Summarize your Marketing plans Mention your Product or Service - Management Assignment Help

Assignment Task:

Task:

Business Start-up Summary (Introduction) (10 marks)

Tell me about this business. Give me an overview of:

 What is your business idea? (add a name if you have thought of one) (1)

 What business structure (legal form) will this be? (1)

 What start-up costs will you have to get started? (1)

 What industry is this business in? (are there any trends that you can exploit?)(1)

 How do you plan on making money? (tell me a little about the product/service) (1)

 Summarize your marketing plans (mention your product or service, target market, location, pricing strategy, and advertising ideas) (5) This is a summary. You should support your statements with details, research, calculations, lists, etc. later in the body of this work, under the Business Details – not here in the summary. Business Start-up Details Details about your business. Support all your details with research that supports your ideas. Use terms learned in class to describe these details Semi-Business Plan | Group Assignment Page 3 of 6 BUSI3008 Ethics, Economy & Entrepreneurship – Summer 2021 Company Details (2) Detail what business structure you plan on using and why (e.g. incorporation, partnership, sole proprietorship?)

Management Proposal (3) Detail what the organization of the business will look like: Who will have which roles? How many people will you have working in the business? Maybe include an organizational chart to support this organizational design. Operations Proposal (5) Think about the flow of work. Detail what the set-up of the operations of the business will look like. For instances: ? Will you need: equipment, storage, a plant for manufacturing, people working in the plan, a sales person, an HR contract company to hire your employees, an office and office equipment, store hours, or other infrastructure to get started?

•  What do you have to do to get the business started? (Design ideas, clients, marketing collateral, connections in the industry) Financials (30) Make a table list of all the all the things that will be needed to get started and to launch the business with the approximate cost of each item. Break in out into two tables (fixed costs and variable costs). What fixed expenses will you have and when will you have to start paying them (e.g. rent may be required before you start and you may have to start paying it monthly, long before you open the business)? What variable expenses do you think you will have? When filling out the table, make sure that you list the time needed in months where the launch of the business is month zero. Anything before the launch is -3, -2, -1, months, etc. Anything following the launch is 1, 2, 3, months, etc.

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