1) Business Description: a) Product or Service b) Unique Selling Points c) Potential Competition & Actual Competition d)

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

1) Business Description: a) Product or Service b) Unique Selling Points c) Potential Competition & Actual Competition d)

Post by answerhappygod »

1) Business Description:a) Product or Serviceb) Unique Selling Pointsc) Potential Competition & Actual Competitiond) Define your target market (geographic area, age, gender, mediumincome, education
2) Market Analysis:
a) Survey - gathering of primary data (geographic area, income,age, gender, education, price willing to pay for the product orservice, important features or services, products or solutions yourtarget market is already using, satisfaction with currentproduct/service, etc.)b) Prepare the data for analysis
3) Product / Marketing / Sales Strategy:a. Analyze and present the data gathered from your surveyb. Create charts (Excel) for presentationc. Define the four Ps as it relates to this business plan (Product,Price, Place,Promotion)d. Make sure to fully discuss the data analysis on which you baseyour recommendations
4) IT Software needed for the business:a. Software types and namesb. Use casesc. Pricing
5) The 3-year P&L cash flow analysis:a) Expected salesb) Costs of Goods and/or Services soldc) Other expenses (online costs, employees, rent, etc.)d) Net income
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply