My first business plan

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Expansion Plans Initially, we plan to start in a city with 6 kiosks which would service the major areas in the city. But, we expect strong growth in sales and brand value and would add to the number of kiosks. After 6 months, we plan to increase from 6 to 10 kiosks. After one year we aim for. Further revisions would happen every 6 months. After about two years of operation we also plan to foray into other cities either through a franchise model or self-owned kiosks. Other than expansion of business, the expansion of brand is also very important, we aim to take the noodle maker brand to new heights through merchandising, campus relations and advertising.

We aim to tap this market and carve out market share by our quality products and great service. By keeping our prices reasonable we aim to position our offering for the great Indian middle class. Also, our branding efforts would reap dividends by creating goodwill and trust among the consumers. By bringing some organisation and standardisation to the market we aim to create greater value for our customers than our competitors. Technical and Economic feasibility since our business does not involve any technological product there are no technical constraints for the business. Economically, this business is viable because it has a very low initial investment of about Rs 5 Lacs. This would be covered by us, the partners, and a bank loan. As calculated by us we would break-even in about 3 months (optimistic) to 6 months (normal). Also, since we are selling all our products for cash the money would start flowing immediately thus helping us manage the operating expenses. The viability of this business is enhanced by cash flows which are predictable and expenses which are not capital intensive.

my first business plan

Bplans: Business Planning Resources and Free business Plan

A tasty and healthy snack is waiting just around the corner database and we always aim to please. Market and Competitive analysis. We are basically competing in the Indian street food market worth nearly 10 billion. The market is mostly unorganised with nearly 10 million street food sellers. The market is growing at a rapid pace of about 20 annually. The market potential is huge since there are hardly any vendors with a hygienic and healthy offering. Maggi is a brand loved and enjoyed by all Indians this would help us initially in getting a foothold.

my first business plan

How to start a cassava farm In Nigeria: Full Business Plan

A single vendor would be in-charge of the kiosk; he would be trained in all tasks including food preparation, kiosk setup, customer interaction, transport and location scouting. Our aim is not only to deliver a good product but also great service. Since, maggi is the only brand that we are selling, establishing and maintaining good relations with suppliers is a must. We can negotiate bulk sanskrit discounts and a proper schedule of supply. The kiosk would itself serve as an advertisement for the brand and would be designed to garner maximum attention. A small number of such kiosks would easily be able to serve a small city ensuring that the consumer is never too far from his favourite snack. In burgeoning urban spaces, time and money are at premium. Consumers more than ever are on the lookout for a cheap and fast solution to their problem. If finding a reasonable snack is your problem, then the noodle maker is your solution.

The kiosk can be hooked on to a cycle and transported to any desired location. Depending on time of day, the kiosk can be setup near schools/colleges, near offices or near shopping areas. We will write a custom essay sample. My business Plan or any similar topic specifically for you. Do not Waste, your Time, send, by clicking "send you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails. More Essay examples. Business Rubric, the location and pricing of products is inter-linked, depending on area and target consumer, the products can be priced differentially. This would help offset costs which might be associated with prime locations.

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my first business plan

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The noodle maker is a labour of love. My business Plan introduction. It is said that every entrepreneur worth his weight started out with a lemonade stand in his own backyard. The noodle maker is a business which takes the basic concept of a lemonade stand and makes it more mobile and relevant for todays generation. We indians love our Maggi, yes; we talk of the same instant noodle brand that has been ruling the market for ages. Imagine a friendly neighbourhood stand which serves you a piping hot bowl of Maggi noodles health and ice cold lemonade, a place for a good snack and great conversation.

The basic concept involves a mobile kiosk which can be transported easily and setup without effort. It has place to make and serve maggi instant noodles and store lemonade in an ice box. Maggi can be made on a stove using 5 kg lpg cylinders. Lemonade can be premade and stored in a styrofoam ice box. The kiosk would have enough space to store supplies, cash till and for one vendor to comfortably make and serve.

The final element to the business plan is the timeline you plan on accomplishing the goals you wrote down. Grab your Own Business Plan Template. Im so excited to provide you a template for you to use! Click this link to receive your very own Business Plan Template in your email box! I hope you find the business plan template to be helpful!

 If you are struggling with something in your business, shoot me an email and tell me what it is!  Ill be sure to add it to my blogging calendar and walk you through some action steps. If you would like to read other education for Business Creatives, click here!

Crain's New York business

Planning ahead in business is crucial to its success. There will be years where you have significant investments. Planning ahead for this important investments will give you a sense of relief knowing you can offer that purchase. I always plan for education. As a former high school teacher, continuing education fruit is imperative. I like to list out the education that I want to attend. Once listed, i can adjust my yearly budget accordingly. Client service plan, marketing mother focus, and work/life balance will wrap out the outlook for your year.

my first business plan

And home runs are good! Theyre even great when you have the proper workflows in place! Youre then going to examine some assignment elements of 2016. How did your clients find you? Are you keeping track of your referrals? Keeping track of referrals allows you to plan your marketing strategy more efficiently. Deciding how youre going to budget for the year follows.

After the vision is your goals for the new year.  The template has my 2015 goals, so your business plan will break down your 2017 goals.  Youll take the time to think about the income you want to make in the year.  Next will be the years projection.  What if you made more than your income goal?  How many shoots/weddings would you have to book to meet a bigger goal?  Remember friends; it never hurts to swing for the fences!  Now and then, youll hit a homerun.

When I started my business late 2010, and it took five years for me to draft my first plan. In the spring of 2015, i became a student of the International Academy of Wedding Photographers. One of my assignments for the business class was to create a business plan. The assignment may have been time-consuming, but it was helpful to see where my business was and the direction that it was going to take. When I look back on that first business plan, Im amazed how my business has paper grown in 18 months. Every december now I take the time to write out a new plan for the upcoming year. For me, its a fun way to look back and see how far ive come. Its also an excellent way to challenge myself to strive for bigger and better in my business.

100 Free sample business Plan

A business resume Plan for Creatives, so many artists tend to think with the right side of their brain. Thats why when it comes to the business side of what we do, many struggle. Creatives, typically, put off categorizing their expenses, wait till April 15th to file their taxes, or struggle to stay organized. Those who think with the right side, however, tend to me more creative, free-spirited, and go with the flow kind of people. If youre a right side brain creative, i have something for you! Today im sharing a business plan template. Business plans are just that, plans for the year. They detail what you plan to accomplish, your financial outlook, where your business from the previous year came from, and a timeline of when youll complete goals you wrote out at the beginning of the year. I wrote my first ever business plan in 2015.

my first business plan
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More often than not, business plan mistakes are made simply for the reason of lack of foresight and discussion. Business plan examples are found in the page to help you in your next strategic plan, marketing plan, and even your personal plan.

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