Research Proposal sample - Small Business Plan

Free
College
Research Proposal
Business
Pages 4 (1004 words)
Download 0
The business plan in the given scenario requires a comprehensive plan covering the business entity structure, marketing, operations, human resources, purchasing, and production plan. It would be advisable for the company to follow a sole proprietorship ownership structure. …

Introduction

The aim and objective of any business is to maximize the return from operations of a business. The business structure in this case will have to be a sole proprietorship. Though there will be a complete organizational chart and hierarchy with the division of task and responsibilities, the business will be owned single-handedly in order to reduce the income tax expenses that the business will have to bear. A partnership structure will result in partnership profit taxes too and thus sole proprietorship will be the best structure for this case.
Though there is the concern of risk management in this scenario, the division of profits and the responsibility assignment, it has to be considered that the entity needs a stable structure in the first few years of its operations. Stability in the structure can be maintained by a smaller board – a sole proprietor – running the company in tandem with the other partners without any structural interference. The business operations would be easier to converge and manage if there is single ownership of the business.
In spite of the fact that there could be succession issues in the business upon the death of the sole proprietor, it is necessary to go on with the sole proprietorship format. The safeguard here can be a contract between the partners can be of loaning the sole proprietor the funds for the business for which they can claim the original amount they invested in the business.
...
Download paper
Not exactly what you need?

Related papers

TO PLAN A SMALL BUSINESS
It’s a time tested fact that every business when it is founded starts on a small note and then grows with time, in order to gain sustainability and maintain competitive advantage in the marketplace. The small businesses are started by identifying and fulfilling the needs of the customer while starting with a very small seed capital. In a similar note, to fulfill the needs of the needs of the…
15 pages (3765 words)
Small business plan
Personal celphone users can be a profitable segment in the market given their sheer size. II. The marketing orientation that the business will follow and why you have chosen that particular path.  Marketing orientation is “an approach to business that centres its activities on satisfying the needs and wants of its customers” (Pearson 2008). By following this approach, all the activities of…
Small Business Plan: L'Oreal
Being a responsible citizen of my country, I have developed a business plan for a new product “Dandruff at bay” which is the anti-dandruff shampoo. The product will be launched by the company L’Oreal as it already has a strong presence in the market. The head office will be located at Suite # 31, first floor, Dolmen Mall, Clifton, Karachi and all the distribution will be done by Vikor…
7 pages (1757 words)
BOOKKEEPING SERVICES Small Business Plan
The small businesses usually appoint accounting firms for maintaining financial transactions of their business operations effectively and in a cost effective manner. Table of Contents Executive Summary 2 History 4 Description of the Business (Bookkeeping Services) 4 Definition of the Market 5 Description of Product or Services 6 Management Structure 7 Objectives and Goals 7 Financial Data 8…
5 pages (1255 words)
Small business
Did you use a survey/questionnaire? If so, you may like to attach a copy of your survey/questionnaire to the back of this plan.] 11 Market targets[Outline your planned sales targets. What quantity of your products/services do you plan to sell in a planned timeframe? Are they monthly or yearly targets?] 11 Environmental/industry analysis[Detail the results of the market research you have performed.…
4 pages (1004 words)
Small Business
Because of the failure South African economy has lost more than R68 million over the period of 1997 to 2000. A study also in Canada shows that 68 % of small and medium enterprises with fewer than five employees, failed within five years. The reason for failure of businesses includes the following areas of concern:…
18 pages (4518 words)