Target Markets and Legal Requirements - Attract New Investors - Management Assignment Help

Assignment Task :

Task 1- Establishing the Framework                                                           

Task 1.1 – Business Description, Target Markets and Legal Requirements

A business plan can be described as the picture of your business, which reflects present and future ventures. It is presented in a well-researched and concise form of document in front of the business’s stake holders, investors and financial investors, which lets them understand how and what is your business doing or planning to do.

A business plan helps entrepreneurs in many ways:

• It makes the job easy for owners to attract new investors in order to raise capital

• It helps in hiring services of key professionals or consultants

• It increases chances for success of new business or expansion in current operations of limited use if you cannot show how it affected sales or met the used 

A business plan should include information on:

• Executive Summary

• Mission Statement

• The Business Description

• The Market 

• Target Segments

• The Product Offerings

• Competitive Analysis and a SWOT Analysis

• Operations / Production Layout

• Resource Requirements

• Legal Considerations/Requirements

• Key Personnel and an HR Outline 

• Cost and Financial Analysis

• Marketing Strategy 

• Key Issues

Requirements:

This report assessment covers 5 topics. Each topic should be covered separately and completely. The report should be based on your individual branch and be specific to that branch location. 

The report should be a minimum of 6 pages of font 10 single spaced.

Students need to determine the requirements of reports and determine categories and logical sequences of data, information and knowledge to achieve document objectives. 

The student should use relevant material from the weekly topics as well as other resources such as E-learning articles, ACA Restaurant Cafe’ Business Plan and internet searches to support your ideas. Students will need to ensure that the following information is detailed, and all criteria are covered in their report:

TASKS

1.1.  A General Business Description 

• Analyse and interpret business vision, mission, values and objectives, found in ACA Restaurant Cafe’ Business Plan 

• Develop performance objectives and measures through consultation with key stakeholders – List these and describe the relationship requirements 

• Supply a listing of Company Goals (a minimum of 3 short term and 3 long term goals)

• Identify internal and external stakeholders and their issues 

• Explain how key stakeholders will be involved in these processes 

1.2 Location Choice for the Business with All Reasoning’s and Considerations including:

• Description of Location selected (General demographics of the area)

• Goggle map or other map showing location in relation to known landmarks

• Reasoning for location selection

• Advantages and disadvantages of the location

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