12 Page, Partial Business Plan: "UpperCuts" Barber and beauty supply distributor. Turnitin Plagiarism enabled by instructor!

Organizations require solid business plans to enhance their performance and sustainability in the industry. The proposed organization name is UpperCuts. The organization will deal with the distribution and supply of barber and beauty products. It will also offer other services such as beauty care to its consumers in its objective of maximizing returns.

UpperCuts will be a partnership. It will consist of two partners due to the benefits associated with this business industry. Partnerships have few legal implications. Their taxation rates are low. The partners share the profits based on the partnership agreement that guides the business operations of the company. However, the partnership is prone to various setbacks. First, the partners have unlimited liability. In the case of debts, the partner’s property can be auctioned to repay the debts owed to other creditors. Potential differences or conflicts may result in total failure of the business. Each partner acts as a party to the company. Any transaction made by any associates makes the other partners liable for such actions. However, it is desirable to have a partnership agreement to guide the business operations of the company. Hence, the reason for partnership is beneficial to the proposed business. The business will have a physical and virtual location. However, most of the transactions will be done online. The business will be located in San Diego. The location has a huge number of young people who are the primary targets of this beauty industry. The location has access to other markets. However, the establishment of an online platform will enhance its access to other global online markets. Customers will order products using the online websites. Shipping will be given to consumers depending on their preferred means. Consequently, UpperCuts is expected to increase its sustainability and profitability in this large beauty supply industry.