Assignment 4: Business Plan--Final

 In your Balance Sheet, go to Total Fixed Assets and enter $120,000.  There is no need to list the Fixed Assets.

Your Cash Flow statement is incomplete. The zeros have not been replaced with your company information.

Nice work describing the research and development activities at your business. These activities are key for the development of the business and for staying competitive. R&D helps with creating new and innovative products and improving old ones. It also focuses on cost reduction and marketing. Marketing will highlight the new and improved features of a product to attract more customers.

Great work! Your technology plan is clearly explained and includes information from the NAB Company portfolio as well as additional information based on your company's needs. Investors want to see that you understand the nature and scope of your technology needs and that you have planned adequately for your hardware/ software needs.

Great work discussing the management team and explaining the role of each individual. People are key for the success of every business. Investors may make their investment decisions based on the strengths of the people involved in a business. Experience, skills, and personalities of the people in an organization influence the success of that organization. Developing a strong management is key and the management style is also important for the overall organizational climate and success.

Nice work describing ways in which your company is committed to being a good corporate citizen. Being a good corporate citizen is important for a company's brand and reputation. Consumers respect and stay loyal to companies that care about their communities and the environment. Excellent plan to mitigate the negative impacts of your company's activities on the environment! Making your business environmentally friendly not only benefits the environment but can also save you money (recycling can reduce your costs), can be a competitive advantage (attracting customers who have the same interests and values), and improves sustainability (less dependent on natural resources). Great work discussing the health claims related to the product your are making. I really enjoyed reading the strategy you developed for you company to address these health claims. Companies must clarify any health claims they make or identify any potential issues related to the product, whether positive or negative. Evidence and research must support any positive claims. The companies must be able to defend any claim and clearly identify any potential issues related to the consumption of the beverage. Safety should always be the number one priority. Each company should have a plan in place to mitigate any negative issues, which can negatively affect the reputation of the company, and then sales. Great work!

Excellent work outlining the management hierarchy. Clarity of roles and responsibilities is very important in all companies. More companies use the horizontal management structures rather than the traditional top-down lines of authority. In these types of organizations, employees are empowered to make decisions on their own, there are fewer management levels, and decisions are made faster, making the organization more agile and responsive to the needs of the customers or production team.

Your financials look great! Financial statements provide you with the information you need to make decisions. You must understand the numbers to be able to assess the current situation at your company so that you can make appropriate decisions. You are ready to present these in front of the investors!

Great job with the format, organization, and grammar.