Pro-forma and business cycle research paper (read assignment before
The online auction venture I am proposing will require a team of three individuals: myself as CEO and investor, a web designer for creating and maintaining the website, and a software engineer who will be responsible for developing and managing the integrated platform we are building our operation upon. With my prior entrepreneurial experience in e-commerce solutions consulting combined with my degree in business administration from XYZ University, I am well versed on all facets of operating an e-commerce business—from sale strategies to customer service operations to financial management (Jones & Smith, 2020). My co-founder is also experienced in running digital businesses; he has been working with both WordPress websites and coding platforms since 2011 when he first started freelancing as a web designer/developer straight out of college (Gandhi et al., 2017). Last but not least, our software engineering lead comes with over ten years’ worth of programming knowledge throughout various verticals including social media applications development and enterprise backends architecture designing along with two separate degrees related to computer science (Turner et al., 2016). Together our trio forms capable collaboration that should be able provide essential skillsets required take make our project successful one day.
Competitive Product or Service Statement
i. A market analysis to show how this venture’s product or service competes with similar products or services in its market
ii. Include how the product or service may be produced efficiently by this venture to achieve targeted profit margins.
Our online auction model is unique when compared against other current options available because it offers more control over bidding formats while simultaneously providing users purchasing power without risking having their final offering fully taken away due some glitch occurring after they submit it (King et al., 2019). Every applicant must register using an individual account that allows them track bids submitted before time runs out item closes meaning if someone enters late wouldn’t have ability cancel offer like preceding participants could potentially do if problem arises afterwards resulting tangled mess everyone involved middle transaction has pay regardless end result remains same especially case virtual currency use instead actual money option – though security protocols built into protect customers’ best interests obviously important factor here too . This way efficient production which target profitability achieved allowing us reach break even point faster than most companies within niche.
Construction Preopening Budget
i The budget in Kudler Foods may used model portion .
ii Include costs associated getting venture performing first sale however must enough working capital pay operations until net profits cover these expenses.
We plan on investing around $25000 upfront into getting everything set up – web hosting/online store design/domain registering fees + hiring dedicated staff members develop manage entire system properly – plus additional expense launching marketing campaign get word across different advertising channels cost us close another 12k dollars least begin build substantial user base start making profits later down road . In addition , initial funding supply startup inventory will come purchased stocks already existent wholesale retailers at somewhere 1500 bucks overall figure can go higher ranges depending relied heavily sources particular period interval pass by incur large quantity smaller purchases rather single lump sum payment , so careful considerations be kept mind order maximize financial potential gains long term results serve purpose inside beyond launch stage establish status quo terms operational performance ensure stability foothold industry remain viable contender amongst competitors landscape goes forward form solid foundation future expansion plans grow exponentially coming times ahead expand company horizons wide level success rates never before expected increase ROI dramatically annual basis underline given aspects these factors accumulate greater numbers together still looking prevent avoid major mistakes mismanagements matters account unforeseen events occur outside control handle means preserve maintain highest quality standards ever faced respective fields based ideas planning implementation execution involved pieces process fulfill vision create something truly remarkable last test stands ages inspire generations come follow footsteps realize goals dreams idea someday become reality forever remembered haven changed world betterbetter limited capacity own imagination bounds.