There is a “Vitamins (any type you want/supplement)” type of product you want to create
you know that it would not be prudent to run a business without a plan, you decide to begin addressing the items below:
-What type of business organization? (Sole proprietorship, partnership, corporation, LLC) Why?
– What type of organizational structure? (Simple, functional, divisional, etc.) Why?
– Locate a manufacturer to produce your product, and provide the name, address, phone, website, etc. for the company. You must make it known to the manufacturer that you are planning to sell the products under your own brand name. (It must be a real company.)
– Decide on a name for the product.
– Get the actual pricing for your products. (You will need to also ask what the minimum order
quantity [MOQ] with be.)
– Determine how much you will charge for your products. Explain your pricing strategy.
– Where will your market the products? (Which country and, if in the U.S., which area.) Why?
– Will you sell wholesale or retail? Why?
– Develop a budget for your product(s).
Deliverables:
(1) An informal plan that provides a detailed description of the business that you will create.
(2) The plan should include the strategies and a projected budget. (3) You should provide as much detail as possible.
(4) You should provide a rationalization for your strategies.
(5) There is no set limit for the number of pages.
(6) Your plan must have a cover page containing your name and the name of the product and/or company.
(7) The pages must be numbered.