mgt 402 entrepreneurship and small businesses 1
Start-up Business Plan
Assume yourself as an entrepreneur of a small-scale business in Saudi Arabia.
(In Continuation to the Assignment -2) Attached
4. Products and Services
a. Describe in depth your products or services. (Technical specifications)
b. What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features.
5. Marketing Plan
a. Market Research- Why?
b. Market Research- How? Primary or Secondary Data?
c. In your marketing plan, be as specific as possible; give statistics, numbers, and sources. The marketing plan will be the basis, later on, of the allâ€important sales projection.
â€¢ Describe the most important features. What is special about it?
â€¢ Describe the benefits. That is, what will the product do for the customer?
â€¢ Identify your targeted customers, their demographics
â€¢ What products and companies will compete with you?
â€¢ How will your products or services compare with the competition?
â€¢ Outline a marketing Strategy.
â€¢ How will you promote your Product?
â€¢ What will be your promotional budget?
How do you sell your products or services?