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The bakery provides freshly prepared bakery and pastry products at all times during business operations. [BUSINESS NAME] wants to establish a large regular customer base, and will therefore concentrate its business and marketing on local residents, which will be the dominant target market.
Six to eight moderate batches of bakery and pastry products are prepared during the day to assure fresh baked goods are always available. This will establish a healthy, consistent revenue base to ensure stability of the business.
It will help to identify who your target audience is, what they are looking for, how often they want it, how much they are willing to pay for it and whether you will have any other competition.
Things that you need to find out during the market research stage include: Every business needs a plan.
The Single Most Important Ingredient for Business Success The first and most important thing you need to acquire in order to succeed in a small business is... If you want to avoid the common traps and mistakes...
it is absolutely imperative that you acquire the right knowledge. " That's an excellent quote I picked up from a fellow business owner a few years back. I'm the founder and president of Biz Move.com, a successful Internet based information business.
[BUSINESS NAME] expects to catch the interest of a regular loyal customer base with its broad variety of coffee and pastry products.
The company plans to build a strong market position in the town, due to the partners' industry experience and mild competitive climate in the area.
The idea is that you write down, in one document, everything about the business to make your opportunity sound as attractive as possible to potential business partners and financial lenders.
It also helps you to keep a focus on what your business objectives are so that you understand 100% what you are aiming towards and how you are going to get there.