ENT300 uitm PDF

Preview

Summary

1 Table of contents Page Table of Contents 1-2 Letter of Submission 3-4 Acknowledgement 5 Executive Summary 6 1.0 INTRODUCTION 7-8 PURPOSE OF BUSINESS PLAN 9 COMPANY BACKGROUND 10-11 COMPANY LOGO 12 SHAREHOLDERS/PARTNERS/OWNER’S BACKGROUND 13-17 PARTNERSHIP AGREEMENT 18-25 2. ADMISTRATIVE PLAN Intro...

Description

1

Table of contents

Page

Table of Contents

1-2

Letter of Submission

3-4

Acknowledgement

5

Executive Summary

6

1.0 INTRODUCTION

7-8

PURPOSE OF BUSINESS PLAN COMPANY BACKGROUND COMPANY LOGO

9 10-11 12

SHAREHOLDERS/PARTNERS/OWNER’S BACKGROUND

13-17

PARTNERSHIP AGREEMENT

18-25

2. ADMISTRATIVE PLAN Introduction

26

Organizational Chart

27

List of Administrative Personnel

28

Schedule of Tasks and Responsibilities

29

Schedule of Remuneration

30

List of Office Equipment and Supplies Administrative Budget

31-32 33

3. MARKETING PLAN Introduction

34

Product Description

35-37

Target Market

38-39

Market Size

40-41

Competition

42-43

Market Share

44-45

Sales Forecast

46

Market Strategies

47-56

Marketing Budget

57

2

OPERATION PLAN Introduction Operation Process Flowchart of operation activites Operation Layout Plan Production/Capacity Planning Material Requirement/Planning Machine and Equipment Planning Manpower Planning Operations Overhead Requirements Location Plan Business and Operation Hours License, Permits and regulations Operation budget

58 59 60-61 62-63 64 65-66 67 68-69 70 71 72 73 74-75

FINANCIAL PLAN Administration Budget

76

Marketing budget

77

Operation Budget

78

Project Implementation Cost Schedule

79

Depreciation

80-82

Loan and hire purchase repayment schedule

83-84

Cash Flow Proforma

85

Pro-forma income Statement

86

Balance Sheet Pro-forma

87

Forecasted performance

88

Financial Ratio

89

APPENDICES

90-110

3

LETTER OF SUBMISSION

Diploma in Public Administration, Faculty of Administrative Science and Policy Studies, UiTM Cawangan Negeri Sembilan, 70300, Seremban, Negeri Sembilan.

Madam Maria bt Haji Kamarulzaman, Lecturer of Entrepreneurship (ENT 300), UiTM Cawangan Negeri Sembilan, 70300 Seremban, Negeri Sembilan.

Dear Madam, Submission of Business Plan According to the title above, we are from Violet The Carpenter have finished our business plan for completed the need of the ENT 300 subject. 2.

The business plan contain the important aspect for the venture new business, which

had the business plan profile and organizational goals that had administration plan, marketing plan, operational plan, financial plan. All the information fact is gathered from discussion.

4

Thank you,

……………………….. AMINUDDIN BIN ABDUL AZIZ General Manager Violet The Carpenter, c.c. NOR AIENNIENATULNISA BINTI NOOR AZHAR (MARKETING MANAGER) AMIRUL ASMAAN BIN AHMAD MURAD (FINANCIAL MANAGER) NURUL FARHANA BINTI ABDUL HADI (OPERATION MANAGER) SITI HADHILA BT HAMZAH (ADMINISTRATION MANAGER)

5

ACKNOWLEDGEMENT

Bismillahirrahmanirrahim,

First and foremost, we would like to thank Allah S.W.T for giving us the strength to complete our project without much problems. Many thanks to our Entrepreneurship lecturer, Madam Maria for her guidance and suggestions upon completing this business plan. Deepest thanks and appreciation to our parents, family and friends for their unconditional love and word of encouragement until our business plan is fully completed.

6

EXECUTIVE SUMMARY

Violet The Carpenter company is a form of business based on partnership which consist of four members which hold important position such as General Manager, Administration Manager, Marketing Manager, Operational Manager and Financial Manager. The business capital is amounted to RM 100,000.00 where contribution of each member is RM 20,000.00.

This company provides multi-purposes furniture using the pallete wood according to the customer design. Violet The Carpenter with motto of ‘Variety Of Ones’ is located at Ayer Keroh with address: No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc, 75350 Melaka, Malaysia.

Violet The Carpenter is a company which focuses on production of furniture in Malaysia. This company provided furniture which is wanted by the customer nowadays as it is easy to consume and have multi-function. Differences normal furniture design compared to our company design makes this furniture look more interesting and suitable with all sizes of houses especially for those with small houses as this product can fit even in small spaces.

To make it more attractive we decided to make some innovation by implying our creativity and modern element in this furniture. We have done some research that Malaysia is one developed country which consist of the people with lower income level and higher income level. Thus, we recommended this furniture suitable with all type of income level as the prices of our furniture is reasonable and affordable.

7

1.0 INTRODUCTION

Nowadays, in Malaysia as in other developing countries the business sector has an enormous potential for improving the nation economy and income. Because of this positive development, we find ourselves interested in getting involved in the business sector. As we have seen, there are a lot of businesses in Malaysia, especially in the furniture industry. So we take this opportunity to bring out our name, which is Violet The Carpenter.

Violet The Carpenter is a business that provides multi-purposes use of furniture based on pallete wood. These days, people currently demand on the product that are more convenience to use. As for this, we decided to introduce our 3 in 1 furniture to allow them to grab this deal to have this product at the affordable price.

Our company name inspired from the meaning of Violet itself which is, imagination and spirituality. The Violet brings us the inspiration to create the product beyond customer’s imagination. The nature of this business is instant furniture. We innovate this furniture in a modern way to suit the trends.

Violet The Carpenter will be launched on 15th January 2016 and will be located at the Kota Fesyen, MITC Ayer Keroh Melaka. Kota Fesyen, MITC Ayer Keroh Melaka is a quite known in that area. This place is near to the supplier of our product and it is near to residential area.

8

The business will commence operation at the following address: No.17 Jalan K4 Hang Tuah Jaya, Lingkaran MITC, 75350 Melaka, Malaysia.

The chosen location is considered strategic to start a business because of its facilities and business environments. This place is near to the supplier of our product and it is near to residential area. We want to make it in a short time for producing the product, so our customers do not have to wait longer as we can get the raw material fast from our suppliers.

We want to bring our product to the international level and to lift up the name of our company to be comparable with other large company around the world.

9

1.1 PURPOSE PLAN

The primary purpose of a business plan is to define what the business is or what it intends to be over time. Clarifying the purpose and direction of your business allows you to understand what needs to be done for forward movement. Clarifying can be consist of a simple description of your business and its products and services, or it can specify the exact product lines and services you’ll offer, as well as detailed description of ideal customer.

As you start your business, and even as your business moves along, you will constantly need to concern yourself with financing your business. Financing concerns begi with the start-up costs and then continue with business expansion and new product development. Private investors, banks or any other lending institution will want to see how you plan on running your business, what your expense and revenue projections are and whather or not your plans for the future are attainable with the business you have created. All of this can be answered by a well-written and thorough business plan.

Businesses evolve and adapt over time, and factoring future growth and direction into the business plan can be an effective way to plan for changes in the market, growing or slowing trends, and new innovations or directions to take as the company grows. Although clarifying direction in the business plan lets you know where you’re starting, future vision allows you to have goals to reach for.

10

1.2 COMPANY BACKGROUND

Name of The Business

Violet The Carpenter

Business Address

No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc, 75350, Melaka Malaysia

Website

violethecarpenter.com

E-mail

[email protected]

Telephone Number

06-4414168

Fax Number

03-33929479

Form of Business

3 in 1 Furniture

Main Activity

Making Furniture

Date of Commencement

15 January 2016

Date of Registration

15 Mei 2016

Registration Number

001111112-P

Name of Bank

Bank Islam

Bank Account Number

12168120283415

th

th

11

1.4 LOCATION OF THE BUSINESS ADDRESS OF THE COMPANY

No.17 Jalan K4 Hang Tuah Jaya, Lingkaran MITC, 75350 Melaka, Malaysia.

PREMISE

12

1.4 COMPANY LOGO

The name ‘Violet’ represent the future, the imagination and dreams. The color violet relates to the need to escape from the practicalities of life, it means that our company provide something that out of the usual line of thoughts.

13

The brown colour represent the colour of our products itself, which is palette woods.

The hammer, saw and the nails represent the tools that we used to provide the multi purpose use furniture for our customer.

The name ‘Carpenter’ represent us, the five partners in the Violet the Carpenter.

1.5 PARTNERSHIP BACKGROUND GENERAL MANAGER

Name of Partners

: Aminuddin Bin Abdul Aziz

Identity Card Members

: 900424016697

14

Permanent Address

: H1-10 Perumahan Polis Sri Temenggong, Jalan Taman Sentosa, Bukit Baru, 75450, Melaka

Correspondence Address

: No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc, 75350 Melaka, Malaysia.

E-mail

: [email protected]

Telephone Number

: 0173882182

Date of Birth

: 24th April 1990

Academic Qualification

: Diploma in Business Leadership Bachelor in Industrial Relations

Course Attended

: Level 1 Award in Basic Construction Skills Entrepreneur Talks

Skills

: Leadership Skills Good commands in English and Malay

Experiences

: Manager in Econsave Sdn Bhd 2 year experience as Project Manager at H.O.P.E

Present Occupation

: Chairman in Violet The Carpenter Company

ADMINISTRATION MANAGER

Name of Partners

: Siti Hadhila Binti Hamzah

Identity Card Members

: 900902045100

15

Permanent Address

: No 58 Taman Pegoh Baru, Jalan 4 (PS1118) Pulau Sebang, Alor Gajah, Melaka.

Correspondence Address

: No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc, 75350 Melaka, Malaysia.

E-mail

: [email protected]

Telephone Number

: 0129341174

Date of Birth

: 2nd September 1990

Academic Qualification

: Diploma and Bachelor in Business Administration Degree Holder in Human Resources Management

Course Attended

: Level 1 Award in Wood Operations Human Resource by MARA and TEKUN

Skills

: Creative and Critical Skills Fast learner and Thinker

Experiences

: 2 year experience in Industrial Relations Working as Business Administration at Bagus Bakery

Present Occupation

: Administration Manager in Violet The Carpenter

MARKETING MANAGER

Name of Partners

: Nor Aiennienatulnisa Binti Noor Azhar

Identity Card Members

: 900913106714

16

Permanent Address

: No 6, Jalan Karyawan Bestari, Puncak Bestari.

Correspondence Address

: No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc, 75350 Melaka, Malaysia.

E-mail

: [email protected]

Telephone Number

: 01123288508

Date of Birth

: 13th September 1990

Marital Status

: Single

Academic Qualification

: Diploma in Marketing with Multimedia Bachelor in Marketing Management

Course Attended

: Level 2 (NVQ) Certificate & Diploma in Wood Occupations. Marketing Course by MATRADE

Skills

: Negotiation and persuasion skills Good Communication Skills

Experiences

: Salesgirl at Muhibah Sdn. Bhd.

Present Occupation

: Marketing Manager in Violet The Carpenter

OPERATIONAL MANAGER

Name of Partners

: Nurul Farhana Binti Abdul Hadi

Identity Card Members

: 900205105614

17

Permanent Address

: No 43, Lorong Naluri Sukma 8/16, Bandar 42300 Puncak Alam, Selangor

Correspondence Address

: No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc, 75350 Melaka, Malaysia.

E-mail

: [email protected]

Telephone Number

: 0129257087

Date of Birth

: 5th February 1990

Academic Qualification

: Diploma in Business Studies Bachelor in Operation Management

Course Attended

: Level 2 Diploma in Construction Crafts (carpentry and joinery) Entrepreneurship Course by MITI

Skills

: Ability to work under pressure Good Time Management

Experiences

: Working as Operation Executive at BAGUS Bakery Secretary at Sapura Group

Present Occupation

: Operational Manager in Violet The Carpenter

FINANCIAL MANAGER

Name of Partners

: Amirul Asmaan Bin Ahmad Murad

Identity Card Members

: 900307085299

18

Permanent Address

: No 8, Jalan Desa Bestari 9, Desa Bestari, Salak Tinggi, 43900 Sepang, Selangor.

Correspondence Address

: No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc, 75350 Melaka, Malaysia.

E-mail

: [email protected]

Telephone Number

: 0146640415

Date of Birth

: 7th March 1990

Academic Qualification

: Diploma in Financial Strategy Bachelor In Financial Studies

Course Attended

: Level 2 Diploma in Site Carpentry Financial Training at Bank Negara Malaysia

Skills

: Teamwork Skills Creative and Innovative Thinker

Experiences

: Accountant at Bank Nasional 3 years experience in CIMB Bank

Present Occupation

: Operational Manager in Violet The Carpenter

1.6 PARTNERSHIP AGREEMENT

With reference to the Partner Act 1961 (Revise 1974), this agreement is lawfully made between the partners of Violet The Carpenter. The reason of this partnership agreement is made in order to make sure that all the business operation run accordingly to the schedule and the main objective of the business can be achieved.

All the partners as below within the business organization make this agreement in front of the lawyer, Mr Syukri that our company have selected to represent us.

19

It is hereby declared that all partners as mentioned below have witnessed and agreed to accept all terms, conditions and regulation stated as follow:

This partnership is registered under the name of Violet The Carpenter, The partners have also agreed to accept the position in Violet The Carpenter as enlisted:

AMINUDDIN BIN ABDUL AZIZ

(GENERAL MANAGER)

NURUL FARHANA BINTI ABDUL HADI

(OPERATION MANAGER)

NOR AIENNIENATULNISA BINTI NOOR AZHAR

(MARKETING MANAGER)

SITI HADHILA BINTI HAMZAH

(OPERATION MANAGER)

AMIRUL ASMAAN BIN AHMAD MURAD

(FINANCIAL MANAGER)

It is also agreed that all profit sharing will be based on the capital contribution of each partners. Should the company suffers any loss, of which the negligence cause by anyone of the partners, that partner should be responsible for the loss.

All the money owns by the partnership or money received on behalf of the partnership must be credited to the agreed partnership current bank account.

It is also agreed that if in case where any of the partners want to withdraw from the partnership, then she/he must give a one month notice to the partners.

Each of the partners: 

Must have and act in good manners and has faith and be trustworthy between each partner in all business matters.

20



Must give full efforts in any way for the success of the company.



Must keep all information relating to the business confidential from people outside the business organization.



Must settle all personal problems without involving the company.

All the partners is strictly forbidden (except with the consent from all the partners) to: 

Give or transfer own share to the public or people outside the business organization.



Accept or borrow or lend money owned by the business to other people outside the business organization except regarding on business matter.



Accept or borrow money owned by the business for personal use. If any partners have borrowed any money or assets, payback or recovery must be made in one month from the date borrowed without any interest.



Dispose any assets or any liability such as debts, money or others owned by the partners.



If any partner dies or paralyzed that may bring difficulty for his/her to perform her/his work, the next-of-kin must give a written notice in between 45 days to other partners if he/she wants to become a partner, if there is no notice between those periods, the next-of-kin will receive back the capital contributed by deceased or the paralyzed partner according to agreed proportion.

21

This agreement can be changed or dissolved if agreed by all the partners under a memorandum signed by all the partners.

It ...