Reference no: EM132922695

The Stress Gum company in your field of interest. Describe the businessincluding the mission statement, the products and services the company will offer, and who you consider to be the company's competition. How will you establish your company so that it stands out from the competition? How will you establish this business to accommodate a global business environment? What talents will you be looking for when you hire employees? What technologies will be imperative to maintaining your business? What will you charge for your products and/or services that you offer?

First, conduct a SWOT analysis on the competition, in your target market and to develop promotional strategies. A SWOT looks at the internal strengths and weaknesses of the company, as well as the external opportunities and threats of the company's industry or market conditions, including the company's competition. Second, discuss how you will promote your business (how will you let the consumer or client know you exist using advertising and promotions)? What do you project your sales to be in the first year of doing business?
also has two parts.

Discuss the legal structure of your company (is it a sole proprietorship, a corporation, a LLC, etc.) and why.

Imagine that the bank approved you for a $2,000,000 loan to start your business. Using a MS Word table or MS Excel spreadsheet, budget sheet to show how you would use this money. Remember you must think about where your business will be housed, as well as other expenses (owned or rented property, utilities, equipment needs, inventory, supplies, overhead and employees).

Thinking about a typical income statement and balance sheet can help guide you to identify items you will need to cover in your budget.