MGT 402 SEU Entrepreneurship and Small Business Paper

Content Type

User Generated

User

Unabhsfny

Subject

Business Finance

Course

MGT 402

School

Saudi electronic university

Department

MGT

Description

Start-up Business Plan

Imagine you started a new business as an entrepreneur in Saudi Arabia.

Please, think and share information on the following items:

1. Owners, capital structure and company profile

a. Your Business Name, Address, E‐Mail

b. Form of ownership: What is the legal structure? Sole proprietor, Partnership, Corporation…..

C. Investment capital

2. Company Business Description (300 – 400 words)

A. Scope and type of business

What business will you be in? What will you do? What market segment will you choose?

Business idea: what is your big idea? Is it a product or a service? What makes your idea different?

Mission Statement

Company’s short-term and long-term goals and objectives.

Target market and demographics: Who will your customers be? Where do they live? What is your target market passionate about?

B. Business Philosophy

What is important to you in your business?

Describe your Industry: Is it a growth industry? What long term or short-term changes do you foresee in the industry? How will your company take advantage of it?

Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture?

Risk Assessment: Evaluate the strengths and weaknesses of your business using SWOT.

Scale of the business and its growth anticipation: what is the growth rate per year for five years? What do your 5-year financials look like? What is your path to profitability?

Who is your competition and how do you beat them?

Start-up costs: what costs do you expect to make the business run for the next five years?

3. Products and Services

a. Describe in detail your products or services (Technical specifications).

b. Size of business: how many employees? How many offices and retail facilities?

c. What factors will give you competitive advantages or disadvantages? Examples, include level of quality or unique or proprietary features.

Explanation & Answer:

600 words

Tags: business startup business venture Business description Scope and type of business Startup Business Plan

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Explanation & Answer

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Running head: START-UP BUSINESS PLAN

Start-up Business Plan
Student’s Name
Institutional Affiliation

1

START-UP BUSINESS PLAN

2

Start-up Business Plan
1. Owners, Capital Structure and Company Profile
Business Name: Saudi Home Maintenance
Address
Street: Yenbu
City: Yanbu, Yenbu
Area: Yanbu
Country calling code +966
Country Saudi Arabia
Email: saudihomemaintenance@gmail.com
The business will be a sole proprietorship business meaning that I will be entitled to all
profits and responsible for all my business's liabilities, debts, and losses (Mulliner & Algrnas,
2018). The investment capital will be SAR850,000.

2. Company Business Description
A. Scope and Type of Business
I will venture into a home maintenance business to offer cleaning, design, and repair
services for homes. I will choose a psychographic market segmentation because it deals with
people's interests and hobbies, lifestyle, values and beliefs, and personality traits which my
business touches on. My business idea is to deliver home services that cut across literally
everything individuals and homeowners want to be done in their homes and houses (Mulliner &
Algrnas, 2018). The business's focus is on selling services to homeowners. My business idea is

START-UP BUSINESS PLAN
different because it focuses not only on the interior of houses as other businesses do but also on
the exterior, including the compound.
Mission statement: "At Saudi Home Maintenance, we provide quality interior and
exterior home services to homeowners through the latest technologies and highly trained
personnel to better our lives at home and those around us. We believe that a neat home ...