Some Thoughts on Business Plans
Evaluation of Alternatives
I do not remember if it was during the last three years or six years ago when I drafted this document. At the time, I was a junior consultant in a global tech firm, with the objective of helping some of our clients in developing business plans. The draft was a collaborative effort, wherein I shared my initial thoughts, ideas, and recommendations with my colleagues who also had their expert opinions and suggestions. I believe that our work had a significant impact on the clients’ success and bottom-line growth. Apart from that, I have
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As a professional writer with years of experience in writing, editing, proofreading, and research, I believe a well-written business plan is critical to any successful business venture. A well-written business plan not only reflects your commitment to achieving your objectives but also demonstrates to potential investors, lenders, and stakeholders a deep understanding of your business. Business plans are the document that starts the discussion, the first line in a conversation with investors, lenders, and stakeholders. Every document starts with an , and
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– Porter’s Five Forces Analysis – Porter’s Five Forces is a popular technique used to assess a company’s competitive position in the market. Five forces are: (1) Threat of New Entrants; (2) Bargaining Power of Buyers; (3) Bargaining Power of Suppliers; (4) Threat of Substitute Products; and (5) Competitive Rivalry. I analyzed the competitive landscape of my company by looking at the Porter’s Five Forces Analysis, and
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Several years ago I wrote a case study, “The Successful Launch of the XYZ Company in the 2014 Holiday Season,” in the form of a 20-page research paper. The study was completed for a prestigious business school (BSBA, MBA) as part of an MBA-level business writing class in their MBA marketing track. Here is how the paper looked: The case study starts with a comprehensive literature review covering a broad range of current business models, the history of the
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Business plans have always been a hot topic for discussion, and it seems like nobody can agree on what they are and aren’t for. see page There are various theories that explain why business plans have such a complex and confusing relationship with actual results in the real world. Some people insist that business plans are just a way of showing what the company would look like if they were made to come to life. They say that once a business has its own legal structure and management team, business plans become irrelevant, as they’re only exercises in imagination. While others
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The text, I wrote for one of my clients, provides a thorough and in-depth explanation of the value of VRIO in a typical business plan. VRIO is an abbreviation for value, relevance, innovation, and cost. In VRIO terms, our business plan shows how we will add value and generate revenue, thereby fulfilling our customers’ needs, reducing costs, and growing. To support the value argument, we can provide data, statistics, and figures that support our claims. For instance, here are some interesting numbers that relate to
Marketing Plan
When starting a business, I was always hesitant to present a formal marketing plan. I know my company had a niche product or service that would be unique, and it was easy to sell. hop over to these guys But when I thought about marketing my idea, the idea seemed daunting to me. My fear of failing kept me from presenting an effective marketing plan. But, when I decided to apply for a grant to launch my business, I knew I needed to present a strong and coherent plan. That’s when I learned about a marketing plan
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1. Topic: Some Thoughts on Business Plans Section: Case Study Analysis – I began my career in writing in 1980 and over time I have written hundreds of thousands of words on business plans, from initial concept to completion. Some Thoughts on Business Plans is one such writing. – I remember the day I first sat down to write a business plan for a new startup. I’d been reading books about business, attending seminars, and chatting with business consultants. I had read about the best practices for