Importance of business planning

Planning plays a very important role in the success of any category of business. Business planning is all about preparing a plan to attain the major goals of the business. Goals of the business should be already decided before going to the planning phase, for example when having a print supply chain. If you need dmezzadri , then the team of professionals from dmezzadri is here to help you.

The functioning and growth of your business will mainly depend on your business planning. Majority of the people in business have a good knowledge on how to maintain the costs in accordance with the sales and overall profit, what are the needs for sales and what is needed for the growth of the business. Recent global recession had brought many businesses very weak and they are struggling hard to bring their business back to normal stage. Most of the common people are afraid with the term business due to the high risk factor associated with it. But there are many methods available today to regenerate and regain back the strength of the businesses which faced many risks. So how these are all possible? Business planning is the only method to bring your business back to normal stage and lead them to success.

The business plan once made should be shared with the others who will join in your business. This will help them to get a clear picture on the goals of the company and will understand their role in executing the plan. These business plans also helps to evaluate your business ideas. Research is very much required to build a good plan for your business. During the planning phase, you will undergo a study about your competitors companies which will allow you to come up with new strategies on how to compete with them. The plan also includes the cost that will be involved for the business to run successfully. The plan will also include a method to outsource printing or to raise funds when the business runs in short of money.

Many sample business plans are available through various business planning portals. For creating a business plans you will get wide variety of helps from online through green printing e-books and many softwares are also available which can help you to build an appropriate plan for your business.

133 thoughts on “Importance of business planning

  1. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  2. Business in a box VS Business Plan Pro [Entreprenuer].

    Thank you, I am planning an online business and doesn’t really matter with the legality. I need something that is professional and that can help me move forward and create a good business plan.

    Thank you.

  3. I appriciate your help in advance, I have not been to school in over 20 years
    I am a little stressed with creating a business plan for my business I am hoping to initiate. Hoping for a clear concise explainations and correct use of grammar.

    PRODUCT/SERVICE

    Purpose of the product/service

    Baker’s Seasoned Drapes provide full consultation services offering custom crafted soft window drapery products such creations as; draperies, valances, bedding, pillows, hardware etc. . . .

    The Company’s revenue stream will come from the direct sourcing, purchases from custom crafted units on behalf of clients. Since the service is to produce a higher end specialty segment, the two most important aspects of production are quality and scheduling. The companies projected customers will have buying power as they represent the reputation of the businesses final product produced. Therefore if the company does not produce the necessary items with the required specifications when needed, the loss of future revenue from a client can be significant.

    Unique features

    Baker’s Seasoned Drapes is in the business of providing clients with an outstanding level of service that they can call upon for support regarding window decorating of homes, offices, and apartments. Our line of custom products is made in an assortment of textiles to fit any area in the home to any specification in array of hundreds of fabric choices. At the onset of operations, Management intends to integrate a number of new technologies that allow users to take virtual tours of homes with decorated windows that they can have installed in their homes. This will not only allow the business to operate more cost effectively, but will also provide a strong marketing image for the Company.

    Stage of development

    The company is at the very beginning of development. Investigating availability of grants, resources and establishing relationships with vendors and contractors to acquire an adequate estimate for startup.

    The goal is to have the business operational by September 2012.

    Future research and development

    Patent research and application may be established in the future depending on result of investigation. Eventually Mrs. Baker wants to expand Baker’s Seasoned Drapes into LLC with a store front also marketing ready-made items to serve more segments of the community.

    Trademarks, patents, copyrights, licenses, royalties

    Baker’s Seasoned Drapes have a possible patent to be established in the future for current intellectual property.

    Governmental approvals

    The business is not far enough along in its stage to initiate this section but intends to comply with all government requirements and regulations.

    Product/service limitations

    All products will be delivered and installed with warrant to craftsmanship.

    Product/service liability

    Since quality is of the utmost importance next to service, I will ensure customer satisfaction with every order. If fabric was flawed, or custom product was made incorrectly, this will be shipped back to fabricator for repair or a local seamstress will be used to correct the issue in a more expedited manner. These decisions will be made at owner’s discretion.

    The customer will be held liable for the color, fabric and style chosen which will be held accountable on the contract.

    The business will be insured with general liability insurance up to $10,000.

    Related products/services and spin-offs

    The company will provide free in home consultations for the first 30 days of business. We plan on marketing the free consultations prior to opening to create a wave of anticipation and to get schedule appointments. The structure after 30 days will require a small trip charge of $10 in order to recoup costs of time & gas. The trip charge will be waived if a sale takes place. New inventive intellectual property is not available to discuss yet.

    Production

    The marketing, decorator consultation, sales, hardware, fabric, customer service will be produced internally. Fabrication and Installation will be subcontracted.

    Facilities

    This is a home-based business. The business will be utilizing a 300 square foot space with in owner’s home which provides adequate space for operations.

    Payless receiving Storage will be a primary place of receiving, shipping and storing supplies, products and orders ready for installation.

    Suppliers

    Baker’s Seasoned Drapes is in the process of investigation with a goal to build a network of suppliers and subcontractors.

    Environmental factors

    Baker’s Seasoned Drapes will offer all customers with the benefit to reduce energy consumption within their homes or offices by producing all draperies with insulated lining available on all drapery with various insulating levels. The owner will also initiate a recycle plan to all inner employees for all office & shipped supplies like paper, plastic and packing
    I know this is a whopper so any advice or quick review would be appreciated immensley, I have to turn this in today .

  4. For the summer my friend and I want to start our own business planning birthday parties for pre-teens, younger teens and young kids. We’re 16 years old and we thought it would be a good idea because it was different and many parents who try and plan their childs party dont even know what their kid likes. I want to know how should I get started and how much I should charge? Any tips here would help.

  5. I appriciate your help in advance, I have not been to school in over 20 years
    I am a little stressed with creating a business plan for my business I am hoping to initiate. Hoping for a clear concise explainations and correct use of grammar.

    PRODUCT/SERVICE

    Purpose of the product/service

    Baker’s Seasoned Drapes provide full consultation services offering custom crafted soft window drapery products such creations as; draperies, valances, bedding, pillows, hardware etc. . . .

    The Company’s revenue stream will come from the direct sourcing, purchases from custom crafted units on behalf of clients. Since the service is to produce a higher end specialty segment, the two most important aspects of production are quality and scheduling. The companies projected customers will have buying power as they represent the reputation of the businesses final product produced. Therefore if the company does not produce the necessary items with the required specifications when needed, the loss of future revenue from a client can be significant.

    Unique features

    Baker’s Seasoned Drapes is in the business of providing clients with an outstanding level of service that they can call upon for support regarding window decorating of homes, offices, and apartments. Our line of custom products is made in an assortment of textiles to fit any area in the home to any specification in array of hundreds of fabric choices. At the onset of operations, Management intends to integrate a number of new technologies that allow users to take virtual tours of homes with decorated windows that they can have installed in their homes. This will not only allow the business to operate more cost effectively, but will also provide a strong marketing image for the Company.

    Stage of development

    The company is at the very beginning of development. Investigating availability of grants, resources and establishing relationships with vendors and contractors to acquire an adequate estimate for startup.

    The goal is to have the business operational by September 2012.

    Future research and development

    Patent research and application may be established in the future depending on result of investigation. Eventually Mrs. Baker wants to expand Baker’s Seasoned Drapes into LLC with a store front also marketing ready-made items to serve more segments of the community.

    Trademarks, patents, copyrights, licenses, royalties

    Baker’s Seasoned Drapes have a possible patent to be established in the future for current intellectual property.

    Governmental approvals

    The business is not far enough along in its stage to initiate this section but intends to comply with all government requirements and regulations.

    Product/service limitations

    All products will be delivered and installed with warrant to craftsmanship.

    Product/service liability

    Since quality is of the utmost importance next to service, I will ensure customer satisfaction with every order. If fabric was flawed, or custom product was made incorrectly, this will be shipped back to fabricator for repair or a local seamstress will be used to correct the issue in a more expedited manner. These decisions will be made at owner’s discretion.

    The customer will be held liable for the color, fabric and style chosen which will be held accountable on the contract.

    The business will be insured with general liability insurance up to $10,000.

    Related products/services and spin-offs

    The company will provide free in home consultations for the first 30 days of business. We plan on marketing the free consultations prior to opening to create a wave of anticipation and to get schedule appointments. The structure after 30 days will require a small trip charge of $10 in order to recoup costs of time & gas. The trip charge will be waived if a sale takes place. New inventive intellectual property is not available to discuss yet.

    Production

    The marketing, decorator consultation, sales, hardware, fabric, customer service will be produced internally. Fabrication and Installation will be subcontracted.

    Facilities

    This is a home-based business. The business will be utilizing a 300 square foot space with in owner’s home which provides adequate space for operations.

    Payless receiving Storage will be a primary place of receiving, shipping and storing supplies, products and orders ready for installation.

    Suppliers

    Baker’s Seasoned Drapes is in the process of investigation with a goal to build a network of suppliers and subcontractors.

    Environmental factors

    Baker’s Seasoned Drapes will offer all customers with the benefit to reduce energy consumption within their homes or offices by producing all draperies with insulated lining available on all drapery with various insulating levels. The owner will also initiate a recycle plan to all inner employees for all office & shipped supplies like paper, plastic and packing
    I know this is a whopper so any advice or quick review would be appreciated immensley, I have to turn this in today .

  6. I appriciate your help in advance, I have not been to school in over 20 years
    I am a little stressed with creating a business plan for my business I am hoping to initiate. Hoping for a clear concise explainations and correct use of grammar.

    PRODUCT/SERVICE

    Purpose of the product/service

    Baker’s Seasoned Drapes provide full consultation services offering custom crafted soft window drapery products such creations as; draperies, valances, bedding, pillows, hardware etc. . . .

    The Company’s revenue stream will come from the direct sourcing, purchases from custom crafted units on behalf of clients. Since the service is to produce a higher end specialty segment, the two most important aspects of production are quality and scheduling. The companies projected customers will have buying power as they represent the reputation of the businesses final product produced. Therefore if the company does not produce the necessary items with the required specifications when needed, the loss of future revenue from a client can be significant.

    Unique features

    Baker’s Seasoned Drapes is in the business of providing clients with an outstanding level of service that they can call upon for support regarding window decorating of homes, offices, and apartments. Our line of custom products is made in an assortment of textiles to fit any area in the home to any specification in array of hundreds of fabric choices. At the onset of operations, Management intends to integrate a number of new technologies that allow users to take virtual tours of homes with decorated windows that they can have installed in their homes. This will not only allow the business to operate more cost effectively, but will also provide a strong marketing image for the Company.

    Stage of development

    The company is at the very beginning of development. Investigating availability of grants, resources and establishing relationships with vendors and contractors to acquire an adequate estimate for startup.

    The goal is to have the business operational by September 2012.

    Future research and development

    Patent research and application may be established in the future depending on result of investigation. Eventually Mrs. Baker wants to expand Baker’s Seasoned Drapes into LLC with a store front also marketing ready-made items to serve more segments of the community.

    Trademarks, patents, copyrights, licenses, royalties

    Baker’s Seasoned Drapes have a possible patent to be established in the future for current intellectual property.

    Governmental approvals

    The business is not far enough along in its stage to initiate this section but intends to comply with all government requirements and regulations.

    Product/service limitations

    All products will be delivered and installed with warrant to craftsmanship.

    Product/service liability

    Since quality is of the utmost importance next to service, I will ensure customer satisfaction with every order. If fabric was flawed, or custom product was made incorrectly, this will be shipped back to fabricator for repair or a local seamstress will be used to correct the issue in a more expedited manner. These decisions will be made at owner’s discretion.

    The customer will be held liable for the color, fabric and style chosen which will be held accountable on the contract.

    The business will be insured with general liability insurance up to $10,000.

    Related products/services and spin-offs

    The company will provide free in home consultations for the first 30 days of business. We plan on marketing the free consultations prior to opening to create a wave of anticipation and to get schedule appointments. The structure after 30 days will require a small trip charge of $10 in order to recoup costs of time & gas. The trip charge will be waived if a sale takes place. New inventive intellectual property is not available to discuss yet.

    Production

    The marketing, decorator consultation, sales, hardware, fabric, customer service will be produced internally. Fabrication and Installation will be subcontracted.

    Facilities

    This is a home-based business. The business will be utilizing a 300 square foot space with in owner’s home which provides adequate space for operations.

    Payless receiving Storage will be a primary place of receiving, shipping and storing supplies, products and orders ready for installation.

    Suppliers

    Baker’s Seasoned Drapes is in the process of investigation with a goal to build a network of suppliers and subcontractors.

    Environmental factors

    Baker’s Seasoned Drapes will offer all customers with the benefit to reduce energy consumption within their homes or offices by producing all draperies with insulated lining available on all drapery with various insulating levels. The owner will also initiate a recycle plan to all inner employees for all office & shipped supplies like paper, plastic and packing
    I know this is a whopper so any advice or quick review would be appreciated immensley, I have to turn this in today .

  7. I appriciate your help in advance, I have not been to school in over 20 years
    I am a little stressed with creating a business plan for my business I am hoping to initiate. Hoping for a clear concise explainations and correct use of grammar.

    PRODUCT/SERVICE

    Purpose of the product/service

    Baker’s Seasoned Drapes provide full consultation services offering custom crafted soft window drapery products such creations as; draperies, valances, bedding, pillows, hardware etc. . . .

    The Company’s revenue stream will come from the direct sourcing, purchases from custom crafted units on behalf of clients. Since the service is to produce a higher end specialty segment, the two most important aspects of production are quality and scheduling. The companies projected customers will have buying power as they represent the reputation of the businesses final product produced. Therefore if the company does not produce the necessary items with the required specifications when needed, the loss of future revenue from a client can be significant.

    Unique features

    Baker’s Seasoned Drapes is in the business of providing clients with an outstanding level of service that they can call upon for support regarding window decorating of homes, offices, and apartments. Our line of custom products is made in an assortment of textiles to fit any area in the home to any specification in array of hundreds of fabric choices. At the onset of operations, Management intends to integrate a number of new technologies that allow users to take virtual tours of homes with decorated windows that they can have installed in their homes. This will not only allow the business to operate more cost effectively, but will also provide a strong marketing image for the Company.

    Stage of development

    The company is at the very beginning of development. Investigating availability of grants, resources and establishing relationships with vendors and contractors to acquire an adequate estimate for startup.

    The goal is to have the business operational by September 2012.

    Future research and development

    Patent research and application may be established in the future depending on result of investigation. Eventually Mrs. Baker wants to expand Baker’s Seasoned Drapes into LLC with a store front also marketing ready-made items to serve more segments of the community.

    Trademarks, patents, copyrights, licenses, royalties

    Baker’s Seasoned Drapes have a possible patent to be established in the future for current intellectual property.

    Governmental approvals

    The business is not far enough along in its stage to initiate this section but intends to comply with all government requirements and regulations.

    Product/service limitations

    All products will be delivered and installed with warrant to craftsmanship.

    Product/service liability

    Since quality is of the utmost importance next to service, I will ensure customer satisfaction with every order. If fabric was flawed, or custom product was made incorrectly, this will be shipped back to fabricator for repair or a local seamstress will be used to correct the issue in a more expedited manner. These decisions will be made at owner’s discretion.

    The customer will be held liable for the color, fabric and style chosen which will be held accountable on the contract.

    The business will be insured with general liability insurance up to $10,000.

    Related products/services and spin-offs

    The company will provide free in home consultations for the first 30 days of business. We plan on marketing the free consultations prior to opening to create a wave of anticipation and to get schedule appointments. The structure after 30 days will require a small trip charge of $10 in order to recoup costs of time & gas. The trip charge will be waived if a sale takes place. New inventive intellectual property is not available to discuss yet.

    Production

    The marketing, decorator consultation, sales, hardware, fabric, customer service will be produced internally. Fabrication and Installation will be subcontracted.

    Facilities

    This is a home-based business. The business will be utilizing a 300 square foot space with in owner’s home which provides adequate space for operations.

    Payless receiving Storage will be a primary place of receiving, shipping and storing supplies, products and orders ready for installation.

    Suppliers

    Baker’s Seasoned Drapes is in the process of investigation with a goal to build a network of suppliers and subcontractors.

    Environmental factors

    Baker’s Seasoned Drapes will offer all customers with the benefit to reduce energy consumption within their homes or offices by producing all draperies with insulated lining available on all drapery with various insulating levels. The owner will also initiate a recycle plan to all inner employees for all office & shipped supplies like paper, plastic and packing
    I know this is a whopper so any advice or quick review would be appreciated immensley, I have to turn this in today .

  8. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  9. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  10. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  11. I appriciate your help in advance, I have not been to school in over 20 years
    I am a little stressed with creating a business plan for my business I am hoping to initiate. Hoping for a clear concise explainations and correct use of grammar.

    PRODUCT/SERVICE

    Purpose of the product/service

    Baker’s Seasoned Drapes provide full consultation services offering custom crafted soft window drapery products such creations as; draperies, valances, bedding, pillows, hardware etc. . . .

    The Company’s revenue stream will come from the direct sourcing, purchases from custom crafted units on behalf of clients. Since the service is to produce a higher end specialty segment, the two most important aspects of production are quality and scheduling. The companies projected customers will have buying power as they represent the reputation of the businesses final product produced. Therefore if the company does not produce the necessary items with the required specifications when needed, the loss of future revenue from a client can be significant.

    Unique features

    Baker’s Seasoned Drapes is in the business of providing clients with an outstanding level of service that they can call upon for support regarding window decorating of homes, offices, and apartments. Our line of custom products is made in an assortment of textiles to fit any area in the home to any specification in array of hundreds of fabric choices. At the onset of operations, Management intends to integrate a number of new technologies that allow users to take virtual tours of homes with decorated windows that they can have installed in their homes. This will not only allow the business to operate more cost effectively, but will also provide a strong marketing image for the Company.

    Stage of development

    The company is at the very beginning of development. Investigating availability of grants, resources and establishing relationships with vendors and contractors to acquire an adequate estimate for startup.

    The goal is to have the business operational by September 2012.

    Future research and development

    Patent research and application may be established in the future depending on result of investigation. Eventually Mrs. Baker wants to expand Baker’s Seasoned Drapes into LLC with a store front also marketing ready-made items to serve more segments of the community.

    Trademarks, patents, copyrights, licenses, royalties

    Baker’s Seasoned Drapes have a possible patent to be established in the future for current intellectual property.

    Governmental approvals

    The business is not far enough along in its stage to initiate this section but intends to comply with all government requirements and regulations.

    Product/service limitations

    All products will be delivered and installed with warrant to craftsmanship.

    Product/service liability

    Since quality is of the utmost importance next to service, I will ensure customer satisfaction with every order. If fabric was flawed, or custom product was made incorrectly, this will be shipped back to fabricator for repair or a local seamstress will be used to correct the issue in a more expedited manner. These decisions will be made at owner’s discretion.

    The customer will be held liable for the color, fabric and style chosen which will be held accountable on the contract.

    The business will be insured with general liability insurance up to $10,000.

    Related products/services and spin-offs

    The company will provide free in home consultations for the first 30 days of business. We plan on marketing the free consultations prior to opening to create a wave of anticipation and to get schedule appointments. The structure after 30 days will require a small trip charge of $10 in order to recoup costs of time & gas. The trip charge will be waived if a sale takes place. New inventive intellectual property is not available to discuss yet.

    Production

    The marketing, decorator consultation, sales, hardware, fabric, customer service will be produced internally. Fabrication and Installation will be subcontracted.

    Facilities

    This is a home-based business. The business will be utilizing a 300 square foot space with in owner’s home which provides adequate space for operations.

    Payless receiving Storage will be a primary place of receiving, shipping and storing supplies, products and orders ready for installation.

    Suppliers

    Baker’s Seasoned Drapes is in the process of investigation with a goal to build a network of suppliers and subcontractors.

    Environmental factors

    Baker’s Seasoned Drapes will offer all customers with the benefit to reduce energy consumption within their homes or offices by producing all draperies with insulated lining available on all drapery with various insulating levels. The owner will also initiate a recycle plan to all inner employees for all office & shipped supplies like paper, plastic and packing
    I know this is a whopper so any advice or quick review would be appreciated immensley, I have to turn this in today .

  12. For the summer my friend and I want to start our own business planning birthday parties for pre-teens, younger teens and young kids. We’re 16 years old and we thought it would be a good idea because it was different and many parents who try and plan their childs party dont even know what their kid likes. I want to know how should I get started and how much I should charge? Any tips here would help.

  13. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  14. Business in a box VS Business Plan Pro [Entreprenuer].

    Thank you, I am planning an online business and doesn’t really matter with the legality. I need something that is professional and that can help me move forward and create a good business plan.

    Thank you.

  15. Business in a box VS Business Plan Pro [Entreprenuer].

    Thank you, I am planning an online business and doesn’t really matter with the legality. I need something that is professional and that can help me move forward and create a good business plan.

    Thank you.

  16. I am planning to start an on-line business. What type of hosting do I need? The hosting company that I am signing up for is 1&1 hosting. It offers me beginners, home, and business. It also have an eShops, whatever that means..?

    Anyways, I just want to sell ONE product, it’s a start, and want to know which plan should I get. I want to be able to accept payment such as paypal, visa/master card. Does it cost money to have such service and do I have to sign up for the business plan to get such service or can I get an ordinary one and set-up my own.

    I don’t know which is best. Please give some insight on how I should go about is starting this business. Thank you.

    I REALLY NEED HELP.
    I’m sorry. I mean one kind of product.

  17. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  18. I am planning to start an on-line business. What type of hosting do I need? The hosting company that I am signing up for is 1&1 hosting. It offers me beginners, home, and business. It also have an eShops, whatever that means..?

    Anyways, I just want to sell ONE product, it’s a start, and want to know which plan should I get. I want to be able to accept payment such as paypal, visa/master card. Does it cost money to have such service and do I have to sign up for the business plan to get such service or can I get an ordinary one and set-up my own.

    I don’t know which is best. Please give some insight on how I should go about is starting this business. Thank you.

    I REALLY NEED HELP.
    I’m sorry. I mean one kind of product.

  19. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  20. I appriciate your help in advance, I have not been to school in over 20 years
    I am a little stressed with creating a business plan for my business I am hoping to initiate. Hoping for a clear concise explainations and correct use of grammar.

    PRODUCT/SERVICE

    Purpose of the product/service

    Baker’s Seasoned Drapes provide full consultation services offering custom crafted soft window drapery products such creations as; draperies, valances, bedding, pillows, hardware etc. . . .

    The Company’s revenue stream will come from the direct sourcing, purchases from custom crafted units on behalf of clients. Since the service is to produce a higher end specialty segment, the two most important aspects of production are quality and scheduling. The companies projected customers will have buying power as they represent the reputation of the businesses final product produced. Therefore if the company does not produce the necessary items with the required specifications when needed, the loss of future revenue from a client can be significant.

    Unique features

    Baker’s Seasoned Drapes is in the business of providing clients with an outstanding level of service that they can call upon for support regarding window decorating of homes, offices, and apartments. Our line of custom products is made in an assortment of textiles to fit any area in the home to any specification in array of hundreds of fabric choices. At the onset of operations, Management intends to integrate a number of new technologies that allow users to take virtual tours of homes with decorated windows that they can have installed in their homes. This will not only allow the business to operate more cost effectively, but will also provide a strong marketing image for the Company.

    Stage of development

    The company is at the very beginning of development. Investigating availability of grants, resources and establishing relationships with vendors and contractors to acquire an adequate estimate for startup.

    The goal is to have the business operational by September 2012.

    Future research and development

    Patent research and application may be established in the future depending on result of investigation. Eventually Mrs. Baker wants to expand Baker’s Seasoned Drapes into LLC with a store front also marketing ready-made items to serve more segments of the community.

    Trademarks, patents, copyrights, licenses, royalties

    Baker’s Seasoned Drapes have a possible patent to be established in the future for current intellectual property.

    Governmental approvals

    The business is not far enough along in its stage to initiate this section but intends to comply with all government requirements and regulations.

    Product/service limitations

    All products will be delivered and installed with warrant to craftsmanship.

    Product/service liability

    Since quality is of the utmost importance next to service, I will ensure customer satisfaction with every order. If fabric was flawed, or custom product was made incorrectly, this will be shipped back to fabricator for repair or a local seamstress will be used to correct the issue in a more expedited manner. These decisions will be made at owner’s discretion.

    The customer will be held liable for the color, fabric and style chosen which will be held accountable on the contract.

    The business will be insured with general liability insurance up to $10,000.

    Related products/services and spin-offs

    The company will provide free in home consultations for the first 30 days of business. We plan on marketing the free consultations prior to opening to create a wave of anticipation and to get schedule appointments. The structure after 30 days will require a small trip charge of $10 in order to recoup costs of time & gas. The trip charge will be waived if a sale takes place. New inventive intellectual property is not available to discuss yet.

    Production

    The marketing, decorator consultation, sales, hardware, fabric, customer service will be produced internally. Fabrication and Installation will be subcontracted.

    Facilities

    This is a home-based business. The business will be utilizing a 300 square foot space with in owner’s home which provides adequate space for operations.

    Payless receiving Storage will be a primary place of receiving, shipping and storing supplies, products and orders ready for installation.

    Suppliers

    Baker’s Seasoned Drapes is in the process of investigation with a goal to build a network of suppliers and subcontractors.

    Environmental factors

    Baker’s Seasoned Drapes will offer all customers with the benefit to reduce energy consumption within their homes or offices by producing all draperies with insulated lining available on all drapery with various insulating levels. The owner will also initiate a recycle plan to all inner employees for all office & shipped supplies like paper, plastic and packing
    I know this is a whopper so any advice or quick review would be appreciated immensley, I have to turn this in today .

  21. I want a way to show students the importance of good planning–as opposed to making decisions without careful consideration of all the facts. I’d love some stories, myths or business cases that show a colorful example of either A) How someone succeeded by having a well thought out/original plan or B) someone failed because they did not gather the facts before making a big decision. Any suggestions would be great!

  22. Ive just entered 2nd year at university and Im not impressed at all, during first year, I ended up getting A’s in nearly all my assessments, but of course 1st year wont count towards my final grade..

    Looking at the work for my second year, 4 out of 6 modules are group work, where we must work in teams of 5 to complete tasks such as 5000 word referenced business plans. I fail to see how thats even possible, everyones style of writing is different, everyones going to be arguing about whats best.

    Further group work includes presentations etc..

    I really wanted to pass with a 2:1, now it just seems impossible, this work has bummed me out. I only really do well working on my own writing assingments, thats what Im good at. Im not saying other people arent capable, but cmon, stick a bunch of people together all with different opinions is just going to create a mess and jumbled up piece of work. To make it worse, no one in my lectures even TALK and everytime we have a group work, either everyone just sits there saying nothing, or when I say something it gets ignored.

    Obviously I cant change the course, has anyone got any ideas how I can go about group work? Im very poor at it, I dont want to be stuck with people who do nothing or people who wont let anyone else have a look in, how do I deal with people like this? How to I get better at this, i dont want to ruin my chances of a 2:1! 🙁

    x
    I understand what your saying Letter, I really do, but just because you get along with someone wont make you academically matched. I know I can get along with pretty much everyone, but I dont want my grade to suffer as a result of poor team efforts. I know it sounds harsh on their part or me to say it, but this 2:1 is very important to me. Little bits of work is okay, but a whole referenced 5000 business plan, how do we do it without conflict :s

  23. I am planning to start an on-line business. What type of hosting do I need? The hosting company that I am signing up for is 1&1 hosting. It offers me beginners, home, and business. It also have an eShops, whatever that means..?

    Anyways, I just want to sell ONE product, it’s a start, and want to know which plan should I get. I want to be able to accept payment such as paypal, visa/master card. Does it cost money to have such service and do I have to sign up for the business plan to get such service or can I get an ordinary one and set-up my own.

    I don’t know which is best. Please give some insight on how I should go about is starting this business. Thank you.

    I REALLY NEED HELP.
    I’m sorry. I mean one kind of product.

  24. Business in a box VS Business Plan Pro [Entreprenuer].

    Thank you, I am planning an online business and doesn’t really matter with the legality. I need something that is professional and that can help me move forward and create a good business plan.

    Thank you.

  25. Hi,
    I’m in the process of opening a clothing boutique in my home town, right now I’m working on my business plan. So I ask to anyone that can give me some input…
    What do you look for in clothing boutique? Or What do you expect from a shopping experience? What makes you choose a boutique over another one? What has more importance, price, variety, exclusivity, customer service? What would you consider a good idea to include in a store?

    Thanks and looking forward for answers …Thanks

  26. I am trying to prepare a business plan but am overwhelmed by the task of organizing the endless info.

    Please list in order the major sections and their subsections? (to include all the major areas that should be considered including SWOT, competitive analysis, strategic HRM plan, finances, etc …)

  27. My friend & I are setting up our event planning business but are stuck on picking out a name. We already have a few clients so now we REALLY need a name so we can get started on planning & payments!
    We’re going to be doing weddings, baby showers, bridal showers, & birthdays. Not only do we do the planning, we also make stationery, favors, and some of the other decor. So I don’t want the name to be too specific since we cover so much ground.
    Any suggestions??

  28. ~For those studying medicine, law & engineering or those planning on becoming teachers – this won’t apply.

    But I’d like to hear your opinion on the following statement: with the Internet and A WEALTH of free resources available, University is unnecessary (it may be handy, but isn’t mandatory) for those studying the arts, computer science, business or journalism. Also, feel free to throw in more subjects and debate what’s currently mentioned.

    The arts: whether it be animation, painting, acting, sculpture, fashion, film & tv or writing – all the resources for one wanting to learn and pursue any of these fields are available online. What’s necessary which can sift through the sea of information out there, and find what’s relevant. This is something art schools attempt to do, but not all succeed. Sure, back in the day this may have been true too, but no time has ever existed quite like this one. 🙂

    Computer science – all can be learned online.

    Business – entrepreneurship has seen a huge renaissance within the past ten years, and there are no signs that anything ought to change soon. In regards to climbing the corporate ladder, a degree may help to get the foot in the door, but isn’t necessary, as connections and personal presentation often do wonders when a degree is absent.

    Journalism – same as above.

    Thoughts? Yes? No? Irrelevant?

  29. Would mum’s and dad’s please take a moment to list the the things you find the most desirable, regarding aspects of day nurseries? and the place them in order of most importance.

    I am hoping to make some observations in order to complete my business plan and hopefully take these things into account for future business investment.

    Many thanks for your time
    1) cost (bear in mind Tax Credits)
    2) Diet and Nutrition
    3) Activities and Play
    4) Staff personalities
    5) Locality to home
    6) Locality to work
    7) Method and frequency of payment i.e cheque/ cash/weekly/monthly
    8) Outside play area
    9) inside play area
    10) Safety and security
    11) Pre- school teacher
    12) Awards and Certificates of regulatory bodies
    13) Any other points

  30. I read on one site there is 2% more women than I read on another site there are 57 million more men than women!

    It says here:
    “There are 57 million more men than women globally, the UN said in a report to mark the World Statistics Day.

    The report titled The World’s Women 2010: Trends and Statistics, was released by the UN Department of Economic and Social Affairs (DESA) Wednesday, Xinhua reported.

    The UN General Assembly in June this year proclaimed October 20 as World Statistics Day to recognise the importance of statistics in shaping societies.

    The report showed that women globally have ‘benefited’ from the gender statistics in the last decade.

    It said Europe has more women than men. But in some of the most populous countries, there is a shortage of women, such as in China where the ratio is 108 men per 100 women.

    “We know that statistics are a vital tool for economic and social planning,” Keiko Osaki-Tomita, chief of Demographic and Social Statistics Branch (DSSB) of DESA, said at a press conference. “Statistics are essential for academic research, business planning and budget allocation.””

    I also read: I read somewhere that “Globally, there are about 105-107 boys born for every 100 girls. Since 1940, an average of 91,685 more male babies have been born each year in the US than females, a total of 5,776,130 over that 63-year period. The highest sex birth ratio occurred in 1946 (1,059 male births per 1,000 females) while the lowest occurred in 1991 and again in 2001 (1,046 male births per 1,000 females). For all available years combined, Chinese (1,074) and Filipino mothers (1,072) had the highest differences between the number of boys born versus girls, while non-Hispanic black (1,031) and American Indian mothers (1,031) had the lowest.”

    So how comes in this one song it says “there’s more women than men in this earth and that’s a fact”

    From where I live there seems to be more men, when I ever I start a college there are more male students, or at shops ect.
    Also in my family in 3 years there has been 16 births and only 2 were girls and there rest were boys!

    I’m confused? are there more males or females in the world?!?!?!?!?
    @common sense: only 9 thousand, that’s nothing.

  31. im not being lazy!,
    im studying this diploma for reasons i dont wish to reveal
    i dont need the knowledge or for it to find me a job in the future.
    im too busy running business’s and dont even have 30mins to waste..
    so i urgently need someone to help me do these assignments for me in the next 10 weeks.. 5 assignments..
    they are very general business/finance based, nothing specific.
    it would probably take me 1hour MAX to do

    eg questions.
    1)why is it important to estimate cash flow when planning your financial budget.
    2)how do you measure success in financial terms
    3)discuss,importance of personal vision in relation to business direction

    there are 10 of these similar questions in each assignment.
    i just expect 150 – 250 words for each question.
    and i am willing to pay AT LEAST $30 for each assignment depending on how good it is.

    ps.im not joking… you might ask, if your so busy how would u have time to goto school ..answer – i dont go, unless i have exams
    i also have samples of these assignments completed by other students ,you can use it as a reference.
    if your worried about not receiving payment , im sure we can work out ways to protect both parties.
    maybe i can pay per question ,that way if i dont pay ,you stop.. and at the worst.. ive just wasted you 10mins
    Nashi, no im not worried. its near impossible for them to provide solid evidence to pinpoint my identity. unless they intrude my privacy..eg hacking my comp..etc
    even if they suspect its me.. they cant do anything about it..
    fail me at the most… but if my work is up to standard and they fail me,i would sue them..
    ogg08, 150-250 words per question… with samples of other students completed assignments..
    $30 ATLEAST <—..
    someone with fundamental knowledge in business/finance would take less then 20mins to complete. ,
    its a fair price in my opinion….

Comments are closed.