PET GROOMING BUSINESS

BUSINESS AIMS

•Noa has two goals that she wants to achieve when opening his business.
An increase in brand recognition
Business growth
 FACTORS AFFECTING THE BUSINESS OBJECTIVES

Physical resources
The physical resources include tangible items that are necessary and available for a business to function.
Service-based businesses use physical resources to facilitate the delivery of the service, such as having a
space to work, tools that are needed for the service, and resources used to support the service.
Financial resources
Operations decisions often involve significant investment and cost The financial position of the business
(profitability, cash flow, liquidity) directly affects the choices available
Human resources
For a services business in particular, the quality and capacity of the workforce is a key factor in affecting
operational objectives.
 BUSINESS MODEL

•The term business model refers to a company's plan for making a profit. It identifies the
products or services that the business plan plans to sell, the target market, and any anticipated
costs. Business models are important for both new and existing businesses. They help emerging
companies attract investment, recruit talent, and motivate management and staff. Established
companies must regularly update their business plans, otherwise they will not be able to
anticipate future trends and challenges. Business plans help investors evaluate the companies
they are interested in.
 5 C’S ANALYSIS

•Option 1 - building owner,

•In the first case, there are no competitors, since Noa's store is located far from the city
center and there are no more services that he provides nearby.
•2 people Noa and one more person.
•Option 2 - you work with an existing store
•Competition exists, since there is a store that already exists, which has regular
customers
•Noa works alone.
 ANSOFF THEORY

•Market growth rate: it was predicted that in the next 5 years, this business will grow by 10%
•The level of consumption of the goods: Options 1 - the level of consumption is higher, since there
were no such services in the region, because of this, the level will be higher, since the bulet is in great
demand
•Options 2 - an increase in consumption at an average level, since there is another store in the
district that provides the same services.
•Options 1 and 2 follow these directions.
•Market Penetration: This aims to increase the sales of existing products in the existing market.
•Market Development: This strategy is focused on entering a new market using existing products.
MARKET DATA
 FINANCIAL ANALYSIS

•Financial analysis is the process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their

performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough

to warrant a monetary investment.

 CONCLUSION AND RECOMMENDATION

•From the above (analyzes, calculations ...) the following conclusions can be drawn.
Option 2 is better than option 1 for starting a business in a fixed location
•I would recommend developing gradually. First, opening a grooming salon next to
an existing pet care store, since the salon will be (for a while) in the center, this could
add customers for Noah. Then, when Noah has saved up money, he will be able to open
his own pet grooming salon, separate from others. This will help prevent losses (since he
will already have money, savings and regular customers).
THANKS!