Question Description
The aging of the U.S. population is creating one of the largest and most diverse demographic cohorts in history. This growing market of aging adults presents a range of opportunities for goods and services. The purpose of this assignment is to create a business plan and sales presentation related to a much-needed product, program and/or service to better support the quality of life for a growing aging population. The use of scholarly/peer reviewed and other credible sources from a variety of knowledge areas throughout this assignment is critical.
Business plan (18 points); 4-5 pages total (not including cover page, images/graphs, reference page).
- Cover Page to include the following information:
- Business/Service name (Choose topic that deals with possibly Exercise like Physical Therapy.)
- Company logo (optional)
- Name(s) of the student(s)
- Name(s) of older adult consultant(s) and relationship
- Executive Summary
- A one page clear overview of the business/service concept. It should highlight the key areas of your plan (e.g., summarize content from the major headings below).
- Business Concept/Overview
- Whats the hook? (See this link for more information)
- What need does the product/service meet for customers? Incorporate scholarly/peer reviewed research/facts from at least two knowledge areas for justification (e.g., natural sciences, social sciences, fine arts, & humanities).
- Describe the good(s) and/or service(s) your business will provide; include photo/images/prototype
- What is unique about this product/service? How can you serve the market better than your competition?
- Include a mission statement (Why are you in this business in the first place?)
- Market Analysis
- Description of the industry (use credible/factual sources)
- Background of industry
- Industry trends
- Describe how you came up with the idea for this product/service
- Target market: Describe your customers (age, gender, income, etc.)
- Competition: describe competitors and their strengths and weaknesses
- Your value proposition (what distinguishes you from your competition)
- Description of the industry (use credible/factual sources)
- Marketing (see this link for more information: https://marketingmix.co.uk/
- How will you reach your customers and meet your sales goals?
- Advertising/promotion plan
- Pricing (Will your target market be able to afford this product/service?)
- Customer service/product support (How will you meet/exceed customer expectations? What does your support team need to know about your target market?)
- How will you reach your customers and meet your sales goals?
- Conclusion
- Statement of viability
- Vision statement
- Close with your tagline
1. References–you need to use APA format. 2. Use of scholarly sources to support your need for the product/service are important; 3. Be sure to use subheadings to format your proposal–this makes it easier to follow (e.g., Executive summer, market analysis, etc.).
If done well and big tip will come. Thanks!