Milestone Four of the business plan consists of you demonstrating that your business can be viable and profitable. Existing businesses can use historical data, whereas start-ups will use projections based on your “best estimates.”
Your financial plan should include the following information:
sources and uses of capital (where your money is coming from and how you are going to spend it).
cash flow projection.
balance sheet (assets owned and liabilities owed).
profit-and-loss statement (sales revenues and expenses, either actual or estimated).
break-even analysis (how much product you need to sell to cover your expenses).
You can submit your financial plan either in paragraph format or in chart format.
SEE ATTACHMENT FOR AN OVERVIEW OF THE COMPANY
USANA Health Sciences
How its Mission Statement Functions as a Strategic Planning Guide
By connecting its purpose and aspirations with their strategy for development and a business model in which to measure their achievement (University of Minnesota, 2018), USANA Health Sciences mission statement was developed with a meaningful strategic plan that guides and set the fundamental layout of the foundation for its future success and decision-making.
“At USANA, our mission is to develop and provide the highest quality, science-based health products, distributed internationally through network marketing, creating a rewarding financial opportunity for our independent Associates, shareholders and employees (USANA Health Sciences, 2018).”
USANA Health Science states its desires, abilities and span of how the organization will make their customers happy and how they will attain their goals; as well as a structured guide by producing outstanding health products that are supported by scientific studies, which is specify through “develop and provide the highest quality, science-based health products (USANA Health Sciences, 2018).” Additionally, based on the lack of high caliber in nutritional products, the statement shows the challenges and opportunities, as well as the impact the organization has made in people lives. The mission statement also gives a break-down of the international distribution of market operations and how this growth will globally successfully execute the organization objectives. To support the organization employees, independent business owners, and stakeholders they profile the business representation of operation through network marketing and how it will measure their value and financial success (USANA Health Sciences, 2018). USANA’s mission statement encapsulate the company and gives a snapshot of their purpose that strategically guides their planning process. It is revealing a need to develop the “highest quality, science-based health products (USANA Health Sciences, 2018)” and addresses the current market environment. USANA is not as crystal clear in stating its future objectives; nevertheless, the progress of finding factual science addressing technological concerns and health products, which unfortunately and unavoidable is time consuming. Its aim to meet its objective for operation, and the impingement it will have to its stakeholders comes through comprehensible with an international operation, and naming those who are and may be involved as stakeholders.
How USANA Health Sciences mission statement incorporates the company’s philosophy of social responsibility and ethical standards
USANA cares deeply about its social responsibility and has analyze external warnings and contingency in the standard of the company’s nutritional health products. Speculating other products poor quality due to the lack of scientific support, as well as presenting their technical strengths and ability to provide the highest-quality science-based products. As they flourish and promote above average nutritional products, their ethical standards and value of doing the right thing depicted all through their mission statement as stepping into their social responsibilities and creating a higher standard for the health industry by dominating the way and developing science-based quality health products for their stakeholders. A considerable amount of substantiation proof that USANA’s mission statement is acknowledged by the “Direct Selling Association (DSA) Code of Ethics Communication initiative by adhering to high ethical business practices within direct sales… for the seventh consecutive year” (CISION PR Newswire, 2016, August).
Everything considered, the mission statement is distinct to its motivation, focal point and easily remembered with their intention and how they will perform and successfully complete business on behalf of their stakeholders, customers, associates, and employees.