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In: Operations Management

Assume you are starting an energy drink company in the United States and are working on...

Assume you are starting an energy drink company in the United States and are working on a business proposal. Generate a forecasts (table with numbers) by evaluating and analyzing appropriate data (industry, regional, and national including demand data from a similar company). Please cite your sources (if applicable). Thank you in advance.

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Expert Solution

Business proposal for an energy drink company in US.

Bevrages company in US is highly monitored with rules and regulations.

Steps to start an energy drink company

1. Plan a clear business plan- Have to plan about initail cost, target market and the time taken to achieve break even

2.Form a legal entity-HAve a proper legal entity which prevents from getting sued personally

3.Register for taxes-Need to register for variety of state and federal taxes before opening the business.

4.Open a business bank account-To keep finanically organised and be proessional

5.Setting up business accounting-To keep track on business performance financially

6.Obtain permits and licenses- Neglection of this may cause hefty fines or even shut down

7.Get business insurance

8.Define your brand-Strong brand will helps you to stand out of the competitors

9.Establish a web presence-A business website allow customers know more about your products and service you offer.Social media can also helps to get new customers.

keosha answered 1 year ago
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