Mini Business Plan Student`s
TheMillennial Event Decorating Enterprise will fulfill all the needsthat are in existence and continue to exist. The business will usecreative and innovative ideas in planning for parties. The main aimof the enterprise is to capture the market by ensuring we are thelowest cost leader in the industry. Low costs will be achieved byreducing expenses through capitalizing on economies of scale.
Whythe Venture is Promising
Byhaving an event decorating business will have a chance to showcaseour ideas and also help people by ensuring that they do not gothrough the struggles of planning parties. Additionally, mediaadvertisements will enable the business to attain significant levelsof visibility.
CoreValues, Vision, and Mission Statement
Thestore will thrive in innovation, customer focus, integrity andprofessionalism this will support our strategy for success. Thevision is to ensure we are the pacesetters in the event decoratingbusiness. The mission is to create a positive environment thattransforms our customers, staff and other stakeholders throughoffering services at a lower cost.
Company`sManagement and Workforce
Thecompany is a joint startup between me and Francis Choo, one of thecountries successful event organizers. We will at least need fivemembers of staff that will help in running the business.
DistinctionStrategic Plan from Managerial Actions
Thestrategic plan we have will help us set priorities, use our resourcesin an efficient way and also ensure that all employees andstakeholders work towards the set objective. The managers, on theother hand, will supervise, control ensuring they are aligned withthe mission, the vision of the enterprise.
Thefirm offer services such as decoration of events such as parties,weddings, and baby showers. Moreover, the services will bedifferentiated and packaged in our way that will attract customers.
Forthe enterprise to run we need a startup capital of $500,000, which islargely the fees and permits associated with opening the company,these costs will be financed by the management. Periodic cash inflowsare to be made so as to cover operating expenses during the first fewyears of operation. The funding is through a loan that we willreceive from lending institutions (Navarro, 2015).
Navarro,F. (2015). Business plan: A preliminary approach to an unknown genre.Ibérica,30,129-154.
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