BUS1101 Dog Grooming Daycare business plan

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timer Asked: Jan 30th, 2019
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Question Description

Project: Business Plan – Part II

The group of investors who saw your presentation several weeks ago seemed impressed and believed your business had potential. However, they gave you some feedback that you needed to hear. Your presentation did not include financials, organizational structure, employee skill sets, your background and brief bios of others involved, as well as who your stakeholders are and the nature of your commitment to them from an ethical standpoint. (Attached is my business that must be used)

Using this input plus the feedback you received from your instructor on the first part of your project, complete the finished version of your business plan presentation. You will update your PowerPoint presentation developed in Week 3 and prepare an additional 6 – 10 PowerPoint slides to address the following:

  • Financial projections
  • Sources of capital
  • Organizational structure
  • Key roles and the bios of those filling them.
  • Employee skill sets needed
  • Statement of commitment to the stakeholders

When creating your business plan presentation, include the following:

Business Plan Part I

  1. Title and business name.
  2. Explain the form of business ownership of your business, including the advantages and disadvantages of establishing your business in this form.
  3. Propose the objective(s) of the business and why they are appropriate.
  4. Summarize your intended customers.
  5. Propose your marketing plan:
    1. Specifically detail your major product(s) or service(s).
    2. Explain how you intend to promote your product(s) or service(s).
    3. Justify pricing for your major products (items) or services.
    4. Explain your channels of distribution; how you intend to get the products or services to your customers.
  6. Explain the economic factors that will impact your business.
  7. Analyze your main competitors or the competition factors that may impact your business.
  8. Include 2 -3 additional slides that summarize the corrections and improvements you have made to Part I as a result of your continuing study and feedback.

Business Plan Part II

  • Propose the financial aspects of your plan.
    • Estimate of the amount of startup capital you will need, and examples of how the money will be used.
    • Sources of finances – where you intend to get your startup funds
    • Projected income – how much money you intend to make over the next year, month by month.
  • Explain the key functions within the business.
  • Integrate information about key owners/staff and brief bios to include skills and qualifications needed for the business functions.
  • Propose an ethics and social responsibility statement.

Follow the same PPT design protocols detailed in the week 3 project instructions.

On the final slide, provide a list of references, using APA format Include at least three scholarly resources, one of which must be your textbook.

Submission Details:

  • Submit your Business Plan Presentation in a 15 to 20 -slide Microsoft Power Point.

Dog Grooming Day-Care BY: BRANDY TURNER DATE: JAN. 23, 2019 PROFESSOR: CHERYL ELLIOT Dog Grooming Day-Care There has been an upsurge of pet ownership in the United States; The most common pets in the country are cats and dogs; The rise in number of pets in the country means that there will be a need for a matching grooming and day care facility and/or service; Services offered will encompass grooming, medical care and different types of training; Forms of Business Ownerships 01 02 03 The business ownership will be a sole proprietorship; A sole proprietorship is owned and managed by a single individual; It can have multiple people operating the business but must have a sole owner. Advantages of Sole Proprietorship Owner has complete control and decision making power; Ease and cost of formation; Tax advantages Few formal business requirements; Disadvantages of Sole Proprietorships Investors normally avoid sole proprietorships; Potential exposure to liability; Decision making bestowed on owner; Business Objectives 01 02 03 Offer premium pet grooming services; Provide a decentralized pet care system; Humanization of the pet grooming process; Intended Customers All pet owners; Working pet owners; Grooming services Marketing Plan Services Provided Medical services (emergencies covered too); First aid training to pet owners; Dog training; Cont.; Promoting services provided Blogs and the social media; Local listings services; Join online communities; Referrals from satisfied customers; Cont.; Pricing Added value through provision of premium services; Humanized care of pets; Decentralized pet care system; Direct; Cont.; Channels of Distribution Dealer (after expansion); Economic factors that will impact the business  Consumer confidence;  Interest rates;  Employment; Competition Pet stores provide provisional grooming services as an after sale service; Pet care industry is heavily invested in; Huge corporations have huge marketing budgets unavailable to startups; Witherill, W. (2016). Dog Daycare Demographics. Retrieved from http://www.pawsdogdaycare.com/Start-UpServices/Dog-Daycare-Demographics.htm References Lombardo, C (2016). 10 Advantages and Disadvantages of Sole Proprietorship. Retrieved from https://connectusfund.org/10-advantagesand-disadvantages-of-sole-proprietorship Castaño, M. S., Méndez, M. T., & Galindo, M. Á. (2015). The effect of social, cultural, and economic factors on entrepreneurship. Journal of Business Research, 68(7), 14961500.
Feedback from W3 Who are your competitors? What will you offer that they will not? Spend a little more time addressing the questions of the rubric and find a source or two that you can cite and support your business idea.

Tutor Answer

Drval
School: Cornell University

hey buddy
find attached

Dog Grooming Day-Care
BY: BRANDY TURNER
DATE: JAN. 23, 2019

PROFESSOR: CHERYL ELLIOT

Dog
Grooming
Day-Care

There has been an
upsurge of pet
ownership in the
United States;

The most common
pets in the country
are cats and dogs;

The rise in number
of pets in the
country means that
there will be a need
for a matching
grooming and day
care facility and/or
service;

Services offered will
encompass
grooming, medical
care and different
types of training;

Forms of Business Ownerships

01

02

03

The business
ownership will be a
sole proprietorship;

A sole
proprietorship is
owned and
managed by a
single individual;

It can have
multiple people
operating the
business but must
have a sole owner.

Advantages of
Sole
Proprietorship

Owner has
complete
control and
decision
making power;

Ease and cost
of formation;

Tax
advantages

Few formal
business
requirements;

Disad...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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