Business Planning Essay Example | Topics and Well Written Essays - 1500 words

Business Planning - Essay ExampleThe recommendations seek to prevent the impingement of weaknesses in the caper visualises. Finally, the report will take a section for personal opinions and lessons learned from the lineage objects. Importance of a Business Plan Business pictures are documentations that facilitate planning. An ideal vexation plan should cover three crucial worry aspects, which are financial, marketplace and air concept. A business plan is important because it clarifies a companys direction (DeThomas & Derammelaere, 2008). A business plan defines a business and its operations. Additionally, the plan outlines the businesss intention. This means that the plan clarifies the directions and purpose of the business. A business plan likewise outlines a businesss future direction because businesses adapt and evolve over time. The business plan factors the businesss direction and growth plan (Abrams, 2003). Additionally, the plan highlights strategies that the plan w ill use in case of market change and slow growth trends. A business plan attracts financing by showing the companys potential to make profits. What a Business Plan Should Cover Differences in business environments provide challenges in the formulation of one business plan for all businesses. An ideal business plan should have a business concept, market and financial strategies (DeThomas & Derammelaere, 2008). Besides these three business sections, the business plan should have other sections that provide a comprehensive business description (Finch, 2013). These sections are business design and development, market strategy, financial information, competition analysis and operations and administration. Description of the Business Plans Bluespa Structure of the familiarity Bluespa is a family establish company owned by Ray and Barbara Brunner. The two also double up as the founders of the company. Bluespa has an idea board that comprises of seven members. Mr. Ray Brunner is an additio nal member of the board. Additionally, the board will have three outside directors and two representatives chosen by Mr. Brunner and the firms major investors (Bplans, 2013). Mr. and Mrs. Brunner have a combined experience of 65 years in the retail industry. The two investors have senior counseling qualifications, and they held various management positions in their previous employment. The two founded the firm, which has its office in Portland, Oregon. From the first year to the one-fifth year of operations, the firm seeks to grow its head count from 10 to 65 (Bplans, 2013). The majority of this growth in head count is expected to come from store personnel. The rest of the staff will come from mount staff. Products Provided Bluespa deals with body and unclothe care products that are developed by the companys contact facilities based in California and France. The company also deals with apparel products produced through outsourcing with a sport-related apparel manufacturer. The p roduction of accessories is managed by contract with the manufacturer of sports-related accessories such as totes, bags and socks. The companys product line includes fitness and skin care apparel. Within the skin care line, the firm offers different products such as eye penning removers, facial scrubs, cleansing creams, body lotions and masks (Bplans, 2013). Within the fitness apparel line, the firm offers Lycra products such as gip and tights. New Look, Inc Company