Thursday, February 27, 2014

Trade Show Business Plan Project


Trade Show Business Plan Project
Create a business plan for your trade show company.  This document should impress the person who reads it! Create a word processed document that gives information about the following:
  1. Executive Summary
  2. Business Description
  3. Market Analysis               
  4. Marketing and Distribution Plan
  5. Personnel and Management
  6. Exit Strategy
  7. Financials
Executive Summary #1
  • Sell your business idea in 1 page
  • Most important information
    • Written last
Business Description #2
  • Mission Statement
  • Specific Goals
    • Must be measurable, Include #
  • Short Description of Product/Service
  • Company Strengths
    • Why should I invest in your business?
  • Differentiation Strategy
    • How are you different/better?
  • Legal Form of Ownership
Market Analysis #3
  • Target Market
    • Demographics/Psychographics/Geographics
  • Market Research
    • Focus Group
  • Market Share
    • $10,000 market
  • Competitors
  • Industry Trends
Marketing and Distribution #4
  • Detailed Product/Service Description
  • Retail Outlets/Locations 
  • Distribution Plan
    • Describe distribution channel
  • Pricing Strategy
    • Quantity/Value/Low- Competitive/Mid Range - Prestigious/High
  • Margin
    • Gross Margin based on Retail price. Equation- (Retail Price - Cost) / Retail Price
  • Promotion Plan
    • How will you get information to customers?
Personnel and Management #5
  • Management Team and Personnel (employees)
    • Description of why you are a strong entrepreneurs
  • List of key supporters:
  • Lawyer
  • Accountant/Banker
  • Mentor- List and why the will be good mentors.
Exit Strategy #6
  • The ultimate destiny of the company.
Financial Plan #7
  • Funding Strategy
    • Who is going to pay for your expenses?
  • Projected Start Up Cost Amount- List Items
  • Profit Loss Projection
    • Use Worksheet as guide
  • Break Even Point
    • How many units do you need to sell to break even?
  • Cash Flow- How much will you have in your bank account to spend?