BUSINESS PLAN

Business Plan

Business Plan

Introduction

The purpose of this report is to outline a business plan for the ABC Music Converters. The report provides a strategic direction for ABC Music Converters, as well as an implementation strategy and action plan. The electronic music equipment industry is very competitive, due to number of levels which a store can operate at. ABC Music Converters will be in the middle range of this market, specializing in designing of a box which fits between the gramophone player and the amplifier of a classical stereo system.

This box will look in part like a standalone CD burner from which the owners of LP can put the LP on the gramophone player with the blank CD in the box and can copy or record the LP onto CD while hearing the music. As a consequence owners can make a CD copy of the LP, and can safely store the LP away, playing the CD instead. However, the music converter from LP to CD will have a number of strengths which differentiate ABC Music Converters from their competitors. The business plan is a document structured according to a precise and rigid, which summarizes the contents and characteristics of the entrepreneurial project (business idea). It is a useful tool to assess how aware the strengths and capabilities of the business project. It should not be considered an absolute tool, but a dynamic tool, adaptable to changes that occur inside or outside the company. The business plan can also quickly become obsolete, but they have a very high value if the facts and if used properly. Virtually every business plan is a sort of handbook of the farm or business idea and should be periodically verified by every entrepreneur needs to be amended because it is a prediction based on statistical data and these data are sometimes difficult to find. The main strength will be their customer focus facility through differentiating factor that is music converter from LP to CD.

Business Concept

ABC Music Converters is in the electronic music equipment industry, which is an industry that fluctuates year-to-year. And we know that some believe that the money spent on the service is “disposable income,” but the philosophy is that music should be important to everyone. ABC Music Converters intend to heavily market this attitude and also the music converter as a service. In addition to this, the company knows that the company honors its philosophy by offering music converter services in music converter from LP to CD while the differentiating factor that is music converter from LP to CD.

ABC Music Converters business are business whikch offer services from LP to CD. So that the owners can simply and easily have made a CD copy of the LP and can safely store the LP away, playing the CD instead. They may be owners or employees of a relatively small business. ABC Music Converters business have the advantage of enjoying low-cost music converter from LP to ...