Business plan

1. Purpose

   MBA Business Plan component

   Context

   One of the most important elements in a business plan is the market analysis. A market analysis is a qualitative and quantitative assessment of a market. It includes data collection and estimation in reference to the market size and value, characteristics of the intended customer base, in-depth evaluation of the competition, barriers to entry, and the regulatory environment. An accurate and detailed market analysis allows entrepreneurs to determine whether the market is sufficiently large to build a sustainable, profitable business. In this assignment, you will complete a market analysis for your proposed organization and create a report that can be included within a business plan.

   Instructions

   Write a 525-word report that includes the following sections:

   • Section 1: Business overview, mission, and vision
   • Section 2: A Market analysis that includes the following components:
   • Section 3: Recommendation

   Use the Market Analysis Research document for details on what to include in each section.Cite references to support your assignment.Format your citations according to APA guidelines.

I have attached the guide highlighted in the instructions

Answer preview

The vision of the business is to offer quality bike riding experiences to esteemed customers at affordable prices. Therefore, the business will ensure customers’ safety by ensuring we service the bikes regularly and use high-quality repair components.

Recommendation

The gathered information makes it advisable to proceed with the business as there is a ready market to meet the business needs and objectives. With the high increase in chronic conditions and the need for convenience, there is a high possibility of meeting people’s needs. Additionally, there are no competitors in the area, so the business has an opportunity to tap the market by offering quality and exemplary services.

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