Monday, April 22, 2019
Investigate a business idea and produce a realistic, practical Essay
enquire a business idea and leaven a realistic, practical business plan considering the financial aspects of the proposed b - Essay ExampleThis company get out be established after assessing both local and cross-border commercialise. The new uncase care producers concentrate mainly on wo hands, where most skin care products are manufacture to cater for women. The primary target market for heart pull off express mail constitutes the increasing number of juicy-profile men who desire to improve their looks and be presentable (Cadogan, 2009). Face Care Limited seeks to target working course of study men since young professional men make up 59% of the young profession these large number prefer high quality skincare products this is a great opportunity that the company needs to be tapped. Mission Statement The mission of Face Care Limited is to become the premier provider of sebaceous skin solutions to men. Face Care limited is dedicated to provision of a solution to men whose skins produce a lot of oil due to active oil glands. The products are aimed at regulating and positive the production of sebum. Vision Face Care Limiteds vision is to be the international attracter in the provision of high quality skincare products. Core Values The companys linchpin values are customer satisfaction, honesty, accountability, and reliability in its operations. The firm go away focus on promoting likeability of skin care products among potential customers to increase the market size. This is beca wasting disease customers will buy large quantities of the products if they achieve high proceeds after using them. Customer satisfaction will be achieved through offering affordable prices and unattackable quantity of products. Honesty is a key virtue in any organization, and Face Care Limited aims to create a transparent relationship with both the internal and external environment such as workers and clients. In the event of the Face Care Limited receiving complains concerning any harm caused by the companys products, the forethought will be accountable and responsible to bear the consequences (Das, 2010). The initial solution to the problem of faultiness will involve immediate recall of skin care products from all shelves and stores. Constant delivery of high quality products in the market will make the firm reliable in identifying new market opportunities, and meeting customer needs effectively. Plan of Operations The operational plan comprises of several elements that the company peg down to implement in its production in order to achieve the objectives of firm. Proper assessment of vital components such as sales channels, value proposition, key resources, cost structure, revenue streams, key partners, and key operational activities will enable Face Care Limited to widen its market size (Vale, 2006). Capital raised from promotions of the products will act as the revenue stream for the company this is through our sales channels, for instanc e, Face Care intends to use its own website for promotional purposes (Cadogan, 2009). A successful business should target customer segments that have working divide men models equipped with the skills of marketing. The promoters have developed a Business Model Canvas for Face Care Limited. This is an action plan that the company intend to use once it becomes operational it will assist the management in dealing with any possible future challenges. The Business Model Canvas consists of solutions on how Face Care Limited will manage its activities to reach out to clients (Douglas & OReilly, 2011). It consists of solut
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