and threats.

Management

Who will manage the business?

Organization Chart

how will the "team" fits together with the help of a simple organizational chart for your business. The organizational chart indicates who will work for each manager as well as each person's job title.

Please help James in the making of this plan.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Equity And Trusts Text Cases And Materials

Authors: Paul S. Davies, Graham Virgo

3rd Edition

0198821832, 978-0198821830

More Books

Students also viewed these Law questions

Question

What is the name of the program?

Answered: 1 week ago

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago

Question

2. To store it and

Answered: 1 week ago