07 Jul Business Proposal
Business Overview
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- Business Name. It should be catchy, memorable, easy to say, easy to write/read
- Description of what the business does and what problem it solves for customers
- Business Mission/Vision/Values
- Business Formation – Using the advantages/disadvantages of each formation, explain why you chose this one.
- SWOT Analysis of your business
- Include a brief competitor analysis under threats.
- Ethics – what ethical standards and practices do you have in place for your employees
Finances
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- Price for your product(s). What pricing strategy did you use for pricing your product(s) and why.
- Estimate the following:
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- COGS – cost of goods sold (i.e. how much does it costs to produce one unit of your product)
- Revenue for first year = # items sold in year 1 * price
- Margins = Price – COGS
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Human Resources
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- Identify major roles that you will need to fill. (executive level, managerial level, and front line employees). This does not need to be an exhaustive list, rather identify a handful of roles needed at each level.
- How will you recruit to fill these roles?
- How will you evaluate, reward or correct employee job performance?
Marketing
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- Choose one: create a 15-30 second video commercial of you promoting your business. You can use imovie or similar app to help you create your commerical.
