Unit 5 Assignment And Journal
The articles I chose comes from the CM107 Professional Websites, Business/Finance/Management and 15 Reasons You Need a Business Plan by Tim Berry, Contributor Entrepreneur, Business Planner and Angel Investor.
The reason I chose these articles and this topic is because my field of study is Business Administration and I believe that it will affect my current company plans to grow the business by 200 percent in the next five years.
Here are the links to these are articles if you are interested in reading them, http://managementhelp.org/ and http://www.entrepreneur.com/businessplan/index.html.
According to the KU Writing material a thesis statement is the “central idea, argument, or focus of your paper”. It should produce a research question and creates an answer same as the thesis statement. I welcome any suggestions, thoughts or idea you all came provide, it will be greatly appreciated.
Thesis: Business plans are necessary to develop a business potential and it includes step by step information on how the business will function.
I. Why are business plans required?
a. Expresses the purpose of the business.
b. What will be the cost and what are the funding sources?
c. How will the business operate?
d. What products and services will the business deliver?
II. When should you implement a business plan?
a. Before you start a new business or,
b. Before expanding an existing business.
c. Who’s going to execute the plan?
III. What are some benefits of a business plan?
a. Reduce any risks of failure
b. What are the company goals and strategies?
IV. Who will manage the business and what skills will they be required to have?
a. Who will be on the Executive Team?
b. Who will be the Top Level Managers?
c. Who will be the Middle Level Managers?
d. Who will be the Lower Level Managers
V. How will you market the business?
a. Where will we advertise?
b. Who will be our Customers?
c. Who will be our Competitors?
d. What Product will we offer?
e. What Pricing will we
The reason I chose these articles and this topic is because my field of study is Business Administration and I believe that it will affect my current company plans to grow the business by 200 percent in the next five years.
Here are the links to these are articles if you are interested in reading them, http://managementhelp.org/ and http://www.entrepreneur.com/businessplan/index.html.
According to the KU Writing material a thesis statement is the “central idea, argument, or focus of your paper”. It should produce a research question and creates an answer same as the thesis statement. I welcome any suggestions, thoughts or idea you all came provide, it will be greatly appreciated.
Thesis: Business plans are necessary to develop a business potential and it includes step by step information on how the business will function.
I. Why are business plans required?
a. Expresses the purpose of the business.
b. What will be the cost and what are the funding sources?
c. How will the business operate?
d. What products and services will the business deliver?
II. When should you implement a business plan?
a. Before you start a new business or,
b. Before expanding an existing business.
c. Who’s going to execute the plan?
III. What are some benefits of a business plan?
a. Reduce any risks of failure
b. What are the company goals and strategies?
IV. Who will manage the business and what skills will they be required to have?
a. Who will be on the Executive Team?
b. Who will be the Top Level Managers?
c. Who will be the Middle Level Managers?
d. Who will be the Lower Level Managers
V. How will you market the business?
a. Where will we advertise?
b. Who will be our Customers?
c. Who will be our Competitors?
d. What Product will we offer?
e. What Pricing will we