Tag: Business Plan Sample

Business Plan Examples For Students About Food

This article offers a Food Business Plan Sample pdf or Sample Business Plan for Food Products. Students might follow this article to complete their assignment, for example, "Business Plan Examples for Students about Food."

Food Business Plan Sample

The food business plan sample refers to the business proposal example for food products. The author presents a food business plan example for students and employees about food. It helps them write business plan samples for food products, including cookies, cakes, burgers, popcorn, and sandwiches. Therefore, students can follow this food business plan sample for writing other business plans relevant to food products. The business plan sample for food shows how to start a new business with food products. It is also known as a business plan and business report sample for food products.

Business Plan Examples For Students About Food

The author writes the following business plan sample for food products to explain how to write a business plan. It will assist the students in completing assignments. The food is the most profitable business in the world. Therefore, it also helps entrepreneurs evaluate their business ideas before implementing them.

Sample Business Plan for Food Products
Sample Business Plan For Food Products

1.0 Executive Summary

We established the Food Vile around the area of the 17th residential college (Kolej Tujuh Belas) and the Faculty of Medicine and Health Science, University Putra Malaysia (UPM). Our business provides delivery services of light foods at times when the cafeteria is less accessible or during rush hours. The emphasis on food delivery has led to the birth of our company’s name, Food Ville.

The main reason for us starting this business is that we notice most students have the problem of getting something to eat early in the morning. The cafeteria usually sells heavy meals, such as in the morning, and students will either not have enough time to eat or have no appetite for those kinds of food. We also found that most students skipped breakfast to rush to class, which is highly unhealthy.

Besides peak hours in the morning, students also usually crave light foods at night while being busy with academic matters. Unfortunately, the only vending machine for soft foods is only available in Block D, which is far away for some students. Thus, we want to serve these students by having delivery service to their doorsteps, saving them time and energy.

2.0 Background

2.1 Introduction to Business

Food Ville is a new restaurant at the 17th Residential College (Kolej Tujuh Belas) and the Faculty of Medicine and Health Science, University Putra Malaysia (UPM).

Sandwich is our main product and also the main idea to start our entrepreneurship. After that, we decided to sell various foods such as buns, nachos, popcorn, and ice gem biscuits to attract the attention of the people; therefore, each of our committee members provided new ideas and products to increase our business sales.

We started this business because we wanted to provide customers with cheaper and more affordable food. We also spotted that time is a problem for most students here in the faculty, as most of us need to rush to class early in the morning and might not have time for breakfast. Late at night, the café is also closed thus limiting access to food. Thus. We provide delivery service for our customers, especially early in the morning and also at night. Our foods are good for breakfast before class and supper late at night.

2.2  Agreement Letter

This letter outlines the terms and conditions of the agreement that shareholders need to agree to:

  1. The name of the business is Food Ville.
  2. The business operation starts on 17 November 2019 and ends on 7 December 2019
  3. The organization is as below:

Business Plan Examples for Students about Food

  1. Shareholders agree to pay RM25.00 as start-up capital.
  2. The profits and losses from the business will be distributed according to the money that has been contributed.
  3. Each partner must work as a team to implement the company and solve problems.
  4. We take every decision or action based on discussion by every partner.
  5. The top management is the only authority to approve any expenses or transactions.
  6. All rules and regulations stated in the agreement are conclusive. Any future changes will be made according to the suitability and importance of the business.
  7. If any member is found violating this agreement, a police report will be made, and law action will be taken accordingly.
2.3  Objectives of Business

Food Ville has the following goals and objectives:

  1. Become an established community destination with a customer satisfaction rate of at least 90% by the end of the operation period.
  2. Achieve cash flow self-sufficiency by the end of the operation period.
  3. Repay debt from original financing by the end of the operation period.
2.4 Vision and Missions Statement

Vision: To become the most accessible food provider in 17th Residential College as well as the Faculty of Medicine and Health Sciences.

Mission:  To provide quality and yummy Food for breakfast and supper, as well as fast and flexible delivery services, to achieve 100% customer satisfaction.

2.5  Company Overview

The company's motto, "On The Run," was chosen as our characteristic and also as an attraction to our customers due to our fast and punctual special delivery services. Below is our company's logo.

The logo also consists of our company's name, "Food Ville," as we want our customers to know that we also sell a variety of Food in addition to sandwiches. Our motto, "On The Run," is attached to the logo, which means we are always ready to serve and deliver our products quickly and on time.

3.0 Administrative and Human Resource Plan

3.1  Business Strategy

Business strategy is crucial to maintain or amplify a company’s growth. Good business strategies are not influenced by the personal preferences of corporate management. Based on strategy in our company, there are some highlights on the function of every department to ensure the plan runs significantly. To meet the targeted goal in our business plan, we have put as much emphasis on the efficiency of each department. Our company has made several strategies to achieve our objectives. We have chosen the system based on every department suggestion in our company.

Administration and Human Resources Department
  • Ensure all the business operations are followed according to the procedure and manage the co-workers and administration problems.
  • It addresses and solves problems that affect people management programs in the long run.
Marketing Department
  • To ensure that our products are fully advertised and promote our best services by giving a reasonable price.
  • We are promoting the business and mission of an organization through social media.
Operational Department
  • To ensure that all the equipment and materials run smoothly and also to maintain the operation of all products are effective and of good quality.
  • This department has the ultimate accountability for profit and loss and seeks to maximize return on investment for the shareholders.

4.0  Marketing Plan

4.1 Introduction

The marketing plan is the process of marketing which includes finding, understanding, and meeting customers' needs as well as building public awareness of the brand. It is used to determine the effectiveness of how a company's product is being known to the public and helps to ensure that the marketing plan, marketing strategies, and overall business strategy all work together. A company should always have a proper and systematic marketing plan to run things smoothly.

Our company, Food Ville, managed to have a very proper and systematic marketing plan because of a skillful marketing manager. Our marketing manager can market, market and promote our products to be well-known to the residents of 17th college as our target markets are them. Before our company even decided to sell our products, which include various types of Foods, our marketing manager efficiently managed the marketing plan. Some of the marketing strategies used included promoting through promotions like posters or social media accounts, pricing strategies, and many more.

4.2  Product Description

Our products are sandwiches, buns, ice gem biscuits, nachos with cheese, and popcorn.

For sandwiches, there will be two flavors: tuna and egg mayonnaise. The sandwiches are made with hard dough bread, giving customers a better taste and texture to enjoy the sandwiches. We will also add salad to the sandwiches to balance the customers' diets and provide high nutritional value. The sandwiches are packaged with plastic wrap.

For the bun, we will buy the bun from the supplier and repack them to sell. Hence, we will order 100 units of bun every three days from the supplier to ensure that the bun we sell to the customers is always fresh and the customers can believe in our brand. The type of bun consists of a pizza bun, hot dog bun, ten-coins bun, chocolate doughnut, chicken floss doughnut, creamy bun, and gourmet bread topping with butter and sugar.

For the biscuits, our product is ice gem biscuits. We will buy a bucket of ice gem biscuits which is 4 kg, and repack them into small packages for sale. There are two types of packages, one is a small pack, and another is a large pack. The small box contains 50g of ice gem biscuits, while the large pack contains 100g of ice gem biscuits.

We will buy a large packet of potato chips for the nachos and repack them into small packages, which are 50g of chips for sale. And we also have a small can of cheese in it.

For the popcorn, we buy 1 kg of each flavor of the popcorn, which is butterfly caramel popcorn and mushroom caramel popcorn, then repack them into small packages, which is 50g of popcorn.

4.3  Target Market

The main target of our business is UPM students, lecturers, and staff from the Faculty of Medicine and Health Science, who do not have enough time to prepare or eat their breakfast due to the morning class. We also target the people who are looking for cheap and affordable breakfast and supper—the archery students are also in our target lists.

4.4  Competitions

Other businesses are also selling bread and Food in the area of 17th Residential College (Kolej Tujuh Belas), such as the cafeteria and the coop mart of 17th Residential College. Moreover, the price of bread and Food is also affordable for the students, and this will compete with our business. Therefore, our company supplies fresh homemade sandwiches and different kinds of bun, with free special delivery services to become our company's attraction.

4.5  SWOT Analysis

We have followed to identify favorable and unfavorable circumstances (internal or external) that may affect Food Ville’s business operation.

Table 3 below shows the analysis.

SWOT Analysis

4.6  Marketing Strategies

In promoting our Foods, various marketing strategies were chosen.

Delivery services

In terms of services, our company uses delivery service as a major platform for promoting our Foods. We deliver food for the morning (breakfast) and also late at night for supper. We always want to deliver food to meet the customer's demand and satisfaction. Apart from that, we have also set 2 employees to deliver food.

Location

In selling our Foods, we solely used delivery services as a major platform as we do not have a specific stall or a fixed location to see our products.

Pricing strategies

Food Ville sells food at a very reasonable price to attract more customers. Even though we sold our products at reasonable prices, we managed to lower the price at the end of the carnival to sell and finish up the stocks fully.

The price of our products is as follows:

Price List of Food Business plan sample pdf

Promotion

Social media is used as a platform to promote our various types of Foods. We managed to promote Food Ville so that it is known to all 17th college residents through social media accounts like Instagram, Twitter, and also Facebook.

We also did a few other promotions by distributing our posters to students, lecturers, and academic staff of the medicine and health sciences faculty.

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5.0 Operation Plan

5.1 Introduction

The operation plan is part of the business’s strategic plan and is important for effective business leadership. The operation plan can describe how the plan works, including listing all the strategies and providing a budget summary and the workflow from input to results of the business.

Operation management refers to the administration of business practices to create the highest level of efficiency possible within an organization. To have good operation management, each of us must understand the processes essential to what a company does and get them to flow and work together. This involves utilizing resources from the suppliers, raw materials, and equipment.

The operation plan is a crucial part of our business. The Operational plan aims to provide organization personnel with a clear picture of their tasks and responsibilities in line with the goals and objectives. Therefore, we divided the operation plan into several parts: operation objectives, operation strategies, material planning, and implementation schedule to ensure our business runs effectively.

5.2  Operation Objective

The operation objectives for Food Ville:

  • To ensure the operations of our business run smoothly
  • To produce high-quality products that can fulfill our customer satisfaction and expectations.
  • To have a good service and function well to meet our customer's demand
  • To ensure our business is profitable and able to expand
  • To accomplish consistency in the services offered
5.3  Operation Strategies

To ensure that our business runs smoothly throughout the week and meets our objectives, we set the following strategies:

  • Build a delivery service schedule.
  • It also ensures the Foods that are being delivered meet the guarantee that has been offered by us.
  • Ask for feedback on our Foods.
5.4 Process Planning
5.5 Material Planning
  • For buns, nachos, popcorn, and biscuits, we ordered them from the supplier.
  • For sandwiches:
Raw materials Fix assets
  • Bread
  • Mayonnaise
  • Salad
  • White pepper
  • Canned tuna
  • Egg
  • Water heater
  • Spoon
  • Knife
  • Plate
5.6 Implementation Schedule

6.0 Financial Plan

6.1  Introduction

A financial plan is a process of framing objectives, procedures, and budgets regarding the financial activities of concern. We use it to ensure effectiveness and adequate financial and investment policies.

Generally, an organization uses the financial plan to know an individual's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

A financial plan is one of the most crucial parts of a business. Some of the important financial plans are:

  • Firstly, it provides the direction of one’s business
  • Secondly, it helps understand how finances impact one’s business
  • It also helps to manage income better.
6.2  Objective of the Financial Department

A few objectives have been determined as below:
Firstly, it determines capital requirements.
Secondly, It utilizes the fund sufficiently for different purposes.
Thirdly, the financial department maintains proper cash flow.

6.3 Project Implementation Cost

Project Implementation Chart For Business Plan

Source of Fund:
Our own money is used as the start-up capital with a contribution of RM25.00 per shareholder and a loan of RM50.00 from our lecturer, Dr. Sabrina, bringing the total start-up to RM350.00.

Conclusion

Food Ville Sdn Bhd has a net profit margin of 30.13%. For every RM 1 in sales, the business makes a net profit of RM 0.30.  The 12 shareholders will share the profits.

Food Ville Sdn Bhd also has a break-even point of RM 266.95. Since sales passing this break-even point means that Food Ville Sdn Bhd can start making profits.

Buns have a break-even point at RM 103.77 (sale of 52 units), and the egg mayonnaise sandwich has it at RM 39.21 (sale of 20 units). The break-even point for a tuna sandwich is RM 36.58 (sale of 13 units). For nachos with cheese, it is RM 27.26 (sale of 4 units); for 50g ice gem biscuits, it is RM 6.69 (sale of 4 units); for 100g ice gem biscuits, it is RM22.95 (sale of 8 units) while popcorns have a break-even point at RM 30.48 (sale of 13 units).

The return on investment value for the business is 0.961, or 96.1%. Therefore, the shareholders can get back RM 0.96 as profit for every RM 1 capital invested in the business.

Appendices

Appendices Sample

Business Plan Examples and Sample For Students

Business Plan Examples For Students. Business Proposal Examples for Students. Also, Business Plan Sample pdf for Students. Business Plan Examples For Students Entrepreneurship PDF.

Business Plan

The business plan refers to the company’s written statement explaining the company's background and business details. This plan includes the executive summary of the company, product and service, operation, marketing, and financial plan.

The employee creates the business plan to represent and improve the organization's image to stakeholders, customers, and affiliates. It proposes the business strategy entirely mentioning how the company profits and survives in markets. So, a business plan is also known as a business proposal that is crucial for corporate branding. The business plan is essential for every company to build rapport with stakeholders and business partners as well as achieve competitiveness.

The key elements of a business plan or proposal are an executive summary, background, product and service, organizational structure, sales and marketing strategy, financial and operational plan, and more.

Business Plan Examples

A business plan example refers to a business proposal sample that thoroughly explains the business, including the executive summary of the financial statement. It is also known as a business report example or business proposal format. An example of a business plan certainly includes the executive summary of the business, operating strategy, start-up financial projections, financial projections, etc. The business plan example for students is also known as the business report format.

Business plan writing is a mandatory assignment for students in entrepreneurship. It is also a compulsory assignment for business students. The importance of a business plan is growing day by day for selling products on digital platforms and managing the organization virtually.

The business proposal is also compulsory for getting a bank loan. The organization needs it to make agreements with other organizations. The bank authority surely asks the organization to submit a business plan with the bank loan application. The other names of a business plan are business proposal, report, profile, and more. A business plan example is also known as an example of a company profile, business proposal example, sample, and format.

Elements of Business Plan Example

1. Executive Summary

It includes the overview of the business plan and its missions and vision.
Additionally, this section explains the target market and competitiveness in market.
Finally, it represents the summary of financial projections and funding requirements.

2. Business Description

Detailed explanation of the business concept and its products/services.
Identification of the target market and customer demographics.
Discussion of the unique selling proposition (USP) and competitive analysis.

3.Market Analysis
Overview of the industry and market trends.
Analysis of target market size, growth potential, and segmentation.
Examination of competitors' strengths, weaknesses, and market positioning.

4.Marketing and Sales Strategy
Description of marketing channels and promotional tactics.
Plan for customer acquisition, retention, and brand building.
Sales forecast and pricing strategy.

5.Operational Plan
Outline of the business operations, including location, facilities, and equipment.
Explanation of the production process and supply chain management.
Staffing requirements, roles, and responsibilities.

6.Financial Plan
Detailed financial projections, including income statement, cash flow statement, and balance sheet.
Break-even analysis and financial ratios.
Funding requirements and sources of capital.

7.Implementation Timeline
Schedule for key milestones and activities.
Allocation of resources and responsibilities.
Monitoring and evaluation plan for tracking progress.

8.Risk Management
Identification of potential risks and challenges.
Strategies for mitigating risks and contingency plans.
Insurance coverage and legal considerations.

9.Conclusion
Recap of the business opportunity and its feasibility.
Call to action or next steps for implementation.
Acknowledgment of key stakeholders and support network.
Business Plan Examples For Student Entrepreneurship

Today, the authors present a business plan example for students. They wrote it while they were students in entrepreneurship courses at the Faculty of Economics and Management University Putra Malaysia (UPM). The lecturer sets group assignments for the students; therefore, the students make the business plan example to complete the group assignment. Thus, this business plan or proposal example for students certainly assists business administration students. It also assists students in BBA, MBA, economics, finance, and business communication courses and researchers.

The author also wrote business plan examples for students about food and an Example of Business Report.

Business Plan Examples For Students
Business Plan or Proposal Examples For Students' Entrepreneurship

The students set the company name “BambooS.” It sells reusable and eco-friendly bamboo straws. Straws are a unique product in Malaysia that can be customized for length and diameter. Besides, the company offers engraving services for customers. So, customers can customize a meaningful word on the bamboo straw for engraving. In addition, it provides a designed pouch as packaging for our straw that looks smart.

Business Plan Example For Students
BUSINESS PLAN TABLE OF CONTENTS
Business Plan or Proposal Sample For Students

1.0 Executive Summary Of Business Plan

BambooS Sdn. Bhd. company was created by a group of 10 students in the Basic Entrepreneurship course. This company is named BambooS. It produces and sells bamboo-based products. The capital S in the company’s name stands for straw. The original idea came from a student. We chose Bamboo as the main ingredient of the products. Currently, we focus on producing eco-friendly straws to serve our customers. The products are the best quality yet affordable straws.

Our product is also biodegradable as it is made from Bamboo. We also guarantee that customers can use our products many times. It is reusable and easy to wash and carry. The straw size is customizable. So customers choose the size based on their preferences. In addition, our specialty is not only in our product but also in our packaging.

There are ten members in a group and each member will contribute RM 100. The total paid-up capital is RM 1000. We set up our warehouse in the Serdang area to produce, package, and store our products. We are making the straw as per the customer’s demand and request. For the marketing part, we are advertising and promoting our product through social media sites, such as WhatsApp, Instagram, and Facebook, and e-commerce, such as Shopee. We adopt the lean canvas business model tool to assess the outcome of the business.

2.0 Background of the Company

Product Introduction of Business Plan Examples For Students

2.2 Company Overview

Company Overview

2.3 Vision And Mission Statement
2.3.1 Vision Statement

To become the most notable company in Malaysia for producing eco-friendly bamboo straws.

2.3.2    Mission Statement

We want to fulfill the objective of satisfying customers with our eco-friendly products. We want to reduce pollution by using reusable straws anywhere and anytime.

2.4 Keys To Success

The Keys to Success for BambooS Include the following: 

Reputation: We will always keep in touch with the customer to collect all the feedback on our product or service so we can improve to reach the customer's satisfaction
Superior Customer Service: Additionally, the management helps customers in customizing and choosing the best straw size based on their preferences.
Location: Moreover, BambooS delivers products all around Malaysia.
Product: Finally, the products are very reusable, affordable, and eco-friendly.

Table: 4 Keys of Success

2.5 Organizational Chart

Organizational Structure- Business Template

3.0 Administration and Human Resource Plan

3.1 Business Strategies

Business strategy is crucial to maintain business growth.

The personal preferences of corporate management do not influence good business strategies. We emphasize every department's function. It ensures the plans run smoothly to meet goals. We need to achieve them. We have put as much emphasis on the efficiency of each Department.

Our company has set several strategies to achieve the company objectives. However, these strategies have been made based on every Department’s suggestion.

a. Administration and Human Resources Department
  • The admin and human resource department monitors all the business operations. It manages employees' and management problems.
  • It also solves problems that affect people management programs in the long run.
  • Moreover, it follows the five-gap model of service quality to ensure service quality.
b. Marketing Department
  • This department handles marketing of the product and promotional activities to reach the products to a vast amount of potential clients.
  • It also promotes the business and mission of an organization through social media.
c. Operational Department
  • This department ensures that all the equipment and materials are ready to run the operation smoothly. It ensures that all products are of good quality. This department follows the eight principles of TQM to ensure product and service quality.
  • Additionally, this department has the ultimate accountability for profit and loss and seeks to maximize shareholder return on investment.
3.2 Management Team

M M Kobiruzzaman

3.3 Job Descriptions

Job Description in Business Proposal

4.0  Market Plan

4.1  Introduction

BambooS Sdn. Bhd. support the “Save The Earth” campaign by producing eco-friendly Bamboo straws. These straws are environmentally friendly products. Therefore, these products are alternatives to plastic straws. The government has imposed restrictions on the use of plastic straws. They also create social awareness of to use of natural products.

Hence,  It is an important driving factor of our market strategy. In addition, the surging demand for drinking beverages, including juices and Boba drinks and then the Save the Turtle campaign, is also propelling the demand for bamboo straws across the globe. Bamboo straws are reusable compared to plastic; they are better for health, durable & robust, and it is an environmentally friendly product. The products will contribute to reducing global warming and preventing climate change globally.

4.2 Objective of Marketing

Our objective in producing Bamboo straws is to encourage consumers to use natural, eco-friendly products. Why are bamboo straws better than metal? Firstly, Bamboo comes from a natural source. So it is naturally sturdy and easy to collect. We do not need to use chemicals to make straws.

Additionally, metal straws are not pocket-friendly compared to Bamboo. Moreover, metal will rust when in contact with water and oxygen. Bamboo stock is much cheaper, less work, and easy to collect. Our marketing strategy will focus mainly on reusable principles which are much more trendy to youngsters because we have an engraving service to attract them.

4.3 Analysis of Marketing
4.3.1 Market Trend

The demand for bamboo straws has risen due to growing environmental attention. Additionally, plastic straws have been reduced due to state restrictions. However, the bamboo straw market is expected to achieve high growth shortly. In addition, BambooS Sdn. Bhd is a unique company in Malaysia. We produce our straw ourselves, and we provide safety and hygiene assurance. The buyer can engrave their name on the straw. Nowadays, customers want recognition for something they buy or support. They are also sincere about ‘Save the Earth’ and deserve to flex.

4.3.2 External Environment Analysis

Our first demographic psychographic and geographic target market is the University Putra Malaysia (UPM). Since we are students of UPM, it is easier to approach our target customers, including students and staff. Students tend to bring their water bottles or flasks to classes. It is one step toward being environmentally friendly; thus, we promote their effort by selling bamboo straws. In addition, we will promote our product at cafes or food courts at the faculty and library. We also establish a booth at super shops.

4.3.3 Internal Environment Analysis

(SWOT ANALYSIS)

SWOT Analysis For Business Plan

4.3.4 Market Opportunities

Our bamboo straw comes with a pouch; thus, it is hygienic and easy to bring everywhere. We also provide a small brush to ensure deep cleaning of the inner straw. Our product can be used again and again. So students and staff can save money. They do not need to bring straws in large volumes. The structure of our bamboo straw is strong and sturdy; thus, it will not break if soaked in water for a long time, unlike paper straws.

4.4 Target Market
4.4.1    Segmentation

Size

  • S size is fit for ordinary drinks, fully liquid
  • L size is suited for Boba drink or any drink that has topping.

Usage

  • People use straws for drinking tea, juice, frappe, and Boba.

Industry

  • Restaurants, cafes, food court, canteen, food stalls, super shops around UPM
4.4.2 Consumer Market and Buyer Behaviour

(i) Students and staff at UPM
(ii) Cafe and Restaurant at UPM

4.4.3 Positioning
  1. New business strategy for eco-friendly products in the market.
  2. Our production, process, and packaging materials match zero pollution.
  • Providing Engraved service
  1. Customized and Eco-friendly bamboo straws of different sizes
  2. Made of organic material
  3. Unique punch made by the jute bag.
4.5 4 P's Marketing Strategy
4.5.1 Product Strategy

To make our product unique, we ensure the quality and safety of our products always satisfy our customers.

Packaging

Our product comes neatly packaged in a unique eco-friendly punch. It is made of a jute bag. The natural bag is designed to make people use bamboo straws every day.

Labeling/Customised

Our company provides customized products. We resize and engrave the bamboo straws to attract more customers. So, our customers can request any size and imprint their straw with any logo or design they like. Our product comes in two sizes: the regular size for the standard drink, fully liquid, and the large size for the Boba drink or drink that has topped. Customers can send us their logo or name on social media sites. Personalized bamboo straws look fantastic across social media.

4.5.2 Price Strategy

Price is the payment given by one party to the other to get the return for goods or services. It is necessary as it determines our profit and business survival. Two factors affect our pricing strategy to increase our profits. The internal factor that affects our pricing strategy is production and management cost. At the same time, the external factor is the competitive environment.

Our management team decided to sell the straw in four sets: A, B, C, and D. Our company decided to set the price at RM 10.00 for set A. This set includes the common Bamboo straw, brush, and pouch. Then SET B cost RM 12.00, including the Boba size straw, brush, and pouch. SET C and SET D are more special because they include the engraving service. The engraving cost is RM 8.00 for each Set. As we mentioned before, we resize products for clients. So our customers can personally request to resize the straw. We charge it costs RM 9.00 per set.

4.5.3 Place Strategy

Place strategy is also known as distribution strategy, wherein the organization decides the mode of distribution for the product. The pacing strategy plays an important role in selling the products. We have chosen the market, cafe, or restaurant adjacent to the University Putra Malaysia. Our main target market is UPM staff and students.

Furthermore, we also decided to make it easy for our customers to find our product by using the shopping app, Shopee apps. We chose these apps because Shopee is the best option if you want to start selling online at a low cost and big money.

4.5.4  Promotion Strategy

Promotion is the advertising process to provide information to different parties about the products. It is a communication process that influences the customer to buy products. To get customers' attention and obtain a more significant market share, Bamboos Sdn. Bhd uses digital and internet marketing.

We have set up social media accounts, Instagram, Facebook, Shopee, and Blogspot, to promote our business. The marketing team will upload the promotional content to social media sites. This is because most people stay on social media sites mostly. With that, social media sites are the easiest way to buy anything we want without going out. Moreover, online shopping has become popular in this era, and all these social media sites have become the hottest sites, especially Instagram, which has a high rating in advertisements. Many companies use social media to sell their products and services by putting corporate information in their accounts.

Social Media Advantages

Social media are free sites where we can reach a large number of customers. Hence, we use social media to do hard and soft selling.

We fully develop every post to attract customers. In addition, we will always update our posts and story feeds. We ensure that customers are more exposed to our product. Next, we also use social media hashtags. We use hashtags such as #Bamboos, #SafeTheEarth, and more to make it easier for customers. The marketing team uses social media for the ordering process.

Similarly, we will place the generated links on each social media to encourage the product ordering process. Our company also makes sure transactions with our customers are easy. Finally, we also produce videos to promote our sales. The video will achieve the highest social media reach for views and engagement.

We tend to focus more on WhatsApp groups, Shopee, and Instagram since our target audience is UPM students. Many students are involved in WhatsApp groups, such as on faculty, college, hostels, and clubs. WhatsApp and Instagram are more popular among students as the places they spend most of their time. WhatsApp is the most popular social media site in Malaysia.

5.0 operations planning

5.1  Location and Address

We will mainly sell the straw on social media sites. The production team will handle the production process. They resize and wash the Bamboo at the warehouse in Selangor, Malaysia. The social media sites are Instagram, Facebook, Shopee, Blogspot, and WhatsApp. Supplies will be directly delivered to the responsible members for further processing based on our buyer's order.

5.2 Objective of Operations

We aim to produce and deliver good quality Bamboo Straw. Our team ensures that all products are effective and attractive. We also must gain customers' trust and happiness with our service, including price and delivery. We also make sure our products are cleaned and safe for use. Our team is very responsive to making good-quality straws. In addition, our company has ultimate responsibility for profit and loss. However, we seek partners for more investment.

5.3 Operation Strategies

A few strategies have been set up to ensure that our business runs smoothly throughout the week and meets our objectives.

Business sample

5.4 Supplier

The bamboo stock was from a supplier via the Shopee platform, and the pouch supplies were from Giftstalk Sdn. Bhd. The company logo's printing service was also included when we ordered the pouch from suppliers. Moreover, we order coconut fiber cleaning brush stock and packing Boxes from Shopee. We also surveyed purchasing and made sure that our supplies were reasonable. All the supplies are ordered online and delivered to our company via specialized courier service companies.

The bamboo straw will be customized and delivered to the customer using J&T Express, Ninja Van, and cash-on-delivery service, which will ease our delivery.

Thus, we have decided on the following suppliers as our supply providers:

  1. Wing.DIY –Shopee- For Bamboo Stock
  2. GIFTSTALK SDN BHD)- For Pouch Supplies
  3. Gd. Pack -Shopee)- For Paper Boxes Stock - Sandpaper Holder with Plastic.
5.5 Process Planning

Process Planning

5.6 Implementation Schedule

Implementation Schedule

5.7 Machinery and Equipment Including GST

Machinery and Equipment Including GST

6.0 Financial Plan

6.1 Introduction

A financial plan can be defined as a process of framing procedures and budgets regarding the financial activities of concern. This is done to ensure good financial and investment procedures.

Generally, the financial plan is used to know an investor's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

A financial plan is one of the most crucial parts of a business. Some of the importance of a financial plan are:

  • A financial plan provides the direction of one's business.
  • It also helps understand how finances impact one's business.
  • Additionally, it helps to manage income better.
6.2 Purpose of the Financial Department

A few purposes are as below:

  • Firstly, it determines capital conditions.
  • Secondly, it operates the fund nicely for different purposes.
  • Finally, it maintains proper cash flow.
6.3 Project Implementation Cost

Project Implementation Cost

Source of Fund

Our money is used as the start-up capital with a contribution of RM100.00 per shareholder, bringing the total investment to RM 1000.00.

6.4 List of Expenses

business proposal List of Expenses

Twelve partners funded a total of RM1000.00 to cover all business costs, which is RM 617.29. Expenses are in terms of buying raw materials, equipment, and delivery fees. We will not invest all amount to the business.

The equipment is counted as fixed cost as they are bought in bulk. Refer to 6.4 (List of Expenses) for detailed information.

6.5 Record of List of Sales

Business Record of List Sales

6.6 Income Statement

Income Statement

After one month of business, BambooS ended up with RM 1600.00 from 7 different products. This includes selling 15 units of Set 1, 25 of Set 2, 35 of Set 3, and 30 of Set 4. Leftovers for bamboo straws are found. The income statement shows that the business's net profit after one month of operation is RM 988.39, approximately 98.8% of capital invested into the business.

6.7 Cash Flow Statement

Cash Flow Statement

The case flow statement shows that the initial capital on hand is RM 1000.00, and at the end of the business, the total surplus (after deducting all expenses) is RM 1982.71.

The RM 1982.71 includes RM 100 capital invested by every shareholder at the beginning of the business. By dividing the remaining money after deduction, each shareholder would find themselves receiving an extra RM 98.27. Hence, every

6.8 Balance Sheet

Balance Sheet of Business

At the start of the business (22 March 2021), the initial capital share is RM 300.00. There is no liability such as a loan.

At the end of 9 weeks’ business (22 June 2021), the cash on hand increased to RM 1982.71, as well as the owner’s equity. The firm's net worth is RM 1982.71, done by subtracting liabilities from assets.

6.9 Financial Analysis

Financial Analysis Chart of Business Plan Examples For Student

Weighted Contribution Margin

BambooS has a net profit margin of 61.42%. BambooS also has a break-even point of RM 126.50. Sales passing this break-even point means that BambooS can start making profits.

Set 1 has a break-even point of RM 11.90, and set 2 have it at RM 23.72. The break-even point for set 3 is RM 55.34, while set 4 has a break-even point of RM 35.58.

The interest for the business is 0.9827 or 98.27%. This means for every RM 1 capital invested in the business; the shareholders can get back RM 0.98 as profit.

7.0 Conclusion

 Based on the business plan template or business proposal example that we have made, BambooS will give us profitable returns. The assumptions we made for these three months are conservative as we know that our company is still in the beginning, and the marketing and promotion are still in the early phase. The company sets systematic planning to reach the target. Thus, BambooS is very confident that our company will be able to grow in the future and become the most popular brand in the world.

We will always ensure that everyone in the company cooperates well to achieve the business target profit. We hope that BambooS will be the best company for producing eco-friendly straws in Malaysia. Our company assists UPM students and staff in reducing plastic usage.

Problem Faced and Solutions in Business

Every business will need to face many challenges to sustain success. As a new business, we also must face many things to achieve our business goal.

Firstly, we confirmed the product we would sell; everyone gave their opinions and ideas. This leads to 10 different products and services on the list. So we need to vote for the best one. We had faced a healthy argument on picking the best product. After discussion, we finally came out with the idea of producing an eco-friendly product. We focused on global warming issues and finally decided to produce and sell bamboo straws.

Moreover, we also have to face a conflict in fixing the vendors. We need to find the best vendors that offer the most reasonable price for us to produce the bamboo straw. The cost must be tele with our starting capital. To solve this, everyone has done their research on all the possible suppliers until we find the best one to choose from.

To avoid extreme market competitors, our team chose a blue ocean strategy to create a new market to achieve competitive advantages.

Business Proposal Examples For Students PDF

A business proposal is a short business plan. The business proposal describes the business process. However, a business proposal includes an executive summary, problem statements, product, finance, and solution. The example of a business proposal for students certainly guides others to create a business plan. This business plan sample teaches how to write business plan assignments for students. Students might learn how to write a simple business plan and proposal.

The importance of a business plan is crucial to stakeholders, employees, students, and entrepreneurs.   Additionally, the business plan example assists employees in creating a professional business proposal.