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5 pages/β‰ˆ1375 words
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3 Sources
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APA
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Business & Marketing
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Essay
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English (U.S.)
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Final Business Plan- Infinity Taxes and Beyond

Essay Instructions:

Assignment 4: Final Business Plan
Due Week 9 and worth 220 points
Now it’s time to pull everything together and create your final business plan. Make sure to review all the feedback you received for Assignments 1, 2, and 3, and make the necessary corrections. Then copy and paste it all into one document, and add an executive summary and an exit strategy. The executive summary is a snapshot of your business plan as a whole and should touch on your company profile and goals. Additionally, the most successful exits in business require considerable planning. You will need to discuss two key factors to consider when planning your exit strategy.
Write a five (5) page paper in which you:
Write a one page executive summary that includes your company profile and goals.
Revise and insert the business models section you developed for Assignment 1.
Revise and insert the target market section you developed for Assignment 2.
Revise and insert the startup funds section you developed for Assignment 3.
Write a one page exit strategy where you discuss two key factors you would consider when planning an exit strategy. Provide explanation to support your reasoning.
Format your assignment according to the following formatting requirements:
Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Examine the process of innovating and developing ideas and business opportunities.
Analyze different innovative business models to determine the best model for a specific venture.
Analyze the management of a successful innovative company.
Examine the process of developing a business plan and setting up the company.
Analyze the market, customers, and competition of entrepreneurs.
Analyze money sources for finding and managing funds.
Determine the most effective communication process to present the business to investors.
Analyze methods for exiting the venture.
Use technology and information resources to research issues in entrepreneurship.
Write clearly and concisely about entrepreneurship using proper writing mechanics.

Essay Sample Content Preview:

Final Business Plan- Infinity Taxes and Beyond
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Executive Summary
The business model of an organization holds the key to deliver its product and services effectively successfully. Considering the same, Infinity Taxes and Beyond has decided to rely on Bricks and Clicks model, which is expected to lead to a high number of clients getting attracted to the company.
The company aims to offer a reliable and quick solution to individuals and small people in business in dealing with their taxation issues. Currently, there is no such company in Florida which can offer advisory services to individual clients at affordable fees. The company plans to run a social media campaign on Facebook and Twitter to attract clients.
The company intends to charge a fixed fee per project based on the urgency and complexity level of the tax return case. This will serve as the primary source of revenue, while the salary expenses will be the major expenses. The founding team members will be offered equity in the company, and the initial outlay and working capital will be taken care out of the pocket. After reaching a certain stage, the company will raise external funds to expand to other cities and states. It is expected that in 5 years, the company will be acquired by an indirect competitor, thus giving a profitable exit to the external investor and myself.
Business Model
The viability of a product or a service is determined by the business model through which the organization offers the product or service. The business model provides details regarding the vision, purpose, and goals of the organization and the path to achieving those (Chen & Wu, 2014). Of the three business models (Bait and Hook, Bricks and Clicks, and Subscription), suggested by Chen and Wu (2014), I consider that the Bricks and Clicks Model should be appropriate for my company and I expect that this model will lead to a high number of clients getting attracted to my company.
The proposed company is named Infinity Taxes and Beyond which aims to assist individuals in submitting their tax refund application. The need for such a business arises from the fact that some taxpayers complain that while they have low salaries, they end up paying tax deductions up to 10%. This happens as these individuals lack clarity in filing their returns. The return filing is important as the lending agencies ask for Form 16 or ITR receipts. Currently, there is no such company in Florida which can offer advisory services to individual clients at affordable fees. This company plans to bridge this gap by delivering quality services to the customer who makes the value positioning attractive.
The company intends to charge a fixed fee per project based on the urgency and complexity level of the tax return case. This fee will be the major source of revenue for the company, and the salary costs will be the significant expenses for the business. The founding team members will be given an equity share in the company and will be given salary only when the revenue starts coming in. Thus this business is expected to become profitable at early stages itself.
Target Market
The target market of Infinity Taxes and Beyond includ...
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