Entrepreneurship of photocopy store

Group Subject: Entrepreneurship Lecturer: Dr Nguyen Xuan Nhi Class: 18BBAV01 Individual Assignment Taken No Full name Đào Khánh Linh Code Assignment The Business: Business details Registration details   Business premises 181154582   Organisation chart   Management & ownership   Key personnel   Products/services     Strengths in S.W.O.T Assessment   The Business: Innovation Insurance   Risk management   Legal considerations   180000066 Nguyễn Ngọc Như Thảo Operations     Sustainability plan The Market: Market research Presentation Market targets Table Weaknesses in S.W.O.T   The Market: Huỳnh Thanh Trà       181154682   The Future:   Presentation Make the powerpoint The Finances: Nguyễn Trần Phương 181154479     Thảo           Environmental/industry analysis Your customers S.W.O.T analysis Your competitors Advertising & sales Vision statement Mission statement Goals/objectives Action plan Opportunity in S.W.O.T Key objectives & financial review Assumptions Start-up costs for [YEAR] Balance sheet forecast Profit and loss forecast Expected cash flow Break-even analysis Threats in S.W.O.T     CONTENT Part 1: Innovative ideas for entrepreneurship Part 2: Business plan Part 3: Conclusion PART 1: INNOVATIVE IDEAS FOR ENTREPRENEURSHIP Executive summary: o Stock company “Printing 101” o 460/3F Nguyen Huu Tho, district 7, Ho Chi Minh City o Start with 5.000.000.000 VND fund o Main product: Photocopy documents o Tax code: 0101657909 CONCEPT OF ENTREPRENEURSHIP ◦ The process of designing, launching and running a new business, which is often initially a small business ◦ The people who create these businesses are called entrepreneurs ◦ It is also as known as startup: individual entrepreneur exploiting new technology or market opportunity ◦ Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit SPIRIT OF ENTREPRENEURSHIP ◦Entrepreneurial spirit is a mindset It’s an attitude and approach to thinking that actively seeks out change, rather than waiting to adapt to change ◦It’s a mindset that embraces critical questioning, innovation, service and continuous improvement ◦In another way, an entrepreneurial spirit is a way of approaching situations where the business man feel empowered, motivated, and capable of taking things into your own hands PART 1: INNOVATIVE IDEAS FOR ENTREPRENEURSHIP Vision: ◦In 2020 January, the membership card will be release ◦In 2021, company will create the foundation for impoverished children ◦In 2023, company will have 10 stores near schools and universities ◦In 2026, be the first photocopy store chain in Vietnam PART 1: INNOVATIVE IDEAS FOR ENTREPRENEURSHIP Mission: ◦Help children and students interact with studying ◦Keep content on paper as long as possible ◦Help people with administrative document ◦Keep up with the demands of study Product/ Service Photocopy documents (Direct Sale Detail) Product and service Paper (Whole sale) Photocopy machines Inks Cards Posters Consulting Description Price A4 350VND/piece A3 1.000VND/piece Black and white A2 4.000VND/piece A1 7.000VND/piece A0 10.000VND/piece A4 4.000VND/piece A3 8.000VND/piece Full color A2 16.000VND/piece A1 10.000VND/piece A0 50.000VND/piece A4 12.0000VND/roll A3 130.000VND/ream A2 150.000VND/roll A1 150.000VND/roll A0 160.000VND/roll Hp designjet 5500 plus Full color printer 62.500.000VND Hp designjet 500 plotter Black and white laser printer 25.000.000VND Toshiba E280 Photocopy 15.000.000VND HD-QZ 320 Electric paper Cutter 12.000.000VND Accept orders on request  Provisory Black   210.000VND/box Full color   700.000VND/box Name card, Card visit 100 pieces/ box 35.000VND/box A4 21 x 29.7 cm 20.000VND/piece Small 28 x 43 cm 50.000VND/piece Medium 46 x 61 cm 100.000VND/piece Large 61 x 91 cm 200.000VND/piece  Professional staffs   Free 10 JOB DESCRIPTION Job Title Accountant Type of organization Online Direct Detail Sale Mission Calculate the daily turnover of online orders and report back to senior Calculate the monthly revenue of the parts Online (furniture, equipment, expenditures for work: meeting clients, ) Whole Sales Up wages for employees in part-fitting statistics and monthly revenues and expenditures reported to superiors Exchange money of the revenue and expenditure monthly sales with other departments and set up to report back to senior Receive orders for customers located Staf Online Support issues advisory products and services to customer demand - Order for the distribution for each line Statistical Tabulation preferred product number The monthly customer order statistics number of orders and reported to senior 16 JOB DESCRIPTION Job Title Mission Set up a website and coordinate with the Marketing department to design website Install and configure the appropriate version according to technical standards Copy diary repair and maintenance of equipment as prescribed IT Schedule and schedule system upgrades and maintenance without affecting the work schedule of other employees in the company Track the number of computers and network equipment and place orders when missing Ensure the security and privacy of network systems and computers Sales Consult and support directly for customers in the store Record orders and services on the system Report back the amount of revenue on items as well as services at the store 17 STAFF COST Per month Position Quantity Cost Total Accountant 9.000.000 VND 18.000.000 VND IT 10.000.000 VND 20.000.000 VND HR 15.000.000 VND 15.000.000 VND Sales 11.000.000 VND + percent on products 33.000.000 VND Marketing 17.000.000 VND 34.000.000 VND 8.000.000 – 15.000.000 VND 24.000.000- 45.000.000 VND Staff Total Cost 144.000.000-165.000.000 VND 18 INSURANCE ◦Workers compensation: Provide expenses paid for the staff when going to the hospital during labor ◦Public liability insurance: Pay for the damages if the customers have problems in the company ◦Product liability: Compensation for expenses to customers if an accident caused by the product of our company ◦Property all risks: Properties in the company are enroll for term insurance, so it will not cost the money if there are unexpected or natural accidents ◦Business revenue: Compensate for the money that the company has paid before of business insurance if the business has a problem or must stopped 19 RISK MANAGEMENT No Risk Likelihood Operational risk of the equipment Highly Likely about fire protection Theft and loss the property in the Highly Likely company Have the modern automatic system Likely Labor contract clearly Likely Impact Strategy High We will install the automatic fire sprinkler system, fire extinguisher, fire alarm system High We will buy the property insurance to keep our assets integrated Have switch on telephone networks, steering and stabilization of High machines, automatic surveillance camera, automatic fire sprinkler system All the position will have to sign the 3-month contract for the first Medium time working at the company; staff will work base on the part-time contract 20 PLANT & EQUIPMENT No Equipment Purchase Date Vehicle 03/12/2019 Computer 09/12/2019 Fax machine 10/12/2019 Phone 10/12/2019 Office 10/12/2019 furniture Photocopy 30/12/2019 machine Photocopy 30/12/2019 paper Photocopy 30/12/2019 inks Total Cost Purchase Price 50.000.000 VND 100.000.000 VND 15.000.000 VND 1.000.000 VND 50.000.000 VND Running cost 5.000.000 VND/ month 1.000.000 VND/ month 1.500.000 VND/ month 100.000 VND/ month 5.000.000 VND/ month 80.000.000 VND 8.000.000 VND/ month 20.000.000 VND 2.000.000 VND/ month 30.000.000 VND 3.000.000 VND/ month 346.000.000 VND 25.600.000 VND/month 21 FINANCE PLAN (2020 – 2023) 2020 Unit:VN D   2021   Differences 20202023 2021 2022         Differences 20212022   Differences 20222023   %     % % Revenue 700000000 800000000 850000000 800000000 100000000 14.3 50000000 6.3 -50000000 -5.9 Expense 614000000 500000000 600000000 100000000 -114000000 -18.6 100000000 20.0 -500000000 -83.3 86000000 300000000 250000000 700000000 214000000 249 -50000000 -16.7 450000000 180 Profit 22 ACTION PLAN No Activities Start day Expected Ending Survey Premises License (Registration) Recruitment Training Construction Advertisement Opening ceremony 1/11/2019 5/11/2019 20/11/2019 26/11/2019 3/12/2019 5/11/2019 19/12/2019 19/12/2019 30/11/2019 5/11/2019 30/11/2019 3/12/2019 17/12/2019 12/11/2019 28/12/2019 28/12/2019 23 S.W.O.T analysis • SO: Establish a national brand • WO: Looking for strong capital • ST: Not relying solely on the need of students but also expanding the search for the needs of others • WT: Start a business where there are few competitors to be a monopoly in one area 24 COMPETITOR DETAILS Competitor 5s Photocopy Tien Phat photocopy Established date 2016 Earlier than 2018 Size staff staffs Market share (%) 70% 20% Value to customers Convenience Strengths Weaknesses Convenient location Slow service No reputation  Service Convenient location Expensive  Quantity Rapid service  Quality Convenience 25 ADVERTISING & PROMOTIONAL STRATEGY No Plan promotion/ advertising type Online advertising Print media advertising Event Expected business improvement It makes a lot of people know our company through a social media or website that they usually use it We will print the advertising regard as our demo product to everyone about quality We will organize the event to introduce our company also a special product for everyone Total cost Cost Target Date 12.000.000 VND Per year 6.000.000 VND Per year 100.000.000 VND 118.000.000 VND Per year Per year 26 SALE AND CONTRIBUTION CHANNEL NO CHANNEL TYPE Direct Sale Detail PRODUCT/ SERVICES -Photocopy documents -Print with colors -Making cards (Ex: wedding/ innovation/ greetings/ Christmas/ New Year Eve) -Making poster -Printing books   Online -All products sales directly -Lending photocopy machine -Open preorder 24/7 all product for customers -Consulting   Whole Sale -Providing photocopy machines for offices -Photocopy materials -Photocopy inks PERCENTAGE OF SALES ADVANTAGES DISADVANTAGES 55% -Approaching directly with customers -Understanding customer’s demand - Conducting market survey with customer - Creating many types of printing for customers - Responding all demand of customers -The customers have not known our company yet - Many services have not been established yet - Experiments are not diversity - Place still a small house - Still a shortage of equipment 30% -Have a team of mechanic to repair machines -Boosting company by run advertisement - Easy to advertise - Easily delivery 15% -Selling with large amount will get high total revenue - Not need too much capital - Easy to revoke the capital   -Defaulting receive the order -Less interact -Spending much money on advertisement - People may not attention to the company - Must have internet to advertise for company - The cost will lower than retail sales - Customers must buy ten products at once - A lots of customers but difficulty 27 to manage PART 3: CONCLUSION FUTURE: ACTION PLAN Milestone Date of expected completion Branding of “Printing 101” to nationwide 2024 Open a chain of stores nationwide 2030 Franchisor 2055 Person responsible Sale Marketing IT Advertising executive CEO HR Accountant CEO 28 PART 3: CONCLUSION The plan possible to develop in the future Even though in the beginning, the store find it difficulty in the fund for the reason that it have to a lot of things, for example: Doing survey, finding labor, location, plant and equipment, etc For long-term period, it will easy to make high profit 29 REFERENCE ◦ Project of opening photocopy shop (2012) Retrieved from https://123doc.org//document/15361-du-an-mo-cua-hang-photocopy-doc.htm ◦ John Bessant and Joe Tidd (2015) Innovation and Entrepreneurship, 3rd edition, Wiley ◦ Paul Burns (2014) New Venture Creation, 1st edition, PALGRAVE MACMILLAN ◦ Definition of entrepreneurship Retrieved from http://www.businessdictionary.com/definition/entrepreneurship.html#ixzz3xv9ci0nt ◦ Paul Burns (2014) New Venture Creation, 1st edition, PALGRAVE MACMILLAN ◦ Director of administration human resources (2019) Retrieved from https://www.vietnamworks.com/giam-doc-hanh-chinh-nhan-su-linh-vuc-cong-nghe-directorof-administration-human-resources-technology-field-human-resources-manager11202167jv/? utm_source=searchPage&utm_medium=noResult&utm_campaign=noResult&utm_content=S martNaviIOP ◦ Job description Retrieved from https://goodcv.vn/blog/mo-ta-cong-viec-nhan-vien-it-nsi559 ◦ Acouting’s job description Retrieved from https://quantrinhansu-online.com/project/mo-tacong-viec-vi-tri-ke-toan-vien/ 30 ... -Lending photocopy machine -Open preorder 24/7 all product for customers -Consulting   Whole Sale -Providing photocopy machines for offices -Photocopy materials -Photocopy inks PERCENTAGE OF SALES... opportunity ◦ Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit SPIRIT OF ENTREPRENEURSHIP. .. lots of customers but difficulty 27 to manage PART 3: CONCLUSION FUTURE: ACTION PLAN Milestone Date of expected completion Branding of “Printing 101” to nationwide 2024 Open a chain of stores