Business Plan for IA Electronics

BUSINESS PLAN
[INSERT YOUR BUSINESS LOGO]
[Your Name]
[Your Title]
[Business Name]
[Main Business Address]
ABN: [ABN]
ACN: [ACN]
[IA Electronics]

Business Plan
Prepared: [Date prepared]

[Business Name] Business Plan [YEAR]
Contents
Business Plan template 1
Using this template 2
Business Plan Summary 5
The Business 5
The Market 5
The Future 5
The Finances 6
The Business 7
Business details 7
Registration details 7
Business premises 7
Organisation chart 7
Management & ownership 8
Key personnel 8
Products/services 10
Innovation 10
Insurance 10
Risk management 11
Legal considerations 11
Operations 11
Sustainability plan 13
The Market 14
Market research 14
Market targets 14
Environmental/industry analysis 14
Your customers 14
S.W.O.T. analysis 15
Your competitors 16
Advertising & sales 17
The Future 19
Vision statement 19
Mission statement 19
Goals/objectives 19
Action plan 19
MS Project Plan 20
The Finances 21
Key objectives & financial review 21
Assumptions 21
Start-up costs for [YEAR] 22
Balance sheet forecast 23
Profit and loss forecast24
Expected cash flow 25
Break-even analysis 26
Recommendations 26
References and Appendices 27
Page 3

[Business Name] Business Plan [YEAR]
Business Plan Summary
[Please complete this page last]
[Your business summary should be no longer than a page and should focus on why your
business is going to be successful. Your answers below should briefly summarise your
more detailed answers provided throughout the body of this plan.]
The Business
Business name: IA Electronic
Business structure: Partnership
ABN:[Registered Australian business number.]
ACN: [Registered Australian company number, if applicable.]
Business location: Chatswood, Australia
Date established: 1.12.2018
Business owner(s):
Harpreet Singh (s4584295)
 Pasang Gurung (s4586773)
 Taku Hiraoka (s4576109)
 Rishi Pal (s4580213)
 Shivam Kamboj (s4584304)
 Amardeep Sing (s4579971)
 Sumit Pal Singh (s4580074)
Relevant owner experience: All the partners of this particular business are freshers or
new entrepreneur
Products/services: The company will provide repairing services for the high end
electronics products
The Market
Target market:
The products will be sold out to the local people in Chatswood, Australia. The people will
prefer this service because repairing of the high end electronic products is less costly
than replacement (Hopp et al., 2018).
Marketing strategy:
Page 4

[Business Name] Business Plan [YEAR]
The company will follow the AIDA model for entering in the market in a better way. At the
same time, the company will focus on different types of promotional activities like,
television advertisement, social media advertisement, flyers and many others.
The Future
Vision statement:
[The vision statement briefly outlines your future plan for the business. It should state
clearly what your overall goals for the business are.]
Goals/objectives:
[What are your short & long term goals? What activities will you undertake to meet
them?]
The Finances
At the initial year the amount of profit willbe $171000, which will increase gradually. In
order tp start the business, the company will require total fund of $56140 and for
equipment it will require total $126400. The company will avail long term bank loan and
some portion of the funds will be provided by the owners or partners.
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[Business Name] Business Plan [YEAR]
The Business
Business details
Products / services: Repairing televisions, laptops, mobile phones,
computers, camera, tablets as well as home appliances along with
providing services of free estimates on repairing jobs
Registration details
Business name: IA Electronics Stores
Trading name (s): IA Electronics
Date registered: 26th September 2018
Location(s) registered: Chatswood, Australia
Business structure: Sole proprietorship business
ABN: 15 203 931 268
ACN: Not applicable
GST: Registered for GST on 1st October 2018
Domain names: www.iaelectronic.services.com.au
Licenses & permits: Business license, Reseller’s license and Mechanic’s
license
Business premises
Business location: The location chosen for the business is Chatswood
and the space chosen for starting the business is about 1600 square feet.
There will be two different outlets in the area of 800 square feet on each
outlet. It is going to be a retail business and will be extremely beneficial
for the company, as the retail businesses offering similar services to
customers is almost unavailable, thereby showing less competition for IA
Electronics (Benson and Magee, 2018). There will also be a high profit
outcome in the company, as the number of competitors in the area is
extremely low.
Buy/lease: Both the spaces of IA Electronics will be taken on lease. The
arrangements of lease have been made with the help of two different
brokers, who were contacted for the requirements of space for opening
the outlets of IA Electronics. Both the lease contracts have been signed for
a term of 3 years.
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[Business Name] Business Plan [YEAR]
Organisation chart
The organization chart of the business IA Electronics has been provided
below -
(Source: Created by the learner)
Management & ownership
Name of owners: Mr. A. Citizen
Details of management & ownership: The owner of the business
himself will be the person responsible for running the business. There will
be no other Chief Executive Officer hired in the business until it starts
expanding its operations (Jansen, 2017). The owner himself will be playing
the role of the general manager of the company. As a result, there are no
other partners in the business.
Experience: The owner, Mr. Citizen, has been working at GPC Electronics
as a senior manager of the operations department for the past five years
and then decided to open his own business of electronics products and
services (Ottman, 2017).
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[Business Name] Business Plan [YEAR]
Required staff
In the current scenario, no more staff is required in the business.
Recruitment options
Page 8