FESABILITY PLAN OF A Charger Pin Unit Built in A Mobile: Project
FESABILITY PLAN OF A Charger Pin Unit Built in A Mobile: Project
FESABILITY PLAN OF A Charger Pin Unit Built in A Mobile: Project
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ROLL NUMBER:
MCOF19M0xxxxcc
Supervisor Name:
SUBJECT:
Entrepreneurship
UNIVERSITY OF SARGODHA
NOON BUSINESS School
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EIGHT COMMON STEPS IN A FEASIBILITY
PLAN
Executive summary
Venture define
Product and service
Market characteristic
Entrepreneurial team
Financial summary
Business concept
Market plan
Product
Price
Place
Promotion
Manufacturing or operations
Entrepreneurial team
Financial documentation
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Feasibility Plan:
An analysis of a proposed project to determine whether it is feasible and must
takes all of the relevant factors which are explained below:
1)EXECUTIVE SUMMARY:
After analysis the today market situation, I have investigations that
there are many explanation because of which android gadgets may not be
charged properly and dont carry the charger easily during travelling and
many other reason so the clients got stressed over it there is no
component or item is yet dispatched in the market to tackle this issue.
Subsequently, I am eating another item called A charger pin unit built in a
mobile device to handle this issue. This gadget will help the android clients
in chilling off their advanced mobile phone. By recognizing the
requirements of the android clients, we grow, for example, specialized and
new item which is being intended for all the android clients from the age of
20 to 50. The development and accomplishment of this item help us in
keeping up our capital speculation and in passageway of this item to the
market. And issue of charging the mobile phone is resolved.
a) Venture defined:
Advantages:
Charging of a mobile phone is done wirelessly
We can saving time for charging mobiles
Wastage of power is less
Mobile get charged as we make calls during long journey
Only one microwave transmitter can serve to all service
providers in that area
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The need of different chargers by different manufacturers is
totally eliminated
c) Market characteristic:
Following are the objective should be picked for A charger Pin Unit Built
in a Mobile has the accompanying objective clients whose age is
between 20 to 50 and these are:
Trend Conscious
Young people
Common users
Potentials users
Professional users
d) Entrepreneurial team:
It is quite natural to presume that there is an interaction between the
entrepreneur and team members within an entrepreneurial team. The
focus of entrepreneurial team to provide information about the product
and also brings the new ideas. The key essential for the firms success is
that the individuals must Identified and their skills and talents must be
described.
Cognition Behavior
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Emotional conflict Strategic sustainability
e) Financial documentation
Financial are helps us in attaining our goals in monetary form.
2)Business concept:
Purpose of venture:
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Distinct Competency:
The main function of this product is that it had a built in charger unit in
mobile phone and there is no need to carry the charger. This technology
make enable to the user that can do work smoothly and also time saving.
This device can solved the problem of charging due to long time use of
mobile.
We can discuss some characteristics of this product:
It can easily to use
The cost of this product is not so high every one can purchase it
We can saving time for charging mobiles
Wastage of power is less
The cutting edge period turned into a time of innovation and patterns.
Individuals are utilizing android by following the patterns. In our built in
charger Mobile there are such mechanical highlights which we have made
to diminish the charging issues of android gadgets. Market patterns
incorporate such innovation based variables like PDAs which innovation
exist all over and numerous clients face issues because of charging of
android. Along these lines, market drifts additionally help us in making
market pattern of A built in charger in mobile device.
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CUSTOMER SCENARIO:
The customer scenario is basically depends on three main factors:
Gender
The company basically focuses on gender base means the users of
product male or female. First of all we identify the customers who
are competent to use this technology.
Income level
Income level is also effect on the usage of technology the company
must produce according to the capacity of the consumers.
Standard of living
The customers must have proper knowledge to use this technology
the awareness about this technology is very important.
We took the round of market for picking up data about clients that is
there any generally costs paid clients, is the need of that item exists on the
lookout, to Mobile with a built in charger will be served and what will be the best
correspondence channels for serving this item.
We have analyzed that there are numerous costs paid clients who will purchase
this mobile to take care of their android issue of charging. There are many marked
android gadgets in the market yet every one of these gadgets has an issue to
carry the charger. Indeed, even nobody marked organization has yet made any
arrangement or highlight to handle with this issue of android clients. We
concocted presenting new item “A charger Pin Unit Built in A MOBILE” which will
help the android clients to chill off their PDAs. We are going to promoting this
item and offer attention to the android clients that their concern can be tackled
by utilizing this kind of mobile and it has additionally become a need of the
present android clients. There is the circumstance in the market where that sort
of items are not yet existed so we are going to launcher enter this item for the
principal year of activity on the lookout. A Charger Pin unit Built in a Mobile is
quite an inventive item and we have enough assets through which we will make
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mindfulness and client esteem about the charging of the android by investigating
the entire circumstance. It can provoke the interest since has such highlights
which are the need of the present clients. In this way, there is a circumstance
these days in the market in which such sort of item will be requested
We have fragmented the market by isolating the populace into various gatherings
based on their regular trademark, for example, age, district, religion and City.
SWOT analysis:
Strength:
a. Newly planned and advancement
b. Least Expensive
c. Dependable
d. Easy to utilize
e. Security
Weakness:
a. Reliable on android
b. Lack of extensive platform
Opportunity:
a. Uniqueness
b. Grow interests for quality items
c. Cost
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Threat:
a. Improper commercialization
b. Poor sales if competitors are in the market
5)Market plan:
When we developed the product A Charger Pin unit built in a Mobile we
make some marketing programs which include 4Ps that are:
iii. Promotion:
Through promotions
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Through social media marketing
Through E-mail marketing services
Through different websites and ads
iv. Place:
Market: smart phone
Location: Pakistan
Channel of distribution: wholesale dealer to end consumers
and users
6)Manufacturing or operational:
Mostly manufacturing plans are depends on the nature of the business. For
the manufacturing of products the company required raw material to
continue their production. In the manufacturing and operational plans
include different elements:
Location:
The first and most important factor is location then we start the business.
We will choose an area and then sale our good. Easily transfer the good
from one place to another. So we can choose the location of SARGODHA,
LAHORE and FAISLABAD we can purchase the land easily in these places
and there are many villages around it. Lahore market condition is very good
and we can easily sale the good from on city to another.
Facilities:
Inventory:
The company will hire the skilled and expert staff to manage the
inventory.
Method
Human resources:
The human resources are very important factor to run the business
successfully. We select the employees and labor that have the
knowledge about a charger pin unit built in mobile. They also know how
to design this product.
The labor is main factor that convert the raw material into finished
goods. We hire the staff who familiar with the culture of organization
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and easily fit for the organization. The human resource management
performs following functions:
First: They select the candidate that is knowledge about the product
according to their skills and expertise.
Second: They train that candidate who have less experience of product.
Last: It can give the reward to those employees which perform best
effort to achieve the organizations goals.
Operations:
Quality is the main factor and in our product we also focus on quality.
Otherwise the product is fail people are not purchase this product. We
can perform better performance so we can first train our employees
that can produce it. Safety of labor is also very important we focus on it
7)Entrepreneurial team:
All members of the team have experienced in the growth
environment of successful start ups and contribute unique talented and
essential skills which make company successful.
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One of the main director/CEO of the company who has the skills
of controlling and managing.
Office manager.
Developer of designer.
Controller of packaging.
Sales man.
CEO
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Designing Packaging
8) Financial documentation:
Years Sales
2021 300,000
2022 350,000
2023 100,000
2024 150,000
2025 170,000
Total sales 1070,000
Now we can explain this expenditure how they occur in business and what is the
role of these expenses in business. As we know that some expenses are fixed in
nature and some are variable. Fixed expenses must be pay by the business rather
than the profit or loss. But the variable expenses are related to output. If
production is made than we pay the variable expenses.
Advertisement:
It is the expense to introduce the product in the market and it is the necessary
expense must bear by the organization and include in profit and loss account.
Depreciation:
Will need to be filled in as capital equipment and other depreciable items are
purchased.
Insurance:
We are in process of obtaining insurance quotes from several providers and will
replace these figures with more accurate data when the quote arrives.
Rent:
Shows zero for the first year because the entire first years lease is included in
start up costs. Rent is must be pay by the business because it is a fix expense.
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This expense incurred when the product is selling to customers and delivers the
product to customer.
And marketing expense are those when the product is introduced in the market
to give the knowledge of the product to customers and then they purchase it.
ABC Company
Income Statement
Sales $850000
-expenses
Payroll $100000
sales and marketing and other expenses $700000
Depreciation $100000
Utilities $40000
Insurance $70000
Rent $25000
Payroll Taxes $75000
Misc. Expenses $120000
Total Operating Expenses $600000
Profit before Interest and Tax $250000
Interest Expenses ($40000)
Taxes ($50000)
Net Profit $160000
ABC Company
Cash Sales
($850000)
Expenditures:
Cash spending $200000
Bill payments $150000 Page 17 of 19
Purchase Assets $275000
Subtotal Cash Spent $625000
Net Cash Flow $225000
ABC Company
Balance Sheet
As On ..
Conclusion:
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In short, we can say that we introduce such kind of product /mobile phones which have
the feature of built in charger. There is no need to carry the charger during travelling. Wireless
power transfer is quickly becoming a viable reality.
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