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Business plan of online business

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Therefore, they will have to put their best efforts into the operations of the company in order to save on costs of operations before the business picks up and expands. However, the directors plan to hire more staff depending on the needs and demands of the business. The first most likely member of staff for the team of four to hire will be an Information and Technology (IT) manager who will be in charge of operating the online operations of the company. From the start, the basis for remuneration for the IT manager will be on an hourly basis for the services rendered diligently to the company.A business model provides investors with a clear rationale as to how a company can create, deliver, as well as capture value in social, economic, as well as cultural and related contexts in the business world. Development of a business model requires strict application of a business strategy concept. As such, a business model may be in reference to the core aspects of the business, inclusive its purpose, targeted consumers, business processes, offerings, infrastructure, strategies, operational processes and policies, trading practices and organizational structures. This can therefore mean that a business model incorporates the systematic analysis and review of managerial responses to an occurrence in the business field. A business model therefore stands out as the design of organizational structures in enacting a commercial opportunity. The concept of business models comes in handy while describing and classifying businesses in relation to their entrepreneurial settings. As such, the following business model explored the entrepreneurial aspects of the Party Safaris event management company.A value proposition refers to a promise of value given by a business or a company to its customers and other stakeholders that they will deliver. The producer or company has to acknowledge this value, and the customer similarly has to believe in this value as worthy of his or her coins especially from the appeal and experience that he or she derives from the said value. As such, a value proposition applies to the entire organization, but extends further to other critical areas of the organization such as the customer accounts, products, as well as the services offered by the company. Creation of a value proposition is part of the business strategy to promote its products and services within the market, as well as gain competitive advantage over other market players within the
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