Business Planning What are the Benefits? There are two main purposes for writing that plan. There is an additional benefit if you do business internationally.
Strategic Analysis with current research! The Company was founded by John Doe. At this time, the business is acquiring its radio licenses so that the business can immediately begin broadcasting once the requisite capital is in place. The third section of the business plan will further describe the services offered by the Radio Station, 1.
On a preliminary basis, Mr. The investor will also receive a seat on the board of directors as well as a regular stream of dividends from the royalties earned on the radio show programs produced and distributed by the Company.
The financing will be used for the following: Financing for the first six months of operation. Capital to purchase radio broadcasting and production equipment 1. Doe has more than 10 years of experience in the radio station industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target quality disc jockeys and on air personalities that can provide the Company with extensive materials that the Company can produce and distribute via its radio broadcasting operations.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of Radio Station, Inc. Based on historical numbers, the business could fetch a sales premium of up to 10 times earnings if the Company earns substantial royalty income from previous broadcasts.
Listeners Constant stream of music content that appeals to an independent music audience. Regular giveaways of merchandise to listeners that register on the Radio Station website. Regular updates in the content and music programming offered by the business so the Company may continue to maintain a large diverse customer base.
Content that appeals to a wide demographic of world wide listeners. Oversight for the listening base of the radio station through third party advertising management. The ability to quickly see the results from an advertising campaign. This should allow the business to draw more people to the website to register for email updates and notification of new content.
A secondary stream of revenue generated for the business will come from the sale of static and dynamic advertisements throughout the website and during streaming radio content. There are a number of third party advertising providers that will pay the Company directly for hosting their streaming content of advertisements.
Typically, entertainment media content is immune from general changes in the economy, as the content is provided for free, and if people continue to listen to the program, the business will consistently be able to sell advertising space.We’re offering FREE business plan templates to help you automate the process and focus on the parts that count, not the formatting and copy-pasting.
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She gives a canvas to each store, restaurant or organization that she. For a one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, supply chains, specialized equipment, and multiple employees, the operating plan needs to be very detailed.
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