Business Plan for Setik Vehicles: Manufacturing Superior Electric Bikes

Individual Business
Plan Report

Executive Summary
Irrespective of economic surroundings, revenues of electrical bikes have remained
expanding. Furthermore, users are gravitating toward economical and ecological friendly goods.
This company strategy addresses such prospects by proposing a company which will produce
superior electrical bikes. The firm and its goods would be described in depth in the strategy. It
would additionally look into possible micro and micro environmental issues that could affect the
company's success. It will also outline the company's operational program and corporate
framework.

Contents
Executive Summary.........................................................................................................................1
Contents...........................................................................................................................................2
Dragon Den small pitch...................................................................................................................3
My business idea..........................................................................................................................3
The WOW factor.........................................................................................................................3
Product.........................................................................................................................................3
Aim and objectives......................................................................................................................3
Promotion....................................................................................................................................3
Key to success..............................................................................................................................3
Profits...........................................................................................................................................3
Business Details...............................................................................................................................3
Location...........................................................................................................................................4
Market/Industry Analysis................................................................................................................5
Segmentation Analysis....................................................................................................................8
Market Opportunities.......................................................................................................................9
Operating Plan.................................................................................................................................9
Risk and Contingency Plan............................................................................................................11
Strategies for Sales and Marketing................................................................................................12
Finance and Funding Plans............................................................................................................13
Management Team........................................................................................................................14
REFERENCES..............................................................................................................................15

Dragon Den small pitch
My business idea
The business idea is of a company named Setik that manufactures electric bikes in the
market.
The WOW factor
The WOW factor of the idea is that it has many power backups in the bike so that it can
run smoothly over many kms (ABU-TAPANJEH and AL-SARAIRAH, 2021).
Product
Electrical bikes, electronic bike replacement components, and electronic bike cells would
be the corporation's main goods.
Aim and objectives
To be one of the leading bike seller in the market
Promotion
Advertisements on blogs and other networking platforms would be sponsored by the
business.
Key to success
To be consistent and produce good quality products.
Profits
It can start from 50000 and can go up many folds depending on the sales.
Business Details
Owing to increase concentrations of carbon pollution, a strong emphasis has been placed on
ecologically beneficial items in latest days. Companies who concentrate on generating goods
who cut greenhouse gas pollution are also being rewarded by authorities. Furthermore, customer
views regarding ecological materials have shifted (Ahmed, Qin and Aduamoah, 2018). Electrical
automobiles and electrical motorbikes are preferred by users because they emit less carbon
dioxide. Transportation and manufacturing processes cause the most greenhouse pollution.
Carbon dioxide pollution is raised when exhaustible power supplies are used in manufacturing
and automobile fuelling. In 2019, the transportation industry contributed for 28% of