Entrepreneurship business plan free essay sample

Assessment 7: Business Planning (20.0 points) In Unit 7, you learned about forming a company purpose, making a business plan, and doing a SWOT analysis. Now, youll apply what you learned to analyze real companies and develop your own business idea. 1. Visit the Website for a well-known company, and find the unit that states its mission. Then answer the following questions about it. TIP: If the companys Web site doesnt describe its mission, choose a different company. a. What is the name of the company, and what is its mission? (1.0 points) Tennis Warehouse is a company that wants to provide people with the best tennis gear and equipment to get better. b. How does the mission relate to the type of products the company sells? (1-3 sentences. 1.0 points) The products are what make this company possible, if they didn’t sell the equipment they do, the company would be useless. Also, this company sells the best equipment which supports their idea of trying to be the best providers. We will write a custom essay sample on Entrepreneurship business plan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page c. Did anything surprise you about the mission? Why or why not? (1-3 sentences. 1.0 points) No, nothing surprised me about the mission because I have been buying products from them for many years, and know what they strive for in tennis gear. I already know what their mission is and how hard they work to perfect everything they do. 2. Visit the Website for a different well-known company, and find the unit that lists the companys values. Then answer the following questions. TIP: If the companys Web site doesnt describe its values, choose a different company. a. What is the name of the company, and what are its values? (1.0 points) Supercuts, the employees of this company must be patient, understanding and also creative. The values of this company revolve around respect, the patient and employee must respect each other. b. How do the companys values relate to the products the company sells? (1-3 sentences. 1.0 points) This company is service based not product based, so Supercuts is selling haircuts. The haircutters values must be smart, funny,patient and creative. These values will bring customers back for more haircuts, because they paid and were happy for the service they got. c. Did anything surprise you about the compan ys values? Why or why not? (1-3 sentences. 1.0 points) No, in a service based company, the people providing the service must have good values or else their customers will not want to return. People get haircuts every few months, so employees must have good values for their customers to keep returning. 3. Using the business idea you chose in Assessment 6, write a mission statement, vision statement, and list of 3-5 company values. (5.0 points) As a Professional Tennis Coach I want my students to be the best they can be in tennis, i use that mentality to try their hardest in everything they do. I also want to create future tennis pro’s, by training them everyday they can develop their game to get at least a college scholarship. 4. Make a list of at least 4 people you will want to give copies of your business plan to, and explain why you chose each of those people. (2-4 sentences. 2.0 points) 5. Describe at least three characteristics that you want people to associate with your brand. (1-3 sentences. 3.0 points) My work would be service based, I would want people to think of discipline, respect, and total focus when they come to my academy. I also would be selling some products, I want people to think of them as high quality, reasonable priced, and efficient. 6. Do a SWOT analysis for your company. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats. (1-4 paragraphs. 4.0 points) The strengths of my academy would be focused around my juniors winning the tournament they compete in, and practicing 100% all the time. It would be important for them to try hard in every practice so, they know no other way to practice. Also juniors tend to train harder when they know they have tough competition in tournament. All companies have weaknesses, but try to hide it in their strengths. One weakness would be bad coaches, theres always one coach students always hate. I would try to convert their hate into energy. They need to prove to that coach they they are capable of winning, and that coach won’t verbally harass them. Also, another weakness is lazy students, all juniors have bad days, when their legs feel weak and they don’t want to play. I would try to stop this by telling juniors to take a few days off every few weeks. Many opportunities come in academies by talented juniors try the academy out. Some juniors with a lot of potential search for a good academy, I would want every kid who comes want to feel like they could and would belong here. Also, expansion is always risky but can be important. I would want my academy to span across the entire Southern California, I want all the juniors to train together to push each other so they can lla get better. A major threat to my academy would be better academies stealing my students. They might be providing something better or knew that i dont know about. Another threat is rain, if the courts are always wet, then kids won’t be able to train. This is why I chose So.Cal, it hardly rains here, and to the kids it is a mental break so than can have the day off.