Premium Essay

A Business Plan as an Entrepreneur

In: Business and Management

Submitted By Nayeem005
Words 1017
Pages 5
Executive Summary

Bangladesh is one of the developing countries of the world. Recently the high growth rate of economy states that the people are having more buying power to meet their needs. So many people are shifting their transportation system from public transport to private car. Thus the automobile industry of Bangladesh has an exponential growth rate. So hitting at this growing market will be a great opportunity. So I am going to open a car shop which aims to buy and sell Toyota, Tata & Maruti which will be situated at kakrail. The budget is needed to start the business is ৳200,000,000.The ownership nature will be mix of partnership & bank loan. Moreover there will be moderate promotional cost for our business. We will be following differentiated marketing strategy to target our customer. Usually customers don’t find a good after sales service, however we will provide a better after sales service which will give our business a competitive advantages over our competitors.

Name & Address of the Business The name of the business will be “Bahon” car store. The store will be situated at Karkrail. The address of the car store is 86/1, Inner Circular VIP Road, Naya Paltan, Dhaka 1000, Bangladesh. This business aims to serve a huge number of customer. Hats why it’s situated in Kakrail.
Nature of business

This is a car buying and selling store. The low ended cars like Toyota, Tata and Maruti Suzuki will be sold through the shop. Moreover people can also sell their used car though our shop. So the people who are intending to buy a new car with a limited budget the will come to our shop, on the other hand the people those cannot buy a new car due to their budget shortage they can also buy from those used cars. So in this way this will be a profitable business in this growing automobile market.
Statement of Financing Needed

For this business the…...

Similar Documents

Premium Essay

Business Plan

...FACULTY Of Entrepreneurship And Business ENTREPRENEURSHIP AFT 1013 BUSINESS PLAN SANDWICH LAND GROUP : L4T3 GROUP MEMBER: Michelle Lee Yueh Jia A12A236 Michelle Dagny Christopher A12A235 Lee Heng Ee A12A769 Lim Siew Hui A12A773 Mira Binti Abdul Rasyid A12A238 Mohammad Aman Bin Ghani A12A255 Loo Chee Soon A12A774 Nur Fatin Binti Idris A12A791 Contents 1.0 Executive Summary 1.1 Objective 1.2 Mission 1.3 Keys to Success 2.0 Introduction 3.0 Purpose 4.0 Business / Company Background 5.0 Background of Partners / Shareholders 6.0 Administrative Plan 7.0 Marketing Plan 8.0 Operation Plan 9.0 Financial Plan 10.0 Summary 1.0 Executive Summary 1.1 Objective For students who like to eat prawn noodle, keropok lekor, and jagung bakar. Well we already acknowledge that we can buy the keropok lekor and jagung bakar at the night market (pasar malam) However, prawn noodle its something difficult to find in Pengkalan Chepa, and that’s why we are selling our main course, Prawn Noodle. 1.2 Mission - To be among the modest company in Pengkalan Chepa. -Gaining profits by providing our customers the best dishes in town. -Becoming one of the effective and successful entrepreneur in Malaysia. 1.3 Keys to Success - Besides jagung bakar and keropok lekor, we...

Words: 1893 - Pages: 8

Premium Essay

Business Plan

...|Qatar University | |College of Business and Economics | |Course Syllabus - Undergraduate | |Course Name: Entrepreneurship & Small Business Management-14478 | |( Course No: MAGT 303 – L52) | |(FALL, 2012) | |(Web Site: qu.edu.qa ) | | | | |Department Information: |Instructor Information: | | |Instructor: Dr.......

Words: 1971 - Pages: 8

Premium Essay

A Business Plan

...Presenting Business Plans Information American InterContinental University Abstract This paper is written on a business plan started up by an entrepreneur. In a business of entrepreneurship you have to have a set business plan along with a great management team to be successful and stay in business. In this paper I will explain the entire business plan and what it takes to be successful. If you’re going to start your own entrepreneurial business you have to have good beneficial methods and a good well-suited business plan. Your plan should include the description of your business, your marketing strategy, and your organizations objectives (Chron, 2012). The new entrepreneurial business will first explore its description. The description of a particular company gathered from a proprietary database via phone books/ phone surveys, ECT. The business description begins with a short description of the industry. When talking about the industry you should discuss the present outlook as well as future possibilities. You should include all the various markets within the industry and make sure you include all new products and developments that will benefit your business. All observations should be based on realistic events, reliable data, and dependable sources of information. If you’re seeking funding all these objectives are very beneficial. This is because investors will want to know how dependable your information is and what is at risk for them. Investors won’t......

Words: 1755 - Pages: 8

Premium Essay

Business Plan

...Objectives 5 1.4 Keys to Success 5 2. Brief history of business 6 2.1 Definition of the market 6 2.1 Critical needs of market and Risk 7 3. General profile of targeted clients 8 3.1 Description of products and services 9 3.2 Competitive edge 10 4. Management and organization 11 5. Marketing Strategy 12 5.1 Web Plan Summary 13 5.2 Website Marketing Strategy 13 6. Sales Forecast 14 6.1 Pricing Strategy 14 6.2 Important Assumptions 15 7. Start-up Summary 15 7.1 Start up requirement Expenses 15 7.2 Company Locations and Facilities 17 7.3 Profit and loss account 18 Appendix 19 References 21 1. Executive Summary There is a need for a large selection of quality used cars and car parts in many developing countries and reliable auto sales will sell top-quality used car parts at a competitive price. In this case the considered country of the business is Georgia. Having background information of the country’s origin, knowing economic level of the country, laws and regulations and language, the key of communication, obtains trust and meets customer demands. the family business we are running over 5 years gave us an experience in used auto sales, and this business is quite successful, but the plan of extending our business is not only what we do at the present but to extend and continue to develop our excellent working relationship with local dealers and auctions and start up new business of car parts which is directly connected what we do......

Words: 4104 - Pages: 17

Premium Essay

Business Plan

... 1 Introduction: 8 2. Business description 8 2.1 Overview 8 2.2 Opening hours 8 2.3 Atmosphere 8 2.4 Product and services 8 2.5 Mission statement: 10 2.6 Our Goal: 10 2.7 Purpose: 10 2.8 Objectives 10 3. Start up Summary 10 4. Market Analysis 10 4.2 Market Analysis Summary 11 4.2.1 Size Selection: 11 4.2.2 Variety: 11 4.2.3 Price 11 4.3 Market segmentation 11 4.3.1 The business people: 11 4.3.2 Local People: 11 4.3.3 Family: 11 4.3.4 Tourist: 11 5. Target Market 12 5.1 Target market segment strategy 13 5.2 Market Needs 13 6. Service Business analysis 13 7. Market Analysis Summary 13 7.0.1 Competitive Edge: 14 7.0.2 Main Competitors: 14 7.1 Marketing Strategy 14 7.2 Marketing Program 14 7.2.1 In store marketing program 14 7.3 Promotion and publicity 15 8. Sales Strategy: 15 8.1 Sales Forecast: 16 9. Management Summary 17 9.1 Personnel plan 18 9.2 Kitchen 18 9.3 Restaurant Operation 18 10. Financial Plan 18 10.1 Financial format 18 10.1.1 Assumption: 19 10.1.2 Business growth 19 10.1.3 Estimated Weekly Sales 19 10.1.4 Estimated Seasonal sales 20 10.2 Profit and loss statement 20 10.3 Monthly Profit 21 10.3 Profit Yearly 21 10.4 Gross Margin Monthly 22 10.5 Gross Margin Yearly 22 10.6 Projected Cash Flow 23 10.6.1 Cash flow 23 11. Reference: 24 Task 1 1. Introduction Entrepreneurs are those people who take risk and all the responsibility in business operation with the......

Words: 4320 - Pages: 18

Premium Essay

Do Entrepreneurs Need a Business Plan to Be Successful?

...Do entrepreneurs need a business plan to be successful? No, as a person can successfully run a business without one. However a business needs a set direction and the person running it has to know what they are doing 100% of the time, if a person is capable of keeping a whole business under control and on the right track then they do not need a business plan. When starting a business there are countless things that can go wrong and lots of different directions your business could take. Without a plan people don’t know where they are going, what they want to do or what they want their business to be. Doing a business plan allows someone to find out who their target market is and how popular their product or service will be with that group. It will also allow people to see what their competition is and how well they are doing. For example someone who wanted to open up a butchers could rent a shop buy their product and open their doors to find out the majority of the town they opened up shop in is vegetarian. The butcher who made a business plan already knew that that was a vegetarian town and located a town just a couple of miles away that has an annual meat lovers fair. A business plan will not allow you to be prepared for every mishap that will happen along the way but it will enable you to plan for problems that you know will or are very likely to happen. For example a cafe that has just opened on the seafront plans to buy extra ice cream for the hot summer days but......

Words: 471 - Pages: 2

Premium Essay

Business Plan

...development for higher economic growth, narrowing the gap of income inequality and poverty alleviation. The present government has also put much emphasis on the development of SME sector considering it as the driving force for industrialization. I have selected the Mercantile Bank. Students are required to prepare an internship report under the guidance of a supervisor on a selected subject matter to highlighting his experience and to conduct an in depth analysis on the subject matter. During my internship period I got the opportunity to work in SME department and I had an interest to prepare my internship report on the Small & Medium Enterprise (SME) Loan of Mercantile Bank Ltd. My supervisor Mr. Emran Ahmed, Lecturer, Department of Business Administration, World University of Bangladesh has allowed me to prepare the report on my interested topic. I have tried my level best to present my experience of the practical orientation in this report. 2. Objective of the Study ➢ To analyze the lending procedure of SME loan of Mercantile Bank Ltd. 3. Methodology of the Study ➢ Primary Sources: ▪ Practical work in desk ▪ Face to face conversation with officers ▪ Face to face conversation with clients ➢ Secondary Sources: ▪ Bank’s Annual Report ▪ Different books and periodicals related to the banking sector ▪ Credit Manual of MBL ▪ Newspaper ▪......

Words: 8373 - Pages: 34

Premium Essay

Business Plan

...  Entrepreneur Business Plan Assignment ACC 557 November 16, 2014     \ Abstract People in America are creative, ambitious, and industrious. Many people are not content with just a single paycheck from week to week. Always looking for alternative ways to be productive and earn more income, I have thought about starting my own business. From my experience a small business is started from a person’s hobbies or it involves the person’s interests. Today’s marking techniques makes it easier for an entrepreneur to buy and sell their products and services worldwide. Having an easier way to buy and sell your products gives the entrepreneur a chance to perfect their craft more. Spending less time trying to sell a product gives an entrepreneur or a small business owner to work on a new product. In this paper I will discuss the details about the small business I would like to open one day soon. We will discuss my business plan in detail, including the financial report, and how to implement this plan to start my own business. Discussing the reasons why as entrepreneur, I would choose to use GAAP over IFRS, are also included in this paper. A sample chart of my account statement for my business is included as well. BUSINESS PLAN Many people in America are creative, ambitious, and industrious; always looking for other ways to make income. Because I am just like most Americans I decided to start my own hair dresser type of business. From my experience a business is......

Words: 2635 - Pages: 11

Premium Essay

Business Plan

...Home Get Started Promotion Sales & Service Operations Finance Franchising Technology March 23, 2015 Resources for Entrepreneurs > Good Business Ideas > I Want to Start a Small Business Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness. Ask me a question Visit us on View our news feed Follow Ken Stop by for a bit Get our newsletter Resources for Entrepreneurs Good Business Ideas Opening a Vietnamese Restaurant Starting a Vietnamese restaurant is a rewarding experience if you have the creativity and tenacity necessary to be a successful entrepreneur. We offer nuts-and-bolts information on successfully operating a small business. Wondering how to start a Vietnamese restaurant? We take you step-by-step from start to success. How to Start a Vietnamese Restaurant Are you friend or pho? Sorry for the bad Vietnamese food pun! But, seriously, we are here to help you learn about opening a Vietnamese restaurant. What questions do you have? Consumer Expectations for Vietnamese Cuisine Vietnamese is one of a handful of ethnic cuisines that have gained traction in the U.S. restaurant industry. But like any other restaurant cuisine, consumers have certain expectations about the Vietnamese restaurants they patronize -- and those expectations may not always line up with typical cuisine in Vietnam. For......

Words: 1506 - Pages: 7

Premium Essay

Business Plan

...BUSINESS PLAN FOR A FASHION BRAND Case: MW Oy LAHTI UNIVERSITY OF APPLIED SCIENCES Degree programme in International Business Thesis Spring 2012 Mira Valkjärvi Weimu You Lahti University of Applied Sciences Degree programme in International Business VALKJÄRVI, MIRA & YOU, WEIMU: Business Plan For A Fashion Brand Case: MW Oy Bachelor's Thesis in International Business, 85 pages, 3 pages of appendices Spring 2012 ABSTRACT This thesis copes with finding a niche market in Finnish fashion industry and based on the findings, a business idea is generated as well as a business plan is completed for the case company MW Oy, which is founded by the authors of the thesis. This thesis concentrates on the process of formulating the business idea rather than implementing the business plan, even though the business plan is an essential part of the study. When dealing with theoretical framework, to better analyze the Finnish fashion industry and Chinese fashion industry, theories such as PESTEL Analysis and Porter’s Five Forces Analysis are applied. Some business models of existing companies in Finnish fashion industry are examined and evaluated, and based on the findings, the authors come to a conclusion that a niche market lies in the scarf and similar accessories sector. SWOT analysis is used to present the strengths, weaknesses, opportunities and threats of both MW Oy and its main competitors. Later on, a preliminary business plan is created accordingly...

Words: 20558 - Pages: 83

Premium Essay

Business Plan

...Business Plan Criteria The Advance | Represent a significant advance on the current offerings or practices in a particular market | IP Position | Offer a realistic chance of establishing defensible intellectual property | Status  | Propose offerings which have undergone significant real world testing  | Capability  | Are backed up with sufficient resources and business capacity to execute on the opportunity  | Validation  | Have been tried and vetted by a representative group of customers  | Marketing Plan  | Have a realistic and detailed marketing plan  | Management Team  | Are backed up with a management team with sufficient experience and education to execute the plan  | Investment Offering  | Have a favorable investment structure  | Market Size and Share | Target a large and attractive market and the chance to capture a significant portion of it | Competition | Don't face competitive threats that are too entrenched or powerful | ROI | Represent an attractive return on investment | An investor will be interested in long-term profit he can make from investing. In other words, he will look closely at the viability and growth possibilities of your project. Equally, he will want to identify potential exit routes at the time of investment. He will therefore focus on management information, marketing and sales perspectives, and naturally, on the finance. Team — Can you demonstrate years of operations experience in a similar industry?  Do you have real...

Words: 1157 - Pages: 5

Premium Essay

Business Plan

...Global Business Plan Alvi H20 Inc… Alvaro Global Business Plan Alvi H20 Inc… Alvaro By: Alvaro Padilla INT 601~ BRAD SIMON August 25th, 2013 Brad Simon By: Alvaro Padilla INT 601~ BRAD SIMON August 25th, 2013 Brad Simon Clean, Tasty, Refreshing Clean, Tasty, Refreshing Table of Contents I. Table of Contents2 II. Executive Summary3 III. Industry Analysis4 IV. Country Attractiveness Assessment9 V. Market Database and Assessment15 VI. Global Marketing Plan19 VII. Financials24 VIII. Assessing Risk Factors28 IX. The Management Plan33 X. Summary38 XI. References39 II. Executive Summary Alvi H2O Inc. is an industry that provides new portable water purifier using Bio Sand Filter to target Haiti where there is a need in clean drinking water. The product is in high demand in Haiti as the country recovers from the 2010 earthquake. The company began in June 2013 with Alvaro Padilla as the president and founder. He is also the chief executive of operations and oversees all the operations in the business. He has the capability of running this business successfully since he holds an International Master in Business Administration. The management team to the company is also composed of Andrew Yap as the director of operations whose role is to oversee all the operational aspects of the business and Kimberly Taylor who will assist the director of operations in controlling and organizing resources in the......

Words: 9536 - Pages: 39

Premium Essay

Business Plan

...1. What is the process used in developing a business plan? Research Detailed research into the industry, customers, competitors, and costs of the business begins the process. A variety of resources can be used for research, ranging from databases and articles to direct interviews with other entrepreneurs or potential customers. Research should be documented and organized carefully with the information gathered and the source as there is a need to cite sources within the plan. Strategize Next, the information from the research should inform the strategy you choose for your business. Revisit the strategy you created even before your research and dig deeper into decisions on appropriate marketing, operations, and hiring for the first five years of the company's life. Strategy generally pulls from the best practices of the industry, but uses this only as a foundation on which to add very different activities that create a competitive advantage. Calculate All of the activities you choose for your strategy come as some cost and (hopefully) lead to some revenues. Sketch out the financial situation by looking at whether you can expect revenues to cover all costs and leave room for profit in the long run. Begin to insert your financial assumptions and startup costs into a financial model which can produce a first year cash flow statement for you, giving you the best sense of the cash you will need on hand to fund your early operations. Draft With......

Words: 1857 - Pages: 8

Free Essay

Entrepreneur Business Plans

...will also come to a consensus on the business model approach: intrapreneurial or entrepreneurial. Details about the character of the company, its contributors, of why this approach was chosen for this project should be included in the proposal. Provide information on the product selected, its market, and its industry. The proposal must also provide new information on the chosen product's main competitors, how their product is different the competition, and detail the demographics of the product's target customer. Additionally, the proposal should include a company overview of pro-forma, its business principles, its contributing team members including details about their skills and strengths, and a basic pro-forma income statement utilizing business premier index. This should include basic cost projections and other resource requirements for the product. Download Pro-Forma Statement Template. Each member of the group should select a section of the proposal described above. In addition, select a member of the group who will consolidate all of the individual contributions into one clear and polished piece upon which a decision to proceed can be based. In addition to discussing the logistics of completing the project, each team member is expected to contribute the following: a minimum of 1 contribution about the product, its industry, market, its demographic, its competitors, etc. a minimum of 1 contribution about the company, its business model approach, its team members......

Words: 534 - Pages: 3

Free Essay

Business Plan

...BUSINESS PLAN OF NEW VENTURE 1.What is a Busines Plan? * A written document that serves as a blueprint and guide for a proposed business project that one intends to undertake; 2. What are the purposes of a Business Plan? * To allow the entrepreneurs to view and evaluate the proposed business venture in an objective, critical and practical manner; * To analyse and evaluate the viability of a proposed venture * As a guideline for managing the business * To allocate business resources effectively * To convince relevant parties of the investmet potential of the project 3. Components of a Business Plan What comprises of a Business Plan of a Proposed Business: It consists of the following sections: 1. Introduction 2. Purpose 3. Company background 4. Owner/Partners background 5. Location of the business 6. Administratiove plan 7. Marketing plan 8. Operations plan 9. Financial plan 10. Conclusion 1. INTRODUCTION SECTION includes: a. Name of the company b. Nature of business c. Industry profile d. Location of the business e. Date of business commencement f. Factors in selecting the proposed business g. Future prospects of the business 2. PURPOSE Every Business Plan is prepared with a particular purpose. Or as a guide for the entrepreneur to manage the business. Eg. This business plan is prepared by Riverside Thai Food Restaurant as a guideline for managing the......

Words: 1149 - Pages: 5