Reference no: EM132395631
Assignment Task
Prepare a Business Plan for the "CARV-TECH" Compnay and also follow the given outline.
CARV-TECH will provide computer repair, maintenance, software installation and upgrade, networking, IT support services, technology solutions, data security, CCTV, mobile device support, and customer advising on computer-related issues.
Business Plan Outline
There are the following points that must be include in the business plan:
BUSINESS NAME
DESCRIPTION OF BUSINESS
FORM OF BUSINESS OWNERSHIP
IDEAL CUSTOMER
OUR ADVANTAGES
ETHICAL ISSUES
SOCIAL RESPONSIBILITY
GLOBAL ISSUES
MISSION STATEMENT
BUSINESS GOALS
SWOT ANALYSIS
MANAGEMENT
ORGANIZATION CHART
RAW MATERIALS AND SUPPLIES
QUALITY ASSURANCE
CORPORATE CULTURE
LEADERSHIP PHILOSOPHY
JOB SPECIFICATIONS
TRAINING EMPLOYEES
COMPENSATION
INCENTIVES
TARGET MARKET
Describe your target market in terms of age, education level, income, and other demographic variables.
PRODUCT FEATURES AND BENEFITS
Describe the features and benefits of your product or service.
PRODUCT DIFFERENTIATION
How will you make your product stand out in the crowd?
PRICING
What pricing strategy will you choose for your product, and what are the reasons for this strategy?
PLACE (DISTRIBUTION) ISSUES
Where will customers find your product or service? (That is, what issues of the distribution mix should you consider?)
ADVERTISING
How will you advertise to your target market? Why have you chosen these forms of advertisement?
PROMOTIONS
What other methods of promotion will you use, and why?
IT RESOURCES
What kind of IT resources will your business require?
CUSTOMER SERVICES
How will you use information technology to keep track of your customers and potential customers?
COST OF DOING BUSINESS
What are the costs of doing business? Equipment, supplies, salaries, rent, utilities, and insurance are just some of these expenses. Estimate what it will cost to do business for one year.
EXPECTED REVENUE
How much will you charge for your product? How many products do you believe that you can sell in one year (or how many customers do you think your business can attract)?
Multiply the price that you will charge by the number of products that you hope to sell or the amount you hope each customer will spend. This will give you an estimate of your revenues for one year.
INCOME STATEMENT AND BALANCE SHEET
Create a balance sheet and an income statement (profit-and-loss statement) for your business.
STARTUP COSTS
How much money will you need to get your business started?
FINANCING
How will you finance your business? For example, will you seek out a bank loan? Borrow from friends? Sell stocks or bonds initially or as your business grows?
EXECUTIVE SUMMARY
Now, create an executive summary for your business plan. The executive summary should be brief—no more than two pages long.