Entrepreneurial / Small Business presentation

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Please review the attached details for this assignment to develop a PowerPoint presentation slide deck pertaining to the Business Plan established over the weeks. Review the previous business milestone papers to assist with this request

NOTE: I do not have the textbook material for this course, therefore online research may be required if unable to access the book.

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COVER PAGE

Week-6

Investor Presentation

Tanesha A. Lockett

BSA493-B733-FA18-Entrepreneurship with Focus on Small Bus

Professor, Michael Jernigan, PhD

October 22, 2018


Unformatted Attachment Preview

Running Head: BUSINESS PLAN MILESTONE III Business Plan Milestone III--Management Team Tanesha A. Lockett BSA493-B733-FA18-Entrepreneurship with Focus on Small Bus Professor, Michael Jernigan, PhD October 7, 2018 1 BUSINESS PLAN MILESTONE III 2 Management UBER is a sole proprietorship of Dr. Angela Gomez, and she will be the overall head of the company, and the last resort in times of crisis. She will make the authoritative decisions and will have supreme power over all the affairs. However, all her choices should be from a balanced mindset conceived through the setting of facts through the three top management officers. The nature of the business that UBER engages in requires for the top-down approach in management since it is the drivers who will interact directly with the customers. The company's top manager is the Chief Executive Officer, Mr. John Levi, who is directly in charge of all the operations at the company, and will lead the company to success. Ms. Jane Leah is the Chief Financial Officer, and she deals with the deliberation of the different matters affecting the company financially. The final top management member is the Chief Technological Officer, Mr. James Ian, who ensures that the software for the company is top notch and that there is the general stability of operations. These three officers collectively bring over 60 years of experience and will be fundamental to the success of the company even as it ventures in the new market. As experts in their respective areas, there is high hope that there will be an increase in their job success rate while at UBER. Beneath these officers, are the general management staff, who deal with the daily running of the business, and are increasingly active on the ground. One of the officers in this level is the operations manager, who will deal with the synchronization of the drivers, the application and the customers, and will ensure that all is well on the ground. The other officer in this level is the disciplinary master who will handle all the misconduct cases, and either passes them on to the top management to suspend the drivers. The structure incorporated strives for increased BUSINESS PLAN MILESTONE III 3 interaction between the administration and the drivers, through the use of junior managers and other groundwork employees. Environmental Impact The current situation in Punta Cana with relation to the environment is very challenging, with the city having toxically high levels of pollution. However, the new service promoted by UBER seeks to reduce the number of vehicles on the road through the use of the chauffeured service, and the possibility of sharing rides. By sharing rides, congestion and pollution is reduced (Conner-Simons, 2017). UBER, therefore, reduces the environmental impact in the country due to this development. However, the increase in the vehicles managed by the company due to the rise in the popularity of the service will increase the general environmental degradation of the city, and there will be an improved environmental impact of the company in the city. UBER will come up with innovative ways to promote and reduce the environmental impact. One of the means through which the company will reduce this is through the use of new vehicles with low fuel consumption, thereby reducing the emissions. Using relatively new cars also increases fuel efficiency and reduces toxic emissions (Galbraith, 2016). Another way through which the company will reduce its negative environmental impact is the introduction of hybrid-only cars in the fleet as soon as the technology is economically sustainable in the city. To positively impact the environment, UBER will engage it drivers and other involved personnel in the periodic planting of trees to generally improve the environmental structure of the city. This innovative behavior will also serve as a measurement of growth as it will involve BUSINESS PLAN MILESTONE III the planting of the same number of trees as the employees in the company, thus reducing pollution and increasing the positive environmental impact of the city. 4 BUSINESS PLAN MILESTONE III 5 References Conner-Simons, A. (2017, January 4). How ride sharing can improve traffic, save money, and help environment. Retrieved from: http://news.mit.edu/2016/how-ride-sharing-canimprove-traffic-save-money-and-help-environment-0104 Galbraith, K. (2016, January 21). Are Uber and Lift Helping or Hurting the Environment? Retrieved from: https://www.theguardian.com/environment/2016/jan/21/uber-lyfthelping-hurting-environment-climate-change Running Head: WEEK 2-2 BUSINESS PLAN MILESTONE 1 Week-2 Business Plan Milestone I Tanesha A. Lockett BSA493-B733-FA18-Entrepreneurship with Focus on Small Bus Professor, Michael Jernigan, PhD September 16, 2018 1 UBER BUSINESS PLAN 2 Executive Summary The primary objective of the business plan is to understand the potential of introducing Uber services in Punta Cana, Dominican Republic. The paper begins by analysing the economic environment of the target location. Through the analysis, it identifies the start-up costs of setting up the taxi business including the costs involved in licensing, insurance, and the initial fleet (Bozek, 2018). The sources of finance are established and their various roles defined. It goes on to highlight the multiple risks that the company may face during the implementation process and the risk management techniques that will be used. Uber offers transportation services through a mobile application that allows its users to access cab services form the comfort of their phones. The company offers its customers several functions that are both affordable and luxurious. The target market for Uber includes individuals who do not have personal vehicles and others attending parties or anyone who wishes to be driven around. Taxi drivers also benefit from the company because it allows them to have an extra source of income. Overall, the business plan contains information about the financial objectives of Uber, social contributions, business model, organizational structure, strategic alliances, and the company’s global management information system. The Industry and Company Uber operates as a global company that allows its customers to access cab services using a mobile phone application. Considering the target location, a tourist town, the company has the potential to emerge successfully. Also, apart from the local taxi drivers, it will be the only company that offers cab services through the phone. Uber customers get to enjoy professional and luxurious facilities. Some of the services are customized to serve school kids and older UBER BUSINESS PLAN 3 adults. The company faces less competition, and the area has excellent infrastructure concerning roads and technology. The company relies on its strategic alliances with other companies that offer services such as payment processing, investors and Map API providers. Since it operates on a global scale, the company has a comprehensive management information system which simplifies business operations and facilitates proper data management (Ojo, 2017). The uniqueness of the services and the target location gives Uber a competitive edge over its competitors. However, some of the challenges that the company may face is the dismissal of the services because it may be considered a tech company instead of cab services. It may also face stiff competition from other cap service providers like Didi and Lyft. Market Research The company is mainly targeting individuals who prefer using taxi services. This may also include physically disadvantaged people, school kids and the elderly who need to move around. Also, the company targets taxi drivers who want to make extra income using the platform. The company mainly considers price competition and ease of access to a location before exploring new markets. The services offered by the company are reliable and affordable which market it more appealing to customers. The majority of the target population is working class individuals who need to move around over short distances. This may also include students, kids and the elderly most of whom cannot drive due to old or underage. On the other hand, the driver and other people who own cars and would like to earn an extra income could benefit from the services offered by the company. UBER BUSINESS PLAN Nevertheless, it is important to note that the majority of Uber users are in major cities and are financially stable (Stone, 2017). 4 UBER BUSINESS PLAN 5 References Bozek, Rachel. Uber, Lyft, Airbnb, and the Sharing Economy. , 2018. Print. Ojo, Sanya. The Uber Case: The Future of an Innovative and Disruptive Start-Up Firm. , 2017. Internet resource. Stone, Brad. The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World. , 2017. Print. Running Head: BUSINESS PLAN MILESTONE IV Business Plan Milestone IV- Finances Tanesha A. Lockett BSA493-B733-FA18-Entrepreneurship with Focus on Small Bus Professor, Michael Jernigan, PhD October 14, 2018 1 Business Plan Milestone IV 2 Financial Plan The primary purpose of this business plan is the estimation of the start-up and ongoing costs, the identification of the revenue streams, and the forecasting of the net cash flow and profits. The venture is going to undergo funding solely by the proprietor through the paid-in capital. The initial costs for the company are very high owing to the high infrastructural investments. The initial startup costs also include the inclusion of other expenses such as marketing to both drivers and consumers, incentives to these parties and general administrative expenses. Payments made to the various service providers working with the company is another reason for these high investment costs. For the first year, we estimate our monthly revenue break-even at $70,875 with fixed monthly costs of $30,000. The estimations for the total net profit for our first year is negative ($200,000) due to the aforementioned startup expenses. For the second year, we estimate that there will be a net profit of $150,542 due to the reduction in the costs and the general increase in the market share. For our third year, we estimate that the company will have a positive net profit of $167,546. The startup capital of $45,005 and initial working capital of $250,000 are through the funding of the owner, Angela Gomez. We project the net cash flow for the first year at $32, 056, consequently increasing to $105.227 and finally $79,582 in the third year. Our projections for the first end of year cash balance are $87.000. This balance will increase to $237,000 and finally at $252,983 in the third year. At the end of the first year, we anticipate our accounting net worth to be at negative Business Plan Milestone IV 3 ($12,548). This will increase to $65,659 in our second year and finally to $148,946 in the third year. Desired Financing As a private startup, Dr. Angela has come up with the necessary cash to kick-start the project for the first year before any unforeseen problems come in. The owner has put in more than enough money in the business to ensure that it succeeds. Bootstrap financing is therefore sufficient to ensure the optimal running of operations even with the inclusion of the startup expenses. The owner's initial investment of $45,005 in startup capital, topped up with paid-in capital of $250,000 results in total capital of $295,005. The owner is aware of the risks involved in setting up this relatively new cab-hailing service in this country. If the venture fails, her initial investments may be unrecoverable. If the net profitability is unattainable, the owner will start putting in place measures to exit the venture. Only the owner is going to suffer a loss in the event of either the failure of the enterprise or the lack of proper monetization of the services in the company. If the venture is under-capitalized, there are other numerous avenues through which the company can seek funding. The owner can incorporate other investment partners for a share of the company (Edwardlowe.org, 2015). If this does not work out, the owner can take out a loan from a banking institution with the company's assets as the collateral, and she will retain sole ownership of the company even after it successfully overcomes the hurdle of low capital (Businessregistries.gov.ws, n.d). The owner can also review her return-on-investment, and inject her earned money back to the company through the paid-in capital. Business Plan Milestone IV 4 References Businessregistries.gov.ws. (n.d.). Does the company have loans or borrowings secured by its assets? | Ministry of Commerce, Industry & Labour - Samoa. Retrieved from https://www.businessregistries.gov.ws/companies/how-to-search/does-the-companyhave-loans-or-borrowings-secured-by-its-assets/ Edwardlowe.org. (2015, July 23). How to Expand Your Business with Partners and Investors Edward Lowe Foundation. Retrieved from http://edwardlowe.org/how-to-expand-yourbusiness-with-partners-and-investors/ Running Head: BUSINESS PLAN MILESTONE II Business Plan Milestone II--Economics, Marketing, and Production Tanesha A. Lockett BSA493-B733-FA18-Entrepreneurship with Focus on Small Bus Professor, Michael Jernigan, PhD September 25, 2018 1 BUSINESS PLAN MILESTONE II 2 Economic outlook While analyzing the economic outlook of introducing UBER services in punta cana, in the Dominican Republican, it is important to note that the business plan will lead to additional costs. The respective costs include costs for purchasing additional UBERs to sustain the new demand. Considering the current state of the company the money for introducing the new service should come from revenue realized after performing the routine operations. The first thing in the whole process is to analyze the current demand, insurance costs and initial fleet cost for the service. It is advisable before implementing a clear analysis of the business to determine whether the capital outlayed will bring back revenue. After analyzing the demand in punta cana, there are no other companies that offer UBER services. Hence the investing highly in the business is expected to have higher revenues. However, the issue of labor cost should be considered. Since the drivers in other locations cannot be transferred, new drivers from the locality will have to be sourced. After analyzing the labor cost in punta cana, it can be noted that using the local drivers is economical than transferring drivers. Marketing plan According to the business plan, the primary target of the UBER service are people who are physically challenged, elderly people, school children among other people who do not have personal means of transport. For every type of business to succeed the best ways is to find means of reaching the target audience. Nowadays, almost everyone has access to the online platform. To advertise UBER services, the first step is to create a website whereby the services will be accessed including details about the business. The costs should be minimized to ensure that they are below BUSINESS PLAN MILESTONE II 3 what the other transport service providers offer. In addition, discounts should be provided to the first customers to improve UBER services popularity in the new region. Product design and development plan After analyzing the target market in the proposed business location. The infrastructure in the area is perfect. In addition, competition is also low. Hence the business will prosper without any limitations. The first step will be hiring expert drivers from the locality. The drivers ought to have ethics since the business will include direct contact with customers. After hiring drivers, the next step will be installing the UBER application in the online platform whereby customers can download it for free. The application will provide a direct link between the customer and the nearest driver. To ensure that the best services are offered there will be an option for customer feedback in the application programme. Manufacturing and operations With respect to the operations plan, UBER services will be provided on a 24-hour service plan. Customers will be able to access the service regardless of their locality. To improve operations, the company will be working with other service providers who offer electronic modes of payment. Due to the advancement of technology, the customers will be able to pay for the services using their mobile phones through the online platform. Upon payment, a message will be sent to both the driver and the respective customer. The application is GPRS enabled hence the driver will be able to locate the customer quickly. Upon arriving at the destination, the driver conveys a message to the main center for the next job to be scheduled. Running Head: BUSINESS PLAN MILESTONE IV Business Plan Milestone IV- Finances Tanesha A. Lockett BSA493-B733-FA18-Entrepreneurship with Focus on Small Bus Professor, Michael Jernigan, PhD October 14, 2018 1 Business Plan Milestone IV 2 Financial Plan The primary purpose of this business plan is the estimation of the start-up and ongoing costs, the identification of the revenue streams, and the forecasting of the net cash flow and profits. The venture is going to undergo funding solely by the proprietor through the paid-in capital. The initial costs for the company are very high owing to the high infrastructural investments. The initial startup costs also include the inclusion of other expenses such as marketing to both drivers and consumers, incentives to these parties and general administrative expenses. Payments made to the various service providers working with the company is another reason for these high investment costs. For the first year, we estimate our monthly revenue break-even at $70,875 with fixed monthly costs of $30,000. The estimations for the total net profit for our first year is negative ($200,000) due to the aforementioned startup expenses. For the second year, we estimate that there will be a net profit of $150,542 due to the reduction in the costs and the general increase in the market share. For our third year, we estimate that the company will have a positive net profit of $167,546. The startup capital of $45,005 and initial working capital of $250,000 are through the funding of the owner, Angela Gomez. We project the net cash flow for the first year at $32, 056, consequently increasing to $105.227 and finally $79,582 in the third year. Our projections for the first end of year cash balance are $87.000. This balance will increase to $237,000 and finally at $252,983 in the third year. At the end of the first year, we anticipate our accounting net worth to be at negative Business Plan Milestone IV 3 ($12,548). This will increase to $65,659 in our second year and finally to $148,946 in the third year. Desired Financing As a private startup, Dr. Angela has come up with the necessary cash to kick-start the project for the first year before any unforeseen problems come in. The owner has put in more than enough money in the business to ensure that it succeeds. Bootstrap financing is therefore sufficient to ensure the optimal running of operations even with the inclusion of the startup expenses. The owner's initial investment of $45,005 in startup capital, topped up with paid-in capital of $250,000 results in total capital of $295,005. The owner is aware of the risks involved in setting up this relatively new cab-hailing service in this country. If the venture fails, her initial investments may be unrecoverable. If the net profitability is unattainable, the owner will start putting in place measures to exit the venture. Only the owner is going to suffer a loss in the event of either the failure of the enterprise or the lack of proper monetization of the services in the company. If the ventu ...
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Tutor Answer

NicholasI
School: Purdue University

Hello, kindly find the attached completed work. Thank You.

Business Plan

Introduction


The plan is to open an Uber business in Punta Cana,
Dominican Republic. The company is a sole
proprietorship by Dr. Angela Gomez.



The presentation will contain an analysis of the industry
and the market. It will also look at the marketing
strategies Dr. Gomez, and her team will put in place to
ensure the success of the business.



It will also include the financial plan, i.e., the start-up
costs, operation costs among others

The company


Uber allows anyone with a phone and an internet connection to
access Taxi drivers within the location (Bozek, 2018).. After every
ride, the customer can leave a review about the driver. Here, she can
launch any complaints if there is any and Uber will take action to
improve the services.



Uber operates internationally, and in the locations where it is in
operation, it has succeeded. The company targets anyone without a
personal vehicle, anyone who wants to move around, or people who
have attended parties and are too drunk to drive themselves.



Uber also targets individuals who want to make extra
money as drivers. Anyone with a tax can sign up to Uber,
and become their driver. There is a process followed, but
the process is not that rigorous meaning anyone with viable
documents can become an Uber Driver.



The company partners with companies offering payment
services such as Investors, payment processing, and MAP
API providers when it needs to pay its drivers.

The Market


Punta can is tourist attraction site which makes Uber a profitable business
in that location. Many tourists will want to move around viewing all the
attraction sites the area has to offer which means that Uber will have
many customers.



Apart from tourists, other Uber customers include students needing to get
to school, people rushing to get to work or social events but don’t have
cars, those who are too drunk to drive themselves after a night out among
others.



Uber also allows underage passengers. Safety is a guarantee because the
company vets drivers before being allowed to use the platform.

Business Model


The owner of the Business is one, Angela Gomez. We
then have the Chief Executive Officer, Mr. John Levi,
Chief Financial Officer, Ms. Jane Leah, and Ch...

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Anonymous
Thanks, good work

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