Answered: Write a business plan on how you are…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Question

Write a business plan on how you are going to operate. Regardless of whether you are interested in taking over an existing business or starting a new one; they both have challenges that you will need to overcome in order to succeed. Discuss one of the challenges in starting a new business and how you may be able to address that challenge with a well-designed business plan, as well as how the pandemic has been a main challenge. Your challenge can be unique to either a start-up or on-going business or both.

Expert Solution

Step 1

A business arrange may be a formal papers that outlines the objectives of the corporate, however those objectives are earned, and after they are accomplished. in addition, it offers an outline of the organization's history, its money projections, and therefore the techniques it plans to use to succeed in its goals. This document acts as a road map (a plan) for the business as a full.

To get a loan or different sort of finance, written business plans square measure ofttimes required. A business arrange are often created additional simply by victimization templates and directions, as those provided within the North American country by the tiny Business Administration