Business Plan Methodology

Business Plan Methodology-4
These scores are the simple average of the scores for each of the component indicators (figure 2).

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After a study of laws, regulations and publicly available information on business entry, a detailed list of procedures is developed, along with the time and cost to comply with each procedure under normal circumstances and the paid-in minimum capital requirement.

Subsequently, local incorporation lawyers, notaries and government officials review and verify the data.

This will be accomplished by providing quality plants at fair prices while exceeding customer's expectations.

Doing Business records all procedures officially required, or commonly done in practice, for an entrepreneur to start up and formally operate an industrial or commercial business, as well as the time and cost to complete these procedures and the paid-in minimum capital requirement (figure 1).

Botanical Bounty will feature: Echinacea - an immune system booster; Ginseng - a source of energy; St John's Wort - for mild depression; Skullcap- for inflammation; and Ginger - a stomach soother.

Market Botanical Bounty has three distinct customers: supplement companies, processors of botanicals for supplement companies, and nurseries that resell the plants.

They are identical in all aspects, except that one company is owned by five married women and other by five married men.

The score for each indicator is the average of the scores obtained for each of the component indicators for both of these standardized companies.

Botanical Bounty is working hard to become a leading producer of botanical plants for the natural supplement industry as well as plant nurseries.

The first is the implementation of strict financial controls.

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