Thursday, December 26, 2019

Business Plan Project Analysis - 3050 Words

Business Name What is the name of your business? Hint: When you think of the name of your business, make sure that it captures the spirit of the business you’re creating. Note to students: Once you have inserted your answer, delete the question and the tip provided here and leave just the heads so that your business plan will look more professional. Description of Business WHAT WILL YOUR BUSINESS DO? HINT: IMAGINE THAT YOU ARE EXPLAINING YOUR BUSINESS TO A FAMILY MEMBER OR A FRIEND. THE BUSINESS SHOULD BE EASY TO EXPLAIN. KEEP YOUR DESCRIPTION HERE TO ABOUT 30 WORDS OR LESS. Form of Business Ownership WHAT FORM OF BUSINESS OWNERSHIP (SOLE PROPRIETORSHIP, PARTNERSHIP, OR CORPORATION) WILL YOUR BUSINESS TAKE?†¦show more content†¦Think about how many levels of management as well as what kinds of managers your business needs. Organization Chart Show how the â€Å"team† fits together by creating a simple organizational chart for your business. Make sure that you organizational chart indicates who will work for each manager as well as each person’s job title. Hint: Most businesses start off quite small. However, as you create your organizational chart, consider what your business will look like in the future. What different tasks are involved in the business? Who will each person report to in the organizational structure? Refer to the discussion of organizational structure in Chapter 6 for information to get you started. Floor Plan Create a floor plan of the business. What does it look like when you walk through the door? Hint: When sketching your floor plan, consider where equipment, supplies, and furniture will be located. Ask your instructor how they would like you to submit the floor plan for your business. Raw Materials and Supplies Explain what types of raw materials and supplies will you need to run your business. How will you produce your good or service? What equipment do you need? What hours will you operate? Hint: Refer to the discussion of operations in Chapter 7 for information to get you started. Quality Assurance What steps will you take to ensure that the quality of the product or service stays at a high level? WhoShow MoreRelatedProject Description Of A Business Case816 Words   |  4 Pages†¢ Project description It includes project’s needs like design objectives, benefits, risks, issue and project’s initiation, background of the project, timeline, project’s financial aspects, identification of the stakeholders and so on(Rouse). †¢ Cost-benefit analysis This section helps in evaluation of the financial aspect of the project. It helps in finding the economical options for solving the problems. It includes both financial and non-financial benefits due to the proposed project. ToRead MoreBusiness Case Vs. Business Plan1132 Words   |  5 Pages Business Case vs. Business Plan Sunilkumar Patel Wilmington University Benjamin Franking has once said â€Å"By failing to prepare, you are preparing to fail.† This quote is still stands to true no matter which side of the global you visit. Especially in businesses, not discounting what size is it, it is very important to plan ahead; set goals whether they are short term or long term, share the vision with its employees. 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