Free Essay

Business Plan Document

In: English and Literature

Submitted By Armine1
Words 420
Pages 2
TO DO: 1. Begin drafting formal business plan document 2. Primary research through a user survey on google forms 1. explain who we polled, why we did it, and what we found 1. Who is our customer (in and out) 1. age, salary, hobbies, skills, activities, schedule, location, goals, etc 1. What are our customer acquisition costs? 1. time 2. $1000 for like Bruin Plaza, flyers, trainers (for the Bruin plaza day), free snacks, apparel 1. App mock-up 2. Who are partners vs. customers (do we have both?)

Updates to presentation: * More photos - high quality (get a shutterstock subscription?) * Facebook, linkedIn, googleplus accounts * Make numbers stand out * Get a logo * Beginning of presentation * Start with photo and no logo and begin to tell story * Then show a number slide that explains a problem that our market faces * Show SpotMe slide - the solution to the above problem and explain what it is * Add citations like 30001 * 1 what does the number 3000 mean, what is the source * put actual website source in appendix * Remove numbers about how much money was invested in health apps * Instead quantify the benefits of using an app like SpotMe i.e. the health benefits and compare that to how much it costs $5 * divvy up bullet points/numbers to different slides * currently there is too much text on the slides * MAKE THE BULLET POINTS MEAN SOMETHING → working out 200% more what does that mean * 53% not 52.8% * remove circle graph * who else is out there? how do we differentiate from them? * price of app $5 which is less than 1% of tuition paid and with this app you change your life * what are our customer acquisition costs? * add citations

Good Things That We Have: * Great story/opening!

Extras: * Raising money does not mean a good business * Data points being used should target the pitch specifically * If % of UCLA rec unique visitors participated in our app we would generate…

Questions: 1. How should we adjust the marketing rollout data? 2. How should we market/approach the freshmen? 1. look at how many events freshmen attend, find out how many unique freshmen we can actually market to 2. poll freshmen to find out what percentage would be interested and that is our basis 1. When will we make money/be profitable 2. Will our revenue stream be: 1. transaction revenue? - one time customer payments 2. recurring revenue? - on going payments (allows us to track long-term revenue) 3. Tracking data? Lots of info to collect.

Similar Documents

Premium Essay

Master Business Plan Proposal Document

...MASTER BUSINESS PLAN PROPOSAL DOCUMENT GATEWAY TO BUSINESS BUS 1000 EXECUTIVE SUMMARY (1 page) Ambro • First page of the document • Include team member names • Include one image of app (or that denotes the app focus) • 200-300 words total • 2-4 sentences that capture the essence of your app • 2-3 sentences on the need/desire your app addresses • 2-4 sentences on the size of your target market • No glitzy marketing terminology (“Plus, if you act now, this set of… absolutely free!”) • Think and write in terms of the HCOC (holy crap on a cracker) model… in other words, say something in 200-300 words that would make an angel investor want to turn the page and read the rest of your business plan proposal THE TEAM (1 page) Ambro • Second page of the document • Photo of each team member (professional-casual) • Description of each team member; think here in terms of what an angel investor would want to know about each team member • Contact information for each team member • Point of contact information for the team PRODUCT DESCRIPTION (max 4 pages) Ambro • Limit this to no more than 4 pages • Don’t fill pages… if you need only 2.5 pages, then stop there • Use sub-headings if necessary to highlight major features • No more than 1 image (screen capture of your app) per page • Identify and describe the major feature set of your app • Be careful not to drive down into the details (e.g., the ability to change background screen image,......

Words: 854 - Pages: 4

Premium Essay

Executive Summary

...An executive summary summarizes, or reviews the main points of, a longer document or report for a reader that does not have time to read the entire report. An effective executive summary analyzes and summarizes the most important points in the paper or report, and will often make a recommendation based on the analysis. Executive summaries are “stand alone” documents that are almost always read independently of the reports they summarize. When preparing to write an executive summary, ask yourself the following questions: * Who will read your executive summary? Sometimes your executive summary may have an “intended” audience: your professor might require you to write it for a CEO, department head, or supervisor, for example. On other assignments, your audience won’t have a specific identity, but always keep in mind that the reader of an executive summary needs to know all of the important information in the main document without reading the actual document. Even if you know that your instructor will be reading everything that you submit, write the executive summary as a “stand alone” document. * What is the main document’s main topic, theme, or idea? Most reports have a “thesis” or central point that they are seeking to communicate. Try to sum this up in two or three sentences. If you are having trouble with this, imagine that someone has asked you, “what’s this report about?” and that you have to explain it in only a few sentences. Once you’re able to say what the......

Words: 2824 - Pages: 12

Free Essay

Capstone

...ITT TECHNICAL INSTITUTE EN3220 Written Analysis Onsite Course GRADED ASSIGNMENTS Table of Contents Graded Assignments 4 Unit 1 Journal 1: Personal Narrative 4 Unit 1 Journal 1: Personal Narrative Handout 6 Unit 1 Journal 2: Civic Narrative 9 Unit 1 Journal 2: Civic Narrative Handout 11 Unit 1 Assignment 1: What Would You Do? 12 Unit 2 Journal 1: Personal Narrative 13 Unit 2 Journal 1: Personal Narrative Handout 15 Unit 2 Journal 2: Civic Narrative 19 Unit 2 Journal 2: Civic Narrative Handout 20 Unit 2 Journal 3: Article Response 22 Unit 2 Assignment 1: What Would You Do? 23 Unit 2 Assignment 2: Declaration of Independence and Public Safety 25 Unit 3 Journal 1: Car Commercials 26 Unit 3 Journal 2: Personal Narrative 27 Unit 3 Journal 2: Personal Narrative Handout 28 Unit 3 Journal 3: Civic Narrative 31 Unit 3 Journal 3: Civic Narrative Handout 32 Unit 3 Journal 4: Taste vs. Judgment 34 Unit 3 Presentation 1: What Would You Do? 35 Unit 3 Assignment 1: Habits That Hinder Thinking 36 Unit 4 Journal 1: Invention Exercise 37 Unit 4 Journal 1: SWOT Analysis Template 38 Unit 4 Journal 2: Personal Narrative 39 Unit 4 Journal 2: Personal Narrative Handout 41 Unit 4 Journal 3: Civic Narrative 43 Unit 4 Journal 3: Civic Narrative Handout 44 Unit 4 Assignment 1: What Would You Do? 46 Unit 4 Assignment 2: Invention White Paper 47 Unit 5 Journal 1: Personal Narrative 48 Unit 5 Journal 1: Personal Narrative......

Words: 30149 - Pages: 121

Premium Essay

Happy

...Business Planning I. Introduction A business plan is a formal document indicating a set of company goals, the plan for achieving those set goals and a description why the management believe that those goals are attainable and etc. Its primary value is to evaluate the viability of the potential projects and to analyze the business prospects. It may also contain background information about the company such as mission, vision and how suitable and feasible the project is, to the company. Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. A business plan will be useful to a company in many ways. Firstly it will clearly identify and focus the company objectives using suitable information and analysis. Also it can be used as a selling tool when dealing with lenders, investors and banks. A business plan is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road. The time you spend making your business plan thorough and accurate, and keeping it up-to-date, is an investment that pays big dividends in the long term. Business planning is very significant because it is the first step toward success in your business venture. From obtaining funding to hiring employees to planning for expansion, a business plan can be your guide to keeping your business on track. Your business plan can keep you focused on your goals and keep you moving forward. ...

Words: 1148 - Pages: 5

Premium Essay

Business Case

...Business Case Research Paper IST 7020 Analysis, Modeling and Design Wilmington University Business Case Research Paper Business Case A business case is a document which is used to help in starting a task or a project.  It can be in any format of text, presentation or a discussion. A basic justification to implement the given task can also be called as a Business Case. Typically, a Business Case would be documented for future reference or sometimes stated orally for better understanding. It usually depends on the business ideology and its practical implementation(TechTarget, n.d.). Before thinking of building a business case, an individual should understand thoroughly the core of the project. It may take huge efforts in achieving this goal but a rough estimate of the same would be beneficiary(TechTarget, n.d.). Example: If the manager of a sunglasses store notices that the business is very slow in the winter, he can tell the owner by preparing a business case for store renovation in winter with winter stuff along with the sunglasses. It might create some good business(TechTarget, n.d.). Method in developing business case: * Complete Overview and Thorough Analysis: While submitting a business case, the analysis done should be covered all around in order to achieve a better result of the Project and a feasible Solution to overcome the same(TechTarget, n.d.). * Validating if the business case built is actually stating the exact problem and thereby......

Words: 1562 - Pages: 7

Premium Essay

Term Paper

...Business Plan Rice Dealer e a sole proprietorship owned by John Paul B. Rabuya. The store is a start-up as the owner will rent a place. Upon paying the rental fee we will set-up a rice dealer store. It will be a standard rice dealer that offers wholesale and retail. The primary focus of our store is to supply the basic need of people. The focus of this business plan is to put forth objectives to launch operations, work efficiently and effectively, and expand internal operations giving the store the opportunity to grow with sales growth in the surrounding community. Molino Rice Dealer is ready to the next step. [pic] 1. Objectives Molino Rice Dealer has the following objectives, 1. Give our customers quality rice and service at a fair competitive price. 2. Create a safe environment that a rice dealer must attain. 3. To provide jobs within the community. 4. To successfully manage Rice Dealer Store. 2. Mission The mission of Molino Rice Dealer is to offer quality rice in a customer friendly environment. Our customers will get assistance quickly and will leave the store satisfied. The Store will focus on anticipating the basic needs of people living in the community and providing the best quality rice at a competitive prices. 3. Vision To be a famous rice dealer that offers quality rice and service. 4. Keys to Success The keys to success for Molino Rice Dealer are: 1. Location: We are currently renting to a commercial building near...

Words: 500 - Pages: 2

Free Essay

Business Plan

...20 Reasons Why You Need a Business Plan Written by Pete Kennedy Categories: * Business Planning 1. To prove that you’re serious about your business. A formal business plan is necessary to show all interested parties -- employees, investors, partners and yourself -- that you are committed to building the business. 2. To establish business milestones. The business plan should clearly lay out the long-term milestones that are most important to the success of your business. To paraphrase Guy Kawasaki, a milestone is something significant enough to come home and tell your spouse about (without boring him or her to death). Would you tell your spouse that you tweaked the company brochure? Probably not. But you'd certainly share the news that you launched your new website or reached $1M in annual revenues. 3. To better understand your competition. Creating the business plan forces you to analyze the competition. All companies have competition in the form of either direct or indirect competitors, and it is critical to understand your company's competitive advantages. 4. To better understand your customer. Why do they buy when they buy? Why don’t they when they don't? An in-depth customer analysis is essential to an effective business plan and to a successful business. 5. To enunciate previously unstated assumptions. The process of actually writing the business plan helps to bring previously "hidden" assumptions to the foreground. By writing them down and......

Words: 925 - Pages: 4

Premium Essay

Business Plan

...Business Plan Background Jane and John had a good idea, a good sense of their market, and a good location. They were great salespeople, and yet they were not making a profit. The reason was that they did not plan their business all the way through. When you are serious about your business or when a lot of money of your own or someone else's is at stake, creating a business plan is perhaps the most critical activity you can undertake. The plan is important, but what is even more important is the understanding you get from the planning process. The following pages will help you understand the thinking behind business plans and how to make and present your own. A business plan is a document designed to detail the major characteristics of a firm--its product or service, its industry, its market, its manner of operating (production, marketing, management), and its financial outcomes with an emphasis on the firm's present and future. There are two circumstances under which creating a business plan is absolutely necessary. One is when outsiders expect it. This is called external legitimacy. Creating a business plan is the acknowledged best way to build external legitimacy for your firm. When you are seeking outside support--whether financial or expert--you do a business plan to signal your professionalism and how serious you are about the business. Investors, whether they are venture capitalists, informal investors (called angels), bankers, or your two great aunts, are going to......

Words: 10997 - Pages: 44

Premium Essay

Important of Creating a Business Plan

...Creating a Business Plan By Kannitha, BBU student, Aug 2013 Table of Contents Table of Contents 2 Executive Summary 3 1. Introduction 4 2. Findings 4 2.1 Business plan definition 4 2.2 The important of business plan 5 2.3 Business plan writing technique 7 2.4 Major aspects of the business plan 7 2.4.1 Introduction Page 8 2.2.2 Executive Summary 8 2.4.3 Business Description 9 2.4.4 Products and Services 10 2.4.5 Marketing Plan 11 2.4.6 Competition 13 2.4.7 The Management Plan 13 2.4.8 The Financial Management Plan 14 2.4.9 Risk Assessment 15 2.5 Readers of the business plan 15 2.6 Failure of business plan: 15 3. Lesson learnt 16 4. Conclusion 17 5. Recommendations 18 6. References 18 Executive Summary Business plan is considered as an important and it actually serves as a compass for the direction of business for the future. Having a plan will also help business people to achieve the things they want to achieve. A business plan is not just a document, but it is a holistic analysis of a company, the environment it operates in, and a road map to achieving success. Business planning is an essential element of running any successful business. Business plan formulation would need to consider on many aspects and ensure that business would be success. Those include introduction, executive summary, description of business, management and organization plan, marketing......

Words: 5983 - Pages: 24

Free Essay

Task Analysis

...characterize a job or task; * select learning outcomes that are appropriate for instructional development; * prioritize and sequence tasks; * determine instructional activities and strategies that foster learning; * select appropriate media and learning environments; * construct performance assessments and evaluation. Below is a goal analysis I developed to assist learners in understanding the business planning process for a beauty business. Goal: At the end of six weeks, learners will know the main components of a business plan and through the use of business planning software, will develop a business plan that will be used to measure comprehension and be used to obtain financing for starting a new beauty industry business. Objectives: * Understanding the purpose of business planning-Through discussion, lectures and research, learners will understand the main components of a business plan, the purpose of a business plan and why a regularly updated and professional looking plan can help ensure success throughout the life of their business....

Words: 833 - Pages: 4

Premium Essay

Assignment 1: Social Performance of Organizations

...Stephen Bartorillo BUS 315 October 23, 2015 The process of formation and implementation of a business is a difficult task, not its complexity but by the diligence of the processing to formalize this constitution. When you deciding to create a new company, we must take into account the following factors: The definition of the activity to develop the long-term and comprehensive planning, risk assessment, financial capacity, business viability and market research. All these aspects should pick in what is called “Business Plan”. The next step is choosing the legal form taking into account a number of key factors: the number of partners, the level of social capital and liability to third parties. Depending on the legal form chosen, we must carry out the procedures for the adoption of legal personality and related to the conduct of business. Finally, it is important to choose funding programs for my company, and the various forms of recruitment. * Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company’s product, an analysis of your staff, and your target clientele. The name of my company is "Final Solution Inc." this company will offer financial services to all types of customers, business, families or individual people. I create a document called "Business Plan", this document groups in a clear references and experience of the company, objective, technical description,......

Words: 854 - Pages: 4

Premium Essay

Ent 6016

...course is designed to help students develop effective written implementation plans for new business ventures. It deals with the critical decisions and actions that entrepreneurs must make in both planning and executing new ventures. Prerequisites: None. Corequisites: None. Other Requirements: Graduate Standing. Primary Learning Outcomes Global Goal. To identify and manage the activity sequences in executing plans for new ventures. Instructional Objectives. Primary learning outcomes are: • Ability to identify, schedule, and execute the activities needed to create a new business • Skill at assembling the human, material, financial, and other resources needed for venture initiation • Capacity to engage in experiential learning and adaptation throughout the venture initiation process • Competence in working well with others, such as peers, team members, and advisors Course Materials Required Materials: Barringer, B. (2009). Preparing effective business plans: An entrepreneurial approach. Upper Saddle River, NJ: Pearson Education. Subscription to the Wall Street Journal “PERT.” http://www.netmba.com/operations/project/pert/ Detailed instructions and learning aids, available on Blackboard. Grading Activity Points Team Activities: 500 Feasibility Analysis 50 Business Plan 50 Implementation Plan 50 Strategic Plan 50 Investor Business Plan 50 Investor Presentation 50 Individual......

Words: 2278 - Pages: 10

Premium Essay

Bplan

...Thanks for downloading this business plan template from Bplans.com This template is a simplified version of an outline created with Business Plan Pro, the best selling business planning software. A template is a good way to get started, but as you know, you can’t just type in your details, print it, and turn it in to the bank. Every business is unique, and every business plan should be, too. Business Plan Pro can help. With Business Plan Pro, you can easily create a custom business plan, with all the financial tables and graphs to go with it. You’ll also be able to: • View and edit over 500 complete sample business plans • Save time with linked financial tables (the formulas are built in, so you don’t have to do the calculations!) • Benefit from tons of help, advice, and resources • Present your plan with confidence, with automatic charts and graphs corresponding to your financial data Click here and claim your $20 credit for Business Plan Pro today! [pic] Cover Page INSTRUCTIONS: The Cover Page should include the following: plan name, company name, company address, company phone and fax, an email address and possibly a revision number or copy number. Type your Cover Page text here. [pic] Legal Page Confidentiality Agreement The undersigned reader acknowledges that the information provided by Yumekco Little-Singletary in this business plan is confidential; therefore, reader agrees not to......

Words: 310 - Pages: 2

Premium Essay

Nigga

...Pull together an effective business plan | | If your business is all in your head, it's hard to convince lenders, investors and shareholders that you have a credible company and that you'll use their funding well. And that's precisely where a business plan comes in. This highly recognized management tool is basically a written document that describes who you are, what you plan to achieve, how you plan to overcome the risks involved and provide the returns anticipated. Often people think of business plans are limited to starting up new companies or applying for business loans. However, they are also essential to running a business with a clear, well-documented plan. Make it thorough but keep it simple Many entrepreneurs may see putting a business plan together as a daunting task involving hundreds of pages. However, in reality, it should be a concise and structured document that gives readers everything they need to assess your company's project. There's no one guaranteed formula for writing an effective business plan. However, in general you have to show that you're committed to your venture and that you have the expertise, skills and self-confidence necessary to make it all happen. Here's the core content that you should consider. Your business proposal. Include a description of exactly what you're proposing. Ask yourself: who your customer is, what business are you in exactly, what do you sell, and what are your plans for growth? Your unique selling point. Address how......

Words: 3320 - Pages: 14

Free Essay

Business Plan

...20 Reasons Why You Need a Business Plan Categories: * Business Planning 1. To prove that you’re serious about your business. A formal business plan is necessary to show all interested parties -- employees, investors, partners and yourself -- that you are committed to building the business. 2. To establish business milestones. The business plan should clearly lay out the long-term milestones that are most important to the success of your business. To paraphrase Guy Kawasaki, a milestone is something significant enough to come home and tell your spouse about (without boring him or her to death). Would you tell your spouse that you tweaked the company brochure? Probably not. But you'd certainly share the news that you launched your new website or reached $1M in annual revenues. 3. To better understand your competition. Creating the business plan forces you to analyze the competition. All companies have competition in the form of either direct or indirect competitors, and it is critical to understand your company's competitive advantages. 4. To better understand your customer. Why do they buy when they buy? Why don’t they when they don't? An in-depth customer analysis is essential to an effective business plan and to a successful business. 5. To enunciate previously unstated assumptions. The process of actually writing the business plan helps to bring previously "hidden" assumptions to the foreground. By writing them down and assessing them, you can test them......

Words: 921 - Pages: 4