Business Plan – Commercialized Drip Irrigation Systems It requires…

Question Answered step-by-step Business Plan – Commercialized Drip Irrigation Systems It requires… Business Plan – Commercialized Drip Irrigation Systems It requires on average 967,000 gallons of water to irrigate one acre of California farmland, adjusting for the averages in what crop is being produced, the environmental conditions, and the rotation of crops for the season. By using a drip irrigation system, the same conditions would take roughly 250,000 gallons, resulting in approximately a 75% increase in water efficiency.  For this assignment:1) Develop an Executive Summary for a potential investor 2) Describe your production plan:Discuss how you intend to produce your product or service. Focus on keeping capital expenditures low to minimize the start-up risk. Second, try to describe if and by how much costs will fall as volume increases. Do these cost savings provide a barrier to entry?  3) Develop a marketing plan:Nothing happens until you have sales. Can you identify your customers; do they have money to purchase; what do they have to change to purchase your product or service; do you have a way to reach them; how will you get your product to them?  Carefully describe your business idea’s marketing, distribution, pricing, and market share. How will you introduce, market, and distribute your product or service? How do you anticipate pricing your product? How will that compare with your competitors? What market share do you hope to obtain by year 3 and year 5? Build your model based on the concept of growing from the first sale. For example, “The first sale will take X weeks, or we anticipate contacting X customers each month and converting Y into sales.”  Business Entrepreneurship GEB 5114 Share QuestionEmailCopy link Comments (0)