Reflection Paper: The Future of my Business Memo (Essay Sample)
“The Future of My Business”
Write a 1-page (full page) memo which hypothesizes the future of your project if your group were to be given the loan.
Consider the following:
●What can you do to ensure that your business grows? What goals would you want to achieve?
●What potential problems do you foresee your business facing and how can these hindrances be dealt with?●Where do you see your business in 5 years? 10 years?
Memo: The Future of my Business
If my group were to be given the $9.5 million loan required to start Eagle’s Nest LLC, I would employ some strategies to ensure the business succeeds in the short-term and the long-run. First, I would diversify the services offered to customers. I will ensure the diversification continues into the future as the company will seek to meet the exact needs of customers. Second, through market research, forecasting, and customer feedback, the company will continually seek to improve on its value proposition. I understand that the tastes and preferences of consumers quickly change, particularly in today’s business environment that is characterized by technology. Therefore, by focusing on the customer needs, the company will
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