Business Strategy to “win” the Market – Business Management Assignment Help

Assignment Task

Task

Assignment-Feasibility Plan:

The Feasibility Plan is where you lay out your business strategy to “win” the market.You use it to convince investors that your business will make money. Site or location (physically or online) is a major component of this strategy because it has such a strong influence on the attractiveness and cost of your overall strategy. Unless you are in a brand new market,or an existing market that is growing, the only way you can establish yourself is by taking business away from the competition. Investors want to know that you have some kind of advantage over direct competitors and that indirect competitors can’t influence the outcome.They will scrutinize this section to see if your market potential is real and ensure that your sales forecast is not inflated or “too optimistic”.

Task 1:

1. Prepare a sales Forecast for your business plan– Make as many sales forecast estimates as you can, using different methods. Rank the different estimates to show the range of sales you might expect. 
2. From the information above, choose or calculate a single conservative estimate of sales that you will use for planning your business. Explain your choice.