Nobody downloaded yet

Successful Take-Off of the New Business - Term Paper Example

Comments (0) Cite this document
This paper is a business plan that presents all the processes that should be implemented in order to successfully run a medium-sized business. The business description is provided in this plan, emphasizing on why the class of middle-aged male users is chosen over other groups…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Successful Take-Off of the New Business
Read TextPreview

Extract of sample "Successful Take-Off of the New Business"

Download file to see previous pages According to the research findings, the products to be sold are washable slippers—they are mainly used in the bathtubs and within the house. They are not designed for outdoor purposes. Their texture is soft, and the material they are made from is flexible and water-proof; that is, the washable slippers neither contaminate nor pollute the bathwater. This business plan details the procedures necessary for selling a brand of washable slippers for middle-aged male users. Though other categories of consumers can use the slippers; however, the initial research on this product was carried out with middle-aged male consumers in mind. Below are the data and chart that reveal how profitable the business is going to be when the target consumers/market is given ample consideration. The data above was obtained by asking 20 middle-aged men, women and teenagers to fill in their preferences in questionnaires concerning another pair of washable slippers. Their responses are tabulated above to demonstrate the likeness middle-aged men have for washable slippers. Figure 1 above reveals how comfortable the washable slippers are to middle-aged men, and this is why they are the main target of the market. Also indicated in the data is the fact that both middle-aged women and teenagers could also purchase and use the washable slippers, but the recognition middle-aged men have for the slippers surpassed that of other groups of users. The form of organization chosen for this business is a partnership. The major reasons for making this choice are that: (i) the size of the business is small; (ii) the capital to run the business is limited; (iii) the partners can equally share the liability and profits accruable from the business; (iv) and is a medium-sized business, the partners would be able to concentrate more on rapid business development (Lazonic, 1993). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Successful Take-Off of the New Business Term Paper - 4, n.d.)
Successful Take-Off of the New Business Term Paper - 4. Retrieved from
(Successful Take-Off of the New Business Term Paper - 4)
Successful Take-Off of the New Business Term Paper - 4.
“Successful Take-Off of the New Business Term Paper - 4”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Successful Take-Off of the New Business

Business Ethics for Successful Business

...Business Ethics for Successful Business The article is a descriptive study of an important area associated with consumer behavior in terms of business ethics. The main question highlighted in a holistic form was whether unethical practices in business regarding services become an ultimate cause of business failure. The main aim of any business in today’s world is to attract customers, keep them satisfied and make an effort to retain them. Due to an array of reasons, customers are rational and are aware of their costs and returns associated with an investment. They are also exposed to a variety of...
3 Pages(750 words)Research Paper

Developing Successful Business Teams

...a competent as well as successful team (Singh & Antony, 2006). 5. Conclusion In relation to the above discussion, it has been observed that building strong and productive team has today emerged as the utmost priority for an organisation to attain significant competitiveness in the 21st century business market. However, it has also been observed that an organisation should also need to possess adequate capabilities of understanding the core features of a successful business team. Moreover, taking effective measures on developing team performances is also an important decision for the organisation in order to attain long-term sustainability. In this...
20 Pages(5000 words)Essay

Successful business plan

...? Successful Business Plan [Pick the Executive Summary: Zug Al Arbat captures people who want to avail quality spare parts for their vehicles at low costs. They earlier have been operating under the name of Zubaida tul Arbat as a small automobile workshop. With recent up lift in their funds, they attempted to spread out their services and target the most available market of abandoned vehicles. The idea of combining abandoned cars with new spare parts is as in not a new one, but no one in the Kingdom of Saudi Arabia has as yet attempted this combination (Historic Vehicle, 2012). They have designed their business to halt the speeding industry of car...
6 Pages(1500 words)Assignment

Successful Business Venturer

...What unique traits or personal characteristics will make you a successful business reader To become competitive in the current global market requirespeople and business leaders with a good sense of foresightedness, strong will and commitment, and the gift of persuasion. These traits are parallel to what the book "The 10-Day MBA" proposes in the Leadership VCM Model. According to the author, a leader must have - vision, commitment, management skills (Silbiger, 2005). Successful business ventures have people behind them who are comfortably grounded on the basic principles of doing business but at the same time have the ability to look...
2 Pages(500 words)Personal Statement

Successful Business

.... department comm. High Quality staff Rapid uptake of ideas Median - 50% of sample rated below this value 4.0 3.0 4.0 2.0 4.0 4.5 The median gives us the value of the response which divides the frequency of the distribution into exactly 2 halves. A lower median indicates a higher choice / rank overall. Therefore, the most important criterion for success in business was considered to be 'Efficient communication between departments', followed by 'major shift to computer technology'. 'Rapid uptake of new ideas', 're-investment' and 'sustainability' were less important. 3. Factors which influence being a successful manager Degree level education Communications...
10 Pages(2500 words)Assignment

Getting a New Business off the Ground

...manufacturers to sell her products, she explicitly states in her contracts that she is not liable for the products after they have been installed in the airplane. Thus, if an airplane built with her products crashes, even if it crashes because of a faulty part manufactured at her plant, the contract places all liability on the manufacturer that built and assembled the whole airplane. In this case, Joan would be protected from product liability should she be brought to court. Works Cited Davis, M. (2006). Liability Insurance Definition. Retrieved 2010, from Investopedia: Mauro, M. A. (2004). Sole Proprietorship. Retrieved 2010, from Iowa Secretary of State:...
2 Pages(500 words)Essay

Steps for Successful Business

... Introduction A business always presents challenges from time to time. A successful business is one which takes the challenges face on due to its strongly established set up. The implementation of quality management procedures, provision of childcare at work for female employees, guidance by the supervisors and also flexibility of work can help a business not only be more productive but also provide it with the ability to encounter problems. Strict discipline in quality management along with care, support, guidance and flexibility for the employees ensures the business with trust of its customers along with profitability. An SQM can...
6 Pages(1500 words)Essay

Operating a Successful Business

...Operating a Successful Business Operating a successful business is usually a tedious task faced with many problems and challenges. Addressing the challenges is an aspect involving proper planning and development of effective strategies that would successfully addressing the problem involved. For any individual involved in operating a business, proper understanding of the income and expenses to establish a balance between operating costs and profits realized from sales is very important. From the individual Expense report, there a number of aspects that need to be addressed in ensuring that lasting solution is realized from the various challenges that businesses face. In whatever activity an individual engages in, it is usually... for...
2 Pages(500 words)Essay

Business ethics take home exam

...’ tool. Apparently, nevertheless, much relies on the supposition that Rawls’ two standards of justice are those that would certainly arise from the OP (Rawls 29-35). And Sen is unconvinced that this is so. e. Why for Sen are primary goods not the right measure of people’s disadvantage? According to Sen, the difficulty with using primary goods to measure individual’s disadvantage fall two groups, first, Rawls fails to differentiate between selected and unselected unfairness. This implies an individual that is deprived since she chose to labour only less hours a day will be handled the same manner as an individual who is deprived since she is not capable to earn adequate income even if she attempts. If there is somebody who is well...
4 Pages(1000 words)Coursework

Developing Successful Business Teams

...Developing Successful Business Teams Executive Summary Effective employees are the asset of any organisation. The performance of the organisation depends on the potential of the team members. The report intends to provide a focus on the concept of team and its role on the organisational performance. The models such as Belbin’s have been discussed to evaluate the behavioural strengths and weakness of the team members. The formation stages have also been discussed by the Tuckerman’s model. The conflict management model is presented in the report to settle the arguments in the organisation. The theories have been discussed in the context of Apple Inc. The study concludes that Apple Inc. has been to improve...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Successful Take-Off of the New Business for FREE!

Contact Us