Nice Audio Essay example

3274 Words Nov 1st, 2015 14 Pages
NICE AUDIO HEADPHONES INC.-BUSINESS PLAN
Name
Instructor
Institution
Date

Table of Contents
Executive Summary………………………………………………………………………………3
Business Description……………………………………………………………………………...3
Opportunity……………………………………………………………………………………….4
Industry and market analysis……………………………………………………………………...4
Market analysis………………...………………………………………………………………….5
Competitive analysis………………………………………………………………………………6
Marketing strategy………………………………………………………………………………...7
Human Resource Requirements…………………………………………………………………...9
Startup Costs…………………………………………………….……………………………….10
Sales and Financial Projections………………………………………………………………….12
Recommendations………………………………………………………………………………..18
…show more content…
and it will be located in Louisiana, New Orleans in the East coast of the United States. The major services that the company will provide will include marketing and provision of audio devices that are compatible with every mp3 players, iPod, tablets, smartphones and even laptops. Just like any other business, Nice Audio Headphones Inc. has a mission statement which states that, “To suit every customer’s needs for quality, stereo and high class, headphones, through a healthy and efficient competition as well as pioneering production and marketing practices.” The company’s vision is to “to offer modern, compatible and quality audio products to their customers. Being a technology company, it will be registered by the United States’ Registration Authority (RA). On the other hand, since it’s a starting business, the management will adopt the flat organizational structure. The company is expected face stiff competition from other established audio headphone companies that offers the same services at New Orleans and the United States as a whole.
Opportunity
The establishment of the business is based on the wide gap that has existed in the provision of audio accessories due to the increase in production of smartphones. The technology market has witnessed the growth and use of mp3 players and smartphones since 2003. For instance, the period between 2007 and 2009 alone has witnessed the sale of more than 340 million

Related Documents