Given these three conditions, you've come up with the idea of starting an on-campus business—selling this product to fellow students, but you can also deliver, mail/ship your product if your capacity allows you to do so and if it is feasible. As a business/entreprneur student, you want to start out right by preparing a business plan. To get started, you identified a number of specifics about your proposed business. Now you need to put these various pieces of information into the relevant section of your business plan as best as possible.

Using the business plan format described in the textbook (you may also reference online business plan guides or tools), your plan should include the following pieces of information:

You'll make this product or the ingredients for this product in the kitchen of a group member's apartment or you can contract it out and purchase it from a vendor.

You'll need to develop your own and best pricing based on your business model.

Your purpose is to make the best of this kind of product on or around campus and made as “fresh” as possible. You value integrity, consideration of others, and quality.

Each product/unit will have natural ingredients and will be superior to those sold in nearby shops and other stores on and around campus.

You expect sales between $50,000 - $200,000 for the first year. You decided.

This type of quality product is irresistible to college students. There's a lot of competition from local shops, but your product will be superior and popular with college students. You'll make them close to campus using only natural ingredients and sell them for $ (Your Chosen Price) each (You describe the size of your product) or less for larger orders. Your management team is excellent. You'll market your product by placing ads in the school paper, online, social media that your target markets use. You expect first-year sales of $50,000 - $200,000 and a net income of no less than $20,000 a year so that it is worth your time and effort. You estimate start-up costs at $1,000 as a minimum.

You'll possibly place ads for your product in the college newspaper, but you are free to do or use other marking methods.

You'll hire a manager at a salary of $300 a week or more. You decide. You are free to hire others.

You can possibly deliver locally or ship anywhere in the United States. This will depend on your business model.

You need $1,000 or more in cash to start the business, but you qualify for up to $10,000.

There are shops within walking distance of the college that sell similar products.

You'll make nothing but this product and target mostly college students.

Section of Business Plan: Development and Production of products

Section Description

Description of item

Answer rating: 100% (QA)

In the development and production section of your business plan you should describe the process of creating your product and any relevant details about its production Here are some possible elements t... View the full answer