Chat with us, powered by LiveChat Before working on this discussion post, review the appropriate guidelines for your selected company: Snack Food Company Guidelines [PDF] Download Snack Food Company Guidelines [P - Writeedu

Before working on this discussion post, review the appropriate guidelines for your selected company: Snack Food Company Guidelines [PDF] Download Snack Food Company Guidelines [P

Before working on this discussion post, review the appropriate guidelines for your selected company:

This Week's Discussion Post

For this week's discussion, please respond to the following:

  • Describe how your business operations will work. In other words, you want to explain the day-to-day flow of activities necessary to deliver your product or service to customers. Wherever applicable, identify costs. Be sure to address the following, if applicable to your chosen business, in the post:
    • Facilities.
      • Describe the facility, including its location.
      • Specify whether it is rented or owned; include any associated costs.
      • Estimate the cost of utilities, such as water/sewer, gas, electricity, and trash removal.
    • Production Process.
      • Describe the production process (how you will produce the product) or describe how your business will operate if retail or service company.
      • Identify the equipment you will use and associated costs.
      • Describe the capacity to produce the product.
      • Explain your approach to quality control.
      • Explain your approach to inventory, as applicable.
      • Where do your supplies come from?
      • What is your turnaround time to produce your product once you have received an order?
    • Research and Development.
      • Explain how you will stay abreast of new industry developments.
      • Describe the new products or services that are in development.
    • Personnel Needs in Operations.
      • Specify the number of operations employees you plan to have.
      • Describe their roles.

Post at least one substantive comment to another student's post.

Important Notes: 

  • Textbook Chapter 11, "Operations," pages 195-224, provides examples, worksheets, and a sample operations plan.
  • You will be using the information from this discussion post and the feedback you receive in your Week 8 assignment, Operations, Technology, Management, and Social Responsibility Plan (With Financials), to complete the Operations section of your business plan.
  • Start your response with a brief description of your business (no more than 3 sentences). Specify your company name, what business you are in, and the specific product(s) or service (s) you plan to sell.
  • Important; A substantive comment is at least 4-6 substantive sentences in length, sharing examples, your perspective, resources, your experience, making connections, asking questions, etc.

SNACK FOOD COMPANY GUIDELINES • You must build your business plan using the information included within these guidelines.You can add to this information as needed. • You will create a business plan for a company operating in the snack food industry. • The instructor will approve your company in a reply to yourWeek 1 discussion post in which you will describe this business.You will revise your

work based on feedback provided. • You will be the CEO of the new business. • You will develop the business plan with the intention to raise funds and increase sales.

Key Business Plan Parameters

Key Parameter Explanation Business Size You are a startup not yet in operation. You have the recipe for the snack, and you have been operating from your home, but sales

are small. You were selling the product for $3 per item at a cost of $1. You will develop the business plan with the intention to raise funds and increase sales. Your sales must be over $1 million by the end of the second year.

Product You must focus on a snack. You decide what the snack will be and whether it will be sold in individual sizes or wholesale. The Snack Food industry produces snack foods, such as potato and corn chips, pretzels, roasted and salted nuts, nut butters, popcorn and other similar snacks.

Market Size You will start marketing and selling the product in your geographical area within a 100-mile radius from your home.

Existing Funds You received $50,000 from your grandmother as a gift, and you borrowed $30,000 from your family and friends.

Intention to Raise Money

To grow the business further, you will need funds from outside investors, either angels, venture capitalists, a group of individual investors on Kickstarter.

Facility You will rent.

Employees You will have employees, and you will develop your own organizational hierarchy.

Annual CEO Salary

As CEO your salary will be $60,000 the first year, $120,000 the second year, and finally adjusted to $160,000 for all remaining years in the position.


Specific Business Details This table identifies specific details you must use for your snack company business plan. Reflect any costs in your business plan narrative and in the Business Plan Financials Excel Template. The f inal column specifies the specific worksheet within the Business Plan Financials Excel Template where you need to input data.

Item Worksheet Within the Business Plan Financials Excel Template


• 2 machines to produce and package the product @ $10,000 each; about 50 bags per minute each

• 2 vans for distribution @ $15,000 each • 3 computers @ $1,400 each • Software for inventory, payments, and customer accounts management • Printer

Capital Expenditures Worksheet

PERSONNEL Current Personnel

• CEO (you) • 1 part-time production worker @ $15.00/hour (20 hours/week) • 1 IT support person @ $25.00/hour (20 hours/week) • 1 paid consultant (your neighbor); retired executive in the snack food

industry Considerations: Your goal is to reach sales of over $1 million by the end of the second year. You will need to hire additional personnel to meet this goal. Potential additional hires include: • 2 production line foremen • Production employees (more than one shift)

o Business size of business will determine number • Maintenance staff

o Business size will determine number • Additional employees according to your preferences

Staf f Budget Worksheet


Item Worksheet Within he Business Plan Financials Excel Template

BUSINESS EXPENSES Marketing Expenses Professional Services

• Consultant (your neighbor); 1st year only • Attorney • Accountant • Industry specialist

Inventory Purchases (as needed) Additional Expenses

• Telephone/fax • Business insurance • Off ice supplies • Mailings and postage • Building maintenance • Utilities, including

o Water/sewer o Gas o Electricity o Trash removal

Marketing Budget Worksheet Professional Services Worksheet

Inventory Worksheet Income Statement Worksheet


• Balance in the bank • Gif t from grandmother • Loan f rom relatives and friends

o This is to be paid by the end of the second year of operation with 5% interest.

Future Funds You will need to raise funds from investors. You will determine this based on how much you plan to grow the business. Reminder:

• You will need to pay taxes. • You will determine sales projections.

Capital Investments Worksheet

Cash Flow Statement Worksheet Sales Projections Worksheet


Guide to Complete the Business Plan Financials Excel Template The Business Plan Financials Excel Template is the base pro-forma financial statement for your business. Complete the worksheets in order.

Worksheet Data Entry Worksheet #1: Set Up and Assumptions Line 9–Enter the month the academic quarter starts.

Line 12—Enter the year the academic quarter starts. Line 15–Enter 2; you choose the number of product lines you will have up to 10 lines. Line 21—Standard default is 30 days; you may adjust this for your business. Line 43—Enter $15,000; this is the money you currently have in the bank.

Worksheet #2: Sales Projections Speculate how much your company will grow and how much you will sell. Ref lect this information in the Operations Section of your Business Plan (Week 5 Discussion and Week 8 Assignment). You need to reach sales of over $1 million by the end of the second year.

Worksheet #3: Inventory (Adjust These Figures Line 7– Enter the cost of ingredients. As Needed) Line 8—Enter the cost of bags.

Line 9—Enter the cost of cartons to package the products. Repeat these three lines for each product line.

Worksheet #4: Capital Expenditures (applies to purchased NOT leased equipment)

Insert the cost of the equipment, vehicles, computers, et cetera, you decide to purchase.

Worksheet #5: Staffing Budget Account for every paid employee using the appropriate lines for the six categories of employees

1. Management 2. Administrative/Support 3. Sales/Marketing 4. Operations/Production 5. Other 6. Part-Time/Hourly

Indicate when their employment will start according to the Operations and Management and Organization sections of your business plan.

Worksheet #6: Marketing Budget Enter the cost for the marketing vehicles you plan to use. (Discussion 4 and Assignments 2 and 3).

Worksheet #7: Professional Services Line 6—Enter $3,000.00. Line 7–Enter $2,500.00. Line 9—Enter $2,000.00 Line 11—Enter $10,000.00 (f irst year only)


Worksheet Data Entry Worksheet #8 Capital Investments Worksheet Equity Capital Investments

Line 6—Gif t—Enter $50,000.00. Loans (Friends and Family) Line 24–$30,000 Note: The loan period = 24 months; interest rate = 5%

Worksheet #9: Income Statement Enter the cost of your expenses; see Business Expenses in the table that appears under the Specific Business Details section of these guidelines.

Worksheet #10: Cash Flow Statement Pay off taxes. Worksheet #11: Balance Sheet This will automatically populate from the other completed worksheets.


Resources on the Snack Food Industry

These resources are a good starting point for you as being researching the snack food industry.

C. Barnes. 2020. 2020 U.S. industry & market report–NAICS 31191: Snack food manufacturing, 1–196.

Jan Conway. 2018. U.S. Snack Foods Industry—Statistics & Facts. Statista. foods/

Patrick Limdico. 2019. 47 Snack Food Industry Trends and Consumption Statistics. Foodtruck Empire.

Douglas J. Peckenpaugh. 2019. State of the Industry 2019: Defining the Future of Snacking. SF&WB.

L. Petrak. 2019. Mindful Munching: The Evolution of Mealtime Is Fueling the Trend Toward New Kinds of Nibbles. Progressive Grocer, 98(5), 50–54.

Statisa. No date. Consumer Market Outlook: Snack Food; United States.

Mordor Intelligence. No date. Snack Food Market—Growth, Trends, and Forecasts (2020–2025).


  • Key Business Plan Parameters
  • Specific Business Details
  • Guide to Complete the Business Plan Financials Excel Template
  • Resources on the Snack Food Industry

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

Do you need help with this question?

Get assignment help from Paper Writing Website and forget about your problems.

WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.

With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Chat with us today! We are always waiting to answer all your questions.

Click here to Place your Order Now