Complete Business Plan Assignment

Entrepreneurship

This is a complete assignment and report of Entrepreneurship Business Plan of Mobile accessories and Repair shop. This assignment helps you out about the detailed study about how to start a new business of mobile or electronic shop in local market and you can also expand it to the international market. This assignment is totally free and you can also download it easily. This assignment specially prepared for BBA, MBA, B.com, M.com , and other business field students and teachers to provide them online resources to make their work easy and provide them an overview about the assignments and works, how to prepare them. 

Business Plan

Mobile Accessories and Repair Shop

Table of Contents

Business Name, Mission Statement, Introduction, Market Analysis Summary, Competitive Edge, Location, Customer Service ,Products: Phones Brand, Phone Accessories, Keys to Success, Market Segmentation, Balance sheet ,Sales Sheet, Income Statement, Break even Analysis

Mobile Accessories and Repair shop

Business Name: ABC Mobile Accessories and Repairing Shop

Mission Statement

“Our aim is to provide branded cellular accessories and quick and efficient mobile repairing service to our customers.”

Introduction:

Mobile phone is the most important product that is most common in use now-a-days. Everybody is now having their personal mobile phones. In Pakistan, the ration of mobile phone purchasing is very high. There is concluded from a research that there are 35 million subscribers of electronic devices.  

The business of mobile phone accessories and repairing is very profitable one. Although there is a very high competition in market, but the ability to start business by covering selected market segment and expanded network results in the high revenue and hence more profit as well. If we find a location with limited competition or create an online presence that outshines the competition, we can build a profitable small business selling cell phone accessories.

Market Analysis Summary

The market potential is huge for our products, evidenced by what appears to be the unstoppable growth of the telecom industry. Currently, the telecom industry is among the strongest growth industries and is responsible for huge gains in the capital markets. As we are opening our shop on hall road, and hall road is the main market for mobile industry in Lahore. As we have experienced labor who have experience more than 7 years in related work. Mobile repairers are not easily available on hall road, and if they are, then they are taking too much time to resolve or repair customer issues. We can provide quick and fast service to our customers so that they can repair their mobiles on the spot and don’t need to wait too much for their turn. In hall road, we can target the shopkeepers who are dealing with customers. By providing benefits to them in initial stages, we can attract more customers for our repairing work and can increase our profit.

Competitive Edge

Location: We are opening our shop on the Hamza Plaza, Hall road Lahore because the location is almost in the center of the market and the whole plaza is filled with the mobile shops. Our shop can cover large and rapidly developing customer public.  

Customer Service: as we are providing mobile repairing service to our customers with experiences workers and engineers. By providing quick and efficient service to customers, we can make maximum permanent customers. We also provide them guarantee for our repairing work so that customers can be satisfied with our work.

Products

The following are the products that will be offered to our shop:

Phones Brand: 

·         Nokia, Samsung, Apple phone and HTC 

Phone Accessories:

·         Charger, Memory cards, Hands free, LCD’s, Data cables, Protectors, Pouch, Side buttons and keypads.

Keys to Success

Our keys to success will include:

1. Provide excellent customer service
2. Grow and maintain a referral network of customers
3. Focus expertise in GSM cellular phones and GSM cellular phone programs
4. Respond rapidly to customer problems

Market Segmentation

We have market segment as given below

• Shop keepers of shops (Those who took work for repairing and send the work to other lab for repairing).
• Regular and usual customers
• General Public

 

Balance sheet
Assets			Liabilities & Equity
Cash in hand	1,300,000		Non-current Liability
Stationary	2,000		Capital	5,000,000
Account receivables	285,500		Payable	12,000
			Current liability
Property and equipment	3,225,000		liability	20000
Furniture& fixture	2,000,000
Accessories/ inventory	2,000,000		Retained Earning	3,792,500
Tools	12000
Total Assets	8,824,500		Total equity and liability	8,824,500

Sales Sheet
	Nokia	Samsung	HTC	Apple
charger	30000	45000	50000	125000
Memory card 8 GB	76500	3150000	81000	0
Memory card 4 GB	125000	240000	480000	0
Hand free	60000	45000	175000	600000
LCD	100000	100000	100000	600000
data cables	280000	26000	150000	150000
protectors	70000	21000	21000	30000
pouch	50000	37500	60000	20000
side buttons	20000	120000	58500	87500
keypad	25000	135000	20000	0
TOTAL	836500	3919500	1195500	1612500

Income Statement
Revenue	Rupees
charger	250000
Memory card	4152500
Hand free	880000
LCD,s	900000
data cables	606000
protractors	142000
pouch	167500
side buttons	286000
keypad	180000
Repairing Service Revenue	3000000
Total	10564000
Expenses	RS
CGS	4000000
Labor	600000
Utilities	45000
Electricity bill	360000
Telephone bill	48000
Shop rent	360000
security	96000
returns	60000
Fuel	30000
Dep furniture	80000
Cleaning	40000
Refreshment	120000
Dep generator	100000
Total expenses	5939000
EBT	4625000
Tax 18%	832500
Net income	3792500

Break even Analysis
Fixed cost		Variable cost
Labor	600000	Utilities	45000
shop rent	360000	returns	60000
Dep. generator	100000	bills	408000
Dep. furniture	80000	Fuel	30000
Cleaning	40000	Refreshment	120000
Total	1180000	Total	663000
unit produced	27000
variable cost per unit	24.56
Fixed cost per unit	43.70
selling cost per unit	391.26
Break even in Rs	3217.857
RoI	110

Download in Word file