Business Plan For A Business Essay - 920 Words

Starting a business can be very expensive and one way to defer some of those costs would be to take on a partner. A partnership exists when at least two owners go into business, but have not filed papers to the state to become a company. (Laurence) Our business should consider a general partnership where profits and liabilities are divided and shared equally. For example, the cost of ownership or leasing would reduce 50% for each partner. In addition to having a partner we should consider the Part 135 Certificate. This certificate places our airplane on a professional charter, which will enable our business to hire out our services during down time. (Shoreline Aviation Worldwide Charter FBO Services, 2013) An operator working for the charter â€Å"markets and sells time on our aircraft and has the expertise and clientele to readily fill available time-frames, while managing all related Part 135 requirements.† (Shoreline Aviation Worldwide Charter FBO Services, 2013) This no t only frees up our personnel, but also the added bonus enlists a service that has already built up their clientele. This could stand to be a huge savings to our business by helping to defer costs of operations, taxes and maintenance. The aircraft and hanger purchases are one-time purchases and the other support element costs are annual costs. Potential annual savings to have a partner total $717,500. Support Element Cost Partner Gulfstream G550 $53,500,000 $26,750,000 Hanger $30,000 $15,000 OperatingShow MoreRelatedBusiness Plan For A Business1223 Words   |  5 Pagesyour own business is to prepare a business plan. 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From research, I have learned that my business plan needs to have an executive summary, identification of my business, financial recordsRead MoreBusiness Plan For A Business1221 Words   |  5 PagesBusiness plans are documents used for planning out specific details about your business. They can range in size from a simple few sentences to more than 100 pages with formal sections, a table of contents and a title page. According to Entrepreneur Magazine, typical business plans average 15 to 20 pages. Comprehensive business plans ha ve three sections business concept, marketplace and financial and these are broken down into seven components that include the overview or summary of the plan, a descriptionRead MoreBusiness Plan For A Business2550 Words   |  11 PagesActivities 1. Review current menu in terms of business focus 2. Get staff feedback 3. Get customer feedback 4. Point out restaurant goals and business 5. Write menu redesigning proposal 6. Get restaurant owners approval 7. Initiate stake holder support 8. Get stake holders approval and contribution 9. Redesign new menu 10. Trail with restaurant stake holders 11. Modify the trail menu 12. Mass print the modified RESOURCES 1. Restaurant business plan, current menu, current and historical sales reportRead MoreBusiness Plan For A Business1866 Words   |  8 Pages Business Plan Buiness model in theory and practice according to Wikipedia is used for a broad range of informal and forma l descriptions to represent the core aspects of a business, including the purposes of that business, its process, target customers, of ferings, strategies , infrastructure, organizational structures, trading practice, and operational processes and policies . Below, we would look at two kinds of business model (franchise and tradition al business) , their pros and cons, o r their