How many do we need to sell at our price to break even

Assignment Help Business Management

Reference no: EM133588601

Assignment: Shark

A good business plan guides you through each stage of starting and managing your business.

You'll use your business plan like a GPS for how to structure, run, and grow your new business. It's a way to think through and detail all the key elements of how your business will run. Please review the attached business plan to organize your company's information.

Shark Tank Example 1
Shark Tank Example 2 view the example but at this assignment only

Fill just the outline:

Student Business Plan Template - Outline

A. Introductory Elements

1. Make a Title Page

B. Description of Business and Product

1. Describe your business and the product you plan to sell

C. Evaluation of Market Opportunity

1. What are the Market Trends of your product? (if applicable) (What do your customers like to buy?)
2. Who are your Customers?
3. Who is your Competition?
4. Why is your product going to be different? (Why will people buy from you?)

D. Description of Development and Production

1 How are you going to get your product to customers?
2. Logistics (where will your product be sold?)

E. Sales and Marketing Strategy

1. Product - Why is this product needed? (list 3-5 features and benefits)
2. Price - How much will be charged and why?
3. Promotion - How will this product be marketed to the target audience? (social media/TV/radio)
4. Place - Where will product be sold? (locally/across the U.S./globally)

F. Management and Operations Plan

1. Team Member Bios / Skills

G. Financials

1. Economics of one Unit (How much does it cost us for one item?)

2. Fixed and Variable Costs (what other costs are there?)

3 Break Even Analysis (how many do we need to sell at our price to break even?)

4. Start Up Costs (How much money will we need to start our business?)

H. Optional Appendices

1. Timeline for Business
2. Sample ads; product drawings; prototypes

Reference no: EM133588601

Questions Cloud

How could store reduce the risk by strengthening loyalty : Identify two ways grocery store's relationship with behaviorally loyal customers at risk. How could store reduce this risk by strengthening attitudinal loyalty?

Describe how they work together in the example : Identify and describe three real situations from your environment or experience (please identify MOs and SDs in each of your examples).

Additional element of witness competency is oath : An additional element of witness competency is oath or affirmation. Why is the making of an oath or affirmation considered so important?

How do these symptoms impact him in the classroom : What resources and support systems can Mrs. Thompson tap into within the school community to assist Alex and his family in securing regular meals?

How many do we need to sell at our price to break even : How much does it cost us for one item? How many do we need to sell at our price to break even? How much money will we need to start our business?

Describe your business and the product you plan to sell : This portion of the Shark Tank presentation will focus on the introduction and product overview. Describe your business and the product you plan to sell.

Why is your product going to be different : Why is your product going to be different? How are you going to get your product to customers? How much will be charged and why?

Consider the different types of parenting styles : Consider the different types of parenting styles. Which style appealed the most to you? Do you think parents use only one style of parenting

What are some potential disadvantages of this adoption : What are some potential disadvantages of this adoption? What are other sports can you name that have similar use of technology?

User Account

All Pages