This business plan outlines the operations of CHOICE Printing Press Company, including analysis of the environment, products and services, demographics of customers, competition, marketing and promotion strategies, and SWOT analysis.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Business Plan1 BUSINESS PLAN Name: Institution: Course: Tutor: Date:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Business Plan2 The Business Plan CHOICE Printing Press Company Enterprising Organization Al Rawahi Ahmed 12815 Al Badri Ahmed 11392 Al Zhali Badar 9923 Al Junaibi Sulim 11502 Al Junaibi Salim 11910 Al Habsi Khalfan 12441 Delivered to: Doctor Gina Jocson Table of Contents
Business Plan3 Choice Printing Press Company......................................................................................................5 Executive Outline............................................................................................................................5 The marketing set up.......................................................................................................................6 Analysis of environment..................................................................................................................6 Before five years..........................................................................................................................6 Products together with services...................................................................................................7 Demographics of customer..........................................................................................................8 Competition as well as competitive advantage............................................................................9 Strategy of price.........................................................................................................................10 The Policies of advertisement and promotion...........................................................................12 SWOT Analysis.............................................................................................................................12 Strengths....................................................................................................................................12 Weaknesses................................................................................................................................13 Opportunities.............................................................................................................................13 Threats.......................................................................................................................................13 Market survey............................................................................................................................13 Questionnaire.............................................................................................................................14 Targets of marketplace..............................................................................................................15 Plans for operations.......................................................................................................................15 Structure of business..................................................................................................................15 Level of operation......................................................................................................................16 Issues of regulation....................................................................................................................16 Business principle......................................................................................................................16 Location.....................................................................................................................................16 Arrangement of production........................................................................................................16 Arrangements of distributions...................................................................................................17 Terms of credit...........................................................................................................................17 Plant along with equipment.......................................................................................................17 Quality management..................................................................................................................17 Plan of organization.......................................................................................................................17 Structure of organization...........................................................................................................17 Required Skills...........................................................................................................................18
Business Plan4 Personnel....................................................................................................................................18 Resumes.........................................................................................................................................18 Plan for finance..............................................................................................................................19 Strategy of finance.....................................................................................................................19 Developed charges along with sources of funding....................................................................19 Projection of Balance Sheet...........................................................................................................20 Profit along with projection of loss...........................................................................................21 Expenses of operating................................................................................................................21 Expected flow of cash projection..............................................................................................21 Received cash............................................................................................................................22 Expenditure....................................................................................................................................22 Expenditures used for operations...............................................................................................22 Projection of cash flow of Breakeven........................................................................................23
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Business Plan5 Choice Printing Press Company Executive Outline The company under consideration on this business plan paper is the CHOICE Printing Press. The idea of coming up with this name of the organization under discussion was arrived at by different partners in business operations. The operations of this company aim at the provision of services of printing by pre-orders. The managing director along with partners of the company has the responsibility of looking for the marketplace for the work of publication while determined for the prospect development of the organization. It is evident that every company is capable of developing their distinct marketplace position by offering exclusive as well as reliable quantity along with quality on the rates of competition to satisfy its targeted clients. Different factors that lead to successful operations of any company remains to be under indoctrinated within the aims of the company of CHOICE Printing Press. The company of CHOICE Press Printing has concentrated on functioning on the different mission along with the vision to offer innovation in the sector that deals with printing while taking the competitive merit of the innovation process within a short duration. It is clear that idea of change together with exclusiveness to be appreciated making the company to concentrate on taking the initial step on the scenario that tends to touch the needs and wants of different customers. Besides, CHOICE Pres Printing organization also operates while aiming at offering the superior services for the products on outstanding rates that are reasonable. The company also focuses on approaches that aim at achieving the edge over its chief competitors within the short duration along with rule over marketplace through its classified services along with products. The extended aims of the CHOICE Company remain to be stated as to stand as the chief organizer in the industry that deals with printing activities through the continuous process of
Business Plan6 diversification of operations as well as improving its innovation. In this business research work, the use of SWOT analysis focuses on helping in the determination of the relative strength along with weaknesses of the operations of the corporation. The efficient process of analyzing operations of CHOICE Company enables its management to make different changes in company’s systems of operations, services, together with the classification of other essential factors influenced by operations. The shifting in operation system may e proved to be vital for the operations of CHOICE Company making it outshine the opportunity of success. The analysis of environmental factors conducted during business operations is essential as it helps in checking whether different external along with internal business environment remains to be favorable to operations of an organization or not. Furthermore, conducting environment analysis shall be performed by comparing the operations of the company with the past operations on past five years in the market of printing along with the present scenes in different printing marketplaces. Additionally, approaches that deal with marketing together with finances along with fundamental personal are also disclosed in this paperwork. Examination of effects that arises through marketing as well as systems of investments remained to be examined deeply, and the outcomes will be ruled out anchored in the verifications. The marketing set up Analysis of environment Before five years In past 5 years, there was a lack of a trend of tailor-made printing around the marketplace. During that period, there were decidedly fewer companies that engaged in printing services in the entire nation like the Al-Qabas Printing Organization that was launched in the
Business Plan7 early days of 2010 and been involved in activities of printing from the past six years (Makos 2015, p. 2). Besides, there was low awareness among individuals concerning the printing organizations along with the dresses for printing. Presently:in the recent times, different teenagers remain to have interest in activities of printing along with the desire to attain prints on different clothes. The individuals of every age bracket have the desire to wear dresses that have prints that have innovative designs (Lan 2012, p. 3). Companies that deal with new printing are currently being established. Some the companies being created include Al-Anan Printing Press (Rusayl) that has been in existence from the early days of 2012. In 2014, another company that was established was Mazoon that deal with printing in the city of Sultan Qaboos. The advancement in technological usage among printing companies has to lead to increased cases of competition among companies. Products together with services Company of CHOICE Printing Press concentrates on the idea of provision of different functions of printing to the targeted customers (Joss 2012, p. 5). The principal services offered by the company include:- ï‚·Printing of T-shirt ï‚·Uniforms of Sports
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Business Plan8 Caps All the designing of printing of the company range from smiley to tattoos and cartoons that is available around its operations. The company operates by providing the quality services for printing while guaranteeing its consumers of quality services (Chauhan 2014, p. 6). The company aims at printing dresses and other products that do not fade away till six months, and if they fade, they guarantee customers for free replacements. Demographics of customer Demographics of targeted customers’ remains to be market of goods produced that is identified by individual’s gender, age, along with marital status among other factors. In the case of the company of CHOICE Printing Press, the targeted clients remain to be mostly youths and
Business Plan9 sportsmen. Athletes targeted by the company continue to be interested in placing different smiley and tattoos on their printed t-shirts (Gupta 20013, p. 35). Most kids both girls and boys will have interest on ideas of putting characters of the cartoon on their outfits. Therefore, the spouse would have the importance of placing their picture printed on T-Shirts. The innovation as well as up to date understanding and knowledge in this field remains to be a must. Therefore, operators of the company on printing products need to stay aware of the latest movie, characters of the cartoon, along with pop stars so that they can effectively compete for the demands of targeted clients on marketplaces. Competition as well as competitive advantage Provision of innovative services with the vast variety of material along with the product for printing like the vast assortment of characters cartoon are fundamental for the accomplishment around here field. Upper hand in business operations of the company remains to be the only likely issue due to issues of innovation along with the presence of significant resources. The company concentrates on improving its process of manufacturing highly innovative products with different designs of innovation according to the demands together with needs of targeted clients. The esteemed clients are likely to buy the produced products that are exclusive as well as affordable for the customers (Gupta 2013, p. 1). Besides, the company of CHOICE Printing Press has the merit that if provided the innovative merchandise at prices that are competitive by enabling the company to get the edge over the main rivals (Hp et al., 2016, p. 3). In the event that the enterprise keeps up its aggressive accuses along of value in future tasks, at that point nothing can productively stop the association to beat the main rivals while ruling over different markets. StrengthsWeaknesses
Business Plan10 The prices of every product offered by the company are always affordable as well as reasonable. The ideas of marketing along with advertising services by the company remain to be the vital factor in the successful operations along with the development of business operations making the company of CHOICE Printing Press to uphold particular advertisement (Indris 2015, p. 1). The other strength remains to be the idea of improved customer service about urgent as well as the home delivery that stays to be unique services that help it to overcome cases of competition in the marketplace. The existence of different printing brands does not let the company settle down since hard cases of competition efficiently have to face by chief competitors. The team that deals with designing of printing products is not concentrated to introduce other new designs in the marketplace (Lin 2002, p. 1). The other weakness in operations of CHOICE Company is the idea that competitors within the market have developed innovative services with the vast variety of printing material along with products like the massive variety of characters of cartoons. Strategy of price The plan will involve the use of the lower value among chief competitors due to the strength of operations together with competitive advantage organizations owned by different organizations. Besides, period obsessed by different companies play a significant role in the strategy of the price of different products (Jurevicius 2013, p. 1). Charges of products will be applicable to the company of choice less that other organization evens other competing companies along with accounts for the massive number of client and be their mark within the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Business Plan11 marketplaces that are commercial. For instance, the company of Al-Qabas focuses on printing price T-shirt six along with the company of nation claimed to be five for the sportswear as well as Cap. Title of RivalPowersFlaws Al-Qabas firm of Printing found in Al-Khuwair Renowned brand title Ideal communication Gives quality yields Comprise of three sections Charges remain to be nearly above contenders Its stores are within Capital City Offering high compensation for work exchanges Al-Anan media organization for reporting in Rusayl Modern territory Offers extraordinary outlines They long haul contract with school Administrations offered and is not exceptionally acclaimed Absence of labor that are gifted Mazoon press for Printing in city of Sultan Qaboos Biggest printing press They have association with Oman daily paper High rates with typical quality Paying enormous sum for lease of land Insufficient gifted labor
Business Plan12 The Policies of advertisement and promotion The use of platforms of social media presently makes every individual access almost everything within their comfort zone. The policy of marketing remains to be vital to the deployment of the essential content in networking of social setting sites concerning operations of CHOICE Company. Cases of advertisement by use of platforms of social media would be the preferable strategy in the present business society (Xerox Announces the iGen 5 Press Family 2015, p. 2). As the public along with the use of press as well as the large platform of social media together with advertising charges is also relatively cheap, that helps management of the company to address the broad viewers. The company needs to have free services of delivering goods that help targeted clients to choose the design of printing while placing the order online that remain essential in providing to targeted clients within three days. Besides, the distribution process of different leaflets in the variety of headquarters of the operations of the company remains to be under consideration ('Duplex Printing Press Company v. Deering 2017, p. 1). Therefore, the corporation is not considering the activities of printing along with mass media of electronic devices as the source of add as it is expensive for operations. There is need of using newspaper along with magazines folded by less than online. SWOT Analysis Strengths The main strength of an organization remains to be the fact that it has less or no competitors within its operations in Al-Aamrat. Besides, prices of the company continue to be affordable along with reasonable while it concentrates on offering free delivery of its products to the targeted clients (Leitch 2012, p. 49).
Business Plan13 Weaknesses The weakness of any company that operates around global marketplace remains to pose future threats to its operations by ensuring that it lacks adequate staffs to support its operations. The other weakness continues to be the unavailability of different inks for printing in Oman. Additionally, the existing brands of printing may not easily let NPC establish its operations in the Market (Hargrave 2013, p. 231). The company needs to comfort firm competition that it has to face from it, chief competitors. The team that is necessary for designing brands is unprepared for the introduction of advanced designs. Opportunities The chance of every company to be successful along with development in the marketplace remains to be appealing to the targeted clients particularly the efficient application of particular ideas. In the coming days, the company can then get the edge over its chief competitors. Besides, the company can also concentrate on targeting the more significant segment of consumer that range from all work of life such as children, youths, to couples in marriages. The management of NPC can work extra hard to fulfill every demand of segments of its operations. Threats The dangers in operations of a company are confronted stays to be the anxiety of upcoming rivals that is increasing. Furthermore, there are little spare parts used to support operations (Alexander 2009, p. 5). The management of the company needs to create the team for design to help in sustaining its position in the marketplace. Market survey The client is always separated into several gathering as this division relies upon the necessities alongside essential of the customers on a very basic level the major concentrated on
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Business Plan14 the customer for the business are the people that compliment the unmistakable event this portrayal is additionally situated into the further subdivision, for example, standard alongside outstanding. NPC essentially centered on the people who feel the delight to partake in merriment and have the lovable assistant or gift suppliers (Fallows 2013, p. 62). As indicated by the coordinated diagram that exhibits that normal time of point customer is twenty-four years exactly at the rate of sixty-eight percent together with ladies that is only thirty-two percent. Questionnaire The pre-operation survey of marketplace was done to collect view of trend of market along with formulation of strategy of marketing. Some of the questions posted to respondents include; Question 1.Do you always utilize services of printing?alwaysNot oftenoftenNot at all 2.Among these which one is your priority company? Al- Qabas Al-AnanAmazzon 3.Which kind of material of printing attracts you? T-shirtsUniforms for sports Caps 4.What do you see which organization provides the ideal rates in relation to work of quality? Al- Qabas Al-AnanAmazzon
Business Plan15 5.As an individual do you have idea relating to designs innovation for printing? Give a concrete explanations Targets of marketplace The presented facts indicate the prospect sales of the organization that reflects development as the profit of the organization is continuously improving. Package (Months) JFMAMJJASONDSum T-shirts20022525027530032570010004004254504755025 Sports Uniform 400450500550600650105 0 11008008509009508800 Caps400450500550600650120 0 14008008509009509250 Total100 0 11251250137515041625295 0 3500200021252250237523075 Plans for operations Structure of business Transaction of business involves the partnership where every partner remains to be responsible for investing the affairs as well as the capital of business while running the
Business Plan16 operations by the directors of management (Tolliver-Nigro 2011, p. 7). The title of the organization will be CHOICE Print Press Company as it will get approved to work from the legislature of Oman. Level of operation The span of tasks shall be displayed within the Company in Oman that intends to grow its business activities to other Gulf countries in the coming years. Issues of regulation There is a need to submit the memorandum along with article meant for association along with all other requirements by Oman’s government to help in allowing the company to operate as the partnership corporation. Business principle The business foundation is the three-story building where every targeted client has the easy access. Every floor is separated into different departments like printing floor of T-shirt together with floor printing of Caps. Location The premises of business are situated on Shatti Al Qurum. The situation remains to be the ideal busiest place of town while there is the prospect for business operations within the region. Arrangement of production Productions of different orders that are bulk are mostly carried out within operations of the factory located outside the setting of the town. Besides, the company remains to have the ideal environment that comprises of al stuff used to attend new cases.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Business Plan17 Arrangements of distributions For the sales that deal with retail, distribution is attained at the spot and in front of the targeted client. The cap or shirt produced by the organization is set in the machine printed inside the moment, and this activity procedure is achieved in front of clients that enjoy such operations. Terms of credit The company does not offer credit to the customer within the retail department. Bulk orders from the different wholesalers are extended the terms of credit of two months that stay to be the norm of operations of the company. Plant along with equipment The purchase of printing machinery of various kinds of charges of two thousand but there exist the need to continually update this machinery to maintain the advantage in completion setting. Quality management Control of quality remains to be essential to maintain the image of the product into the mind of targeted clients. The procedure of controlling the quality of products produced by the company stays to be strict while managers dealing with activities of quality control have the responsibility of continually checking the ink within the machine of printing. Any customer complaint follows the appropriate investigation to solve the issue within time. Plan of organization Structure of organization Department of different operations will be autonomous in the process of deciding on the innovation of produced products (Tan et al., 2012, p. 358). The manager of the department will manage every department, and they have to record to the General Manager.
Business Plan18 Required Skills General Manager remains to be an experienced individual with at least fifteen years of experience in the industry of printing. All managers responsible for operations of different departments are always having the high qualification that ranges between two to three years of working experience in the field of employment. Personnel It comprises of the chief executive officer then followed by managing director. Other staff in operations of the company includes production manager, sales, procurement, along with finance manager. Resumes Designation of JobExperience along with Qualification Managing officerManager for general operations must posses diploma qualification Chief Officer dealing with Executive (CEO) Manager responsible for production Manager for sales manager for procurement Director of Management Finance officer
Business Plan19 Must have at least fifteen years of experience in operations Manager for productionMust possess at least five years in printing organization Procurement officerMust be a ward winner designer that posses three years experience Manager of salesMust possess masters in business administration with four year experience Finance officerACCA with experience of five years Plan for finance Strategy of finance Capital of five thousand OMR shall be provided by operation partners. The remaining one thousand OMR will be lending from the local bank. Organization does not plan to sell shares on exchange of stock. Developed charges along with sources of funding ComponentR.O in PaymentMoney of R.O owned Subsequent R.O in Loans R.O in Sum Charge established 20002000 Charges of accountant 15001500
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Business Plan20 Charges of solicitor 10001000 Lease amount of deposit 350350 Premium insurance 150150 Projection of Balance Sheet Balance sheet projected (OMR)First YearSecond YearThird Year Products Other assets presentOMR500750950 Assets for long-termOMR8,4508,9007,800 Sum of AssetsOMR8,9509,6508,750 Present Liabilities Payable AccountsOMR2,8003,1003,100 Present borrowingsOMR1,000850700 Liabilities that are long-term Reserves along wit Capital Capital by investorsOMR4,0004,3403,700
Business Plan21 EarningsOMR1,1501,3601,250 Sum of Liabilities and CapitalOMR8,9509,6508,750 Profit along with projection of loss Statement of income and projectionFirst YearSecond YearThird Year Incomes18,00019,80019,200 Total Sales18,00019,80019,200 Sales of direct costs12,50013,20012,850 CHARGES OF SALE12,50013,20012,850 GROSS INCOME5,5006,6006,350 Expenses of operating Wages along with salaries1,9002,4502,170 Expenses of Depreciation280265235 Misc expenditure320410395 Maintenance, fuel, with repair1,8502,1152,300 Sum expenses of operation4,3505,2405,100 NET INCOME1,1501,3601,250
Business Plan22 Expected flow of cash projection Statement of flow of cashfirst yearsecond yearthird year Received cash Operations of flow of cash Sales in cash8,5009,0009,100 Sub-sum charge from operation8,5009,0009,100 Equity of owner2,0001,000500 Sum received cash9,50010,0009,600 Expenditure Expenditures used for operations Spent cash3,5005,1004,500 Payments of bills850945750 Other expenses430395473 Sub-sum money from operations4,7806,4405,723 Purchases of assets for long-term4,5003,7001,800 Sub-sum of spent cash9,28010,1407,523 Flow of net cash220-1402,077 Balance cash220802,157
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Business Plan23 Projection of cash flow of Breakeven The technique of the point of breakeven remains to consist of fixed charge or contribution People need to assume expenses of operating of the organization as fixed charges here as well as in this scene where breakeven are approximated to be 4,350 or 5,500 in satisfaction. According to the report by breakeven the presentation could be attained within eight months. List of References Alexander, G 2009, 'Inkjets at PRINT 09: The Most Interesting Part of the Show',Seybold Report: Analyzing Publishing Technologies, vol. 9, no. 18, pp. 3-7. Chauhan, A 2014, ‘Four steps of determining the scope and relevance of social media.’ 'Duplex Printing Press Company v. Deering', 2017,Duplex Printing Press Company v. Deering, p. 1. Fallows, J 2013, 'The 50 greatest breakthroughs since the wheel',Atlantic, vol. 312, no. 4, pp. 56- 68. Gupta, A 2013, Environment and pest analysis’,International journal of modern social science, p. 35.
Business Plan24 Gupta, AD 2013, ‘Environmental and pest analysis,’Merit research journal, p. 1. Hargrave, J 2013, 'Disruptive Technological History: Papermaking to Digital Printing',Journal of Scholarly Publishing, vol. 44, no. 3, pp. 221-236. Available from: 10.3138/jsp.44.3.002. [14 April 2018]. 'HP, Landa, Xeikon, and Xerox to Unveil New Digital Presses at drupa 2016', 2016,Seybold Report: Analyzing Publishing Technologies, vol. 16, no. 6, pp. 2-4. Indris, S 2015, ‘Internal and external environment analysis on performance of SME,’ International of scientific and technology research, p. 1. Joss, M 2012, 'HP Goes for a Big Win with New Digital Printing Systems',Seybold Report: Analyzing Publishing Technologies, vol. 12, no. 6, pp. 2-8. Jurevicius, O 2013, ‘Pest and Pestal Analysis,’ Strategic management insight. Lan, L, 2012‘Why it is important for business to practice quality control.’ Leitch, M 2012, 'Thinking twice about treason in caxton's prose romances: proper chivalric conduct and the english printing press',Medium Aevum, vol. 81, no. 1, pp. 41-69. Lin, FC 2002, ‘Segmenting customer brand preference,’Journal of applied business research. Makos, J 2015, ‘What is environment analysis.’ Tan, Y, Shen, L, & Langston, C 2012, 'Competition Environment, Strategy, and Performance in the Hong Kong Construction Industry',Journal of Construction Engineering & Management, vol. 138, no. 3, pp. 352-360. Available from: 10.1061/(ASCE)CO.1943-7862.0000407. [14 April 2018].
Business Plan25 Tolliver-Nigro, H 2011, 'Choosing the Right Digital Label Press',Seybold Report: Analyzing Publishing Technologies, vol. 11, no. 16, pp. 6-9. 'Xerox Announces the iGen 5 Press Family', 2015,Seybold Report: Analyzing Publishing Technologies, vol. 15, no. 13, pp. 2-4.