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Strategic Analysis with current research! The Wedding Planner, Inc. The Company was founded in by John Doe. Doe will personally manage every event that is hosted by the Company.
For each event, the Company will receive ten to twenty five percent of the aggregate budget for the event. This is a sliding scale, and as the event becomes more costly, the percentage fees received by the Wedding Planner will decrease.
The business will also receive per hour fees for services related to design and wedding day consulting. The third section of the business plan will further describe the services offered by the Wedding Planner.
The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the event management industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Wedding Planner.
Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. Each aspect of the wedding will be managed by Mr. Doe and his staff. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. This may present certain difficulties with revenue generation as people will spend less on their wedding day events.
The growth of this industry has remained in lockstep with the growth of the economy in general. This industry has exploded as the economic tastes of Americans have changed significantly over the last five years as the overall wealth of the country has grown. This trend is expected to continue as the economy remains strong.
In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc. The key to writing a strong competitive analysis is that you do your research on the local competition.
Find out who your competitors are by searching online directories and searching in your local Yellow Pages.
Below is an overview of the marketing strategies and objectives of the Wedding Planner. Doe will promote the business through a number of traditional marketing and advertising channels.A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope. Back to Business plans and cashflow Writing your business plan Example of a business plan Example of a cashflow A finance provider will review any business plan submitted; it is essential that your plan relates to your business and you do not rely on a generic document.
A finance provider will. A business plan can be used as a vehicle for accurate communication among principals, managers, staff, and outside sources of capital.
It will also help to identify, isolate, and solve problems in your structure, operations, and/or finances. Five-year Business Plan to Contents. From the Southern Water Board. page 4.
Our vision. page 8. Welcome to our ﬁve-year Business Plan for to Our vision is to be recognised as the UK’s leading water company. Business Plan For Finale Sports Bar & Grille Submitted by: Jack Johnson Car, MI December 10, IMPORTANT: The business plan option is open only to students with knowledge and experience in business accounting, marketing, management, and/or entrepreneurial “us” and “our” refer to the business of Finale Sports Bar & Grill.
Most online restaurant business plan templates includes the Executive summary, Business Description, Area of Operation, The Concept, Capitalization, Menu Sample, Management Team, Layout of the Business, General Manager, Analysis and much more.