Login Create Account
 
Power Your Document

Business Plan: Golf Ball Markers


# 111384
Business Plan: Golf Ball Markers
As a business plan for golf ball markers, this paper details the steps needed to start this business. Specifically, the paper identifies the target consumers, a production plan and a financial approach.
3,291 words (approx. 13.2 pages) | 2 sources | MLA | 2009 United States


↶ Look Inside

Paper Summary:

This paper explains a business plan presented as an innovative idea for golf ball markers. The paper identifies a significant number of potential customer segments, both individual and company entities and uses two pricing structures, depending on the entity it wishes to sell to and on the volume the customer wishes to purchase.
The author describes an operation and production plan, which includes outsourcing to one of the countries in Eastern Europe, specifically either Romania or Bulgaria. The author states that his company will thus benefit from lower production costs, due to lower wages and administrative costs, while still benefiting from the framework of members in the European Union. Furthermore, the business plan describes a sustainable financial approach, which the author states will allow his company to concentrate on creating the appropriate competitive advantages and building a sustainable market share that that will increase profits in future years. The author also shows a risk evaluation and a profit loss statement for the business.

From the Paper:

"Our production will be entirely outsourced to one of the countries of Eastern Europe, either Romania or Bulgaria, although we are not at the present moment excluding any of the others. There are several reasons for choosing one of these countries. First of all, they have recently joined the European Union in January 2007 and, as part of their accession conditions, they have put in place a legislative framework that makes doing business in these countries similarly simple as in any other country of the European Union. The administrative procedures needed to open a company are still reasonably few.
"On the other hand, Romania and Bulgaria are countries in need of foreign investment and provide cheap, but highly qualified labor. The average salary in Romania is somewhere around 500 euros, which is still very low compared to the Western countries of the European Union. The low salaries that we would pay in these countries are going to significantly decrease our production costs and make us more competitive on the market."

Sample of Sources Used:

  • Examining Risk Priority Numbers in FMEA. ReliaSoft. Volume 4, Issue 1. On the Internet at http://www.reliasoft.com/newsletter/2q2003/rpns.htm. Last retrieved on May 18, 2008.
  • http://www.sixsigmaspc.com/dictionary/RPN-riskprioritynumber.html.

Cite this paper

APA Citation:

Business Plan: Golf Ball Markers (2012, February 09). Retrieved February 13, 2012, from http://www.academon.com/Business-Plan-Business-Plan-Golf-Ball-Markers/111384

MLA Citation:

"Business Plan: Golf Ball Markers" 09 February 2012. Web. 13 Feb. 2012. <http://www.academon.com/Business-Plan-Business-Plan-Golf-Ball-Markers/111384>




ATTENTION:

Your browser does not have cookies enabled.

Our shopping cart will not function properly.
Downloadable version: $ 56.95
ADD TO CART »
You will be able to download, read and edit this file once you buy this document
Shopping Cart
Currency:
AcaDemon.com is that one place
Published by:

ABCs US
Publisher Since:
Jan 12, 2009
We've been in the business of writing for over 20 years and have an excellent track record with our customers. Papers from our company conform to the highest standards, are original and unique, and very well-written.
Seller Assistance
Share Our Success