Report: Christ Foster Care Services Business Plan and Strategy

This report presents a business plan for Christ Foster Care Services, outlining key aspects such as target market analysis, including youth, families, and the elderly, and the venture's supply chain, focusing on B2C operations. The plan details promotion strategies like community development programs, celebrity endorsements, and child sponsorship, alongside a pricing model considering cost, quality, and customer ability to pay. Financial considerations include fixed expenses like rent and utilities, and the advantages of sole trader, partnership, and incorporation are discussed. The report also explores the venture's structure, involving general partners, fund investors, and a management company, providing a comprehensive overview of the business strategy and operational framework.

FINANCE,
GROWTH
AND
PLANNING

TARGET MARKET
While serving people, it is important to know to whom the Christ Foster care
services will serve-
• The proposed business plans to provide several educational opportunities to
people.
• Services from “Christ Foster care services” will conduct market
segmentation so that it can contribute to company`s service activity at a
certain level.
• The segment of the people targeted includes youth, kids, family, training
services, and aged care who actually work for the community while
fostering the growth of kids (Dolnicar, & Leisch, 2017).

VENTURE SUPPLY CHAIN
• B2B
It is the supply chain, which refers to the
business conducting an commercial transaction
with another business. Christ Foster care
services does not indulge in business to
business supply chain.
• B2C
Furthermore, it is the supply chain, which refer
to organisation serving customers or clients.
As the company is “Christ Foster care services”
so that the supply chain flow from business to
client.

PROMOTION
• In order to promote the cooperation, it will
bring out community development programs.
Further, solutions can be-
• Writing letters to child donors
• Receiving regular updates regarding the
progress of child
• Celebrity endorsement
• Child sponsorship
• Relief and the missionary work beneficiaries
(Phadermrod et al., 2019).

PRICING OF THE
PRODUCT
• The services incurred by the service takers named as differently abled,
suffering from child abuse, and other disadvantageous things.
• Product price will be indicated through cost, quality, and customers. The
price will be below cost for poor and disable people, and copy market price
for service for people who can pay.
• Therefore, there is no price decided as service is incurred for the well-being
of society.
As per the proposed business plan, the “Christ Foster care services” will
charge $500-$1000 dollars for criminal training (Curtis, & Allen, 2018).

SERVICES INCURRED
EVERY MONTHFollowing are the fixed expense incurred by the Christ foster care services-
• Christ foster care services incurs house rent, basic utilities, Healthcare
insurance, and tertiary fees.
• Study fees includes stationery expense
• Stationery includes school uniforms, stationery, and textbooks.

BALANCE SHEET
Balance Sheet
Assets 2020
Current $20,000
Fixed $70,000
Other assets $1,40,000
Total Assets $2,30,000
Liabilities
Current $20,000
Non-Current (Borrowings) $30,000
Total Liabilities $50,000
Equity $1,80,000
Total Liabilities & Equity $2,30,000

ADVANTAGES OF SOLE
TRADER
Owners are liable when debts overwhelm. Self- employment taxes have been
applied to the sole proprietorships. The “Christ foster care services” plans to
retain complete control over the company. Business owners for the business
plan can come up with new services once the business is established.
Raising capital can be difficult but it is quite important for the MNCs to
conduct CSR activities.
Organisation continues or ends on the death of owner.
Sole trader can employ and enhance its business by incurring self expenses
(Surban, 2018).

ADVANTAGES OF
PARTNERSHIP
• Business is easy to establish as the start-up costs are quite low.
• It is easy to switch legal structure when it changes.
• The liability of partners for debt of organisation is unlimited.
• It is due to number of partners, where partnership organisation has the
larger resources for the business operations comparing it to the sole
proprietary organisation (Hila et al., 2017).

ADVANTAGES OF
INCORPORATION
• It creates the separate legal entity. Issuance is in regards to the separate
legal identity of the organisation. It is seen that liability is limited to the
extent to the contribution of capital done by them.
• A incorporated organisation means perpetual existence which means the
organisation can die even when the member end it to exist.

STRUCTURE OF VENTURE
• The structure of venture includes general partners, fund investors, fund by
limited partner, and management company.

REFERENCES
• Dolnicar, S., & Leisch, F. (2017). Using segment level stability to select target segments in
data-driven market segmentation studies. Marketing Letters, 28(3), 423-436.
• Curtis, K. R., & Allen, S. (2018). Target Market Identification and Data Collection Methods.
United Kingdom: Routledge.
• Phadermrod, B., Crowder, R. M., & Wills, G. B. (2019). Importance-performance analysis
based SWOT analysis. International Journal of Information Management, 44, 194-203.
• Al-Hila, A. A., Alshaerb, I. M. A., Al Shobaki, M. J., & Abu Naser, S. S. (2017). The Impact of
the Governance of Private Universities in Building Partnership with NGOs Operating in Gaza
Strip. International Journal of Engineering and Information Systems (IJEAIS), 1(9), 11-30.
• Surban, S. (2018). Doing Business in Finland as a Sole Proprietor in the Philippines: The
implications involved in exporting coconut oil.