MPU Report Business PLAN -converted PDF

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ENTREPRENEURSHIP MPUBUSINESS PLANPREPARED FOR : PUAN SHARIFAH ADAWIAH BINTI SYED AHMADNAMA NO PENDAFTARANPUTERI NUR E'ZZATIE SYED ZULHELMI BINTI ABDUL ASY-SYAHID 02DKA20FFATIHAH BINTI JAFRI 02DKA20FAINNUR HANIS HANISA BINTI AZAMUDDIN 02DKA20FNUR HILYATI BINTI KAMARUDIN 02DKA20FTABLE OF CONTENTNO CON...

Description

ENTREPRENEURSHIP MPU22012

BUSINESS PLAN NAMA

NO PENDAFTARAN

PUTERI NUR E'ZZATIE SYED ZULHELMI BINTI ABDUL ASYSYAHID

02DKA20F1045

FATIHAH BINTI JAFRI

02DKA20F1008

AINNUR HANIS HANISA BINTI AZAMUDDIN

02DKA20F1029

NUR HILYATI BINTI KAMARUDIN

02DKA20F1004

PREPARED FOR : PUAN SHARIFAH ADAWIAH BINTI SYED AHMAD

TABLE OF CONTENT NO

CONTENT Executive Summary

1.

2.

Introduction 1.1 Name of the business 1.2 Nature of business 1.3 Industry profile 1.4 Location 1.5 Date of commencement 1.6 Factors in selecting the proposed venture 1.7 Future prospect of business Purpose of preparing business plan

3.

Company background

4

Ownership background

5

Project background

6

Management/Organization plan 6.1 Logo, vision, mission & objective company 6.2 Organization chart 6.3 Man power Planning 6.4 Schedule of Tasks & responsibilities 6.5 Remuneration plan 6.6 List of office Equipment & supplies 6.7 Administrative budget Marketing plan 7.1 Description of products 7.2 Target Market 7.3 Market Size 7.4 Competitors (strength & weakness) 7.5 Market share 7.6 Sales Forecast 7.7 Marketing Strategy 7.8 Marketing Budget Operation plan 8.1 Operational objective 8.2 Business hours 8.3 Operational layout 8.4 Operational process 8.5 List of raw material, quantity and cost for a month Financial plan

7

8

9 10

Project schedule

11

Conclusion

12

Appendix

PAGE

Executive Summary Belleza Scarves Boutique is a new shop that will be opening in Kuantan, to sell women’s hijabs. The idea of creating the business name came from the owner where Belleza is a nickname or personal name meaning beauty from Spanish Language, which means the company has chosen that meaning because every woman has her own beauty and when they wear hijab it will be more beautiful and sweet. Most of the hijabs and other products provided in the shop are for women in average of 18-45 and above. The price range is determined by the brand and the design of the products.

INTRODUCTION 1. Belleza scarves is Muslim woman casual hijab brand that we established in 2021. Belleza scarves isn’t just a Muslim hijab ready to wear but we put our love in making every hijab. We manufacture our products at Lorong Semambu, Semambu in Kuantan. Everything that you see on our social media is produce with love and created with the best fabrics and quality. Our mission is to be leader in Muslim casual wear and grow bigger to reach our market both in Malaysia and overseas. NAME OF BUSINESS The business will be known as “Belleza Scarves”. The idea of creating the business’s name came from the owner of the company itself as Belleza is a nickname or personal name meaning beauty from Spanish Language, which means the company has chosen that meaning because every woman has her own beauty and when they wear hijab it will be more beautiful and sweet. The “Belleza Scarves” itself already illustrates that the company will provides hijabs.

1.2 NATURE OF BUSINESS

•

Low Start Capital

Another advantage of this hijab business, the capital to start this business is also very low! To start him, there is no need to bother to buy any equipment. Just need to buy stock of lids only! About 3-4 hundred Ringgit Malaysia.

•

No Expired Date

This lid is a non -expired product category. So, we can save a long time. Unlike food products, or cosmetic products. If we sell food items, if we don't run out. We have to throw them away. If the food is dry, it can last the longest, maybe in 1-2 years. After that, it will be damaged and cannot be used. As with cosmetic products, there is an expiration date.

•

Evergreen Business

Yes! This lid is an evergreen product, that is, there is a demand all the time. No matter the time, every day and every month, there are people who buy hijabs.

1.3 INDUSTRY PROFILE Our business company currently owned by partnership, incorporated as Belleza Scarves. Our business provides scarf for solutions that who demanding modesty In the simple style. We also provide service custom made scarf in bulk for those who has special event or for individual.

1.4 BUSINESS LOCATION The proposed business location will be opened in Kuantan. It will be located at Lorong IM 14/2. Taman Prima Kota, 25200 Kuantan, Pahang, Indera Mahkota 14, industrial. The business location is the strategic area as Bandar Indera Mahkota is the place where most of people going around and shopping.

1.5 DATE OF COMMENCEMENT OF BUSINESS Belleza Scarves will start its business on 5th October 2021. It will be opened from 9.00 a.m to 5.00 p.m daily, every Monday to Sunday. However, it will be closed during festive seasons such as Hari Raya and Independence Day. Customers can purchase the products directly from the store itself or through online, where they could reach Belleza Scarves Boutique on Facebook page and Instagram.

1.6 FACTORS IN SELECTING THE PROPOSED VENTURE We select this proposed venture because there is increase in demand of scarf due to trend in Muslimah attire. Besides, scarf was provided for various group of people of all ages especially female.

1.7 FUTURE PROSPECT OF BUSINESS This business has very good prospect in the future. Due to the highly demands from the society, we believed that our business will achieve higher profit in the future. Moreover, we provide high quality materials. In addition, we would spread our products throughout International Market in the future.

2. PURPOSE OF PREPARING A BUSINESS PLAN The purpose of this business plan is as the first step as a module before starting a business. This business plan is very important for a new company like Belleza Scarves because it may help us to maintain our business longer in the Malaysia market. The purposes of doing this business plan are: ➢ To show the financial strength of the company, especially when applying for loans and to convince the investors towards providing funds or other financial institution that will assist us in running up our business. ➢ As a guideline for us in setting, planning, handling, and controlling our business for the day to day management, budget, financial forecast, strategies, target market and even long term goals. ➢ As a master plan of an organization that necessary to calculate the effectiveness on running such business. ➢ It is also prepared to state clearly the information on the certain authorities' parties to get permits or other facilities in the mean of formation of a business. ➢ This business plan can be utilized to convince the suppliers the ability of paying back on credit and the ability to carry out a project of services for customers or the tender board. ➢ To improve any weaknesses arise by comparing the actual performance of the firm with it is a favorable or unfavorable situation.

3. COMPANY BACKGROUND

Name of business

Belleza Scarves.Co

Business address

Lorong Semambu, Semambu Star Grocer 1st Floor, 25200 Kuantan Pahang.

Correspondent address

Lorong Semambu, Semambu Star Grocer 1st Floor, 25200 Kuantan Pahang.

Telephone number

0199206050

Email address

[email protected]

Form of business

Private limited company

Main activities

Selling scarves and accessories

Date of commencement

5 October 2021

Date of registration

29 September 2021

Registration number

202105695979 ( 887564-A )

Initial ( own ) capital

RM 9000

Name of bank

Bank Islam Malaysia Berhad

Bank account number

06019023245639

Background of owner

Personal particulars of owner

Name

Puteri Nur E’zzatie Syed Zulhelmi binti Abdul Asy-Syahid

Identity card

021101-06-0516

number Permanent

Kedai Makan Mak Aji Simpang 3, Felda Bukit Sagu 01,

address

25730 Kuantan Pahang

Telephone number

011-32768466

Email address

[email protected]

Date of birth

1 November 2002

Age

19 years old

Marital status

Single

Academic

Degree of Business

qualification Courses attended

Entrepreneurship

Skills

Promote a product

Experience

Manager

Present

CEO of Belleza Scarves

occupation

Name

Fatihah binti Jafri

Identity card number Permanent address Telephone number

020725-06-0798

Email address

[email protected]

Date of birth

25 July 2002

Age

19 years old

Marital status

Single

Academic qualification Courses attended

Degree of Entrepreneur

Skills

Promote a product

Experience

Personal Assistant

G 253 Kampung Batu Satu, Jalan Mentakab, Temerloh Pahang 019-9206050

Entrepreneurship

Present occupation Product Manager of Belleza Scarves

Name

Ainnur Hanis Hanisa binti Azamuddin

Identity card number Permanent address Telephone number

020710-06-0672

Email address

[email protected]

Date of birth

10 July 2002

Age

19 years old

Marital status

Single

Academic qualification Courses attended

Degree of Finance

Skills

Promote a product

Experience

Used to be an agent selling scarve

No. 27 Lorong Kempadang Perdana 15 Pakr Sungai Soi 25150 Kuantan Pahang 011-11462672

Entrepreneurship

Present occupation Marketing Coordinator of Belleza Scarves

Name

Nur Hilyati binti Kamarudin

Identity card number Permanent address Telephone number

020510-01-0320

Email address

[email protected]

Date of birth

10 May 2002

Age

19 years old

Marital status

Single

Academic qualification Courses attended

Bachelor of business majoring in Accounting

Skills

Promote a product

Experience

Used to be an agent selling scarve

Present occupation

Accounting and Finance of Belleza Scarves

No. 179, Jalan Haji Ariffin, 86900 Endau Johor 019-3104002

Entrepreneurship

5.0 PROJECT BACKGROUND Background of proposal project 1. Physical location Belleza Scarves.Co is located at Lorong Semambu, Semambu Star Grocer 1st Floor, 25200 Kuantan Pahang.

2. Price of premise The scarves packaging was at the shop house lot , paying the rent for a month’s the rent is RM 1500.00 and this shop house has a large space allowing us to keep stock of scarve. In addition, we get enough space for the process of wrapping the scarves .

3. Distance from source of raw material We got a stock of scarves from Drama Queen on Instagram.

4. Availability of manpower When we first started the business, we only had 4 employees. After doing business for a few months, we got a lot of response making us need more manpower. With the addition of new employees later, the business will run more smoothly. We need employees who can handle stock and delivery to customers.

5. Transportation facilities Transportation Car Motorcylce

Amount 2 1

Purpose For delivery For delivery

6. Distance from customers Our customers are mostly Malaysians. For delivery, we limit as far as 15 km from our shop house only. More than 15 km we will make delivery using delivery service, J&T to deliver the parcel to our customers

7. Basic Amenities The basic amenities that we need to pay for every month include water bills, electricity bills and telephone bills. We need to pay RM 500 for water bills per month. The electricity bills is RM 800 and the telephone bills is RM 250 per month.

6.0 MANAGEMENT ORGANIZATION CHART 6.1. Logo, Vision, Mission & objective company

BELLEZA.SCARVES Vision

•

To be the No1 Hijab Brand in Malaysia with premium quality of outstanding quality level as well as high customer.

Mission

•

To provide a fast qualitative and flexible services and product to achieve 100% customer satisfaction

Objective company

•

Handling customer effectively and efficiently

•

Provide quality services by implementing various types of effective marketing techniques to achieve maximum customer satisfaction.

6.2 ORGANIZATION CHART

PUTERI NUR E’ZZATIE SYED ZULHELMI BINTI ABDUL ASYSYAHID

Degree of Business

FATIHAH BINTI JAFRI

AINNUR HANIS HANISA BINTI AZAMUDDIN

NUR HILYATI BINTI KAMARUDIN

Degree of Entrepreneur

Degree of Finance

Degree of account

6.3 Man Power Planning Position

No of personnel

GENERAL MANAGER

1

PRODUCT MANAGER

1

FINANCIAL MANAGER

1

DESIGNER

1

OPERATIONAL MANAGER

2

CASHIER

1

MARKETING COORDINATOR

1

6.4 Schedule of tasks & responsibilities Position • General Manager

Responsibilities Perform regular admistration and management activities of the corporation

•

Responsible in managing the company towards the vision, mission and the objectives of the company.

•

To plan, implement and control the overall management of the business.

•

Acts as a decision marker and cooperate in gaining ideas to improve the business

•

Monitor the activities to ensure that all are being accomplished as planned.

Product Manger

Financial Manager

•

Planning and organising production schedules

•

Determining quality control standards.

•

Assessing project and resource requirements

•

Monitor and manage all expense within the allotted budget.

•

Establish key financial strategies to enhance business profitability.

•

Develop standard accounting procedures to improve financial operations efficiency

•

Review annual budgets and recommend any changes if needed

Operational Manager

•

Direct and coordinate activities of businesses department concerned with the production, pricing, sales, and distribution of products.

•

Determine staffing requirements, and interview, hire and train new employees, or oversee those personnel processes.

•

Manage staff, preparing work schedules and assigning specific duties.

Designer

•

Visit textile showrooms to keep up-to-date on the latest fabrics.

•

Attend fashion shows and review garment magazines and manuals in order to gather information about fashion trends and consumer preferences.

•

Select materials and production techniques to be used for products.

•

Sketch rough and detailed drawings of apparel or accessories, and write specifications such as colour schemes, construction, material types, and accessory requirements.

Cashier

•

Proses sales transaction.

•

Calculate the cost of product or services

•

Calculate and return change when required by the payment method

•

Responsible for cashiering which includes processing cash and card payment and balancing cash.

Marketing coordinator

6.5 Remuneration Plan

•

Identify Potential Markets.

•

Supervise people

•

Monitoring and analysing market trends.

POSITION

NUMBER OF EMPLOYEES

REMUNERATION PER MONTH / MONTHLY SALARY ( RM )

EPF 12%

SOCSO 2%

TOTAL

General Manager

1

1700

204

34

1938.0

Product Manager

1

1500

180

30

1710.0

Financial Manager

1

1500

180

30

1710.0

Designer

1

1700

204

34

1938.0

Operational

2

1500

180

30

1710.0

Cashier

1

1200

144

24

1368.0

Marketing

1

1200

144

24

1368.0

8

10,300

1,236

206

11,742.0

Manager

coordinator Total

EMPLOYMENT BENEFIT •

EPF and SOSCO Contributions

Its primary aim is to provide a measure of security for old age retirement to its members. All workers are liable to pay monthly contribution of 12% of their wages. The company will also deduct sosco which is 2% of the workers basic salaries. •

Working hours

Employees working hours are based on the schedule we made as a guideline which is from 9:00 am to 5:00 pm. The average leave for an employee is two days a week •

Increase Salary

For these remuneration of workers in our company will give to employee according to certain criteria such as: 1. Quality work 2. Commitment in workforce 3. Depends on rise profits of company.

•

Bonus

Usually, managers pay bonus for celebration times like Eid Mubarak or Chinese New Year •

Medical Leave:

Give medical leave to the workers who are not feeling well after getting the ratification from the doctor. •

Maternity Leave:

For women workers, they have their maternity leave for 60 days.

6.6 List of office Equipment and supplies

Belleza Scarves has bought equipment and supplies as this listed in table.

LIST OF EQUIPMENT No

Types of equipment

Quantity

Price per unit

Total Cost

( RM )

( RM )

1

Laptop

1

1650

1650

2

Printer

1

350

350

3

Air conditioner

2

1000

2000

5

Telephone & Wifi

1

200

200

6

Furniture

...