(PDF) Project Management / New Business

Added on - 21 Feb 2021

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Project plan for business
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Business plan for new business..............................................................................................1CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8APPENDIX......................................................................................................................................9
INTRODUCTIONProject plan for the business is very important document of management for project. Thissummarized the operational and financial objectives of the business which is help to make properbusiness management plan. It is the contained and details planed and budget which presentsobjectives of business. The present report is based on the project plan for opening new business.The business is the photography business studio. This is new business ideas which are presentlyin demand in market. Report lays emphasis on the aims, objectives, plan and action plan forbusiness and its growth in future.MAIN BODYBusiness plan for new businessBusiness plan is the important document and written report which is shows the operating,financial, human resources, building and budget plan of the business. This business plans for setsthe new business which is photography studio. This is best business idea because this idea nowdays have high demand in the market. I have done working in Starbucks from last 12 years. Withthis, think start own coffee shop but this business are already have in market place on highdemand(Chambers and Humble, 2017). This idea got from customer observation that are come incoffee shop and click pictures of every moment. Other hand, have high interest of click andtaking pictures. With the help of observation, decide to open new photo studio.Start new sole proprietor business because this has various advantage and benefits overother business entities. It has the simplest structure of business in which one person is owner inthis type of business. This business has various advantages to the business which will beginningis so easy in this type of business structure rather than to other business structure. In this haveless numbers of paper work and create time for legal sole proprietorship. This business tends tobe the affordable model for start new business and it’s maintained. In this have tax benefits likeinstead of business have to their own business gain and losses of their individual tax return. Thisbusiness structure helps to grow their business and also employ others. This can hire other andalso enjoy tax benefits by doing this. The main and important advantage of this business is ownerhave compete and direct control on their decision making because in this owner take theirdecision without sharing details to anyone or corporate boards. This has freedom for drive thebusiness in any direction.1
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