You will build your company description. Compile the information into the company description section for your business plan. At a minimum, your description should income the following: Part 1 Business name Legal Form Management/Leadership Location Part 2 Development stage Financial status Part 3 Products and services Patents and licenses

QUESTION

Week 2 Assignment: Company Description (PO7, CO1, CO2, CO3, CO4, ILO.B.AL.1, SK.2)

You will build your company description. Compile the information into the company description section for your business plan. At a minimum, your description should income the following:

• Part 1
  • Business name
  • Legal Form
  • Management/Leadership
  • Location
• Part 2
  • Development stage
  • Financial status
• Part 3
  • Products and services
  • Patents and licenses

Please review attached assignment rubric

Minimum 2 pages

Business Professional Format

Do not submit an entire business plan

“DIY K-9 KIT”- My idea is on having a home dog training course and a kit. The kit will be in such a way to be put together by the customer of the idea. The kit is designed to include cones, ramp, treat bag, tunnel, command platform and shock collar. There will also be a study guide booklet that will teach the customer step by step on how to go about to the training the dog. There will also be an APP where the customers may download in their smart phones and thus allow the customers to link with a professional dog trainer. There will also be a tracker to see the progress of the dog as well as marking goals and timelines all along the way. The first week after the customer will use the app for free and then choose the option of purchasing the subscription monthly.

ANSWER

Company Description: DIY K-9 Kit

Part 1

Business Name: DIY K-9 Kit

Legal Form: The DIY K-9 Kit operates as a Limited Liability Company (LLC), providing liability protection for the owners while allowing flexibility in management and taxation.

Management/Leadership: The DIY K-9 Kit is led by a team of experienced professionals in the field of dog training and product development. The management team consists of a Chief Executive Officer (CEO), a Chief Operating Officer (COO), and a Chief Marketing Officer (CMO), who collectively oversee the strategic direction and day-to-day operations of the company.

Location: The headquarters of DIY K-9 Kit is located in a dog-friendly city, strategically chosen based on market research and accessibility to target customers. The location provides proximity to a supportive community of pet owners and potential partnerships with local dog trainers and pet stores.

Part 2

Development Stage: DIY K-9 Kit is currently in the final stages of product development, focusing on fine-tuning the design and functionality of the training kit and study guide booklet. Extensive research and testing have been conducted to ensure the effectiveness, durability, and safety of the training materials (Singh, 2023).

Financial Status: The company has secured initial funding through private investors who recognize the potential of the DIY K-9 Kit. The funds have been utilized for product development, marketing efforts, and initial operations. As the company prepares for the product launch, additional funding will be sought to support manufacturing, marketing campaigns, and ongoing operational expenses.

Part 3

Products and Services: DIY K-9 Kit provides a comprehensive home dog training solution for pet owners. The kit includes a range of essential training equipment, including cones, a ramp, a treat bag, a tunnel, a command platform, and a shock collar (Studypool Homework Help – 24544471 Strategic Analysis for Diy K 9 Kit  Training Center, n.d.). These items are designed to be easily assembled by customers, providing them with the necessary tools to teach their dogs basic obedience commands, agility training, and behavior modification in the comfort of their own homes.

To complement the physical components, DIY K-9 Kit offers a detailed study guide booklet. This booklet serves as a step-by-step instructional resource, guiding customers through the training process with clear instructions, training tips, troubleshooting advice, and insights into dog behavior. The study guide booklet ensures that customers have access to valuable information and guidance throughout their dog training journey.

Furthermore, DIY K-9 Kit provides an innovative mobile application. The app allows customers to connect with professional dog trainers through virtual consultations, ensuring personalized guidance and support. Additionally, the app features a tracking system that enables customers to monitor their dog’s progress, set training goals, and establish timelines. The app also includes a library of training resources, videos, and interactive features to enhance the overall training experience.

Patents and Licenses: DIY K-9 Kit has taken proactive measures to protect its intellectual property. The company has filed patent applications to secure its training equipment’s unique design and functionality (Julius K9®: Harnessing Innovation to Meet Dog Lovers’ Needs – Julius-K9® Dog Harness, 2023). Additionally, DIY K-9 Kit has obtained all necessary licenses and permits required to operate as a provider of dog training solutions, ensuring compliance with local regulations and standards.

In conclusion, DIY K-9 Kit is poised to revolutionize home dog training by offering a comprehensive and user-friendly solution. With its high-quality training kit, informative study guide booklet, innovative mobile app, and access to professional trainers, DIY K-9 Kit empowers dog owners to train their pets effectively and conveniently. By combining technology, expertise, and a commitment to pet well-being, DIY K-9 Kit aims to establish itself as a trusted and go-to resource for dog training worldwide.

References

Julius K9®: harnessing innovation to meet dog lovers’ needs – Julius-K9® dog harness. (2023, June 7). Julius-K9® Dog Harness. https://julius-k9.com/julius-k9-harnessing-innovation-to-meet-dog-lovers-needs/ 

Singh, S. (2023). What are the Seven Stages in the New Product Development Process? Insights – Web and Mobile Development Services and Solutions. https://www.netsolutions.com/insights/everything-about-new-product-development/ 

Studypool Homework Help – 24544471 Strategic Analysis For Diy K 9 Kit  Training Center. (n.d.). https://www.studypool.com/documents/1179232/24544471-strategic-analysis-for-diy-k-9-kit-training-center