Some key elements that could be included in a Creative Agency business plan include:
EX. Creative Agency X is a full-service branding, design, and digital marketing agency that helps businesses of all sizes stand out in today's crowded market. We specialize in creating compelling and effective campaigns across a variety of mediums, including print, digital, and social media. Our team of experienced professionals has a proven track record of success in the industry, and we are dedicated to delivering exceptional results for our clients.
Our mission is to help our clients achieve their business goals by providing them with the highest quality creative services. We understand that every business is unique, and we work closely with our clients to understand their specific needs and develop customized solutions that will help them succeed. Whether it's a new logo, a website redesign, or a comprehensive marketing campaign, we have the skills and expertise to deliver results that will help our clients grow and thrive.
With a focus on results and a commitment to excellence, Creative Agency is the perfect choice for businesses looking to take their marketing efforts to the next level. We look forward to the opportunity to work with you and help your business stand out in the marketplace."
It's a brief but informative summary of the business and its services, mission, and values. Also, it gives a little taste of the team expertise and highlights the importance of understanding clients need and providing customized solutions.It's important to note that you should make sure that your executive summary accurately reflects your business and its goals.
EX. Creative Agency X is a full-service creative agency that specializes in helping small businesses and startups establish their brand and succeed in today's competitive market. Our team of experienced professionals has a passion for working with entrepreneurs and business owners to create effective and affordable marketing solutions.
Our mission is to empower small businesses and start-ups to level the playing field with larger companies by providing them with the same level of professional, high-quality marketing that they would expect from a bigger agency, but at a fraction of the cost. We understand the unique challenges facing small businesses and start-ups, and we work closely with our clients to develop customized marketing strategies that are tailored to their specific needs and goals.
We provide a wide range of services, including branding, graphic design, web design, social media marketing, and content creation. We take a holistic approach to marketing, and we believe that every aspect of a business, from the logo to the website to the social media presence, should work together to create a cohesive and effective brand.
Our team of professionals have extensive experience working with small businesses and start-ups, and we are dedicated to providing our clients with the highest level of service and support. We understand the importance of building strong, long-term relationships with our clients, and we take the time to get to know our clients and understand their businesses inside and out.
In summary, Creative Spark Agency is the perfect choice for small businesses and start-ups looking to establish a strong, effective brand and succeed in the marketplace. With our commitment to high-quality service and support, we're confident that we can help our clients achieve their business goals."
This business description gives an overview of the agency's focus, services, and mission while highlighting the unique needs of small businesses and startups. it also mentions the cost-effective solutions the agency provides. With this, it gives a sense of the agency being unique, being experts in working with small businesses and startups, and being cost-effective.
Conclusion and next steps: A summary of the agency's business plan and a discussion of next steps, including any additional funding that may be required.
All functions of a business can use AI
accounting, marketing, operations, HR, legal, admin, etc...
AI using team > team alone
Apps like ChatGPT are allowing for people to learn and work faster and faster.
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WHO is the gross profit & who cares?
WHAT can you do with GP?
WHERE do you use GP numbers?
WHEN is it calcuated and used?
WHY people care about gross profit?
Not everyone, depends on factors such as size, goals, risk tolerance, and tax situation.
Tax advantage(s) and legal advantage(s).
Canada Revenue Agency: https://www.canada.ca/en/services/business/start.html
Any time.
Silicone Valley Bank & Signature
Could not pay all withdrawals
Mostly US operating bank
Friday March 10th
Too many people trying to take out $$ at once.
The T1 is for all Canadian residents.
A Canadian tax form for individuals to fill out. Looks like this, trust me, it's not that complicated, and most fields probably don't even apply to your situation.
Tax filing & payment due to CRA, file online @ wealthsimple.com
Every year before end of April.
Because CRA collects money needed fund rest of the gov't.
The T1 General Income Tax and Benefit Return is a tax return form that individuals use to determine their annual tax liability and claim federal or provincial benefits, such as the GST/HST Credit.
The form summarizes the taxpayer's income, deductions, and tax payable, as computed on supporting forms and schedules, and calculates any refund or balance due.
The T1 form consists of five parts:
1) Identification
2) Total Income
3) Net Income
4) Taxable Income
5) Refund/ Balance owing
Online, In-person, mail, Tax professional
To ensure timely submission, the completed T1 form and any outstanding balances are due by April 30th of the following year (by June 15th for self-employed individuals or common-law partners). If these deadlines fall on a weekend or public holiday, the deadline is extended to the next business day.
Because CRA
Business owners need to build a company track & stay on it.
Key Performance Indicators are common statistics & ratios a company would keep track of.
Pulled from business & financial reports
Always be keeping track of KPIs and perform variance calculations.
Ensure mone is being made.
WHO needs to know?
ROI important metric for business decision makers.
WHAT is ROI?
Rerturn on marketing spend is how much profit is made from a given number of marketing cost.
WHERE can you collect this data?
Marketing ROI = SALES CHANGE/ MARKETING SPEND
WHEN should you look at Marketing ROI?
Constantly
WHY pay attention to marketing ROI?
Determine what is most profitable for business.