Table of Contents
- THE INDUSTRY AND THE COMPANY AND ITS SERVICES
- Entry and growth strategy
- MARKET RESEARCH AND ANALYSIS
- Estimated market share
- MARKETING PLAN
- DESIGN AND DEVELOPMENT PLAN
- MANUFACTURING AND OPERATION PLAN
- MANAGEMENT TEAM
- CRITICAL, RISK, PROBLEMS AND ASSUMPTIONS
- FINANCIAL PLAN
- Income statement
- Cash flow Statement
- Balance Sheet
- Break Even Analysis
- RATIO ANALYSIS
- CONCLUSION AND RECOMMENDATIONS
This project is about creating a business plan in which we have to mention the overall plan on the identified opportunities we are developing a business plan on hostel laundry While living in a hostel of our university we identified a need of laundry service in our hostel that’s why we are going to start a laundry service with the name of bright and clean hostel laundry in which we are going to provide a laundry service at cheapest price which is just $ 4.5 of washing of one dress with its iron as well. As we identified the market demand of hostel laundry business is too high as the students of hostel have not enough time to wash out and press there dresses time to time. They have to rigid routine of their studies and due to this it’s difficult for them to manage all these households. Our target market is girls hostels we did a survey at the hostel and filled out questionnaires from different respondent’s majority of the respondents agreed to our initiative our competitive advantage is that here is no such laundry is available which provides such quality and services at cheapest prices to the girls living in hostels. Our team comprise of 5 members this whole business is being supervised by Miss S.A whereas other members are managers as well as supervisors we are offering the following facilities to our customers Washing, Spinning, Ironing, Stitching, Packing and Delivery at cheap price and good quality.
THE INDUSTRY AND THE COMPANY AND ITS SERVICES:
Current status of industry:
If we checkout the scope and demand of laundry business over the globe, it’s a huge business which have a high profit earning business. In the whole world if we check out the industry of laundry service, there is few business are available have such nature. In Europe and other developed countries of world people are having such busy routine of working and their business dealings so they usually depends upon the laundry services provided in their countries or home town, because the trend of working of women is very common there so they need that laundry services in their daily routines. But in many countries such business have no any high demand or need as most of the people are focusing on home washing as there is very low trend of working of women, most of the women are house wives so they focus on home washing more than getting dependent on laundry services. As we are going to target the market of universities so it’s important to check out the business status in universities as well, in universities most of the population have its working routine and majority of people are students and in such busy routine of these studies they need a proper laundry service. From all the students majority are hostel ides and they have no proper availability of washing clothes in there hostels and have no such time availability as well, so after this research we came to know that it’s have a need to start a business for providing the laundry service to the girls hostels that the female students may get their clothes washed, pressed and available to them on time.
Growth Trends and competitors:
Growth potential of such business is too high as there is a huge demand of such service in hostels of boys as well as for girls that’s why it will must considered as an ongoing business with high potential of profit in it. Here are no such direct competitors of our business which can affect the growth of working of the business. But here are some indirect competitors of our business like simple maids or other common laundries.
Energy requirements of the business we needed to start and run the business are as follows:
Supply chain factors:
In our business integration will be used by adopting a way of vertical integration that we are going to provide a takeoff service of dirty clothes and delivery services of pressed dresses. For this purpose we will use a forward vertical integration by adopting a making technique in it that we will hire our own employee which will perform such services to takeoff and delivery of clothes on the other level of services.
Waste generation or Recycling:
There is no such wastage of any of material or service will occur in our business as our business is as services business and according to this there is no any wastage of resources in it so that we should recycle it.
The Company and The concept:
Business Name and Address:
Bright and Clean Hostel Laundry service
Proprietor Name and Address:
Nature of Business:
Bright and clean company is basically a service provider company and is providing the service of washed clothes with ironing and other services to the hostel girls to avail an affordable laundry service.
Mission of Business:
“The mission of Bright and clean is to provide affordable services of laundry to girls living in university hostel. The main aim is to offer affordable, high-standard and good quality of service to the customers. This will be achieved with the help of courteous behavior, friendly customer service and unique ambience”
Good business plan
the business plan is beautiful,