Business Plan Project: Electric Wheelchairs for Disabled Individuals

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Added on  2023/03/21

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AI Summary
This business plan focuses on the development and market strategy for electric wheelchairs designed to improve the mobility and well-being of disabled individuals. The plan includes a detailed introduction outlining the need for electric wheelchairs, emphasizing features like automated health monitoring, emergency service integration, and user-friendly designs. It covers market analysis, highlighting customer preferences and the competitive advantages of the product, including obstacle detection, GPS, and voice operation. The plan also includes an investor's pitch, detailing the product's competitive advantages, financial projections, and the business model canvas, which outlines key partners, activities, value propositions, client segments, resources, and distribution systems. The plan concludes by emphasizing the potential for economic feasibility, environmental benefits, and improved independence for users, making it a compelling investment opportunity.
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Running Head: BUSINESS PLAN 1
Preparation of Business Plan
Unit Code
Assessment
Submitted to
Submitted by
Contents
Introduction......................................................................................................................................2
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Business Plan 2
Investor’s Pitch................................................................................................................................3
Conclusion.......................................................................................................................................6
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Business Plan 3
Introduction
According to the Human resource manager, the marketing manager, production manager and the
planning head of department are all operating on the easy care electronic private limited in
Australia that aids in up keeping the disabled individuals by provision of effective electronic
wheelchairs which will provide a free ride. Additionally, the health status of the prime challenge
will be considered when they are outdoors. Moreover our their services are heavily equipped
with efficient health care monitoring tools that automatically link with the emergency medical
and security services. Thus automated health evaluation tools which are effective in recording of
heart rate, the pulse rates for the particular riders and not forgetting any emergencies that would
be involved. This will lessen the processes involved with the emergency services.
Electrically designed wheelchairs are effective and good as it relieves the users with the burden
of using his physical energy in moving around. In order to ensure perfection of the wheelchair
much time must be invested so that the final product can be excellent and easy to use. Therefore,
with the new production of electric wheelchairs it is recommended that much time should be set
so that it may not turn out with any flaws. An electrically designed wheelchair may
approximately range from $10000 to $20000 based on the country’s currency. Moreover the
highly modified and equipped with moveable joystick that enables motion become extremely
effective. Thus data acquired from awareness of wheelchair tech and augmenting the execution
of patient that relies solely on wheelchairs has increased. As such this has enabled improved use
of vast number of parameters including traction force, velocity, suspension, navigation process
and the stability levels.
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Business Plan 4
Based analytical research done, individuals prefer mostly in purchasing these services based on
the competed features. Being family members major concerns for the disabled individuals safety
and security in an event when they are outside their premises. Therefore, we have effectively
designed our electric chairs complementing improvised features that are automated with
emergency services which would effectively make their lives much easier and thus stress would
be reduced. The reason behind this is due to the fact that the safety and comfortably is assured as
people can easily sue and operate in a effective manner. Moreover the digitalised wheelchairs are
boosted with voice operating designs, obstacle radar detectors, and the GPS system which is
effectively associated with other emergency services.
Since in the marketplace there is vast number of healthcare gadgets, wheelchair being a major
asset is widely utilized globally. This is due to the fact that many unavoidable factors taking into
account ailment, injury, and economical levels may make a person be subjected to such
circumstance. Thus the major objective of this paper will be highlighting on essential aspects
where investors can reflect so that they can help in advancing our newly developed tech to
becoming fruitful. In this paper, an improvised canvas will be instated and various technology
acceptances shall be enacted using the electric wheelchair technologies. Considering these
statements various populations will be able to deal with compelling conditions such as the unease
of walking and manoeuvring around. Capable usage of development makes a compelling
transport the executives structure, improve human services offices and develop a ground-
breaking correspondence framework to interface all associations, people and past the connections
among focal and sub-national elements of governments.
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Business Plan 5
Investor’s Pitch
Our product variety comprise of an effective competitive advantage. Moreover, the technology
takes into account the latest form of technology with obstacle sensors and improved GPS radar
technologies. Additionally, our service provides machines of dissimilar models and has vast
price range ($10000-$20000) which is effectively affordable and cheap unlike the rival
companies. Furthermore, our customer’s interests are highly attained as an effective distribution
channel and payment systems are effectively improved. For example, among the range of
products we provide, they are distinctively classified into two major segments: the business to
business (including the wholesalers and the suppliers) and the business to the customers (online
website). In the long run, similar products and items can be purchased on the similar note
although instalment buying is allowed. In addition to this a matter linked to this is that the staffs
are ready to provide professional advice to our clients so that they can effectively select our
service and products with ease. This our aspiration is that about 2 million is prospected to be
invested in the deal and projected to gain about 75% of the stipulated investment in a period of
two year prior the marketing campaign while about 20% replacement value sale yearly.
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Business Plan 6
Source: https://www.alliedmarketresearch.com/electric-wheelchair-market
Additionally, we are the best and number one objective of wheel chair which efficiently provides
our services globally. Therefore, in order to be on the safer position, we have instated a merger
and acquisition strategy in order to minimise the problem of the company being insolvent. Basic
considerations should be considered in order for the entire plan to be fruitful. One major
consideration that should be instated so that people can clearly know how the business operates
and structure a rigid managerial team which takes part in the business operations in an effective
manner. Aside this, long term investments will be primarily profitable for the business through
having many clients and implementing retaining strategies. Investor’s contribution based from
profit gained cane 6% within the first year while about 10% in the subsequent years. Thus in
order to achieve such, we will take into account various contributions from our strategic team,
designing team, Hr team, manufacturing, and the supply channels.
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Business Plan 7
Electric Wheelchairs business model Canvas
Key partners
1. Hardware production
2. Detection devices
3. Product design
4. Technology systems
Primary activities
1. Product design
2. Research analysis
3. Branding/blending
4. Quality assurance
5. Marketing
6. Logistics
7. Technology
Value propositions
1. Wheelchair
2. Sensible when driving
3. Strong suspension
system
4. Increased driving speed
5. Effective assigning
button
6. Many driving control
sections
7. Digitalized emergency
control unit
8. GPS system
Client segments
1. Disable People
2. Minimal effort to operate
3. Independence user
Essential resources
1. Physical plan
2. Finance
3. Assets
Distribution systems
1. Web & Blog
2. Word of mouth
3. Advertisement
For the most part, the above business action plan portrays the reason of how association makes,
conveys and catches esteem. In this manner, business canvas is a key administration device. It is
made out of nine structure squares. Thus the major reason we have picked plan of action canvas
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Business Plan 8
since it encourages associations to lead organized, unmistakable, and key discussions around
new business or existing ones. Our association utilizes canvas to deal with their procedure or
make new development motors. Fundamentally, at the core of plan of action canvas is the
incentive. Plan of action canvas tends to issues which are inner and outside in nature and
spotlights on business capacity to produce esteem. The capacity to create esteem is key part and
all practices of a business centre on that interior segment.
The Plan of action canvas is, in our gatherings see an extraordinary beginning stage for
conceptualizing and making an outline plan for the business. Despite the fact that, it has
noteworthy points of interest where it permits distinguishing business income stream, expenses
and exercises however it does exclude any idea of finish or any outside natural that could
influence a business. In this way, we trust that Plan of action canvas shouldn't be mistaken for a
procedure instrument. It's unquestionably extremely helpful; however there are unmistakably
more devices that business will require so as to prevail in a focused domain. Effectively focusing
on a client base expands the income created from that base, making the business progressively
gainful. Our fundamental salary gets from exchanges. As they are free for use, it is critical that
our objectives their clients precisely to produce higher measure of exchanges.
Conclusion
Conclusively, products and services provided by our staff, is assured that it will augment
comfortability, security, and safety of the disabled individual in Australia. Moreover, this is a
commodity that designed with advanced technological gadgets. Therefore, we are certain that our
clients will cherish our products and our trust of our customers will be improved. Our products
are targeted to satisfy every client and the entire company as our investors would lover taking
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Business Plan 9
part in our prosperous projects. Thus the prospected electrical wheelchairs to be provided will
economically effective and feasible as it will save on additional expenses.
Moreover, it will also save on power consumption rates for the state grid since it effectively
designed with low consumption rates. Intelligent cities works around the world focus on
unconventional sensor, data and communication initiatives meant to mitigate problems such as
waste management, air pollution, and optimization of tariff and energy efficacy. Therefore, such
designs can be recommended to individuals who are not in a position off using manual wheel
chairs as it may sometimes result to spinal cord injuries. Thus with the incorporation of the
electric wheelchairs, it enables the independence of the clients be improvised and effectively
useful. Subsequently the major merit of using such designs is due to the fact that it is
environmentally welcoming and easy to utilise for the physically challenged personnel.
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