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Initial discussions
A group discussion on potential product ideas. We narrowed down to 3 possible products. -
Basics: Sorted
We decided on a name for our business, and started to brainstorm logos.
An organisational chart was created, showing the levels of hierarchy.
We wrote management overviews for each member of management.
Product idea has been finalised. -
Our focus
Business logo was designed.
A summary of our product features were created.
Our community focus was written. -
Finalisations
The logo along with our business name was finalised.
Mission and Vision statement completed. -
Thinking ahead
SMART goals created for marketing, finance, production and communications.
A discussion, leading to supplier confirmation and purchase of 50 cork lights to be used in our bottles.
Survey was prepared.
Company values were written. -
More on our product, business and survey
Product service/features were written for current stage of business.
Survey finalised, and sent out to students, friends and family members.
Organisational chart was created in our business plan. -
More on our business
Organisational culture has been written.
Marketing mix - P: Product.
SWOT analyses on the current stage of our business started.
Sources of finance written. -
Business marketing analyles
Marketing Mix(4P's): Price completed.
Market research results analysed.
Resource requirements for our product written.
Continued to develop our SWOT analysis. -
More on our marketing mix and our target market
Marketing mix (4P's): Promotion completed.
Target market identified, along with how our product meets their needs.
Breakeven analysis on our product pricing done. -
Our market
Marketing mix (4P's): Place completed.
Continued with tidying up our business plan up to its current state. -
More specifics
Method of internal communication with internal stakeholders completed.
Budgeted income statement completed.
Flow chart of our production process created.
product services and features has been written. -
Our product
Internal controls written showing the financial procedures put in place in our business.
A quality control plan written for the production of our bottles.
Health and safety risks identified.
Competitor analysis completed, analysing the selling and production strategy of our competitors. -
Tidying up last tasks & making a poster
Sales forecast made
Our business timeline has been updated.
Skills, roles and responsibilities of company directors made in business plan.
Continued to work on designing a poster for school distribution. -
Peer Marking
All members were allocated sections to review, ensuring each section is up to standard.
Painted bottle design were trialled with lights.
Discussions on paint suppliers were carried out.
New Business Plan Version 1.1 document created, as the previous business plan changed format unexpectedly. -
Final in-person meeting
Today was our final in-person meeting where we discussed the final aspects of our business plan.
We checked off all the required sections, making sure they are in our business plan.
Everyone continued working on completing the business plan for the hand in on Friday. -
Final Business Plan review
Members gave their final review on the business plan in preparation for hand in tomorrow.
If any changes occur past this point, it will be minor, and will be done before printing tomorrow. -
Business plan Version 1 published
Business Plan version 1 is published.