Parts of a business plan

Business Plan: Euphoria, Inc. Night Club

Euphoria, Inc Night Club is a famous and unique company that deals with a variety of products and services that it provides to its clients. People [of different categories >to clarify what this means and class levels find it encouraging t>mispelled enjoy the company’s services since it offers affordable video and theatres >theater services, recreation and enjoyable places for single and [coupled persons>couples to enjoy, tattoo and body piercing services to its clients among many other services. > Better to indicate one or two additional services offered This [enhances more income >need better wording to be realized by the company itself. Okay, but it also costs more to provide all these different services. The company looks forward to establishing many premises in different regions in the country involved (Mariana, 2012). However, the company faces some problems and market difficulties missing punctuation and therefore it is important to evaluate them in this business plan paper. This paper will focus on the business plan of Euphoria, Inc Night Club involving the problems the company faces and possible solutions, market segmentation and target clients among other aspects. Good story really need to make sure that it is very clear what the nightclub offers.

The company also has another category of market segmentation that include[s] the college, secondary and university students.  This category of people enjoys the Euphoria, Inc Night Club services more often. Most of them are in the peer groups that motivate them to find more pleasure in enjoying the company’s products. This category of target market and client to the Euphoria, Inc Night Club has a taste for most all of the services and products produced by the company. Target market is to be addressed in the section below. This section is to indicate the solution to the problem identified in the paragraph above. The most products most enjoyed by this category >group are the tattoo and piercing of their bodies for both male and female clients. They enjoy this [to serve as pride >need better wording and to be updated by the peer fashions and actions not to be seen as naïve. Euphoria, Inc Night Club company sale >sales a large volume of products in terms of entertainment and hotel services to these clients. This is because the students have enough free time for enjoying >enjoy these services more frequently especially now that the company’s products are affordable to them > need to clearly indicate how these products are affordable because this is not an age group that has a lot of discretionary income (Elwood, 2001). Most of them are in sexual relationships and this provides the best appropriate places for them to enjoy with their partners. Again, they can be assured of clean and safe services offered by the company in terms of hotel products and tattooing services.

Beside this, the company enjoys sales of its products to tourists and business travelers. They form another category of market segmentation of the Euphoria, Inc Night Club. As tourists come to visit places in the involved region, they must have some places for enjoyments. >enjoyment This includes the entertainment >use of audio and video products offered by the hotel company especially when the hotel is popular to them. Business travelers on the other hand found it most appealing to enjoy the hotel services [of wide menu >need clear wording as to what this is referring to in the Euphoria, Inc Night Club (Elwood, 2001). This section needs to focus strictly on how Euphoria Inc. Night Club solution to the problem identified in this section. The target market is to be under the market section below

This section was also to be completed. This section is to identify the market size and market segments/ target market for your product/service. Some of that information is above and needs to be moved here.

Euphoria, Inc Night Club faces some wide range of problems that affects it business operations as far as the target market is concerned. To start with, the company is faced with high competition from similar companies such as Bar B and this gives it a great challenge in undertaking its operations. The company is also less popular to some regions and this incontinences it from enhancing a healthy competition with similar companies (Elwood, 2001). The company also faces low profitable sales due to the high taxes imposed to it by the government regulation. The government regulation is fond of discouraging many services to the clients such as limiting the drinking of the citizens as far as alcohol is concerned among other services the company deals with. Therefore, the company needs to increase its sales by establishing appropriate solutions and strategies that will help it achieve its objectives. In addition, the company is accused of encouraging some bad behaviors among different individuals in the market segments that it serves. This includes encouraging of sexual behaviors among secondary undergraduate students that come to enjoy the company’s products.

Euphoria, Inc Night Club may implement several appropriate solutions to its problems to help solve the problems it faces in its business operations. The company intends to establish large place in the various regions that will accommodate up to 750 people to enjoy its services. This will increase its popularity in many places. In doing this, the company will be able to increase the sales volume of its products and services that will help reduce the high impact of taxes from the government. Increase in the company’s popularity will serve as a form of advertisement of its services and this will help it to compete healthy with other similar companies (Mariana, 2012). The company again should establish several regulations to help prevent underage persons from engaging in unaccepted behaviors while in the company premises to improve its name. Additionally, the company needs to have well-organized form of financial records keeping to prevent the accusations of finance embezzlements by the investors.

Euphoria, Inc Night Club serves a wide range of clients and customers. The company’s products and services attract many categories of people. The video and audio theatre products and entertainment services attracts both single and coupled adults to come and enjoy in this place. The adults including those in young professionals find it interesting to come and enjoy these services. Those in working class brackets usually have no time to enjoy themselves during the working hours. These adults come to Euphoria, Inc Night Club for variety of recreational services that include recreational services, video and audio entertainment alongside low priced menu of the hotel products and foods.  Those with low income are able to afford the Euphoria, Inc Night Club product and service especially those who wish to have tattoos to be made on their bodies. They believe the company tattoo theatre to be clean and safe and so they become attracted to the company services (Baldwin, Miller, Stogner & Hach, 2012).

Euphoria, Inc Night Club has established many strategies to serve its clients through a variety of products. The most efficient strategies employed by the company include creating awareness of the products of the company to regions having no knowledge of them (District, 1995). This is done through focusing the awareness creation to the target markets. The company also emphasizes the products to be exceptional to from those of similar companies.