Business Description

 

Apply the concepts of mission and vision to create your Business Description, Vision Statement, Mission Statement, and Personal Motivation.

Business Description

This section describes what the proposed business will do and what products or services it will produce or deliver to the customer. This should be specific and fully describe the business for the reader.

Vision Statement

As the founder of the business, it is your vision that becomes reality in the form of a new venture! You are creating something new. This section should be a statement of what you visualize the business to be at some definite point in the future based on present realities. This represents your vision of what the proposed business could be in the future based on what you currently know.

Mission Statement

The mission statement is a guiding document in the life of a business. It states the reasons for the existence of the business and the principles that you intend to apply within the operation of the business. This section should represent a succinct statement detailing the reason(s) for the business’ existence and the guiding principles of the business. This statement should be short, succinct, and accurate.

Personal Motivation

While not usually a part of a business plan, this section has been included both as the instructor’s assessment of your motivation and as a self-reflective exercise as you examine why you want to start and operate your own small business. This section should represent a personal reflective discussion of why you want to own and manage a small business in at least 100 words. Starting a new business involves making many decisions! Since it is critical that the entrepreneur make good decisions, it is a good practice to approach decision making in a consistent and orderly way. In this section, you should briefly discuss your motivations for wanting to own and operate your own business and how you could use each of these decision steps in your own planning process.

Sample Solution

The firm description is usually included immediately after the executive summary in most business plans. The purpose of the business description is to give an overview of the company, including what it does and how it differs from others in the same industry. This description goes into great detail about the company. It includes information like as the company’s location and the number of employees who will be employed, in addition to detailing goals and how they will be reached. It also provides a detailed description of the company’s vision and goals, which aids lenders and stakeholders in forming a realistic picture of who and what the company is.

peak cost 2005-06 1786525 2006-07 1864301 2007-08 1972606 2008-09 2048286 2009-10 2222758 2010-11 2388768 2011-12 2616101

2012-13 2871120 2013-14 3129717 2014-15 3339375

India’s different economy draws in high FDI inflows because of its gigantic market size, low compensation rate, goliath human resources (which has benefited immeasurably from reevaluating of work from created nations). Inside the gift decade India has seen unexampled degrees of monetary augmentation and furthermore seen sound development of exchange. Total national output mirrors the potential market size of Indian economy. Potential market size of Associate in Nursing economy are regularly estimated with 2 factors for example GDP (the GDP) and worth (the net public product).GNP alludes to a definitive worth of the relative multitude of items and administrations made and web issue monetary profit achieved from abroad. The word ‘gross’ is utilized to point the valuation of the public item along with deterioration. Total national output is Associate in nursing unduplicated complete of monetary upsides of item produced in differed assortments of financial exercises all through a given sum, for example one year. It’s referred to as homegrown item because of it’s the value of extreme product and administrations made locally among the country all through a given sum for example one year. Hence in intentional sort GDP= GNP-Net issue monetary benefit from abroad. In India total national output is determined at esteem and at issue cost. GDP at esteem is that the absolute of market upsides of all a definitive product and administrations made inside the homegrown domain of a rural during a given year. Additionally, total national output at issue cost really depends on the GDP at market costs short circuitous assessments and appropriations. It’s known as total national output at issue cost because of it’s the summation of the monetary profit of the elements of creation

Further, GDP are frequently measurable with the help of either (a) Current expenses or (b) steady expenses. Assuming homegrown item is measurable on market costs, it’s called GDP at current expenses. On the contrary hand, assuming it’s determined on base year costs winning at some motivation behind your time, it’s called total national output at consistent expenses. 2.1.2 TOTAL (TRADE GDP): It alludes to the full exchange as portion of significant worth. All out exchange infers absolute of complete commodities and all out imports. Exchange, one more informative variable inside the concentrate conjointly influences the financial course of the country. The upsides of products and imports region unit taken at consistent expenses. The association between exchange, FDI and development is standard. FDI and exchange region unit motors of development as mechanical dissemination through worldwide exchange and internal FDI invigorates monetary interaction. Information and mechanical overflows (between organizations, inside businesses and between ventures and so forth) adds to development by means of expanding usefulness level. Monetary cycle, if inside the style of commodity advancing or import subbing system, will extensively significantly affect exchange streams. Trade gem rectifier development brings about augmentation of products that progressively advance monetary cycle by expanding the market size for emerging nations. YEARS TOTA

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