Marketing plan and financial plan for your new product

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Reference no: EM131668197

For this project, you will complete a summary of the marketing plan and financial plan for your new product/service.

Submit a 500-1000 word document that includes:

1) An expansion on the brief description you provided in Module 1 with a detailed description of the product or service for your business;

2) The price you will charge for your product/service and an explanation of how you decided on the price, and how it compares with your competitors; and

3) Explanation of your plans for communicating and promoting your new product/service.

The investment group was intrigued by your idea, but they want to see more financial detail. In this module, you will complete a summary of the financial plan for your project. For this assignment, you'll use a spreadsheet to outline what the financials might look like for your business.

This spreadsheet provides a helpful template to complete the assignment, including:

1) A list of your projected monthly income based on sales and monthly expenses to produce your new product/service;

2) The financial projections for your business for the first year which includes a cash flow statement, balance sheet, and a breakeven analysis;

3) Make sure to explain (either in a separate document or on the spreadsheet) how you arrived at your projections.

Product chosendetails -Introducing the SiblingShip Journal, for the siblings by the siblings. A new line of journals you’ll actually want to journal. The SiblingShip Journal comes loaded with pages of ideas and adventures for you and your sibling to embark on, tasks to complete, and new ideas for those rainy and boring days.

Rest all details you can choose yourself.

you can choose all the financial details by yourself including the estimates of cost expected to be incurred by the company, cost and price quotes of peer group competitors.

Reference no: EM131668197

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