Developing and Managing the Enterprise Essay Example | Topics and Well Written Essays - 3250 words

Developing and Managing the Enterprise - Essay ExampleFalling inwardly the domain of entrepreneurship, small businesses need to have a good financial intent prepared in order to streamline the resources required to start a new business. For this purpose, a good financial plan is the crucial document which needs to be prepared wisely and as far as accurately in order to suss out that those who express their interest to finance the business must have a very clear idea of the resources required to successfully start the new business.This financial plan is creation prepared for a small cookie manufacturing business involved in preparing and selling the same to a large chain store through its various stores located all across the state. Before attempting to depict the financial plan, it is very important that the financial plan must outline some of the assumptions which would be interpreted into account while preparing the financial plan so that all the calculations made are justifie d.Our proposed business is way out to work in retail industry. Though the industry for cookies exclusively has not yet developed even since most of the time they are being sold mostly through the retail stores therefore on broader terms, this product belong to retail industry.The recent trends in this business suggest that there is a increment trend in consumers shopping at the retail chain stores. Since these chain stores develop their own mark off names as well as customer loyalty therefore the businesses which sale their products to these chain stores as well get the exposures to their brands.On the whole industry is very lucrative, have good margins however there is a growing stress being placed on follow reductions as large chain stores ilk Wal Mart tend to buy at low prices therefore virtually forcing the suppliers to remain within their cost limits. This fact can alone dictate that in future, due to cost reductions, the margins for this business may augment and effici encies gained.Customer AnalysisCustomers in this sort of business tend to develop their tastes on some fact brands and they prefer to buy their own brands. Therefore a good customer analysis is very incumbent for the success of the business. (www. market placewise.net, 2008)There are various brands available in the market for cookies and each have their own market share however what is important to understand is the fact that most of the transactions are done in cash ensuring that the business have enough liquidity available in their business. This not only ensure that business has its funds but also help the business to have less reliance on the external funds.Further, it is of very important,