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Business Plan- state Farm (Example)

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Business Plan (State Farm Mutual Automobile Insurance Company) Name Professor Course Date Contents TOC \o "1-3" \h \z \u 1.0Executive Summary PAGEREF _Toc499757373 \h 12.0Company Summary PAGEREF _Toc499757374 \h 32.1 Company Ownership PAGEREF _Toc499757375 \h 32.2 Company History PAGEREF _Toc499757376 \h 32.3 Company Location PAGEREF _Toc499757377 \h 63.0Services PAGEREF _Toc499757378 \h 64.0Market Analysis Summary PAGEREF _Toc499757379 \h 64.1 Market Segmentation PAGEREF _Toc499757380 \h 74.2 Target Market Segment Strategy PAGEREF _Toc499757381 \h 84.4 Service Business Analysis PAGEREF _Toc499757382 \h 94.5 Business Participants PAGEREF _Toc499757383 \h 94.6 Main Competitors PAGEREF _Toc499757384 \h 95.0Strategy and Implementation PAGEREF _Toc499757385 \h 95.1Market Strategy PAGEREF _Toc499757386 \h 105.2Sale Strategy PAGEREF _Toc499757387 \h 116.0Management Summary PAGEREF _Toc499757388 \h 136.1Management Team PAGEREF _Toc499757389 \h 136.2 Management Team Gap PAGEREF _Toc499757390 \h 136.3Personnel Plan PAGEREF _Toc499757391 \h 147Financial Plan PAGEREF _Toc499757392 \h 167.1 Important Assumptions PAGEREF _Toc499757393 \h 167.2Break-even Analysis PAGEREF _Toc499757394 \h 167.3Projected Profit and Loss PAGEREF growth the slow growth of the country’s economy of 4% per year. We also assume that as the management team we will also grow during this period. We also assume increase popularity and marketing of State Farm across the country to increase sale of 20% per year. Table: General Assumptions General Assumptions Year 1 Year 2 Year 3 Plan Month 1 2 3 Current interest Rate 10% 10% 10% Long-term Interest Rate 10% 10% 10% Tax Rate 25% 25% 25% Sales on credit % 10% 10% 10% Other 0 0 0 Break-even AnalysisProjected Profit and LossProjected Profit and Loss Year 1 Year 2 Year 3 Production & Service Compensation $159 468 $294 659 $386 047 Premium Builder Payments $126 500 $121 000 $92 500 Scorecard/Signing Bonus $18 000 $37 000 $28 000 Total Expenses $274 188 $293 240 $391 450 Total Net Income $29 780 $159 419 $115 097 [...]

Order Description:

I NEED A 10-12 PAGE BUSINESS PLAN ON STATE FARM. STATE FARM IS A INSURANCE COMPANY IN THE USA.

Subject Area: Management

Document Type: Poetry Prose

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $105

Words 3300

Pages 12

Completed in 2 days

Expert ProfKyuli

Client Review

amazing writer

Positive
11.30.2017

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