Business Plans Essays and Research Papers

Instructions for Business Plans College Essay Examples

Title: expanding a one store operation to a two store operation

  • Total Pages: 15
  • Words: 4413
  • Bibliography:0
  • Citation Style: APA
  • Document Type: Essay
Essay Instructions: Business Plan
Introduction
When venture capitalists are asked what they consider most carefully when
deciding whether or not to fund a new venture, they consistently respond: “We
are most concerned with the quality of the management team and the quality of
the business plan.”
The business plan is an important component of a business start-up. It forces
the business owner and his/her management team to reflect seriously on the
goals of their venture and the steps necessary to launch and maintain it
successfully. The very act of constructing a business plan offers an important
learning experience to the business owner, because it requires him/her to take a
comprehensive view of all aspects of the new venture: organizational, financial,
marketing/sales, legal, operational, and IT.
Outside investors find the business plan to be important because it offers
them a revealing picture of how the new venture will be organized and what it will
achieve. Of equal importance, the business plan enables them to determine how
effective the owner and his/her management team will be in launching and
maintaining the venture. If the business plan is poorly written, inconsistent, and
unrealistic, then the investors will not fund the venture, because they know that it
will likely fail. If you cannot write a compelling business plan, then it is unlikely
that you will be able to establish a viable business. On the other hand, a wellcrafted,
compelling, and realistic business clan suggests that the owner and
his/her management team know what they are doing.
This assignment has you put together a short business plan. In constructing
it, follow the outline provided later in this guide. As you organize and write it,
keep reminding yourself that the point of the document is to force you to think
through the most significant issues needed to launch and maintain the business
successfully, and to convince investors to provide you with funds because you
have a good money-making idea and know what you are doing.
Selecting a business venture
Write a business plan for one of the two following ventures:
· Option A. Expanding a one-store operation to a two-store operation
Assume you currently run a small retailing business in the lobby of a
large office building. Your store occupies 1000 square feet of space. You
spend fifty hours a week at the store and hire two employees, each of
whom spends thirty hours a week at the store. Your annual revenues are
between 0,000 - 0,000 a year. The products you sell are a mixed
bag of items. Basically, you stock up with items that occupants of the
office building will want, including snacks, pre-wrapped sandwiches,
bottled/canned beverages, greeting cards, newspapers, paperback books,
and small gift items that the building’s tenants might find attractive.
A new office building will open two blocks away from the building you
now occupy. You would like to expand your business to that building. In
fact, you begin to dream that you can establish a chain of such stores in
large buildings downtown. You have even cooked up a name for the
potential chain, “Buster’s” (named after your pet Labrador retriever).
At this point, you are not sure how you want to fund the expansion. You
need to put together a business plan to develop a sense of the financial
requirements of the new operation. You may decide to fund it using your
savings and by taking out a second mortgage on your house. Three other
options are to borrow money from the bank, borrow money from friends
and family, or to have friends/family assume an equity role in your
business as investors. In any event, your business case would be used to
borrow the money or to attract investors.
Write a business plan that describes this proposed venture.
·
Outline of the Business Plan Document
In the world of real business, business plans can take on a variety of shapes
and sizes. They may range in length from a few pages to hundreds of pages,
depending on the nature of the venture. They can be filled with detailed financial
and marketing data, or simply a brief sketch of financial and marketing
requirements ??" depending on how much data are available. They can be highly
structured or casual. There is no one best way to structure a business plan.
In this assignment, you should keep the business plan short: 10-15 pages of
text, typed single-spaced, using 12-point font. Charts and tables are extra. You
should also employ the following outline, which captures the chief elements of
typical business plans:
1) Introduction and brief description of the venture
a) Introduction (e.g., “This business plan describes a proposed venture to
expand Buster’s from a one-store to two-store operation.”)
b) Description of the business (“Buster’s is a small store located in the lobby
of a large office building …”)
c) Business aspirations (e.g., “Ultimately, we hope to expand Buster’s so that
it becomes a chain of 10-15 stores situated in downtown office buildings.”)
2) Organization of the business and key players (e.g., “Marsha Jones is
owner and principal manager of Buster’s. The current store employees two
people, each of whom works at the store 30 hours a week … The proposed
store will be managed by Ms. Jones …”)
a) Owner(s) ??" role(s) and qualifications
b) Company legal structure (e.g., sole proprietorship, partnership, LLP, SCorporation,
C-corporation)
c) Management team ??" roles and qualifications
d) Employees ??" roles and qualifications
e) Contractors/vendors (as appropriate) ??" roles and qualifications
3) Financials
a) Anticipated operating costs of the new business (e.g.,What are the
anticipated expenses of operating the business in a typical month?)
b) Anticipated investment requirements to launch the new venture (e.g.,
furnishing facilities, inventory purchases, meeting payroll during the first
six months of operation)
c) Anticipated revenue
d) Pro-forma cash flow projection for the first year of operation
REVENUES Month 1 Month 2 Month 3 Month 4 Etc.
Rev source A
Rev source B
Etc.
TOTAL REV
COSTS
Rent
Payroll
Materials
Etc.
TOTAL COST
NETCASH
FLOW
e) Payback point (taken from the pro forma cash flow statement)
f) Anticipated return on investment from the perspective of three years into
the venture
4) Marketing/Sales
a) Summary of a marketing/sales strategy
b) Marketing/sales requirements for the business
i) Price of goods/services
ii) Product
iii) Promotion
iv) Place
c) Competition
5) Operations
a) Location of the business
b) How the business will be operated (e.g., hours of operation, procedures to
produce goods/services, special operations issues)
6) Legal and sundry issues
a) Legal and related issues that need to be addressed (e.g., Liability,
intellectual property, structuring the business, commercial law issues, etc.)
b) How legal issues will be handled (e.g., in-house attorney, use of outside
legal services)
7) Major challenges
a) A realistic assessment of the challenges facing the new venture
How You Will Be Graded
1. Did you follow the instructions for the assignment?
No 1 2 3 4 5 Yes
2. Have you engaged in solid research of the topic? Do you have your facts
straight?
No 1 2 3 4 5 Yes
3. Are your arguments logical and compelling?
No 1 2 3 4 5 Yes
4. Is your presentation well-written (proper grammar, good flow, without
spelling errors)?
No 1 2 3 4 5 Yes
5. Are organizational issues for the new venture handled effectively?
No 1 2 3 4 5 Yes
6. Are financial issues for the new venture handled effectively?
No 1 2 3 4 5 Yes
7. Does the business plan reflect an effective handling of marketing and
sales issues?
No 1 2 3 4 5 Yes



Excerpt From Essay:
Bibliography:


Cinnamon, R & Larsen, B.H (2006), How to understand Business Finance, British Library Publications

Cinnamon, R & Larsen, B.H (2008), How to understand Business Finance, British Library Publications

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Title: Business Plan Retail Pharmacy

  • Total Pages: 8
  • Words: 2186
  • References:5
  • Citation Style: MLA
  • Document Type: Research Paper
Essay Instructions: Utilize the health care business you selected in Week One as well as the answers to the Basic Information questions. Create a Business Plan proposal for your health care company that includes the following sections:

1. Executive Summary: 1 ??" 2 pages, concise summary of a business report. It restates the purpose of the report, it highlights the major points of the report, and it describes any results, conclusions, or recommendations from the report.
2. Service and / or Equipment Description: 1 page minimum
3. Organizational Plan: 1 page minimum, include a chart that illustrates the structure of the organization. In addition, provide a summary of your management (i.e. background, responsibilities, etc.)
4. Marketing Segment: 1 page minimum, include demographics, target market, any incentives, competitors, advertisement, etc.
5. Financial Analysis: Projected income statement and types of assumptions made to compute the figures.

a. Typical Income Statement assumption information requirements.
b. What types of revenue?
c. How many services will be offered to produce the revenue (by month)?
d. How much labor will be required (FTEs)?
e. What will the labor cost?
f. How many and what types of supplies, drugs and/or devices will be required to offer the service?
g. What will the supplies, drugs and/or devices cost?
h. How much space will be required?
i. What will the required space occupancy cost?
j. Is special equipment required?


Your Business Plan should include a title page and table of contents (with sections and page numbers).

The final paper must be eight-to ten-pages in length (excluding title and reference pages). Include five to eight scholarly sources, cited in APA format.

Sample Business Plans. Retrieved from http://www.bplans.com/medical_and_health_care_business_plan_templates.cfm.
Excerpt From Essay:
References:


ACCP. (2008). The definition of clinical pharmacy. Pharmacotherapy. Vol 28 (6) 816-817.

Fein, a. (2006) How pharmacists view Wal-Mart's pricing strategy. Drug Channels. Retrieved November 12, 2012 from http://www.drugchannels.net/2006/10/how-pharmacists-view-wal-marts-pricing.html

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Title: The business plan formal document a company presents world crucial establishing image identity company One critical functions served plans present potential lenders investors risk profile company basically chances give money ll back

  • Total Pages: 3
  • Words: 760
  • Bibliography:4
  • Citation Style: APA
  • Document Type: Essay
Essay Instructions: The business plan is usually the first formal document a company presents to the world, and it is often crucial in establishing the image and identity of the company. One of the critical functions served by such plans is to present to potential lenders and investors the risk profile of the company -- basically, the chances that if you give them money, you'll get it back. The presentation of the company's financial statements is key to establishing current viability and survivability.

Lots of elements go into the creation and evolution of business plans, and the financials themselves are not self-revealing but must be evaluated in light of the whole company context. Here are three variations on advice about how to put such plans together; each has their own take on how to present and interpret financial data:

Darrell Zahorsky, Critical Steps to Writing a Business Plan About.com

NASA, Some Guidance on Business Plans

BusinessTown.com, Creating your business plan.

As your case assignment for this module, you are to read the following three sample business plans:

Acme Consulting

http://www.paloalto.com/sampleplans/bpp7/enu/live/acmeconsulting_live.pdf

Interstate Travel Center

http://www.bplans.com/truck_stop_business_plan/executive_summary_fc.cfm

Silvera and Sons

http://www.bplans.com/coffee_export_business_plan/executive_summary_fc.cfm


For this assignment I want you think in terms of being an investor and what interest rate you would require on your investment in each of the companies. The discount rate for determining net present value is related to risk in a business and the interest rate charged by investors. The article on buying a business by T. Berry, http://articles.bplans.com/index.php/business-articles/buying-a-business/buying-a-business-know-what-you-are-getting/ , talks about the discount rate and risk. You want to make sure that you charge a high enough interest rate to recoup your investment and make some money. Remember the higher the risk, the higher the interest rate (return on investment) you want to charge.

The background information has further material on using financial data to assess risks and comparatively evaluate the future possibilities for companies. In addition, you may wish to seek out further information through your own research. When you have reviewed the advice and the plans. please prepare a short (3-5 page) paper discussing:

Which of these three projects do you think should have the highest discount rate reflecting risk inherent in the business plan? Which one do you think should have the lowest?

Please carefully explain your reasoning about each of the three businesses, with reference to the appropriate financial and other information. You do not have to perform calculations or determine a specific interest rate you would charge - that would be extremely difficult in an introductory course. A rating of high, medium and low will do.



Case assignment expectations:

Use information from the modular background readings as well as any good quality resource you can find. Please cite all sources and provide a reference list at the end of your paper.

LENGTH: 3-5 pages typed and double-spaced.

The following items will be assessed in particular:

1.Your ability to effectively reason about the relationship between busines risk and the discount rate;

2.Some in-text references to modular background readings


http://sbinformation.about.com/cs/businessplans/a/aa020903a.htm


http://sbir.nasa.gov/SBIR/BusPlan.html


http://www.businesstown.com/planning/creating-plan.asp
Excerpt From Essay:
Bibliography:


Bplans. (N.d.). Coffee Export Business Plan. Retrieved from Bplans: http://www.bplans.com/coffee_export_business_plan/executive_summary_fc.cfm#.UFCjnI1lSBo

Bplans. (N.d.). Truck Stop Business Plan. Retrieved from Bplans: http://www.bplans.com/truck_stop_business_plan/executive_summary_fc.cfm#.UFCjko1lSBo

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Title: Business Plan for a Company

  • Total Pages: 12
  • Words: 3240
  • References:5
  • Citation Style: MLA
  • Document Type: Research Paper
Essay Instructions: Create a Business Plan for a real or fictional company (Writers Choice).

It must be at least 12 pages (not including the cover page and table of contents)

I will attach some sample Business plans so that you can see the correct format for this marketing plan.
You will find the guidelines for this in the attached "Business Plan Requirements" file.

Feel free to contact me with any questions.
Excerpt From Essay:
References:


Abesser, C. (2010). Open-loop ground source heat pumps and the groundwater systems: A literature review of current applications, regulations and problems. British Geological Survey.

Coopers (2010). KoolShade Solar Control. Available from: http://www.coopersfire.com.au/documents/literature/Koolshade/Koolshade%20brochure.pdf

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