In this order I need the writer to see all the details and instructions which I will give, because it is a business plan, which the idea I have already, it is a machine for cocktails, I will send a
file with the description for the product. This order needs to be divided in two parts
first part is: (to write 400 words approximately)
Within this section you should describe the industry your business will enter, including its size and projections for growth. You need to highlight key environmental and business trends within the
industry, including the significance of economic, social, technological and political/regulatory factors. You also need to explain why it is a good time to consider entering this industry.
second part is:(to write 975 words approximately)
For this section you need to make some projections about the financial development of your firm. You need to outline any assumptions that you have made in putting together these projections. It is
very important that you are realistic in the projections that you make. In order to do this try to answer the following questions:-
How many products / services do you expect to sell? (Try to predict sales over a 3 year period and explain the evidence you are using to support your predictions). Explain how much do you expect to
be able to charge for your product or service and how this compares with competitors and substitutes. Explain whether you intend to apply any discounts? Outline what costs will you incur, including
fixed and direct costs (itemise these as accurately as you can).
For this section you will need to provide and explain your ‘Projected Financial Statements’, (referred to as Pro forma financial statements in the Barringer and Ireland textbook). Please include
the following projected for 3 years:-
– Profit and Loss Statement (referred to as ‘Pro forma Income Statement’ by Barringer and Ireland)
– Cash Flow Statement