What is a Business Plan? It Is Used to Plan for a New Venture A business plan is often prepared by for-profits, nonprofits or a government agency when undertaking a new venture, which is: Starting a new organization, product or service or Expanding, acquiring or improving any of the above.
Market Segmentation Our market segmentation scheme divides the market into three groups: Target Market Segment Strategy OBRA e-z will target all three market segments with initial focus on the lower- and middle-market software users. That segment will be able to recover their licensing fee in just a few months, and we believe our Windows-driven product will be far more user friendly than those products currently on the market.
The market requires a highly functional product that is cost effective and easy to use. OBRA e-z will provide that. Market Trends According to the U. Census Bureau, America's population aged 65 or older grew by 82 percent between and Between andthis same population grew by 28 percent to a historical high of Currently, one in eight Americans is 65 years of age or older.
And while less than 25 percent of the population is younger than age 15, another 57 percent is aged 30 or older. Clearly, the proportion of older citizens is growing and will continue to do so with the aging of the baby boomers.
The 75 million people born in the United States between and constitute the baby boom generation. Inbaby boomers represented nearly one-third of the U.
Within the next 13 to 34 years, these people will enter the years-and-older age category. As the baby boomers begin to age, the United States will see an unparalleled increase in the absolute number of elderly persons.
While one in eight Americans was 65 years of age or older inin a little more than 30 years, about one in five is expected to be in this age group. Administration on Aging AoA is encouraging planners and policy makers to prepare now for the aging of the baby boomers so that the nation is prepared to meet the challenges that will ensue as this unprecedented large generation begins reaching age We view everyone in the long-term care provider business as potential customers.
Our Enterprise Software Solution will serve the needs of all long-term care providers, both small and large. We will approach the market through internet, print and direct mail advertising, and direct contact.
We are currently negotiating with nine of the most popular health care sites on the internet to include an advertising link to obraez.Aug 06, · And while many business owners cringe at the mere mention of drafting a business plan, it is a great exercise to get your business back on track and to plan for future growth.
In synergistic sales calls, the customer shows genuine excitement, is receptive to your advice and recommendations, and jointly plans the future steps of the sales process with you.
Apr 12, · Tax on the first retail sale of heavy trucks, trailers, and tractors. Manufacturers taxes on the sale or use of a variety of different articles Form - There is a federal excise tax on certain trucks, truck tractors, and buses used on public highways.
BUSINESS PLAN TEMPLATE Table of Contents Executive Summary Vision/Mission Statement and Goals A. Vision Statement B. Goals and Objectives C. Keys to Success Company Summary A.
Company Background B. Resources, Facilities and Equipment C. Marketing Methods D. Management and Organization E.
Ownership Structure G. Internal Analysis Products and/or. Business Relationship Management as an organizational capability, embodying a set of competencies (knowledge, skills, and behaviors) and processes that foster productive value-producing relationships between a Provider (IT, HR, Finance, Sales, etc.) and the business entities they serve.
If you haven’t put your ideas, questions and concerns on paper, then you haven’t given your business model enough thought..
Taking the time to write a business plan might seem like a lot of work but it can save you a lot of time and money in the long-run by better preparing you for potential challenges and opportunities that you’ll face as a first time entrepreneur.