Week 5 discussion

For this week’s discussion, respond to the following:

Start with a brief overview of your business: company name and what you are selling (a maximum of 3 sentences).

How does your business work? Describe the day-to-day flow of activities necessary to deliver your product or service to customers. Wherever applicable, identify costs. Be sure to address the following, as applicable to your chosen business in the response, using headings:

·
Facilities.

· Describe the facility, including its location.

· Specify whether it is rented or owned; include any associated costs.

· Estimate the cost of utilities, such as water/sewer, gas, electricity, and trash removal.

·
Production Process/Description of business operations.

· Describe the production process (how you will produce the product) or describe how your business will operate if this is a retail or service company.

· Identify the equipment, furniture, vehicles, etc. you will use and associated costs.

· Explain your approach to quality control.

· Explain your approach to inventory, as applicable.

·
Personnel Needs

· Specify the number of employees you plan to have, including managers.

· Identify their roles, wages, and/or salary.

COMPANY GUIDELINES

· You will create a business plan for a
for–profit startup company of your choice and you must adhere to the guidelines in this document.

· You will be the CEO of the new business.

Key Business Plan Parameters

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