Analysis of Business Planning Research Paper Example | Topics and Well Written Essays - 2000 words

Analysis of Business Planning - Research Paper Example Business plans have both weak and strong components that are unique to respective plans and businesses.     The plan focuses on a beauty and hair salon called Trend Setters Hair Studio. It begins by presenting an executive summary of the salon business. The mission and motto of the salon are equally mentioned (B Plan, 2012). After the introduction, the plan provides essential keys to the successes of the salon business. A summary of the company that includes a summary of how the company began operations is present in the summary. The business plan on Trend Setters Hair Studio later reveals the products and services within the business. These include hair (weaves, and relaxers), nails (manicured and sculptures) and skin care (waxing and massages). The plan also offers a summary of the strategy and implementation of diverse strategies of the company. This aspect of the plan mentions the approaches that management should take to address the problems that may arise from competitors. The management of the salon equally presents figures for their projected sales in the next three years (Becherer & Helms, 2009). The business plan presents milestones of the salon business that includes details of salon activities.      For example, necessary finances in the running of the salon business are mentioned. The projected cash flow in the salon business is equally presented in the plan. Finally, the plan has an appendix that explains most of the figures in the business plan (Bangs, 2002). Brian's Book Barn Business Plan This plan focuses on a book barn business that dates from May 1998. The plan begins by describing the business in a clear manner. It states that the business is a store that deals with books and magazines (Canada / British Columbia Business Services Society, ND). It is located in Ladbrokes and aims to promote the culture of reading to members of this community. The plan also suggests that the community where such an organization is situated lacks such a business. This means that the business is likely to flourish because of minimal competition. The plan reveals the ownership and management of the book business. The owners are a couple, Brian Paige and Novella Reid. According to the plan, B rian has relevant experience because he previously worked with bookselling organizations. His wife has a certificate in retail management with 30 years of experience (Canada / British Columbia Business Services Society, ND). The initiatives and objectives of the business are also evident in the plan.  Ã‚