Professional Documents
Culture Documents
Table of Contents
BUSINESS PLAN SUMMARY. 4
The Business..4
The Market.4
The Future..4
The finance.4
THE BUSINESS...5
Business Details.5
Registration Details5
Business Premises..6
Organization Chart.6
Management & Ownership7
Key Personnel8
Product/Services9
Innovation..10
Insurance10
Risk management...11
Operations..12
Sustainability Plan..14
THE MARKET.15
Market Research....15
Market Targets...15
Customer15
S.W.O.T. Analysis...16
Competitors..17
Advertising & Sales..17
THE FUTURE.18
Vision Statement18
Mission Statement.....18
Goals/Objective.18
Action Plan18
THE FINANCE19
Key objectives & Financial Review...19
Assumptions19
Start up cost.20
Balance sheet forecast.21
Profit & loss
forecast.22
SUPPORTING DOCUMENTATION23-26
The Market
Target Market: our target markets are working women and students.
Because there are many women whose are getting busy to their work
day by day. For saving their time they need this kind of food which is
very easy to cook.
THE FUTURE
Vision Statement: Our business vision statement follows a simple motto:
innovative, versatile, creative! We want only the best in everything we
do. We provide simple, enjoyable food directly to the market, true to its
original form - in the right place, at the right time and with the right
amount.
Mission statement: Engage every level to achieve the highest quality,
customer care, respect, and shareholder value.
Goal: As our business is small our goal is to expand our business in a
very large situation.
The Finances
Basically we need 3 to 5 lacks taka. This fund will come from our
personal source. We do not have any intention to seek money from
relatives or government funding.
The Business
Business Details
Product/Services: Our product isFrozen Food.
Registration Details
Business name: We have not registered our business name yet. Our
proposed name will be Supreme Frozen food.
Date registered: Our registered date will be January 2014.
Location Registered: 122/g north kamlapur, Dhaka
Business Structure: Our business structure will be partnership business.
Business Premises
Business location:
Our business will become based business. That is why we will prepare
our products in our own home. In Dhaka city we will start our business.
Later on we will expand our business out of Dhaka.
Organization Chart:
Our organization structure will be flat.
Afroza
Afroz(owner)
Branding the
Business and duty
to prepare Food.
Kaishar
Ahamed(owner)
Bringing all kinds
of raw material and
maintain web sites.
Rumana
Rashid(owner)
Maintain accounts
and prepared food
Saikat
sadekin(owner)
Deliver all kinds of
prepared product
direct to the super
Shop, retailer, and
as well as
Customer.
Key Personnel
We think we are enough for our business that is why we do not need
any extra stuff. If we expand our business in future then perhaps we
will need extra stuff for the business.
Product/ Services
Name: Our product name is Supreme Frozen Food. We choose Frozen
food because now a days frozen foods demand has risen up. Our
target customers are working couple and students who live without
their parents. As it a very easy process to make and eat, that is why
people are getting interested to this frozen food day by day. Our
service will be unique than others because we have website service as
well as home delivery service and these services are not available still
now. Here given below some of the name of our frozen products.
Unique Selling Position: Basically we will use some unique way to reach
the customers. Manycompanies are failing to do business because they
couldnt reach near to the customers. We want to go near to the
customer that is why we will use website and also we will deliver the
product to home.
Quick service
Fresh food
Variation of food
Qualityful products
Home delivery service
Online order
Innovation
Research & Development activities:
As it is a very competitive business that is why we need
continuousresearch and development activities. We need to bring new
items or new variation in our products as well as in our service.
Insurance
As we have small business that is why we think we dont need any
business insurance. When our business will expand in future then we
need insurance.
Risk Management
Risk
Likelihood
Impact
Strategy
The health
properties of
frozen foods like
parathas, fries,
meats, and
desserts are
questionable.
This is because
their ingredients
will not be the
same as freshly
made meals. A
major concern is
the use of
partially
hydrogenated
palm oil which
might have
hidden,
dangerous trans
fats.
Unlikely
Medium
We mention our
manufacture date
as well as our
expire date.
Unlikely
Medium
Secondly, the
sodium content is
also an issue.
Many frozen
meals contain
between 700 to
1800 mg of
sodium. With the
daily
recommended
maximum
dosage of 2300
mg of sodium, it
is hard to stay in
this limit! This
puts people with
high blood
pressure at
further risk.
Operations
Production process
For producing our product we will use handmadeprocessing. We need
only packaging machine otherwise we dont need any extra
manufacturing machine or anything else. As we will have website that
is why we will use personal computer with internet connection for
reaching close to customer. In our business there is no involvement of
third party
Equipment
running cost
Packaging machine
5000 taka monthly
purchase date
Dec 2013
purchase price
1000000
Inventory
Technology:
The technology we use for our business that is our personal website.
As our business is home based business that is why we dont need any
kind of technology. Through this website we can keep in touch with our
customers.
Trading hour:
Our trading hour is during the office time, after the office time period
as well as for students when they finish their class.
Communication channels:
For getting customers in contact we can use telephone, landline or
mobile, post box, email, fax, internet etc for communication channel.
Sustainability plan
Environmental /Resource impacts: As we wont use any machineries so that
there no chance to create negative impact on the environment.
Community impact &engagement: Our products are natural and fresh and it
doesnt have any negative impact on the local community. We can
communicate with community through organizing some social
activities or event.
The Market
Market research
Market targets: our target markets are working women and students. We
want to sell 60% quantity of our products in a planned timeframe.
Customers
Customer demographic: our target customers are working women and
students who live without their parents. Basically we target those have
not enough time to cook food.
Gender : Female
Age: 20-35
Social status- students, working women
Attitudes: do not have time to cook for study or for work
Gender: male
Age: 20-35
Social status: students, working people
Attitudes: who live without their family.
SWOT Analysis:
Strength:
We come up with the most unique Product because other competitor dont provide any
home delivery service and they have no web sites and they just provide snacks but we
provide snacks as well as meal.
Threats: Other Competitor also in the market and all of them have good market share in
the market.
Opportunities: our opportunities are we will make home made products and it will be
very fresh also we have no extra cost for human resource as well as we have product
variation.
For promoting and advertising our products and services we will use
pull strategy. We will offer attractive offer to the customer but we wont
push them to buy our product cause this is not effective strategy we
thought.For advertising, we will use leaflet, magazine, paper billboard,
website based advertising.
Cost: in terms of leaflet it will not take high cost. And if we go for
billboard and newspaper it will take high cost.
The Future
Vision statement: Our business vision statement follows a simple motto:
innovative, versatile, creative! We want only the best in everything we
do. We provide simple, enjoyable food directly to the market, true to its
original form - in the right place, at the right time and with the right
amount. We surprise our customers with innovations and our flexibility
in being able to respond to individual needs at short notice.
The Finances
Key objectives & financials review
Financial Required:
Basically we need 3 to 5 lacks taka. This fund will come from our
personal source. We do not have any intention to seek money from
relatives or government funding.
Cost
EQUIPMENT COST
COST
Registrations
Business purchase price
franchise fees
10000
Business name
1000
Licenses
1000
start-up capital
Permits
2000
Domain names
1500
vehicles
Trademarks/design/patents
2500
Vehicle registration
10000
Membership fees
1000
phones
500
Accountant fees
1000
fax machine
500
computer equipment
Solicitor fees
3000
7000
Electricity, gas,water
9500
Phone connection
equipment
50000
30000
5000
2000
security
1000
Office
Internet connection
furniture
10000
1500
Computer software
3500
Training
6000
Wages
5000
20000
Insurance
00000
5000
20000
Vehicle
1000
Public liability
300
Professional indemnity
500
Product liability
1000
Workers compensation
5000
Business assets
50000
Business revenue
10000
Printing
1000
2500
169000
120000
[year 1]
[year 2]
[year 3]
Current assets
Cash
10000
20000
30000
Petty cash
500
1000
2000
Inventory
15000
20000
30000
3000
5000
8000
2000
3000
5000
10000
12000
15000
2000
3000
4000
Pre-paid expenses
Fixed assets
Leasehold
Property and land
Renovations/improvements
10000
11000
13000
Vehicles
5000
6000
7000
Equipment / tools
5000
5500
6500
15000
15500
Computer equipment
16000
Total assets
Current / short-term liabilities
Credit cards payable
1500
2000
1000
Accounts payable
2500
3000
2000
Interest payable
350
400
Accrued wages
550
Income tax
1500
300
500
600
1000
1600
1000000
1500000
[year 1]
[year 2]
[year 3]
Sales
100000
1500000
2500000
20000
30000
40000
80000
120000
210000
Expenses
30000
35000
40000
Accountant fees
1000
2000
2500
1500
2000
2500
1000
Bank interest
300
400
200
400
Utilities (electricity,gas,water)
12000
13000
Telephone
6500
1200
10000
6000
7000
Lease/loan payments
30000
40000
20000
100000
150000
3000
1000
1000
Insurance
30000
20000
35000
Superannuation
2000
2500
Income tax
5000
1000
5000
5500
3000
1300
500
Supporting Documentation
Here given below some statistical data about frozen food. Here we try to show the
acceptability of frozen food as well as market share of frozen food.