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6 Tips on How to Write a Good Business Plan

A business is not child’s play, and you need to give it your all if you expect an astounding performance that will make it thrive. That being said, you have the responsibility to ensure that everything is going well. At the same time, it’s hard to take care of everything when you don’t have a well-established plan to guide you. So, how do you write a business plan? Here are some tips that will help you with this task. Find a Purpose What is the purpose of your plan? Basically, a plan’s aim is to describe the financial background, business nature, sales, marketing strategy and more. Conversely, a business plan can have more purposes. If your aim is to attract some investors, then a plan should be written in such a way to match your desires, so you end up achieving your goal. Moreover, a business plan is also meant…

The Toyota Company

The Toyota Company

The Toyota motor company is a Japanese based automobile manufacturer that has its headquarters in Toyota Aich in japan. The company is rated as the 13th largest company in revenue as ranked by the revenue. Today, the company is the world largest leader in sales of hybrid and electric vehicles. It was founded by Kiichiro Toyoda in 1937. Financial and Operational Performance  This article not only presents toyota case study analysis but full business analysis. The Financial operating ratios are considered useful indicators of the performance of the farms’ financial position. It is usually calculated by the information acquired from the financial statements. The financial ratio is used to analyze trends and compare one firm to the other. It can be used to predict the future of the firm. The Toyota motor company is a highly regarded company with high-quality production that has been their foundation for the continuous excellent operation. Their…

Product and pricing aspects in a hospitality industry

Most business institutions exist with the primary goal of profit maximization. However, the profits cannot be maximized without the provision of services or products. Therefore production features as an essential metric that most organization depends on in meeting the key objectives. These goods and services produced are therefore promoted, distributed to various destinations, and priced based on their usage, demand and value. Product and pricing work hand in hand in that a price cannot be fixed on a service or product that doesn’t exist and vice versa. A few days ago we did a research about product and pricing aspects in a hospitality industry and . Specifically, about services and products that will be provided in the hotel and resort. Among the key services includes but not limited to the provision of recreational services, provision of conference halls, accommodation, and more. For the hotel section, clients will be served by…

Business Plan and Entrepreneurship

Business Strategy Desired Image and Position in the Market Benjamin Beauty Enterprise is dedicated to providing excellent customer satisfaction by offering products and services at affordable prices. The business aims to take the leading position as the only efficient beauty parlor in Los Angeles City. SWOT Analysis The enterprise strength is the large pool of customers in the target population. The business is located in a prime area with major learning institutions, restaurants, supermarkets, and manufacturing plants. It sells a broad range of services and products compared to other competitors in the market. Additionally, the entity has a competent workforce composed of young and vibrant staffs who will offer quality and timely services. One major weakness is that the venture is new in the location and will need more marketing strategy to reach more clients. The economy of the city is growing, and more women are joining the workforce. In…