Business Planning Essay

Submitted By dvoorharrison
Words: 6260
Pages: 26
Open Document
BUSINESS PLANNING 2012-2013

HD SPORTS

Table of Contents

Cover Page…………………………………………………………………………………….Page 1
Table of Contents…………………………………………………………………………..Page 2
Chapter 1 (Company Description)…………………………………………………..Pages 3-4
Chapter 2(Management Team)……………………………………………………….Pages 5-7
Chapter 3 (Product and Service Plan)……………………………………………..Pages 7-10
Chapter 4 (Vision and Mission Statements)…………………………………….Page 11
Chapter 5 (Industry Overview)……………………………………………………….Pages 11-14
Chapter 6 (Market Analysis)…………………………………………………………..Pages 15-18
Chapter 7 (Competitive Analysis)……………………………………………………Pages 18-20
Chapter 8 (Marketing Plan)…………………………………………………………….Pages 20-23
Chapter 9 (Operational Plan)………………………………………………………….Pages 23-25
Bibliography…………………………………………………………………………………..Page 26

Business Planning Final Paper
I plan to start a sporting goods store located in a couple locations throughout Long Island. The business is going to be based in Great Neck. Although there are a few sporting good stores in Long Island, I plan to make the prices of my products cheaper than the others. I think that by doing this, I can make my business more successful than the other sporting good stores throughout Long Island. Also, I want to sell products for unique sports such as archery, croquet, cricket, fishing, bowling, and boxing, as well as the more basic sports like baseball, basketball, soccer, tennis, hockey, football, and lacrosse. The name of the store will be HD Sports because the products I plan on selling are going to be sold at a better price as well as better quality, just like HD Television has better quality than regular television. The goal of my new business is to sell new products relating to sports that aren’t very popular, but are on the rise. The main sport that this idea relates to is lacrosse. I want to satisfy my customers that are buying my products and make HD Sports so popular that all the other sporting good stores located in Long Island will begin to struggle, or even go out of business. The people this store will be targeting are mainly teenagers that are primarily interested in lacrosse, but also interested in other popular sports like basketball, baseball, soccer, tennis, and football. I want to get this business to an early peak and I hope to keep it there. I think that now is a good time to open up a sporting goods store because I know many people in Great Neck that play lacrosse, and have to either order their equipment online because the sporting good stores don’t have very good products in terms of quality, or have to travel a good amount to find a store that sells quality lacrosse products. I plan to sell quality lacrosse products at a decently low price so that it’s more convenient for Great Neck customers and so I can assure that customers will go to my store because the prices are lower. The products that I am going to sell will not only make you look good, but they will make you play better! The main reason I think that HD Sports will be more successful than the other sporting good stores located on Long Island is that my store is more unique than the rest. Other than my wide variety of sporting goods for each sport that are sold throughout my store, I also am going to have an online website where you can buy all of the products that are for sale in the store. I want to advertise my sporting goods store as much as I can. If it is possible, I would want a famous athlete on my commercials on television, just like Nike has with Lebron James and Adidas has with Derrick Rose. I believe that this will really help improve my business because teenage athletes look up to and admire these famous athletes on the commercials. They want to be just like them when they are older. This should help attract more customers. I also want to advertise my company with signs and posters all over stadiums and arenas, which helps attract fans and spectators of these sports teams to my business. I think that if
Show More

Related Documents: Business Planning Essay

Business Continuity Planning Essay

P3.1 -DATA PROTECTION TASK 1 - PRODUCE A REPORT DESCRIBING THE RISKS AND THE MEASURES EMPLOYEES/EMPLOYERS NEED TO CONSIDER WHEN DEALING WITHIN DATA HELD Legal issuesData protection ActData protection act is a Law created to protect information and data as During the second half of the 20th century many businesses, government and organisations started using computers to keep information about their customers as well as employees on either spreadsheets or databases. Some of the information they…

Words 1931 - Pages 8

Winning: Business Continuity Planning Essay

(NOC) • Secured Monitoring Location • Qdata had not been quick to invest in advanced technology and had been experienced difficulty in retaining staff PEOPLE BOB Turley- CIO Joanne Ripley – technical operations team lead Wanda Spangler – VP business developments Leon Ledbetter – Ops Jack Samuelson – CEO Tim Mandel – CTO Peter Stwart – legal counsel • 4:31 AM: Leon Ledbetter reports the website is locked up, customer support is receiving calls and support has been getting “ha” emails…

Words 966 - Pages 4

Essay about Business Planning Basics

Business Planning Basics Business Planning Basics A business plan is much like a roadmap for a business; a roadmap is a guide that directs to a destination, and so too does a business plan accomplish the same task, by detailing and explaining the goals of the business, attempting to guide the business to achieve said stated goals. But, just as no two businesses are exactly alike, no two business plans are alike, nor their preparation, drafting and composition, for it will be unique and specific…

Words 583 - Pages 3

Unit 5 Planning Business Events Essay

Unit five: Principles of supporting business events Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document, either onto your computer or a disk • Then work through your Assessment, remembering to save your work regularly • When you’ve finished, print out a copy to keep for reference • Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly…

Words 890 - Pages 4

Essay BIBM678 Strategic Planning For Small Business

BIBM678 Strategic Planning for Small Business Assessment 1 A Strategic Plan for Gifts Gallery By: Yolanda Yu/13389472 Date: Friday 13th March, 2015 Course Lecturer：Dhammika Silva Word Count: 1, 287 Table of Content 1. Introduction to the business 1.1 Name of the business A new physical store, Gifts Gallery, is to be founded for selling well-designed gifts in the City Central of Hamilton. 1.2 Purpose of the business The long-term direction that I have determined for Gifts Gallery is to…

Words 1463 - Pages 6

Maggie: Marketing and Business-level Strategic Planning Essay

Global Business Strategy Week10 Business-level Strategic Planning Learning Objectives • Types of business-level strategies – Porter’s typology – Miles & Snow’s typology – Product life cycle • Business-level strategic planning – Value-chain – Strategy clock Week 10 2 Porter’s Competitive Strategies • Overall cost leadership – Supply the same product or service at a lower unit cost than competitors • Differentiation – Supply a product or service of which one or more…

Words 944 - Pages 4

Business Continuity Planning and Data White-hat Hackers Essay

Grey-box testing Risk Management - Directly affects security controls BCP - Is not part of quantitative risk assessment Primary components of Risk Management - Reduction, Avoidance, Mitigation Planning for Disasters - part of business continuity management (BCM), which includes both: BCP and DRP Business Impact Analysis (BIA) - determines the extent of the impact that a particular…

Words 628 - Pages 3

Essay on Network: Business Continuity Planning and Best Practice Result

system Business Continuity Planning Lab #6. A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes. A business continuity plan is a roadmap for continuing operations under adverse conditions such as a storm or a crime. A disaster recovery plan, is a plan for business continuity…

Words 643 - Pages 3

Management Practices In The Workplace

PRACTICES MANAGEMENT PRACTICE Abstract This paper will explain how good management practices of planning, leading, organizing, staffing, and controlling are implemented into the workplace. It will analyze the application of these management concepts to the workplace. Including specifics of how five functions are practiced in the workplace. Applying the five functions can only improve any business that is willing to accept changes. At the time it was not known that the Boutique was using the five…

Words 1894 - Pages 8

Section 6 Lecture Audit Planning And AP Essay

Section 6 – Audit Planning and Analytical Procedures image source: Figure 13-9 from Arens, Elder, and Beasley, Auditing and Assurance Services: An Integrated Approach, 15th ed Page 1 Section 6 – Audit Planning and Analytical Procedures Planning the audit  AICPA Principles of Performance: “The auditor must adequately plan the work and must properly supervise any assistants”  Why plan? 1. 2. 3. Page 2 Section 6 – Audit Planning and Analytical Procedures Early Audit Planning Aids in Risk Assessment…

Words 685 - Pages 3