Introduction
In this study, we will be analyzing the sales plan of Stretch 'r Wings. Stretch 'r Wings is a start-up company making healthcare equipment for airplane providers and medical center flight programs. Stretch 'r Wings will style innovative, complete, and cost-effective healthcare internal alternatives and sub-contract some of the production.
Stretch 'r Pizza has recognized and is working to finish four goals that will assist them on their path to profits. The first purpose is to get Supplemental Type Certification (STC) acceptance from the FAA. The second goal is an initial model of the design. Next is the need to secure parts producer approval. Lastly, there is the need to build up a wide marketing plan and promotional strategy.
The company seems to have set well thought of ideas and on how to achieve them. When coming up with a business plan, it is very critical that you come up with the objectives you need to achieve first. Once this is done, you then come up with a plan towards ensuring the same is achieved. To do this, you need to apply the relevant sales components that work to your advantage.
For the case of Stretch 'r Wings, some of the components of their sales plan include their application of competitive edges which one can basically say its their innovation. Stretch 'r Wings also has well educated and motivated staffs. Their enrolment in this plan is a quality component. Stretch 'r Wings will also apply their strong financial muscle on this plan. The company intends to grow its revenue to $634,000 by the fifth year of applying this business plan.
The product that Stretch 'r Wings is offering is unique leading to high regulation. This aspect of Stretch 'r Wings’ industry makes it very crucial for a company that has big ambitions to ensure that they are well prepared of the uncertainty. The plan set up is solid to me and has a high chance of succeeding. The company has laid out the plan in a way that it begins with the essentials before moving into the implementation part.
The company has planned about getting certain certifications first before moving to the next step. This has sealed all possible loopholes due to regulation. When dealing with a sector like the air industry regulation is the first aspect that you need to consider when setting up a plan. This will reduce headaches and possible failures in future. The people that you use for the project are also an important component. Stretch 'r Wings has deployed some of its best management team to ensure that the project is successful. This is commendable.
In my opinion, Stretch 'r Wings’ plan covers all the basics that are required for a business plan. A business plan needs to have an executive summary, the company summary, the actual plan, a management summary and the financial plan. The Stretch 'r Wings` plan has all this leading to my conclusion that it is adequate for use.
To better improve this plan I think that they needed to have a clear Swot analysis of their company. They tried to have it inside the plans details; I, however, feel that they needed to have had it as a separate topic all together. A clear SWOT analysis enables potential investors and other stakeholders to have a 360 degrees view of the company. However, all in all, I believe that the plan is remarkable.