Write a Business plan and outline for a pseudo smoothie company
Write a Business plan for a smoothie company “Mary’s Smoothie Shop” in wynwood Miami, florida. Answer each question and complete the outline and powerpoint *APA Format and powerpointCreate your business proposal.
Prepare and plan your Business Proposal Presentation
Preparing to become an entrepreneur and running your own agency will take commitment and focus. First-time business owners often don’t understand that good planning is critical to making things happen and getting things done. In business, planning is often overlooked. In looking more closely at becoming a Business Owner/Entrepreneur, think about these topics and how you would address them in running your own business.
•How do you want to be perceived by your customers?
•How do you want your staff to treat your customers?
•What should your office facility look like to your customers?
•What will distinguish the level of service you provide to your customers?
•How should your office systems and procedures function?
•How will you build the Business brand?
Begin by researching the local market area where you are thinking of pursuing a business opportunity. The research does not need to be included in full, in your proposal. Include select facts and figures if they support specific sections of the proposal. Clearly outline how this market research affects the Business. Relevant data may include some of the following:
Population growth rates
Local business environment
Evaluate Internal/External Market Opportunities.
What customer segments or needs present opportunities?
Competitive Review – Who are the toughest competitors? Why?
Do you provide better value than competitors? Which ones? Why? How?
How accessible are you to customers?
Are you staffed adequately? Are you considering adding staff?
Is your office environment customer friendly?
What skills and competencies do you and staff possess?
What skills and competencies need further development?
Who do you consider role models to help you improve your Business?
What knowledge does your staff need to do a better job?
What marketplace trends will you address in your plan?
How will you maximize the return on your marketing investment?
What customer segments will you pursue for which products?
Do you have plans to improve the marketing atmosphere of your office?
What is your staffing goal?
Do you have systems to ensure proper customer service, claim handing, and marketing?
What skills/abilities of yours and your staff need to be developed to meet your goals?
What are your personal financial goals?
What drives your happiness?
How to accomplish a work/life balance?
Estimate the fixed and variable costs running in your Business to determine the amount to be invested
- Legal documents and licenses needed to run your business
- Based on your geographical location, be prepared that the presentation may set up virtually and plan accordingly
The entire Business Proposal Presentation session should take about 10-20 minutes. Plan to spend 10-15 minutes presenting the business proposal and 3-5 minutes answering questions about it. Separate presentation materials are not needed for the BPP. The written business proposal will suffice. The presentation should conform to the general structure presented below
1. Local Market Context
2. Proposed Business Structure
3. Sales and Marketing Strategy
4. Production Goals
Local Market Context (approximately 5 minutes)
1. Local Market Context (approximately 5 minutes)
a. What resources did you consult to complete your market research?
b. What opportunities and threats emerged from your market research?
c. How will this market research affect your agency?
Proposed Business Structure (approximately 5 minutes)
2. Proposed Business Structure (approximately 5 minutes)
a. Capital Investment
i. How much capital do you anticipated investing in the first 6 to 24 months?
ii. How much debt do you anticipate incurring over the first 24 months?
b. Team Development
i. How do you plan to structure, hire, and develop your team?
ii. What skill sets and experiences will you look for in team members?
c. Operating Budget
i. What is your operating budget for the first five years (including start up)?
Sales and Marketing Strategy (approximately 5 minutes)
3. Sales and Marketing Strategy (approximately 5 minutes)
a. How do you plan to tailor your sales and marketing strategies to meet the needs of the market?
b. What are some specific examples of sales and marketing tactics that you would employ?
c. How would you market specific Products/Services?
Production Goals (approximately 5 minutes)
4. Production Goals (approximately 5 minutes)
a. What are your production goals over the first two years?
b. How do your production goals relate to your local market research?
c. your team development plan, and sales and marketing strategy?
d. How will you ensure your production goals stay on track? What will you
do if your production results are below goal set forth?
Compensation (approximately 5 minutes)
5. Compensation (approximately 5 minutes)
a. When do you anticipate reaching your break-even point?
The business proposal presentation will be evaluated on the technical performance dimensions listed below as well as on non-technical dimensions, such as your communication and interpersonal skills.
Demonstrates understanding of the industry, the competitive position, customer demographics, and buying habits of target customers. Develops a marketing plan.
Identifies goals for the business and team members, develops business plan to attain goals and monitors progress toward those goals.
Demonstrates knowledge of business management and financial principles
Executes the marketing activities needed to carry out the strategic plan. Uses effective tools, channels, and tactics to deliver the message to target customers.
Business Proposal Presentation Leading Practices
Here are some tips for preparing for the BPP presentation:
Wear business-appropriate attire
Incorporate your personal and professional experiences into the presentation
Be prepared but do not over rehearse the presentation
Your business proposal contains the what of your business plan, your presentation should explain why
Anticipate the types of questions Investors might ask
Here are some tips for the BPP presentation:
Don’t read directly off your notes
Display confidence in your business plan
At the end of each of the five sections above, pause to allow for questions
Do not get flustered by questions – treat the question and answer period like a discussion