Here's an executive summary example: Terra Engineering Executive Summary Terra Engineering Terra Engineering is a new company that will provide high quality technical and environmental engineering services to its clients. Terra Engineering is scheduled to begin operations on July 16, Terra Engineering will provide a wide array of environmental consulting services to its market which includes:
Despite the size or industry in which a business operates, a business model details how an organization creates and delivers products or services, specific business processes, infrastructure, customer acquisition strategies and the intended customer base.
Brick-and-mortar and e-commerce form two categories under which business can operate.
In the current business environment, business models come in a variety of forms that include direct sales, franchise, freemium and subscription models. Direct Sales Under a direct sales business model, sales of products or services generate revenue through a network of salespeople who sell directly to customers.
Typically, no fixed retail location exists under a direct sales business model. Instead, individual salespeople are connected with a large parent company and given the tools to become individual entrepreneurs.
Business owners in direct sales earn a portion of their sales, while the company providing the product retains the remaining revenue.
Companies such as Avon, Arbonne and Herbalife are examples of the direct sales business model. Instead of creating a new product and the distribution chain to deliver that product to consumers, the franchisee purchases an ownership stake in a business model that has already been successfully developed.
The company offering its proprietary product or service, its business processes and its brand is known as the franchisor, and it benefits from a reduction in capital output used to build new locations.
Franchise owners earn a portion of the revenue generated by their locations, and the franchisor collects licensing fees in addition to a percentage of sales revenue from the franchisee. Freemium Model For companies that offer personal or business services via the Internet, the freemium business model is common.
Under a freemium model, business give away a service at no cost to the consumer as a way to establish the foundation for future transactions.
Companies that offer a basic-level service for free build relationships with customers and eventually offer advanced services as add-ons or advertisement-free options at a cost. The freemium model tends to work well for Internet-based businesses with little customer acquisition costs but high lifetime value.
Spotify and Skype both operate under a freemium business model. Subscription Model Businesses that operate in an industry where customer acquisition costs are high may operate under a subscription or recurring revenue business model.
The objective of a subscription business model is to retain customers under a long-term contract and secure recurring revenue from repeat purchase of a product or service.
Companies operating online create subscription models that require the customer to sign up for automatic payment plans, and they may charge a cancellation fee for a contract that ends prior to the preset time frame.
Credit monitoring organizations such as Experian and Equifax use a subscription business model, as do utility and phone companies.Of all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company.
Not only will this decision have an impact on how much. Of all the decisions you make when starting a business, probably the most important one relating to taxes is the type of legal structure you select for your company. 3 Major Types of Plans (Especially for Lean Thinkers) Three major types of plans can help managers achieve their organization's goals: strategic.
long-term care insurance contract – thrivent financial, the marketing name for thrivent financial for lutherans, has been in the long-term care insurance business since Jun 30, · There are a few types of business plans you might create, depending on your business size and your goals. Feasibility Business Plans. A feasibility business plan . Five major types of business taxes are: (1) corporate franchise tax, (2) employment (withholding) tax, (3) excise tax, (4) gross-receipts tax, and (5) value added tax (VAT).Some types of firms (such as insurance, mining, and petroleum extraction companies) pay additional taxes peculiar to their industries. While firms too pay income, property, and sales taxes, such taxes are not specific to.
Business Plans: Two Types of Executive Summaries by Dave Lavinsky Last Updated: Aug 16, The Executive Summary is the most critical element of the business plan.
If it does not grab the investor's attention, the investor will not bother with the rest of the business plan.
Chapters: Content: App. length pp. Executive Summary: The executive summary is the single, most important part of the business plan.
Describe the market → opportunity, your product to harvest the market opportunity, your strategy for addressing and selling to that market, financial results in the first years of operation, long term objectives, and the key personnel.
The 4 Types of Business Plans Next Article Business plans can be divided roughly into four distinct types. There are very short plans, or miniplans, presentation plans or decks, working plans.