Business Plan And Executive Summary For A Gym Business Essay

Business Plan And Executive Summary For A Gym Business Essay Executive Summary The location of the gym will be on a main road with good parking facilities. This will help the gym grow with members as it attracts people because of the location and give people advantages to join the gym with ample parking. There isn’t much history about the gym because it is a band new business but the idea came to me about 5 months ago when i wasn’t satisfied with what other gyms offered to customers. The business is situated in the retail sector because it provides gym equipment to people who don’t have room at their houses or they cannot afford all the equipment themselves. The Prime function of the business is to provide gym equipment to people as well as help them achieve their fitness goals. The gym offers a wide range of products and equipment starting from bags, drinks and clothing to dumbells, treadmills and benches. (Cambridge Preliminary Business Studies – page 269) Purpose of the Plan There can be many purposes for a busi ness plan. The plan should provide a firm with a clear direction for the future and identifies the main goals of the business. / The goals of the gym would be social, financial and environmental goals. The social goals that the gym would like to achieve would be good service to patrons that use the facilities, helping the community through sponsorships of local sporting clubs and helping out schools through conducting sport lessons in the gym. Financial goals that the gym would like achieve would be to increase the owner’s wealth through increased market share, increased level of cash flow and increased level of liquidity. But increasing wealth is one of the objectives. The other financial objective would be to minimise the wastage of money on items or products that will not help the gym grow and not falling into heavy debt. Environmental goals that the gym would like to achieve would be to use electricity efficiently, install energy efficient appliances, minimise waste and d isposing of the waste properly. (Cambridge Preliminary Business Studies – page 269) v Situational Analysis Internal External ac4 Strengths (lob ortunities †¢ †¢ †¢ †¢ Good assistance provided by employees Great membership deals Cheap prices Good location r †¢ †¢ †¢ †¢ Weaknesses Threats †¢ †¢ †¢ †¢ Not enough employees when business is busy Toilet facilities too small Security Poor Receptionist †¢ †¢ †¢ †¢ †¢ (Cambridge Preliminary Business Studies – page 248) Business Objectives and Strategies The business objectives and strategies section of the business plan outlines what the business aims to achieve, including overall strategic goals. These goals will be based on research from the situational analysis. The Objectives of the Gym are to try and eliminate the weaknesses in the business and make them one of the strengths by working on them with one another and also to improve on streng ths and try to make them stronger. Another Objective would be to take every opportunity possible to help the business grow and try to work around keeping threats away from the business. The final Objective would be to improve financial wealth for the owner and to build a good reputation within the community so people feel invited and welcomed when they visit the gym.

History class Essay Example | Topics and Well Written Essays - 250 words - 2

History class - Essay Example The extreme cold weather was no source of deterrence for the millions of people who had flocked to the Capitol Hill since 6 o’clock in the morning hinting at a sense of revere for a man who had African roots. This man’s slogan of change had come at time when America was facing economic recession and international pressure for its foreign policy. The crowd’s roar on seeing the man himself all pointed to the extent to which Obama was truly a â€Å"leader† of his nation. From the constant comparisons between the ousted President Bush and the careful monitoring of the first lady’s dress; each and every step met with close scrutiny. The sober tone of Obama represented the huge amount of issues that faced him in his tenure as a President. From what could be judged by the audience and fellow peers’ comments; though Obama was the beacon of hope, yet no one hoped for quick â€Å"fixtures†. All were aware that time had to be given to this man to even begin solving the debacles of his predecessor. The speech of the President itself set a tone of dignity and peace-a contrast to the tone set by Bush in his last victory speech. The international world was being greeted with a strong message of peaceful relationships .The nation was held responsible for their actions along with the government and its responsibilities-setting a tone of collective

How Microsoft Office is Used in Businesses Today Research Paper

How Microsoft Office is Used in Businesses Today - Research Paper Example The software allows the user to type, edit, save and format a document which can later be printed or virtually viewed. This application is used to create business letters, reports, written deals, thesis, research reports and almost anything which requires word processing. The software gives convenience to business users through features such as spell checking, preset formats, convenient referencing, reviewing, convenient flow charts, inserting tables and much more (Manzo, Piziak, & Rhoads, 2009, p. 23). Organization can use the mail merge feature to conveniently send letters to their large number of customers. The software is also used to create questionnaire. It provides shapes, buttons, check boxes and other features for this purpose. Word can also be used in creating different pads and forms. Microsoft Excel This is the spreadsheet tool. The software is extensively used in the accounting departments of organizations for recording, editing and formatting. Businesses uses Excel to c reate different financial statements such as Balance Sheet, Income Statement, Cash Inflow/Outflow and their subparts (Gross, Akaiwa, Nordquist, & Littlefield, 2007, pp. 19,20). The software is used in managing the budget, keeping the customer records, business intelligence, sales analysis, performance dashboard and etcetera (What is excel?). Organizations use the Pivot Table function for data summarization where it helps in totaling the data amount and calculating the average of it. The software is used for problem solving. By using the correct tools, not only it can deal with immediate problem presented, but those which are expected with the help of, for example, tools like â€Å"what if† analyses (Gross, Akaiwa, Nordquist, & Littlefield, 2007, p. 24). Most of the companies are using Excel for Corporate Budgeting, especially the smaller one which cannot effort costly BPMS. Organizations are also using Excel for Inventory Management with the help of formula and function featu res of the software. The software can also present the inventory record in a customized way through drop down boxes entries etc (What is excel?). It is also used to create customized forms. The chart feature is often used to give the data a visual presence for greater understandability. Businesses prefer to use Excel in finding out Profit Breakeven because it makes the process very simple. Microsoft Access Access is the database software. The application is widely used by businesses, especially the smaller organizations. The application can be used to build small databases for customer tracking, inventory management system, data extraction, data mart, custom report, sale recording & analysis and much more (Manzo, Piziak, & Rhoads, 2009, p. 656). Different types of organization can use it differently. Schools and universities can use it to create database of their student. Hospitals can use it for their patient’s entry. A FMCG can use it to have record of all their inputs and outputs. Organizations finds effective integration and low cost the main reason to use this software. Microsoft PowerPoint PowerPoint is the presentation creating tool of Microsoft Office. Businesses worldwide are using this application to create presentations in order to better explain their