Business Startup Cost Analysis
Added on 2020-05-11
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Running head: INDIVIDUAL BUSINESS PLANIndividual Business PlanName of Student:Name of the University:Author note:
1INDIVIDUAL BUSINESS PLANExecutive SummaryThe following report is based on the individual business plan, the unique business selected forthis business is advertising on houses. The concept behind this unique idea is to propose a newbusiness idea that was not used before. The name of the advertising house will be “uniqueadvertisers”. The company will help people who want to buy houses but cannot because of thehigh prices of the houses. Our company has planned that we will give a part of the price of thehouse if the people let us advertise on their houses, on walls doors and windowpanes. For peoplewho already own a house they will be paid a part of the monthly income generated by thebusiness. The report is divided into seven sections; it starts with the introduction of the businessidea, business model canvas of the business, market feasibility, technical feasibility, financialfeasibility and lastly conclusion.
2INDIVIDUAL BUSINESS PLANTable of ContentsIntroduction......................................................................................................................................3Business objectives......................................................................................................................3Mission........................................................................................................................................3Vision...........................................................................................................................................4Business Model Canvas...................................................................................................................4Market feasibility.............................................................................................................................7Technical feasibility.........................................................................................................................8Financial feasibility.........................................................................................................................9Human resource capabilities..........................................................................................................12Conclusion.....................................................................................................................................13References......................................................................................................................................14
3INDIVIDUAL BUSINESS PLANIntroductionMy team has planned to start a business, in which we will open an ad agency, named“Unique Advertisers” or unique idea is advertising on houses. It will give opportunity to thepeople to get their dream houses without even paying the full amount for the house. All they willbe required to let us advertise on the entire house in return we will pay half of the price of thehouse. This unique idea has been designed for the business plan of the advertising agencysituated in Melbourne Australia. Since the industry has filled with companies constantly comingup with new and innovative ideas, we have decided that with the help of this innovative andcreative technique we will be market leaders, it would grab the attention of the people whowould be visiting the house of the person who has given his house to the advertisers. Business objectivesTo emerge as an innovator in the market and grab the attention of big multinationalcompaniesIncrease the business of the company by 35 percent in next three yearsCapture the market share up to 15 percent in the next three yearsPayback period of less than 3 yearsMissionMany people cannot own their dream houses because they do not have enough money.Our mission is to fulfill the dreams of people who want to own a beautiful house. Our teamwants to bring a new idea in the market that has not been used before. Mission statement: “Fulfilling the dreams of people while doing business”
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