Business Plan Part III

Part III of the business plan is due in week 5. Together with this part, you must show to your instructor that you have implemented the necessary corrections based on the part I feedback.

Part III Requirements

1.Marketing Strategy

a.The marketing strategy should address how you will differentiate your company from competitors.

b.Frame your marketing plan to show potential investors what factors will make your product or service more desirable than those offered by the competition.

c.You should present information to show your plan is well-researched and includes reasonable assumptions.

d.In addition, the work should illustrate that the proposed company is not entering a declining industry or market segment.

e.Tables and figures must be introduced in the narrative.

f.The marketing plan should include:

i.Analysis of the business opportunity

g.Target market inclusive of potential customers and their location

h.Location of your business

i.Economic, demographic, and geographic factors which may influence the success of the proposed venture

2.Organizational Success Strategies

a.Present a 1-2 page summary of the vision of the company’s success.

b.Show what strategies will be adopted to ensure the overall success.

c.Identify and ethical dilemmas of your strategies and how it will impact corporate social responsibility.

Nice job on your first part of the business plan! This looks like it will be a good business idea to work with for your project. Remember to include references.

The following is a website where you can fill out a personal vision statement generator and get you vision statement;

https://www.leadersinstitute.com/personal-vision-statement-personal-vision-statement-generator/

Keep up the good work,

Answer preview

P.G. Trucking LLC will run adverts on these platforms via text and video messages highlighting the services provided by the company and why customers should transact with the company rather than its competitors. Specifically, the advert messages will highlight the company’s low prices, its excellent customer service, and its commitment to promoting excellent waste management to conserve the environment (Li et al., 2021). Social media adverts targeting tree farmers will reference the company’s commitment to ensuring they earn a profit from the timber they supply. This will resonate with them, considering it allows them to run a long-term sustainable and profitable business. Social media marketing is significantly cheaper than traditional marketing (Li et al., 2021). For instance

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Business Plan Part III