During the past 3 weeks, you have articulated several aspects of your planned new venture

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During the past 3 weeks, you have articulated several aspects of your planned new venture. Compile all of your writing and research, and put it into a business plan wireframe. The framework should include the following sections:

• Mission statement (based on your Phase 2 IP)
• Vision statement (based on your Phase 2 IP)
• The product or service (based on your Phase 2 DB)
• Market opportunity (based on your Phase 3 IP)
• Competitive environment (based on your Phase 3 IP)

Add the following sections to your plan:

• Statement of ethics
• Statement of social responsibility

Five steps are used to determine the business decision process that includes the idea of the environment, identification of the opportunity, development of the opportunity, evaluation of the opportunity, and evaluation of the team. I would surely use this process for getting success in the market. The first step that I would use to determine the opportunity of the business decision process is taking the idea of the environment where I want to do my business so that the business can attract the customers and the chance of getting success can be increased. In the second step, I would surely determine different opportunities and select the most suitable and appropriate one to flourish. Further, I would also develop different opportunities and evaluate them to find the most appropriate opportunity. Thus, it has become clear that I would efficiently succeed in my personal and professional life (Lunenburg, 2010). There is no doubt that all the processes are important for devising the products or services to create a successful business concept. Still, I would evaluate the decision to become clear whether the customers are getting benefits from the products. They become able to get the product according to their needs and requirements because customers are the main target audience of the organizations. Then, I would evaluate so that I can succeed with the implementation of that decision in the workplace. Therefore, I can say that evaluation of the decision is the most significant and efficient step of the entire decisionmaking process, and I would also use it in my professional life (Monroe, 2013). My product or service can be turned into a business because I am concerned about determining the methods and steps needed to start a business. I am very serious about this topic, and I wanted to start my own business because I have found from the experiences that chances of a profit rate increase in this process. Moreover, I have different skills that I can use in business, and they can also help me make a good reputation in the market. Thus it has become clear that my products can easily be turned into a business, but a lot of time and effort would be needed for this process. The demand for the product would come from online sources because I would target the customers by use of social media applications. I have found that different social media applications can help people start their businesses on a small scale. However, the traditional business requires a lot of money and effort; therefore, I would use this process to save my money and gain success in the market because online business has increased in both developed and developing countries. In the economic sphere, business organizations endeavor to be competitive and sustain their competitiveness; however, not every business organization operates in the same market niche or offers the same product. For example, Apple Inc., under the leadership of Steve Jobs, was the first organization to design and make a smartphone. However, over time, many new competitors are making similar products; despite the entrance of new competitors, Apple Inc. sustained its competitive advantage by being innovative. The example of Apple helps in explaining the nature of the business sphere; competition will always arise. I hope to start an eatery. The business entails making fast foods for dinners, travelers and other people interested in takeaways. The nature of the business will compete with established businesses such as McDonald's, Jack-in-the-Box, and Burger King. Why I want to start the venture The business organization is entering a market with established brands; however, regardless of the competitors, the eatery will be created because it needs to offer unique foods that would satisfy the clients’ expectation both culturally and socially. The foods in the eatery will be made to order, which means it will be tailored to suit the client’s social and cultural aspects. Furthermore, the business will be started to offer alternative space, and dinner place that address clients' expectations. Importantly, the business will also be started to gain profits to the shareholders, 1) Business Blogging Services on Mass Markets Business blogging is a marketing agency that helps firms and corporations increase online prospect and brand cognizance. Business blogging targets a mass market because of the many people who depend on the internet. Most business bloggers have a large following from different people and don’t have target groups; they depend on people viewing their posts (Stenius, 2015). Blogging is a brand, and if it has authentic information and services, people will follow it and advertise the product there. Different bloggers use different strategies to reach their people, and the method will determine whether they will be international or local bloggers. Some bloggers have an international following, and they sell their products and services to people globally. Business blogging reaches a mass market because, with tight schedules for people and high access to the internet and smartphones, people prefer visiting blog sites to get more information on products and services they need. 2) Profitability of Business Blogging Business bloggers make money by creating business directories that combine a list of frequently asked products and services and approach relevant businesses to sign up for business directories. The strategy helps the bloggers get money from different companies, hence making profits (Wainwright. 2015). Bloggers get good earnings from promoting affiliate products because they comprise many revenues for most business bloggers; they look for affiliate products with high price points that guarantee good payouts per sign-up. Business bloggers have specialized areas of business and can offer consulting services at a fee for different niches. Charging people for phone, Skype, and email advice helps bloggers make enough money. Business blogging is profitable, and some people depend on it for their living. There are enormous business brands that use bloggers to advertise their products and pay them. For example, a franchise company like Honda can have a new car brand that people don’t know; they will contract a business blogger who, through their channel, will advertise the car. The companies will pay the bloggers depending on their agreements, and both will benefit. Business blogging is profitable through writing tutorials which are great for getting links and social shares (Wainwright, 2015). The tutorials can have affiliate links for different products and promote other products being sold in the tutorial, making money by selling more products and selling the tutorial. Bloggers are known for writing sponsored posts because they are effective ways for businesses to reach their audience. Bloggers charge the sponsored posts depending on their volume and the targeted audience, making money (Wainwright, 2015). With an in-depth knowledge of a business niche, bloggers can write eBooks and sell them in their blogs; due to information in the eBooks, people can buy them and help them make money. Business bloggers make money through sale merchandise, which is easy with a plug-in like Woo-commerce; incorporating it with other blogger products is an excellent way of making good cash for blogs. (Different ways bloggers use to increase profitability) Bloggers who have personal businesses can use their blogging channels for advertising their products, and due to their large following, they make high sales hence large profits. Business bloggers are also used to publish business articles given to them by politicians or business people to reach the public. The bloggers charge different prices for different types of essays and products hence high profitability. Bloggers can reach out to relevant businesses ad offer reviews for their products and services at a fee (Ferguson, 2010). The reviews will be helpful to the business because they will increase brand awareness, but they will also help the bloggers make money. 3) Competition in Business Blogging Blogging is competitive because of the increased use of the internet to get all the information people want (Stenius, 2015). Many bloggers in the industry make the industry competitive; bloggers have to strategize on other ways to remain relevant. Bloggers should diversify their platforms to target more people on their sites; they should set different accounts across different platforms with the same branding and imagery to generate more followers. Bloggers should involve their readers in their posts by building a deep connection to make the business blooming. Bloggers should ask their audience questions to know what they expect from them and what they need to change then adjust to meet customer needs. (A chart showing how bloggers are increasing by day hence more competition in the business) Standing out in content is essential for bloggers to reduce competition; they have to provide unique content that is entertaining and educating to their readers. Quality and quantity in business blogging are critical because they increase success in the industry and reduce competition; bloggers should be willing to produce excellent content in abundance. To stand out in the blogging industry, bloggers should major in helpful content rather than viral content because valuable content will forever be educative and generates steady traffic over time.