Abstract:
Muncie Bait and Tackle is a detailed business plan designed for a small bait and tackle shop in the Muncie area. As business plans are usually used to help obtained funding from an outside source, this report contains everything that a potential investor would want to know about this business. Important sections include: a section detailing the industry that the business will be a part of, a market analysis to show the potential that the new business will have, a competition analysis outlining potential rivals and how the new business plans to overcome problems associated with them, and a detailed description of the business itself including what product and/or services the business will offer, where the business will be located, and how the business will be run. A business plan should also contain a financial plan. This section contains information important to investors. It details how much start-up for the business will cost, how much the business will cost to operate, and how much revenue the business plans to make. The extensive research used to create this business plan confirms that there is indeed a viable market for a new bait and tackle shop.
