Reference no: EM132885838

Business Plan

Part One :

Evaluate the different types of business plans you learned about in the article The Different Types of Business Plans and identify the business plan that best fits your business.

Create an outline of a business plan for your approved topic. You may use headings and bullet points to do this.

Approved Topic :

My business idea is based on the beauty industry and its market. The main business will be reselling new and lightly used cosmetics. This business is intended to be very successful in the market due to the increase in demand for beauty products among residents in the town. More so, most of the residents who live in town are women who work in most of the town's offices. Furthermore, students who study in colleges and universities within town require cosmetics to maintain their cleanliness in schools. This paper aims at discussing the business idea as a step towards starting a small business that will later grow to a big business in town.

Part two :

Describe your primary target market in terms of demographics, income or revenue, household or business size, region, employment, and any other features of your target market relevant to your product or service. Discuss three reasons for your selection.

Describe your secondary target market in terms of demographics, income or revenue, household or business size, region, employment, and any other features of your target market relevant to your product or service. Discuss three reasons for your selection.

Explain the ways these markets are underserved and the ways your business would be positioned or qualified to address the opportunities in this market.