The airline in Dubai will be designed around the most up-to-date electronic, informational and aviation technology for ensuring that operating and marketing costs are kept low and to maximization efficiency in the deployment of resources and a high level of customer service and convenience.
Brown et al, This assignment focusses on the role of the business plan in acquiring capital from the investors for its start-ups or expansion and also the limitations when securing those funds. Business plan is a blueprint of any business giving a detailed outline of business concept, business opportunity, competitive landscape, key to success and people who are or will be involved.
Therefore it acts as an important sales tool which can be used to borrow money or gather support to launch a new product or service. Kuratko and Hodgetts An entrepreneur, when having any idea of a business ,are afraid of writing the business plan fearing for the future.
But a well documented plan provides unlimited benefits.
Arkebauer, It helps to define the in-depth analysis of the business and the strategies of how to venture with that business in the current market. A plan written on paper not only helps in identifying the potential problem areas but also helps in working out the solutions without interfacing the real world consequences.
It also helps in communicating goals throughout the organization. If proper strategies are implemented then owners or the managers can use it as benchmark to assess the goals they have achieved and also to improve the areas of weakness.
Hence it should not be limited to a start up tool but should be used continually to re-evaluate the progress of the business.
Business plan does not guarantee success but helps in reducing probability of failure. Crawford-Lucas, Apart from the above benefits, the most important role of business plan is to accomplish the vision of an entrepreneur by persuading the investors to fund them.
The financiers could be either the lenders or investors.
All require a business plan to evaluate the potential of business. Lenders looks at the riskiness of the loan by seeing the payback periods and cash flow data whereas the investors are interested on the longer term potential of the business and hence they want to know what the break even points are and what will be the return of investment.
Thus the decision of the prospective funder to consider the proposal would depend on the quality of the plan supported with the funding proposal.
As stated by Brown et all The important aspects are listed below: This section plays a critical role as its the first document which an investor looks and makes a quick decision on the proposals.
It should be as concise as possible detailing all the important aspects of the business fulfilling the investors expectation.
Product, history and competitors: The investor also looks into the following factors such as what is the product or service ,what pain is being eased through this product or service, history of the product, uniqueness of the product so that the customers are induced to purchase and who are the direct and potential competitors.
Marketing analysis and plan:Dear Twitpic Community - thank you for all the wonderful photos you have taken over the years. We have now placed Twitpic in an archived state.
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Published: Mon, 5 Dec Business Plan Executive Summary: Cambata Aviation Private Limited is a private sector leading ground handling agency in India.
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Executive Summary 1. 0 Executive Summary Puddle Jumpers Airlines, Inc. is a new consumer airline in its formative stages. It is being organized to take advantage of .