Winning Business Plan

May 12th, 2015
Studypool Tutor
Strayer University
Price: $5 USD

Tutor description

Analyze the steps involved in crafting a wining business plan and make at least one recommendation for improving the process. Explain your rationale for making the recommendation you did.

Word Count: 577
Showing Page: 1/5
Winning Business PlanAnalyzing the Business planThe success of any business is crafted by making efforts in selecting the right business idea. Selection of the target market, financial assessments, risk managements, supply chain methodologies and organizational vision are few important factors to be analyzed for a winning business idea. Formally written proposal clearly describing all these assessments and making recommendations for further improvements is considered a very competent tool for making these assessments possible. Personal EvaluationA winning business idea starts from the evaluation and visionary clearance of the idea holder or the entrepreneur. It should be of the prime importance to understand how much interest an individual have for the business and the reasons for starting it [Candice Landau (2015)]. Market AssessmentMarket assessment includes understanding of the market size and target audience. A business cannot make great profits unless it has very strictly identified market to generate its sales. No organization has unlimited resources and financial budgets to reach every single individual for sales and promotions so successful organizations narrow down their market and audience and hit it with the available resources and generate maximum profits and sales [Candice Landau (2015)]. Legal RegistrationLegally registered organizations can easily build trust among their audience and it can help the organization to keep an improved system of

Review from student

Studypool Student
" Was sceptical because of all the poor reviews but I was desparate. Turned out pretty well, so I'm pleasantly surprised. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors