Question: the business is perfume maker . . a For this project, you will be writing some of the Business Plan components for a new Micro-
the business is perfume maker
. . a For this project, you will be writing some of the Business Plan components for a new Micro- business. Your business will be PERFUME MAKER. To minimize the scope of the project, you will use the following assumptions: You will be the only owner and only employee of the business. Your start-up capital would be a maximum of $30.000. (No specific costs or expenses have to be accounted for in this project.) Assume you have any education, certificates, or credentials that would be needed for a business such as this. All data must have proper, accessible references using numbered endnotes (not a bibliography.) The assignment must be written in complete sentences (question numbering optional) in the order outlined below. 1. Describe the specific products and/or services you will offer and their nature. (1 - 3 sentences.) 2. Locate and describe the customer groups you will be targeting. (1 - 3 sentences) 3. Clearly define your market potential. (1 sentence) 4. Prepare a sales forecast for your first year of operations using 2 different methods/sources. (4 - 12 sentences.) 5. Explain how your business is predominantly Manufacturing, Wholesale, Retail or Service and show where you fit in the chain of distribution (1 - 3 sentences.) 6. Explain why now is or is not a good time to start a business such as this. What has changed in the market that affects the opportunity for your business? (3-5 sentences) 7. Specify your suppliers (name, location, URL) for any products or supplies that your business will need. (2 - 5 sentences) 8. Name, locate, and briefly describe any direct competitors that you will have to deal with... (2-6 sentences) 9. Name, locate, and briefly describe any indirect competitors that you will have to deal with... (2-6 sentences) 10. Name and explain the pricing strategy that you will be using. Explain why this is appropriate for how it fits in with the rest of your marketing mix. (2 - 5 sentences) 11. Describe the specific means you will use to promote the business explaining the reasons for your choices...(4-8 sentences) 12. Identify the legal form of the business. Explain your reasons for this legal set-up. (1-3 cantonna
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
