There are hundreds of public agencies in the target region, including cities, counties, transportation boards and state agencies.
Strategic Analysis with current research! The Company was founded by John Doe. The business will generate highly recurring streams of revenue from both businesses and residences that use the Waste Management business for their refuse removal needs.
At this time, Management is sourcing the two trucks that it will lease in order to provide services to its customer base. The third section of the business plan will further describe the services offered by Waste Management, Inc.
The interest rate and loan agreement are to be further discussed during negotiation. The financing will be used for the following: Doe has more than 10 years of experience in the waste management industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals and businesses within the target market.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of Waste Management, Inc. Based on historical numbers, the business could fetch a sales premium of up to 6 times earnings. However, with recent fuel costs rising, the premiums for waste management businesses have declined due to the volatility of the oil markets.
It should be noted that Mr. Doe intends to operate this business for a significant period of time, and a potential exit strategy would not be executed for at least five to seven years.
The business will generate substantial fees from housing communities and home owners associations that contract Waste Management, Inc. The business will also generate significant secondary revenues from the ongoing hauling of large items such as couches, refrigerators, and other large items that require special handing and disposal needs.
Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. A primary concern for the Company is its ability to price its services affordably during times of economic recession or spikes of oil prices.
The price of oil and its associated refined energy products have reached multiyear highs. While this is a concern for the business, it is a risk and an issue faced by all other businesses as well.
Doe will continue to increase prices at a standardized rate of markup to ensure the profitability of the business. The industry is a mature, and the expected future growth rate is anticipated to equal that of the general growth of the US economy.
The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of Waste Management, Inc.
The Company will maintain its listing in the Yellow pages, create marketing campaigns within local newspapers, and promote the business through word of mouth advertising.
The business actively advertises its affordable contracting services. As the Company expands, the business will upgrade the website to include higher levels of functionality and support. Additionally, Management intends to continually develop a number of referral and contractual relationships within among municipal agencies, commercial enterprises, and housing communities.Explore Ashford University's online Business Administration degree courses and classes covering areas of management, leadership, and more.
How to Write a Business Plan for a Small Business. In this Article: Article Summary Preparing To Write Your Business Plan Writing Your Business Plan Finalizing Your Business Plan Community Q&A A business plan refers to a written document that comprehensively outlines what your business is, where it is going, and how it will get there.
When writing the business plan, the Management Plan section describes your management team and staff and how your business ownership is structured.
People reading your business plan will be looking to see not only who's on your management team but how the skills of your management and staff will contribute to the bottom line.
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The following outline is provided as an overview of and topical guide to management. Business management – management of a timberdesignmag.com includes all aspects of overseeing and supervising business operations.
Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing.