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Company Profile. Module 6 Business Plan Course Ryan Murray MBA, CBA. Business Registration. Entity Types (some of the most common) Sole Proprietary Partnership LLC S-Corp Non Profit Etc For entity types and info http :// corporations.utah.gov/index.html Online registration
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Company Profile Module 6 Business Plan Course Ryan Murray MBA, CBA
Business Registration • Entity Types (some of the most common) • Sole Proprietary • Partnership • LLC • S-Corp • Non Profit • Etc • For entity types and info http://corporations.utah.gov/index.html • Online registration https://secure.utah.gov/osbr-user/user/welcome.html
Business License • Business license is done through the city or county • Business registration is done through the state
Professional Licenses http://www.dopl.utah.gov/licensing/index.html
Mission Statement • “Begin with the End in Mind” Stephen Covey – 7 Habits of Highly Successful People Your mission statement should provide direction and answer the tough questions
Mission Statement The mission of Utah State University is to be one of the nation's premier student-centered land-grant and space-grant universities by fostering the principle that academics come first, by cultivating diversity of thought and culture, and by serving the public through learning, discovery, and engagement. McDonald's brand mission is to be our customers' favorite place and way to eat. Our mission is to make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More. Pay Less.® brand promise.
Vision Statement (optional) • Intended to provide motivation
Values (optional) • Intended to shape organizational culture • Often times cultures shape themselves based on the people
Putting It All Together Revenue - Expenses = Profit The financials are used to measure the success and track improvements Product/Service Relative Price Point Target Market Market Mediums Marketing Strategy Market Opportunity • Management • Successfully identifies a need • Is capable of meeting that need • Eliminates all bad behaviors and cultures • Has a clear focus and direction (mission)