Place an order for your academic papers, assignments and study assistance. Our reliable paper writing service and research assignment help online ensures timely delivery of high-quality essays, answers, analysis and presentations, tailored to your specific course needs and requirements.
Posted: February 15th, 2023
HOST 2053: Tourism Management Capstone
Group Contract & Business Plan Concept Assignment
Business Plan PART A
DUE: Week 6 (20%)
*Your business idea needs approval before you start working on Part A
Submit your idea by week 3 in D2L Brightspace (in the assignments section)
Once you created your online account with Futurpreneurs Canada, you are ready to use the Business Plan Writer! Work on your Business Plan using the interactive platform. Make sure you save your work and download the Word document to your computer to format or add any additional information required.
For Part A, use Modules 2,3 and 4 and the guiding questions in the Business Plan Writer to help you complete the following sections:
A. Company Profile (9%)
*All the information needs to be realistic and focused on what you will do!
a. Business Overview (2%)
• Business description (location, type of business, etc), compelling value, product/service description, customer description, and any other important information to summarize your business
b. Management (1%)
• Who are the owners of the business and their qualifications?
c. Location (1%)
• What location will you run your business from? Why does this make sense?
*An actual location for lease is needed with address and cost/month info
d. Legal Structure (1%)
• What is your company structure? Why did you select this structure?
e. Vision and Mission (2%)
• Vision: what is your grand purpose? (How will you add to the community/world? Where do you see yourself in the future?)
• Mission: What is your daily purpose? (How will you achieve your vision?)
f. Goals and Objectives (2%)
• What are the business milestones that you want to set in order to meet your Mission and Vision? (remember objectives meet Goals and they all have to be SMART)
B. Market Research (11%)
a. Industry Profile & Outlook (3%)
• In this section you’ll discuss how your industry works, the market size, and industry outlook.
*Use the IBIS Reports for your industry/sector in Canada for this section!
b. Local Market (2%)
• How many businesses offer the same product/service in your local market?
• What is the profile of the population in your local market?
c. Key Competitors – SWOT (4%)
• You’re likely not alone in the marketplace, therefore it’s important to acknowledge who your business is competing against.
• Identify 3 competitors and complete a SWOT for each (use references to support the information you provide: ex – business website, TripAdvisor, etc)
• Complete your own business SWOT – describe what your strengths and opportunities, threats and weaknesses are in light of what you learned about your competitors
d. Target Market (2%)
• In this section you’ll pinpoint who your key customers are. You’ll establish a customer profile and a target geographic area for launch.
• Describe your Market Segment. What are the shared characteristics of your target market? (Needs, wants, demographics, lifestyles, personalities, aspirations, psychographics, etc.)
• You may use the PRIZM categorization by Claritas to categorize and identify your target market.
*Make sure to always save your online work in the Business Plan Writer
**Download your work as word document from the Business Plan Writer
SUBMIT:
An MS Word Document that includes all details needed for this part of the business plan.
Don’t forget to include APA in-text referencing/citations and update the reference list!
Place an order in 3 easy steps. Takes less than 5 mins.
Each Student Wants High Quality and That’s Our Focus
An online hub of writing bishops' experts. We select the best qualified writers to join our team. These writers are recruited based on their college graduation grades, exceptional writing skills and ability to convey complex ideas in a clear manner. They each have expertise in specific topic fields and background in academic writing. This expertise enables them to provide well-researched and informative content that meets the highest standards.
In appreciation of the fact that our clients are majorly college and university students, we offer the lowest possible pricing while still providing the best writers. This approach ensures that our clients receive high-quality content and best coursework grades without breaking the bank. Our costs are fair and reasonable compared to other custom writing services in the market. As a result of maintaining the balance between affordability and quality, we have established ourselves as a reliable choice in the industry.
You will never receive a final paper that contains any plagiarism or AI use similarity index. Our team of professional writers and editors is dedicated to ensuring the originality of all content. We scan every final draft before releasing it to be delivered to a customer for submission in safeassign and turnitin. This rigorous process guarantees that the work meets the highest standards of academic integrity.