Summarize the financial projections and the assumptions

Assignment Help Business Management
Reference no: EM13864111

Management Majors:

Develop a business plan for a start-up company that plans to sell a product or service in a local market, national market or on the Internet. You should select one of your favorite products as the basis for the company or you can invent a product.

After selecting your hypothetical company for your business plan, you should be able to answer the following questions:

• What is your hypothetical company?

• How does it meet the requirements for your assigned degree program scenario?

After choosing your hypothetical company, explain how does it meet the requirements for your assigned degree program scenario. I have to send this to my teacher for approval of the start up company before moving on. Just message this part to me and I will send it to him. Once his approval of the idea (most likely the same day), I will message back immediately for you to proceed.

Craft a title page for your hypothetical company.

Create a business plan for your hypothetical start-up company in which you do the following:

Note: You are required to utilize both the attached "Business Plan Template" and the attached "Financial Plan Template" in creating your business plan. If the attached WGU templates are not completed and submitted, your work will automatically be returned to you without being evaluated.

A. Write an executive summary (suggested length of 1-2 pages) in which you do the following:

1. Identify the company's name and location.

2. Describe the mission of the company.

3. Discuss two business goals in support of the company's mission.

4. Discuss three keys to success for the company.

B. Write a company summary (suggested length of 4-6 pages) in which you do the following:

1. Describe the history of the industry in which the company will operate.

2. Identify the legal form that the company will take.

3. Describe the location and type of facilities needed for the company.

4. Describe the management structure, including key positions and specific responsibilities.

5. Describe the products and services offered by the company.

C. Develop a market analysis (suggested length of 3-5 pages) in which you do the following:

1. Describe the target market for the company's products and services, including the specific location, demographics, etc.

2. Complete an industry analysis for the company, including current trends and statistics.

3. Complete a four-square SWOT analysis for the company in which you do the following:

a. Identify three strengths, three weaknesses, three opportunities, and three threats.

b. Explain each of the identified strengths, weaknesses, opportunities, and threats.

D. Develop a market strategy (suggested length of 3-6 pages) in which you do the following:

1. Discuss each of the four Ps of marketing as they relate to the company's products and services.

2. Develop a price list for the company's products and services.

3. Develop a promotional strategy including specific tasks, target dates, and responsible parties.

4. Develop a monthly sales forecast for the first year of operations, including a discussion of expected market conditions.

Note: The sales forecast will be used as the basis for your revenue in your financial statements.

E. Develop an implementation strategy (suggested length of 3-6 pages) in which you do the following:

1. Summarize the overall strategy that will be utilized to launch your business, including target dates and goals for implementation.

2. Develop a post-launch monitoring plan (e.g., financial impact, quality control, customer satisfaction, monitoring schedule) to evaluate the success of the company in meeting milestones.

F. Calculate and develop the financial statements and projections (suggested length of 2 pages) for the first year of business by doing the following:

1. Develop a month-by-month forecasted profit and loss statement using an estimate of revenues and operating costs based on the sales forecast.

2. Develop a forecasted balance sheet for the end of year one.

G. Write a financial report (suggested length of 1-2 pages) in which you do the following:

1. Summarize the financial projections and the assumptions used in estimating the financial statements.

2. Describe the company's financial position at the end of the first year.

3. Describe the company's initial and future estimated capital/investment needs.

H. When you use sources, include all in-text citations and references in APA format.

Note: When using sources to support ideas and elements in an assessment, the submission MUST include APA formatted in-text citations with a corresponding reference list for any direct quotes or paraphrasing. It is not necessary to list sources that were consulted if they have not been quoted or paraphrased in the text of the assessment.

Note: No more than a combined total of 30% of a submission can be directly quoted or closely paraphrased from outside sources, even if cited correctly.

1. Review and organize required sections of your capstone business plan.

2. Run spell check and remove all green/red lines from the document.

3. Check your formatting to make sure that you have used the same format throughout the document.

4. Read the finalized business plan closely to ensure your sentences are clear and concise.

5. If you used references, make sure that you cite them using APA style.

Reference no: EM13864111

Previous Q& A

  The importance of goal setting

Provide one (1) specific scenario of an employee using goal-setting to increase work motivation and task performance, reduce stress, and improve the accuracy of performance evaluation.

  Example of effective early risk identification

To what extent do you think is it possible to identify risks associated with the project early in the project''s life span? Provide an example of effective or ineffective early risk identification.

  Identify the gaps in the organization current talent

Identify the gaps in the organization's current talent. Make sure you identify the gaps in depth and breadth of the current talent

  Research the topic and define the ethical concerns in detail

Using the information from Phase 1, you will thoroughly research the topic and define the ethical concerns in detail.Using two of the ethical theories, you will analyze your topic (using the ethical analysis approach) and then, using your conclusion,..

  How does an administration deal with qualified spouse

How do you justify to your staff the fact that Theresa is making a higher salary than any of them and that they didn't have the chance to interview for the position?

  Business ethics and ethical reasoning

Business Ethics and Ethical Reasoning

  Analyze and describe the pros and cons of each theory

One of the important topics found in the introduction to motivation and its place in public and nonprofit organizations. First, review the literature concerning three traditional theories of motivation and analyze and describe the pros and cons of e..

  Is there an endogenous benzodiazepine

Finding receptors for opiates sent researchers scurrying for endogenous ligands such as those which could account for "runner''s high." What assumption did researchers make?

  The role of control in the management planning process

The Role of Control in the Management Planning Process

  There are many benefits to implementing

There are many benefits to implementing and using Health informatics as you have stated in the assignment. Where do you see the greatest resistance to using information technology in the medical field: the nursing staffs (providers) or patients?

Reviews

Write a Review

 

Similar Q& A

  Explain what is spam

Explain What is spam and Identify and define two torts that protect against the intentional interference with persons.

  Question on business enterprises

Create an email script to be sent to AT&T customers informing them of the security breach and a plan to resolve the issues.Explain?

  Describe the major dsm iv-tr categories of eating

Describe the major DSM IV-TR categories of eating or substance abuse and Examine the various classifications of eating and substance abuse

  Business help - managing organizational change

Explain how has the need for organizational change consulting been impacted by technology and how has the process of organizational change been impacted by technology?

  What was the owners inspiration in starting the business

What was the owners inspiration in starting the business and job Safety and Health Protection Poster - Fair Work Act Poster

  Explain when the price of plastic surgery increases

Explain when the price of plastic surgery increases the number of operations decreases and the percentage change in the price of plastic surgery is less than the percentage change in quantity demanded.

  Explain the current trends in union membership

Sippose if you are a director of a corporation, how might you view the bargaining unit? How does the NLRB determine if a bargain unit is appropriate?

  Sport management personnelexplain how the history of the

sport management personnelexplain how the history of the sport business industry can be helpful for sport management

  Culture and cultural diversity in workplacecould you assist

culture and cultural diversity in workplacecould you assist me with and help me identify one event that you have

  Influence is the ability to affect the behavior of others

influence is the ability to affect the behavior of others in a particular direction whereas power is the potential or

  Importance of pretesting questions and instrumentsexplain

importance of pretesting questions and instrumentsexplain what is the importance of pretesting questions and

  Revisit those training issues as you begin to develop

Now it is time to revisit those training issues as you begin to develop a training session for EITHER the sales OR customer service department.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd