A Business Plan For A New Business - 1712 Words

During the last few years while working as a machinist, Bruce realized he did not want to punch a clock the rest of his life. He was always searching for a business opportunity where he could set his own hours, create his own success, and be his own boss. While thinking of ideas for a startup business, he began thinking of his past employment history. Spending most of his youth working on local dairy farms, he saw firsthand the damage pests can do to the dairy herd and effect the production of milk. Rodents could decimate grain storage by contaminating the feed stock. They carry diseases which can cause illness in the herd. Flies were a constant nuisance to the herd causing sores and undue stress often times causing reduction of milk production. Realizing that this was an untapped market for pest control in his area, he decided this was a great idea for a new business. He signed up for classes and soon became licensed for pest control within the state of Wisconsin. So, after developing a business plan in 1998, Bruce founded Blakeman Exterminating. Prior to this, Bruce did not possess any formal business, financial, or marketing training. However, growing up in a large family, many of his relatives owned their own businesses and were willing to mentor him. Through their experience and guidance they helped Bruce make sound decisions during the initial years of his business which created a solid business strategy and objectives. One of these decisions wasShow MoreRelatedBusiness Plan For The New Business1864 Words   |  8 Pages Business plans are used to outline the details of a new business. This is then used as a tool to attract potential investors to help out with the startup of the company (Ramsey 182). Additionally, it helps those who are starting up a business examine what it will actually take for the new business to be successful (Ramsey 183). However, business plans are not solely reserved for those who are starting a new business; some businesses create business plans to show how they will improve or restructureRead MoreBusiness Plan For A New Business Program1334 Words   |  6 PagesWhenever a new business program is created, it explicitly employs a business model that is suitable for that particular business, which describes the design, the delivery and the mechanism it employs to achieve success. The core meaning of a business model is to define the value it delivers to its customers, make customer pay for the value provided, and converts these payments to profit (Teece, 2009). There are diff erent types of business models and they suit different types of business. Berry (nRead MoreBusiness Plan For A New Venture1355 Words   |  6 PagesA business plan can be used for beginning a new business, to create a more profitable business or for consideration of new services and ideas. A business plan is a written document that gives details on a business idea or venture and present the outlook of the business over a number of years. This plan will guide the business project management and operations, assist in vital decisions and measure performance. There are many types of business plans and not one of them is considered a universal planRead MorePreparing A Business Plan For Your New Business1472 Words   |  6 PagesWhen entering into a small business, management style is crucial. Additionally, there are other key factors that should be considered in preparing a business plan for your new business. One of these factors is size of the company or potential growth. When Eve Ye n embarked on her business she was not totally prepared. She was not fully knowledgeable of the managerial process to begin operations. 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However, our dedicated experts developed the plan and implementation procedures following the 10 steps which are summarized below: Define Goals It is necessary to develop a new version of our software that will be compatible and will work without any problem with the new version of operating system ofRead MorePlan For A New Strategic Business Plan2051 Words   |  9 Pagesand establish a new organisation, the need for a new strategic business plan is imperative. The massive majority of the newly-merged companies failed to reach both their financial and strategic goals and endure in an arguably competitive business world, because they lack of an effective plan, which will consider the tremendous changes that took place for both the acquiring and the acquired company and which will assure the smooth integration of practices and policies within the new organisation (MarksRead MoreBusiness Plan For A New Company5096 Words   |  21 PagesIntroduction – Denise’s Scrapping with Style Draft Business Plan This paper will provide a draft business for a new company; Denise’s Scrapping with Style (DSS). First, this paper will revise the company description based on feedback received to date. Next, it will review the industry analysis and trends section base also on pointers received from other professionals. Further, this paper will modify the strategic position and risk assessment section based on valued opinions received thus farRead MoreStrategic Plan For A New Business1483 Words   |  6 PagesStarting a new business is not easy especially in an industry that already has strong procedures and standards. Every manager and leader associated with a startup company knows the value of a solid business plan and its impact on the first year of operation. One of the first steps new owners take before opening its doors is to develop a strategic plan and company objectives, both long and short-term that provide a blueprint for enterprise growth. Organizational executives are res ponsible forRead MoreBusiness Plan For A New Company7582 Words   |  31 PagesIntroduction – Denise’s Scrapping with Style Final Business Plan This paper will provide a final business plan for a new company; Denise’s Scrapping with Style (DSS). First, this paper will provide an executive summary for this business plan justifying: a clear and concise business concept; a thoroughly planned business concept; a capable management structure; a clear-cut market need, as well as significant competitive advantages for DSS; realistic financial projections; a definition of the excellent