Description
- This assignment consists of two (2) sections: your final business plan and your business plan financials. Note: You must submit both sections as separate files for the completion of this assignment.You have completed all of the necessary sections of your business plan and will now create a final draft. Use any / all feedback you have received to polish your plan to the point that you could confidently show it to investors and potential partners or customers.Refer to the Outline of a Business Plan, beginning on p. 399 of the course text. (Click here for help accessing a specific page number in your eBook.) Not all businesses will include all of these components in this order, but use the outline as a guide. Specifically your plan will not require the Development, Milestones, and Exit Plan section of the business plan.Section 1: Business Plan (MS Word or equivalent)Construct a ten to thirty (10-30) page business plan. Note: Twenty (20) pages are sufficient for most businesses.
- Write a one to three (1–3) page executive summary for your business plan, in which you justify:
- A clear and concise business concept.
- A thoroughly planned business concept.
- A capable management structure.
- A clear-cut market need.
- Significant competitive advantages for your business.
- Realistic financial projections.
- That investors have an excellent chance to make money.
- A realistic and developed exit plan.
- Combine all of the sections stated below and revise your initial business plan draft, which you submitted in Week 8, based on feedback you have received.
- Executive Summary
- Company Description (Assignment 1)
- Industry Analysis and Trends ( Assignment 1 )
- Target Market ( Assignment 2 )
- Competition ( Assignment 2 )
- Strategic Position & Risk Assessment ( Assignment 1 )
- Marketing Plan & Sales Strategy ( Assignment 2 )
- Operations Plan ( Assignment 3 Part 1 )
- Technology Plan ( Assignment 3 Part 1 )
- Management & Organization ( Assignment 3 Part 1 )
- Ethics & Social Responsibility ( Assignment 3 Part 2)
- The Financials ( Week 7 Discussion )
- The Financials and the Management description—must spark enough interest to convince a reader to continue. Enhance the two (2) mentioned sections to appropriately engage the reader.
- Hints: The financial section of your business plan will be derived from the previously completed financial worksheets.
- Format your assignment according to these formatting requirements:
- Cite the resources you have used to complete the exercise. Note: There is no minimum requirement for the number of resources used in the exercise.
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
- For year one, submit a revised Income Statement, Cash Flow Projection, and Balance Sheet from the “Business Plan Financials” Excel template based on your feedback from Project Deliverable 4: Business Plan – Draft .
- Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
- Create a plan to implement a firm’s strategy and manage the change from current operations.
- Analyze strategies for exerting the internal leadership needed to drive the implementation of strategic initiatives and improve operating excellence.
- Use technology and information resources to research issues in strategic management.
- Write clearly and concisely about strategic management using proper writing mechanics.
- Write a one to three (1–3) page executive summary for your business plan, in which you justify:
Explanation & Answer
I have done your work and rectified some mistakes that were present. Kindly specify where you need more correction and inform me in advance. Thank you.
Running head: Business Plan
1
Business Plan
Student’s name:
Institution affiliation:
Date:
Business Plan
2
BUSINESS PLAN
Executive summary
The Belly is a nonprofit corporation whose aim is to produce high-quality non-alcoholic
drinks that will improve the nutritional status of street individuals and its potential customers.
Belly’s drinks will be produced from natural fruits that are locally available. The target consumers
of these drinks are street individuals and other potential customers all over the world. The
Company will also be inventing new non-alcoholic drinks by blending several nutritious fruits.
The business will have a simple management structure. The management will consist of
the following members: the CEO, operations manager, sales manager, & finance manager. The
CEO will be in charge of all the operations but he will be assisted by the other members of the
management board.
Belly products will provide a solution to the current nutritional needs of non-alcoholic
drinks. The Company is dedicated to manufacturing quality and nutritious drinks at a lower cost
and avail these products to the market at an affordable price. This will ensure that the customer
demand is met and promote a healthy life to all people including those who live in the streets.
Since Belly will be new in the market, any available opportunity will be utilized to give it
a competitive advantage over its rivals. Some of the competitive advantages that Belly will utilize
to outplay its competitors are conducting more advertisements as compared to rival Companies,
conducting monthly promotions and roadshows to create an awareness of its products, offering
the products on credit or at a discount to regular customers, carrying out innovation to invent new
non-existing drinks that are of high quality than the existing ones and setting a standardized prices
of the products to ensure that many customers can afford to purchase them.
Business Plan
3
Moreover, the Company will have a realistic financial projection that will act as a guideline
towards achieving some of the set standards. The financial projections will be d one for a maximum
period of five years.
Belly’s exit strategy is through acquisition. The management will allow more of the shares
to be bought by other Companies that are interested in the production of non-alcoholic drinks. This
strategy will be employed when the management realizes that the returns from the investment of
the Company are diminishing. Therefore, to prevent more loss, other Companies will be allowed
to acquire and have control of the operations.
Income statement
Year1
Year 2
Year 3
Year 4
Year 5
Revenue
$400,000
$525,000
$630,000
$705,000
$775,000
Cost of sales
$250,000
$325,000
$360,000
$ 407,500
$452,500
Gross profit
$150,000
$200,000
$270,000
$297,500
$322,500
Advertisement
$12,000
$12,900
$24,120
$24,300
$24,480
Rent
$30,000
$30,000
$30,000
$30,000
$30,000
Electricity
$8,000
$ 8,030
$8,060
$9,000
$9,050
Utilities
$6,000
$6,045
$7,150
$7,400
$7,560
Miscellaneous
$4,800
$5,000
$5,085
$6,050
$6,090
Licenses
$1,000
$1,000
$1,000
$1,000
$1,000
Maintenance
$6,600
$7,200
$8,100
$8,400
$8,640
Telephone
$1,200
$1,310
$1,350
$1,415
$1,460
Business Plan
4
Total Expenses
$69,600
$71,485
$84,865
$87,565
$88,280
Net profit
$80,400
$128,515
$185,135
$209,935
$234,220
Balance sheet
Begin
Year 1
Year 2
Year 3
Year 4
Year 5
Cash
$30,000
$ 35000
$42,000
$50,000
$54,000
Inventory
$225,000
$224,000
$246,000
$268,200
$272,100
Total current assets
$255,000
$259,000
$288,000
$318,200
$326,100
Fixed assets
$25,000
$26,500
$28,400
$30,500
$33,300
Less depreciation
-
$4,000
$4,250
$4,860
$5,000
Net fixed assets
$25,000
$22,500
$24,150
$25,640
$28,300
Total assets
$280,000
$281,500
$312,150
$343,840
$354,400
Creditors
$1,500
$2,000
$2,750
$3,500
$4,300
Accruals
$ 300
$500
$600
$ 750
Total liabilities
$1,800
$3,250
$4,100
$5,050
$2,000
Business Plan
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Company description
The Belly is a non-profit corporation whose main aim is to improve the nutrition status of
street individuals. The business will be located in Virginia with several distribution outlets in the
streets of Richmond. The company’s main target is to feed the street people who are always
neglected in the society. This aim is meant to reduce the challenges faced by the street individuals,
particularly the women and children.
The main consumers of Belly’s products will be the individuals living in the streets. This
initiative will improve their health since the Belly’s products will be specifically drinks made from
various nutritious fruits that are rich in vitamins and minerals.
The business will start as a small-scale business where a total amount of $30,000 will be
invested to start up this business. These funds will be sourced from donations well-wishers, friends
and other charity non-governmental organizations (NGOs). However, as the business grows,
funding will be obtained from financial institutions like the banks. These funds will be used to
expand the business by increasing its capacity in terms of production, coverage areas,
infrastructure and the number of employees.
The business will have a simple management structure. The management will consist of
the following members: the CEO, operations manager, sales manager, & fin...