Business Management > DISCUSSION POST > SBE-310 Week 6 Discussion 1 – Location Analysis (All)

SBE-310 Week 6 Discussion 1 – Location Analysis

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II. Table of Contents III. Target Market IV. Financing and Funding V. References III. Target Market Target Market would be categorized into two groups one group is the consumer ... over 40 with health conditions and the other group would be the consumer on the go these are employees, students, and other health-conscious who lead a busy lifestyle. Fix-It Tea is a lifestyle business focused on people looking to live a healthy lifestyle or find a cure for minor health conditions. Fix-it Tea has the potential for growth with individuals looking for a healthy method to cure the minor health conditions they currently experience. The goals of fix-it tea are to build soothing tea awareness and reach customers who have health problems. Fix-It Tea will provide a well-blended tea to help soothe the needs of health-conscious people everywhere, achieve brand leadership in the soothing tea industry, and promote a healthy lifestyle alternative with the benefits of soothing tea blends that will provide and raise the quality of life. IV. Financing and Funding Determine the ballpark level of funding needed. What funding is available for your business idea? What sources will you use? Explain how you will use cash, debt, or equity to finance and fund the business at a start-up. To start Fix-it tea it would take between $10,000 and $50,000. The type of funding available to raise funds for my business would be personal, bank loans, SBA- guaranteed loans, Government grants, Friends and Family, or Crowdfunding. All of the funding types to raise capital comes with different challenges. The source I would use would be an SBA- guaranteed loan because the SBA acts as the guarantor which helps gain bank approval. The breakdown of the loan would be as follow: • Setting up business name and corporation • Business license and permits • Insurance • Business cards and brochures • Website setup • Initial inventory of tea • Initial order of prototypes • Building location and setup V. References: https://www.lipton.com/us/en/home.html https://www.starbucks.com/about-us/ https://herbalteatherapy.com/?www.herbalteatherapy.com? sl={HerbalTeaTherapy}&msclkid=f063a2d214b511166bcbc324f6f4bf34 DeVry Tutoring [Show More]

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