Research on the Topic: Business Plan

  UNITED INTERNATIONAL UNIVERSITY

 

SCHOOL OF BUSINESS

Research on the Topic: Business Plan

“Feelings Gift Shop”

“Come 2 FeeLiNgS 2 share your feelings”

Course Details:

Course Title: Introduction to Business

Course Code: BUS 1102

Section: B

Submitted To:

Maruf Reza Byron

Lecturer

United International University

Submitted By:

Name                                                           ID No                            

Md. Zakaria Ashik                                     111081099

Zakia Rezwana                                          111081124

Rubaet Al-Shafi                                        111081106

Nadira Aktar                                              111091304

Submission Date: 12th April, 2009

Letter of Transmission

Maruf Reza Byron

Lecturer

School of Business

Spring, 2008.

United International University.

Subject: Prayer for accepting our research on “business plan”.

Dear Sir,

We have the pleasure to submit here with the final report of the project titled business plan on “Feelings Gift Shop” as requirement for the course code BUS 1102: Introduction to Business.

Based on discussion and survey, we have incorporated the necessary materials to finalize that draft report.

We also acknowledge our gratitude to those persons who have helped us and passed their valuable comments on the draft final report.

Yours Sincerely,

Rubaet Al-Shafi                     

ID # 111081106

Md. Zakaria Ashik                                     

ID # 111081099

Zakia Rezwana                                          

ID # 111081124

Nadira Aktar

ID # 111091304                                        

Acknowledgement

Firstly we would like to thank almighty Allah for help us all the way, and then Bachelor of Business Administration (BBA) for having such a wonderful and unique course, through which we get the chance to learn about the “business plan”.

We would like to thank our course teacher Maruf Reza Byron for giving us the opportunity to know about “business plan.”

Then we would like to thank all of my friends who helped us to complete our research paper on “business plan”.

Lastly, we would like to thank United International University (UIU) for offering us such a course that assigns us such research paper; those enlighten us with the knowledge of “business plan”.

Abstract

   

Here,                                                     

Summary:

We are some friends want to start a business and that will be a partnership business, where Md.Zakaria ashik will be the general partner and rest of my friends (rubaet –al shafi, nadira  aktar and zakia rezwana) will be limited partners. We choose “gift shop” as our wok field and the name of the git shop will be “feelings gift shop”(…………………………………….). The location of the gift shop will be at Dhanmondi. We will invest near about 38 lakh tk, and the profit & loss will be divided in a 10:7:7:7 ratio. But the general partner has unlimited liability. We target the middle and upper-middle class people as well as young generation people. The product of our gift shop will be accessories, gift cards, show pieces, cosmetics, chocolates, and many other things.

Introduction:

There is a proverb” Time and tide wait for none.” When we spend a second at the same time we lost a second from our life. If we don’t do work at the right time then we have to suffer our whole life. That’s why without wasting our time we decided to start business to make some profit and accomplish our own identity.

As a student it is nearly impossible to start a business alone. Because we have lacks of experiences, skills and capital. But to do anything together is not too heard to do. So we are some friends decided to start a small business which will be a partnership business beside our study.

Time is going on its own way in this modern era and many kinds of business are rising. So there are lots of options in front of us, but now a day’s gift shop is a very profitable business with a small capital, which will be a perfect business for us. It’s also an attractive business at the present time with a good profit. That’s why we choose gift shop as our work field. And we choose “FEELINGS” is the name of our gift shop.

“Come 2 FeeLiNgS 2 share your feelings”

Business Structure:

Our business is a limited partnership business. Md. Zakaria Ashik is our general partner and Rubaet Al-Shafi, Nadira Aktar & Zakia Reawana are our limited partners.

Our managing director is Md. Zakaria Ashik. We select him as a managing director for his an ability to lead with his skills in managing an organization. He also knows how to control an organization with effective way & what to do in a right time. He likes to take risks and mad to achieve that goal too.

Our marketing manager is Rubaet Al-Shafi. We select him because he is skilled for work in areas related to getting consumers and clients to buy the organization’s products or services. As a marketing manager he has an ability to communicate with different types of people.

Our financial manager is Nadira Aktar. We select her as a financial manager because she is skilled in dealing primarily with an organization’s financial resources & she matches the source of funds to the type of need.

Our planning manager is Zakia Rezwana. We select her as a planning manager because she can give many effective plans for our business. planning product distribution, recruiting key personnel and developing plans,

We all do our duty with responsibility. Our main objectives is to gain profit in  our business.

Agreement of our business:

Our business is in partnership. So if we want to prevent or lessen misunderstandings in between our partner so we need to have contractual agreement which is called “articles of partnership”. Oral partnership agreements, though quite legal, tend to be recreates and are open to misunderstandings. Written articles of partnership provide proof of an agreement. For our written partnership agreement we include the following main features:

·        Name of the business: Feelings Gift Shop

·        Type of business: Gift shop

·        Location of the business: Dhanmondi, Dhaka

·        Expected life of the partnership: Unlimited

·        Names of the partners : General partner: Md. Zakaria Ashik,

Limited partners: Rubaet Al-Shafi, Nadira Aktar and Zakia Reawana.

·        The amount of each one’s investment:    Md. Zakaria Ashik-      10, 000, 00 /=

Rubaet Al-shafi-           7, 000, 00/=

Nadira Aktar    -           7, 000, 00/=

Zakia Rezwana-           7, 000, 00/=

·        Procedures for distributing profits : Profit will be distribute according partners capital.

The ratio is, Md. Zakaria Ashik: Rubaet Al-Shafi: Nadira Aktar: Zakia Rezwana= 10:7:7:7

·        Procedures for covering losses: The general partner Md. Zakaria Ashik has unlimited liability & rest of the limited partners have the limited liabilities up to there investment.

·        Amounts that partners can withdraw: Every partner can withdraw up to 25% according there investment.

·        Duties of each partners:             Managing Director:-  Md. Zakaria Ashik

Marketing Manager:- Rubaet Al-Shafi

                                                      Financial Manager:- Nadira Aktar

                                                      Planning Manager:- Zakia Rezwana

·        No new partners will be added without the full written consent of all partners.

·        Procedures for dissolving the partnerships: In the event of the death for retirement of a partner the remaining partner will pay the estate or retiring partner the full amount of the original investment, plus 1.5 times the most recent years gross sales for all “Feelings Gift Shop” products. The payment will be made within one year of the death or retirement of the partner.

·        At the termination of the partnership a full inventory and balance sheet will be prepared by our financial manager. All debts will be paid and all property will be divided between the partners according to there ratio.

Capital:

Capital is the most important fact in a business. Our total capital is 38 lacks where the general partner Md. Zakaria Ashik invests 10 lacks and the other limited partners invest 7 lacks individually.

• Avalanched rent of showroom- 12,000,00/=

• Decoration                               -           08,000,00/=

• Opening product                       -           12,000,00/=

• Running capital             -           06,000,00/=

Employ and Salary:

We’ll appoint two persons who were being work for our gift shop as a sales man. We will be paid for there work. We all our partners selected different sector to manage according our skills. We will also be paid by the gift shop for our work. The salary scale will be-

·        Managing Director        :-          10,000/=

·        Marketing Manager      :-          7,000/=

·        Financial Manager        :-          7,000/=

·        Planning Manager         :-          7,000/=

·        Employ# 1                    :-          4,500/=

·        Employ# 2                    :-          4,500/=

Place & Target consumer:

In Dhanmondi there are many private universities and it is a residential area. Here are also some renowned gift shops in this area. We think that it will be our best place for our gift shop. That’s why we choose Dhanmondi as our working place.

Our target consumers are middle and upper-middle class people. But the young generation people are our main target consumer. Rather that we try to get attention all type of people, so we decorated our shop in that attractive way.

Products of our gift shop:

Many kinds of product are available in our gift shop. All these are very attractive product. The products of our gift shops are-

·        Accessories: There many attractive accessories with different design for both boys and girls are available in our gift shop. And the prices are reasonable here.

·        Gift Cards: People are like to give cards with their favorite person of all occasion. So we have a huge gift card collection. Such as- birthday card, best wishes card, anniversary card, valentine card, Eid card, friendship card etc. are available here.

·        Show Pieces: Show Pieces are one of the most attractive products of any gift shop. We have also a exclusive collection of show pieces.

·        Cosmetics & Chocolates: We have a small collection of   Cosmetics & Chocolates. Here the qualities of Cosmetics & Chocolates are very good.

·        Mixed Collection: We have some extra collection items in our gift shop. Such as- wrist watch, DvDs, hand made products, wallet etc are available here.

Supplier:

We collect our product from local market, wholesaler, and rural area at a cheaper rate. We know some people who give us things from different areas. Sometimes we also collect various things from different market and place in our country. We don’t produce any product.

Speciality of our gift shop:

Most of the people in are facing the problem with gift. They get confused about gift. Because in our country there is lots of gift shop which is too much expensive otherwise which have low price but quality is too bad. They want to give their dearest one a simple gift but best, in short form we can say that “simply the best”. We all the partner also face the same problem. The speciality of our gift shop is “simply the best”.

·        Touchy gift collection: Our product is touchy. We believe it. We search for those products in different place. So not only it’s touchy its also exclusive .our products are cards, different types of showpiece, cosmetics chocolate. Key rings, DVD, hand bags, many other mixed items, which for our customer actually needed.

·        Reasonable price: We know our product is very touchy and exclusive. People will think that definitely it’s expensive. No we sell our product is in reasonable price.

·        Trendy product: We also collect home made product. Especially we don’t forget our “Kutir shilpo”. We follow our tradition and our culture. Those people want to give their dearest one traditional gift we have their desire product.

·        Home delivery:  We are not selling the product we also provide delivery service, courier service.  Another help which our customer is needed.

·        Fixed Price: Here the prices are fixed. So there is no chance of bargaining with our respectable consumer.

The minimum price and maximum price of our product will be between in 50-1000 tk. All over we can say that our gift shop is simply the best. It has mixed collection.

Why we are doing this business:

·        Our gift shop business is a partnership business. It is easy to start with a minimal government regulation.

• We can easily spend some effective time to this business beside our study.

• It will be easier to control this business for us.

• This business also has the tax advantages.

• By this business we can justify our skills, not only that but also we can develop our lacking of skills too.

• From this business we can command all of our skills together, that is a very good opportunity to us.

• In future this business will be a good financial support for us.

• With this business we can go to closer to our consumer and can make a good network.

Responsibilities:

We have some responsibilities and we try to do our responsibilities.

• We don’t use pole bags, rather we provide paper bags.

• We use paper made box.

• We don’t sell any kind of illegal items.

• We don’t do or sell anything, which is harmful for our culture and society.

• We don’t use attractive plastic rapping paper, rather then we use paper rapping bag for avoiding land pollution.

• Our shop is free from smoke and we also encourage our consumer to don’t smoke by giving leaflet.