Business Plan

BUSINESS PLAN GLOBAL MUSHROOM COMPANY LTD. -â€Å"quality first† MS in Agricultural Economics(Agribusiness and Marketing) MD. TAUHIDUL ISLAM LEVEL-4; SEMESTER-1 ID. NO. : 09 AEAM JD 03M REG. NO. :31636 Group : C DEPT. of AGRIBUSINESS & MARKETING BANGLADESH AGRICULTURAL UNIVERSITY. MYMENSINGH BUSINESS PLAN SECTION 1: THE BUSINESS PROFILE Description of My Business Our product is Mushroom. We will produce, package and set price in our own farm. Targeted Market and Customers Our customers will be different departmental store, hotels and restaurants. Our product is new arrival in Bangladesh and it is highly nutritious. Growth Trends In This Business Yes, the market for our products is growing, because our product has increasing demand to the people, specially to the educated people. Pricing Power The unique qualities of our product are:- -nutritious -nontoxic -it is suitable for all classes of people, especially for diabetic patient and educated people. SECTION 2: THE VISION AND THE PEOPLE We are passionately committed of our new business to provide highly qualified mushroom to all classes of people specially for highly educated people. THE PEOPLE Work Experience Related to My Intended Business We got training from reputed mushroom cultivation training centre. Again we will appoint a mushroom cultivation specialist. Personal Background and Education Credentials We are expected to complete graduation this year from Bangladesh Agricultural University, Mymensingh . SECTION 3: COMMUNICATIONS Computer and Communications Tools Resource Requirements: Communications -Telephone/ mobile phone Tk. 10000/year -Advertisement Tk. 80000/year -Leaflet Tk. 5000/year -Internet Tk. 14000/year Telephones Telephone/mobile phone Tk. 10000/year Computers One computer and one printer Tk. 25,000 Computer accessories Tk. 5000 Internet Internet Tk. 14,000/year SECTION 4: ORGANIZATION Business Organization We want to form a JOINTSTOCK business organization. It is our intention to grow our company into a large farm throughout the country. Professional Consultants I feel it is important that my team of professional advisors be in place before I start in business. Here is a list of these professionals: 1. Lawyer-A. T. M. Golam Hossain 2. Accountant: Rakibul Hasan 3. Insurance Agent: Real Insurance Company 4 . Banker: Abdul Bari 5. Trainer: Aktaruzzaman Licenses 1. Trade license SECTION 5: LICENSES, PERMITS AND BUSINESS NAMES Due Diligence Procedures for Licenses, Permits and Business Names: Licenses: State: Trade license Slogan: Indicate your slogan intentions if any exist Our slogan is â€Å"quality first†. SECTION 6: INSURANCE Insurance (Session 6): List the form of insurance coverage including cost are anticipated. We plan to use the services of Real Insurance Company, as our insurance agent. SECTION 7: PREMISES Location Criteria †¢space requirements : 71 decimal †¢future requirements : 33 decimal SECTION 8: ACCOUNTING AND CASH FLOW Accounting COMPARATIVE ANALYSIS OF BALANCE SHEET Particulars Year20082009201020112012 Assets: Cash 50,000 60,000 75,000 90,000 1,00,000 Land3,22,7274,02,7274,82,7275,67,2725,67,272 Building(office room , store house & warehouse)4,00,0003,95,0003,90,0003,85,0003,80,000 Less: depreciation5,0005,0005,0005,0005,000 3,95,0003,90,0003,85,0003,80,0003,75,000 Computer , printer30,00028,00026,00024,00022,000 Less: depreciation2,0002,0002,0002,0002,000 28,00026,00024,00022,00020,000 Hut4,62,9905,78,7376,94,4846,94,4846,94,484 Equipment(rack & sprayer)65,20080,20097,80085,80073,800 Less: depreciation8,0009,50012,00012,00012,000 57,20070,70085,80073,80061,800 Vehicles(car & van)2,10,0001,99,0001,88,0001,77,0001,66,000 Less: depreciation11,00011,00011,00011,00011,000 1,99,0001,88,0001,77,0001,66,0001,55,000 Value of life insurance20,00020,00020,00020,00020,000 Raw materials inventories2,400,00030,00,00036,00,00039,60,00043,20,000 Supplies1,00,0001,20,0001,50,0001,80,0002,00,000 Total Assets40,34,91748,56,16456,94,01161,53,55665,13,556 Liabilities and Owners equity Liabilities : Bank loan20,00,00020,00,00015,00,00010,00,0008,00,000 Accounts payable1,00,9172,56,1646,94,0116,53,55611,13,556 Owners equity15,00,00020,00,00025,00,00030,00,00030,00,000 Retain earning4,34,0006,00,00010,00,00015,00,00016,00,000 Total Liabilities and Owners Equity40,34,91748,56,16456,94,01161,53,55665,13,556 Particulars Year20082009201020112012 Revenue: Gross sales48,00,00063,00,0007920,0008640,0009180,000 Less: sales return and allowance1,00,0002,00,000100,00025,00025,000 Net sales47,00,00061,00,0007820,0008615,0009155,000 Cost of goods sold: Inventory01,00,000200,000250,000250,000 Purchase24,00,00030,00,0003600,0003960,0004320,000 Less: purchase return 50,00075,00080,000100,000100,000 Net cost purchase2350,0002925,0003520,000386,0004220,000 Cost of goods available for sale 2350,0003025,0003720,0004110,0004470,000 Less: inventory1,00,000200,000250,000250,000250,000 Cost of goods sold22,50,0002825,0003470,0003860,0004220,000 Gross margin24,50,0003275,0004350,0004755,0004935,000 Operating expenses:, Advertisement cost80,000150,000100,00050,00025,000 Payroll4,68,000500,000560,000600,000600,000 Expense in license9,000 Transportation expenses1,50,000180,000280,000330,000330,000 Repairing and maintenance cost50,00060,00070,00070,00070,000 Insurance (fire)20,00020,00020,00020,00020,000 Telephone and internet24,00030,00035,00035,00035,000 Other expenses13,60020,00025,00050,00050,000 Cumulative depreciation27,50027,50030,00030,00030,000 Total operating expenses8,42,100987,5001120,0001185,0001160,000 Net earnings16,07,9002287,5003230,0003570,0003775,000 Less :interest expense2,40,000240,000180,000120,00096,000 Net profit / loss13,67,9002047,5003049,9703450,0003679,000 Growth(profit/sales*100)29. 1%33. 57%39%40. 05%40. 19% COMPAR ATIVE ANALYSIS OF INCOME STATEMENT Cash Flow Planning Checklist (Tk. /year) operating expenses: Advertisement cost80,000 Payroll468,000 Expense in license9,000 Transportation expenses150,000 Repairing and maintenance cost50,000 Insurance (fire)20,000/ Telephone and internet24,000 Other expenses13,600 Cumulative depreciation27,500 Total operating expenses 842,100 Capital investment1500000 Estimated sales4800000 Analysis of Costs Fixed costs: Land, building, equipment, hut, computer, depreciation, managers salaries, insurance, license cost, interest expense and vehicles. Variable costs: labor cost, Straw, Spawn, formalin, repair and maintenance cost and advertisement cost. Product cost: Straw, Spawn, formalin packaging and formalin. Delivery cost: Fuel, vehicles and drivers’ salaries . Internal Controls We will always supervise the overall activities in strong hand. If we get any dishonesty or carelessness in any kinds of business activities then we take necessary steps for controlling them properly. We will give rewards and incentives for appreciating the good works and punishments for skulking. We will keep record of every transaction and also we will try to ensure friendly environment for all employees in the company. SECTION 10: E-COMMERCE E-Commerce Plans We plan to build and install a registered website name www. glbmashroom. com . This site will contain attractive advertisement on our product. Buyers will get update information and they can merchandise via this website. E-Commerce Budgeting 1. Rent for domain – Tk. 1,000/year E-Commerce Competition We will provide more discount comparatively our best competitors. We will send our e-mail to our expected buyers containing our product advertisement. SECTION 11: ACQUISITIONS Due Diligence Procedures for Acquisitions # Our consulting team: Lawyer, accountant, banker, trainer, etc. # How we plan to authenticate- By providing sales receipt. # Sellers records to be inspected: Financial statements, sales backlog, cash deposit records, utility bills, accounts payable and receivable, financial comparisons of similar businesses, etc. # Appraisals, as appropriate. Yes. # Market conditions. Oligopoly market. # Value of goodwill exists. # Method of purchase: stock, assets, etc SECTION 12: MARKETING Marketing Plan We will personally contact with the buyers. We give fresh styling, quality product price incentive to them. We provide the transport facilities and arrange Mushroom food product festival every year to create more concentration of buyers. Advertising and Promotion Plans Plans Budget(Tk. /year) Internet 10,000 Television 40,000 Newspaper 20,000 Poster 5,000 leaflet 5,000 Training Policies We will hire a honest, skill and smart trainer for increasing the efficiency of our sales manager for specific period of time. The Competition BRAC is our strongest competitor, because they have -large overhead structure -large amount of capital -strong brand recognition But we intend to compete with the BRAC by the following ways- -attractive packaging price incentive -Mushroom food product festival -quality maintain -advertising -transportation facilities. How I Plan to Take Advantage of Competitors Weak Points The shortcomings of our competitors are as follows -slow motive to change product quality -price of product relatively higher than us -insufficient supply We plan to overcome their leadership with fresh new designs, artwork packaging and to provide at a lower price. SECTION 13: GROWTH PROGRAM Expansion Sources of financing :B ank and own capital Cash flow: Mushroom sale(cash inflow) Input purchase(cash outflow) Benefit package and policies: Those who are regular customer we sell the product to them at a lower price and sometime we will offer discount for product. Handling Major Problems Adverse conditions Response 1. Reduction in sales -sales promotion 2. Fall in price -reduce supply 3. Rise in input price -increase in output price How and where we reduce costs- -In advertising(in case of leaflet and postering ) -transportation cost will reduce when the company acquired goodwill to all kinds of customers. Business plan Pronunciation Brainless is start-up online business brain training game focused on person who deeds to enhance and improve their brains in the area of memory, attention and problem solving skill. The games are consisted of more than 25 training fitness games to challenge cognitive abilities in our brain. The company was established In the begging of 2014 with five co-founders from various expertise backgrounds. Parabolas also has the professional team and staffs with over 8-10 years experiences in each section to support our business.The company has a small office where was to the beginning of business. Since, we are online business and the startup company thus it would help us to minimize the cost for rental fee. . Executive summary Brainless is a first mover in online fitness brain game offering cognitive training of brain health in Thailand. The company has five co-founders who they are Dry. Daniel Brown, a neuroscience PhD from Stanford University in field of development human co gnition brain from United State, the second is Ms. Staring who is specialize in Information technology from Slovakia.The rest three persons are from Thailand which are Ms. Rattan, Mr.. Star and Ms. Hansson. Ms. Rattan will be concerning in Accosting and budget of the company because she is an expertise from Financial field. Besides, Sale and Marketing will be handled and promoted by Mr.. Star since he graduated both Bachelor and Master degree in major of Marketing from well- known University in Thailand. The last co-founder is responsible for general management and human resources because she has over eight years' experiences in this field.As we Just start up our online game business in Thailand, we are located in Bangkok area at Dry. Denial Brown house. Our company will be focus on Thai audiences who have 25 years old upward and income around 20,000 Baht per month. However, we would be expand market share to Asian countries in order to generate more revenue ND serve demand of the i ntention for Asian people who would like to practice and develop their mental skills and brains. The company also expects to capture market share by to be the first online training game in Thailand and a leader in this type of business in Asia.This is because we are different from many online games like Nintendo and Kudos in term of prove and evidence from scientific researcher. Our advertising are mainly through Internet and social media such as Faceable, Santos. Com, Kapok. Com and search engine. 3. Mission a. Mission and vision Mission Nowadays more and more people are paying attention to healthy lifestyle, including health eating and adequate amount of physical exercise. Whereas brain, similarly as provide the customer an option to develop brain activity also in parts, which are not used daily and to subsequently track progress.Vision Within Thai market it is important for us to ensure stability and afterwards expand our customer base. Opportunity for the future represents possi bility to expand to other markets of East Asian region and to become leaders in this part of the world. B. Objectives/Goals Goals Short-term 1) To increase awareness of non-user toward Brainless. Long-term 1) To improve customer service and product itself. 2) To increase sale revenue by expansion market to Asia. Objective 1) Create customer knowledge about how important of brain improvement. 2) Install customer tracking software. C.Keys to success The keys to success for Brainless are: 1 . Continuous development of new brain games that will ensure permanent attractiveness of the Brainless to customers. 2. Effectively establishing reputation as an exceptional company. 3. Cooperation with researchers, scientists and universities with the aim of improving games. 4. Simple design and ease of use of the web site noticeable. . Leaderless which allows the customers to compare their scores with other registered users scores d. SOOT analysis e. Strategies Loyalty program We will choose 2-3 g ames in each month for competition.The winner, who got the highest score in that game at the end of the month, will be received 10 – 20 percent discount from Brainless in the next payment for subscription. Winner are classify into three ranks, the first place will receive 20 percent discount and so on. This will help boot more and continue subscription from the customer. To create for long term relationship with the current customers To increase sales room subscription. To create Brainless awareness toward our current customers and their friends or relatives. Strategy Brainless give subscription discount for the winner in order to maintain good relationship with customer.Internet 1 . Apply Google Ad (SEE) word to the website by using keyword â€Å"Brainless, improving brain, game. We allocated the budget to this medium fund about 40,000 baht/ year. 2. Ad-banner for linking to the brand's website in http://www. Kapok. Com (in health section) and http://www. Santos. Com. We wi ll use banner ad in the whole 1 year with the total budgets around baht/ year) Social media As nowadays, Faceable is the most popular social networking website that people can chat, share their interest comments and positive experiences there.So, we will promote information of our company and inform people about Brainless and providing researches which can prove that our games have high quality, also can improve users' brain function via Braininess's Faceable fan page. Moreover, people can communicate and share their results directly with the company and friends. Flogger and Youth channel We will invite flogger who is famous in enhance and improve their potential brains n the area of memory, attention and problem solving skill to play our games. Hire Youth channel about game reviews our games to catch up consumers' attention.We expect that these two channels can play an effective role to get high reputation. And learning, and Uncle Pee channel who famous in game review. Event To cre ate awareness on Brainless toward Bangkok aged from 25 years old above who concerns about health and want to retain their mental faculty as long as possible. To create brand awareness, brand knowledge, and brand experience of Brainless – To promote the Brainless to be well known and reliable web site as training brain name. – To boost up the Brainless sales during the campaign period.We will Join the event as one of exhibitor to introduce Brainless benefits toward the event visitors – Give visitor discount for subscription. Free testing game Free giving cup, pen and brochure about brain care knowledge with Brainless logo as the specialty product. Tactics In the first 2 months, we have to finish all of the responsible website and create our fan page in Faceable under the URL of faceable. Com/page/Brainless – Two weeks before the events, we plan to invite the visitors to participate out booth by posting the invitation card in the fan page of each event.We w ill introduce our self about who we are and for the people who accept our invitation by click like on fan page, they can print out the gift voucher and show to us in the event to get a gift bag for free. – In the event day, we will give a free game sample to the visitors at the same time we will give them flyer the information about Brainless and Brainless benefits. On the top of flyer, we will also provide some special discount in CRY Code. The visitor Just screen the code, they will get 10% discount for the subscription. There is the event that Brainless can Join during the year 201 5 Thailand Game ShowBig Festival @Royal Paragon hall (March 17- 19,201 5) Cost 30,000 baht/ year Brainless represents a simple online tool allowing anyone to exercise variety of core cognitive abilities. It offers a brain training program consisting of 25 funds and challenging games focusing on different areas: Attention, Flexibility, Memory, Problem solving and Speed Brainless offers after a sh ort registration personalized program as well as the opportunity of tracking progress since Just 1 5 minutes training per day can lead to improvements in mentioned areas.It has a social layer too, so the customer can assure his or her results and progress against what other users are doing. Since the Brainless operates as a responsive site, customers can choose whether to train on the computer or on mobile device and still enjoying the same pleasure. 5. Revenue sources Brainless is basically free of charge for sign up as a basic membership and also offer free five days of trial training brain game.After five days of the individualized training plan developed upon first registration, our company is use of subscription services as a major revenue model by offering users or subscribers have to pay a fee o access all training exercise games in the website by monthly, weekly, yearly and lifetime membership. Subscriptions are not only our revenue sources because our company also generate revenues by letting advertisers to advertise in our web site, which means the company will get the revenue source from advertisement fee.Revenue Payment Brainless uses credit card as payment method. 1) Login by I. D 2) Chooses payment term by monthly, yearly 3) Choose credit card and payment method. 6. Future growth opportunities As we are the first brain training game program business in Thailand and first mover n Asia, we are thinking about expansion of our target groups that can serve all ages starting from five years till 75 years old because now our focus audiences are 25 years old upward because some games are not suitable for kids.So, we are trying to develop our games to be more fun, challenging and interesting to learners of all ages in the future. Moreover, in 201 5 our plan for future growth opportunities are to gain more incomes and attract more consumers and users by launching an application on mobile platform both SIS and Android which we considered of the growth of us ing smartness and tablets in Asia Pacific.Asia Pacific smartened penetration is highest in Hong Kong and Singapore at 87 percent, followed by Malaysia (80%), Australia (75%) and China (71 Penetration in developing Asia Pacific markets, while trailing the more developed markets in the region, is gaining traction; Thailand smartened penetration is at 49 percent followed by Indonesia (23%), India (18%) and the Philippines (15%). Tablet ownership has recorded significant growth in many Asia Pacific markets in the past year, in particular Singapore (up 30 percentage points to 47%), Hong Kong (up 27 points to 57%) and Malaysia (up 23 points to 42%). Http://www. Nielsen. Com/pH/en/insights/ news/2014/Asian-mobile-consumers. HTML) In addition, Brainless is looking beyond Thailand to reach a broader audience around Asia like China, Japan and Malaysia. We are plan ahead in future opportunities to develop our website to have more languages in next 2-3 years that it will help to reduce language s barrier and we hope international users can get through and really understand the game to enhance their mental fitness.Moreover, we are also looking for a sponsorship by Thai government to promote Thai people that may emphasis on teenagers to improve their cognitive velveteen in terms of memory, attention and creativity. A. Market analysis Market trends Customer analysis As nowadays, people have care more about their healthy, not only their body shape but also including brain function. Also, as a number of using smart mobile phone increase, people always spend their time on smart mobile phone in daily. Each day, they would got many information from the social network or internet which may be junk information or good information.Imaging that you have to do multi works and update thing around, it would make your brain cannot concentrate on one thing or any things in same time. So, they tend to find some tools that could improve their brain concentrated such as meditation which would prepare them for working and successful in multi skill tasks. As figure table and form the research, the elderly or those aged 60 years and over in Thailand, they found that an increasing number of Thai elder each year is growing, making currently Thailand is a society of seniors.And the working population or labor force survey found that in year 2556, there were 3. 45 million elder workers from the total 9 million elders, or 38. 3 percent of the total who were still worked. It can estimate that in the future, Thai people at ages 65 or above are still planning to be working as the number of the older is increased. And because of health concerns and people waiting to retain their mental faculty as long as possible, it makes the brain health business is growing steadily.Supplier power (Low) As Brainless produces their own games. They do not need any suppliers to involve in their production line. It means that Bargaining of supplier power is low. Barriers to entry (Moderate) For barri ers to entry are relatively high for advanced game because the startup for new business is very high cost in producing online brains improving games and the website much has platform that can measure improving brain which has to use complicated code for create web game. Threat of substitute products (High) Business Plan The main reason to have the clothing business on Commerce is because it has the biggest potential to give a free rein to enormous savings and business efficiencies. However the practicalities remain indefinable. The commerce focus the way to handle the change in the global planning and purchasing of transport as well as it contribute to the supply chain as logistics. The key activator to E-business is defined as logistics. Well there comes a question how benefits are enabled to ensure individual logistics and transport companies or will it perish in the revolution of E- commerce.E-commerce is the electronic business. Though which clothing business can enter to the power of computers, the internet and shared software to deliver and et product specifications and drawings, buying orders and receipts, bids, and other they of information related to data that is required to be conversed to suppliers, the public, employees and most importantly with customers. Below written is the SOOT analy sis of Men and Women Clothing business at Jersey Shore Boardwalk (Edutainment, 2002).SOOT Analysts: Strength: 0 The huge advantage of the E-commerce clothing store will be Global location I. E. Boundary less 0 There will be no time constraints to it. 0 Biggest benefit is price and product comparison can be made easily. 0 It will be cost effective for the clothing store. 0 The clothing store can easily direct communicate with consumer and can improved customer interaction. Moreover an E-commerce site will allow the clothing store to have flexible target market segmentation. It will be simple and easier to exchange of details and information.You will have a lower transaction cost and not only this you can easily do arrangement of products. 0 Customers can experience faster buying procedure 0 Company don't require to have a physical set up 0 Transactions are made easily. 0 Availability of Niche products Furthermore an advantage of low operating cost. Weakness: 0 Security is a big conce rn for every customer if they are buying online for verification of their personal information like credit card and other related secured information. 0 There a chance of fake websites similar to our open and used our name. Chances of fraud 0 Customers have fewer discounts offered and no chance of bargaining is available. 0 It might take long delivery timing. 0 If the quality is not maintained by the company related to the physical condition of the clothing products will become the biggest disadvantage for the company. If you are selling limited products in the clothing category or limited styles might 0 Might have a more shipping cost. 0 Customers get limited exposure and you get limited excess to advertising. 0 Hard to fulfill customer's satisfaction (Swags & Simian, 2012).For tax issues and purposes a verified address and identity of the location is necessary. International tax laws may hurdle against certain encountered references with legal issues and problems related to the te chnology. 0 There is a big hurdle in making the 4. Thoroughly described 2 online crimes prevalent in e-commerce and what you would do to prevent these crimes. 1. Credit cards frauds These are the biggest of all crimes going around the e-commerce business. Preventive majors: 0 Using address verification system in order to prevent credit card fraud. Verify about any anonymous or suspicious email. 0 Need to know the purchaser IP address to follow up if any fraud is involved in the transaction. 0 Keep interaction with the customer and verify customer billing address and bank details related to the customer. 2. Blocking and Censorship: 0 Filters should be added to your website in order to stop blocking access to control it. 0 Security needs to be more effective in order to provide protection to the customers. It is very important that an e-commerce website should comply with the policy related to censorship and blocking to be followed accordingly. Business Plan BUSINESS PLAN GLOBAL MUSHROOM COMPANY LTD. -â€Å"quality first† MS in Agricultural Economics(Agribusiness and Marketing) MD. TAUHIDUL ISLAM LEVEL-4; SEMESTER-1 ID. NO. : 09 AEAM JD 03M REG. NO. :31636 Group : C DEPT. of AGRIBUSINESS & MARKETING BANGLADESH AGRICULTURAL UNIVERSITY. MYMENSINGH BUSINESS PLAN SECTION 1: THE BUSINESS PROFILE Description of My Business Our product is Mushroom. We will produce, package and set price in our own farm. Targeted Market and Customers Our customers will be different departmental store, hotels and restaurants. Our product is new arrival in Bangladesh and it is highly nutritious. Growth Trends In This Business Yes, the market for our products is growing, because our product has increasing demand to the people, specially to the educated people. Pricing Power The unique qualities of our product are:- -nutritious -nontoxic -it is suitable for all classes of people, especially for diabetic patient and educated people. SECTION 2: THE VISION AND THE PEOPLE We are passionately committed of our new business to provide highly qualified mushroom to all classes of people specially for highly educated people. THE PEOPLE Work Experience Related to My Intended Business We got training from reputed mushroom cultivation training centre. Again we will appoint a mushroom cultivation specialist. Personal Background and Education Credentials We are expected to complete graduation this year from Bangladesh Agricultural University, Mymensingh . SECTION 3: COMMUNICATIONS Computer and Communications Tools Resource Requirements: Communications -Telephone/ mobile phone Tk. 10000/year -Advertisement Tk. 80000/year -Leaflet Tk. 5000/year -Internet Tk. 14000/year Telephones Telephone/mobile phone Tk. 10000/year Computers One computer and one printer Tk. 25,000 Computer accessories Tk. 5000 Internet Internet Tk. 14,000/year SECTION 4: ORGANIZATION Business Organization We want to form a JOINTSTOCK business organization. It is our intention to grow our company into a large farm throughout the country. Professional Consultants I feel it is important that my team of professional advisors be in place before I start in business. Here is a list of these professionals: 1. Lawyer-A. T. M. Golam Hossain 2. Accountant: Rakibul Hasan 3. Insurance Agent: Real Insurance Company 4 . Banker: Abdul Bari 5. Trainer: Aktaruzzaman Licenses 1. Trade license SECTION 5: LICENSES, PERMITS AND BUSINESS NAMES Due Diligence Procedures for Licenses, Permits and Business Names: Licenses: State: Trade license Slogan: Indicate your slogan intentions if any exist Our slogan is â€Å"quality first†. SECTION 6: INSURANCE Insurance (Session 6): List the form of insurance coverage including cost are anticipated. We plan to use the services of Real Insurance Company, as our insurance agent. SECTION 7: PREMISES Location Criteria †¢space requirements : 71 decimal †¢future requirements : 33 decimal SECTION 8: ACCOUNTING AND CASH FLOW Accounting COMPARATIVE ANALYSIS OF BALANCE SHEET Particulars Year20082009201020112012 Assets: Cash 50,000 60,000 75,000 90,000 1,00,000 Land3,22,7274,02,7274,82,7275,67,2725,67,272 Building(office room , store house & warehouse)4,00,0003,95,0003,90,0003,85,0003,80,000 Less: depreciation5,0005,0005,0005,0005,000 3,95,0003,90,0003,85,0003,80,0003,75,000 Computer , printer30,00028,00026,00024,00022,000 Less: depreciation2,0002,0002,0002,0002,000 28,00026,00024,00022,00020,000 Hut4,62,9905,78,7376,94,4846,94,4846,94,484 Equipment(rack & sprayer)65,20080,20097,80085,80073,800 Less: depreciation8,0009,50012,00012,00012,000 57,20070,70085,80073,80061,800 Vehicles(car & van)2,10,0001,99,0001,88,0001,77,0001,66,000 Less: depreciation11,00011,00011,00011,00011,000 1,99,0001,88,0001,77,0001,66,0001,55,000 Value of life insurance20,00020,00020,00020,00020,000 Raw materials inventories2,400,00030,00,00036,00,00039,60,00043,20,000 Supplies1,00,0001,20,0001,50,0001,80,0002,00,000 Total Assets40,34,91748,56,16456,94,01161,53,55665,13,556 Liabilities and Owners equity Liabilities : Bank loan20,00,00020,00,00015,00,00010,00,0008,00,000 Accounts payable1,00,9172,56,1646,94,0116,53,55611,13,556 Owners equity15,00,00020,00,00025,00,00030,00,00030,00,000 Retain earning4,34,0006,00,00010,00,00015,00,00016,00,000 Total Liabilities and Owners Equity40,34,91748,56,16456,94,01161,53,55665,13,556 Particulars Year20082009201020112012 Revenue: Gross sales48,00,00063,00,0007920,0008640,0009180,000 Less: sales return and allowance1,00,0002,00,000100,00025,00025,000 Net sales47,00,00061,00,0007820,0008615,0009155,000 Cost of goods sold: Inventory01,00,000200,000250,000250,000 Purchase24,00,00030,00,0003600,0003960,0004320,000 Less: purchase return 50,00075,00080,000100,000100,000 Net cost purchase2350,0002925,0003520,000386,0004220,000 Cost of goods available for sale 2350,0003025,0003720,0004110,0004470,000 Less: inventory1,00,000200,000250,000250,000250,000 Cost of goods sold22,50,0002825,0003470,0003860,0004220,000 Gross margin24,50,0003275,0004350,0004755,0004935,000 Operating expenses:, Advertisement cost80,000150,000100,00050,00025,000 Payroll4,68,000500,000560,000600,000600,000 Expense in license9,000 Transportation expenses1,50,000180,000280,000330,000330,000 Repairing and maintenance cost50,00060,00070,00070,00070,000 Insurance (fire)20,00020,00020,00020,00020,000 Telephone and internet24,00030,00035,00035,00035,000 Other expenses13,60020,00025,00050,00050,000 Cumulative depreciation27,50027,50030,00030,00030,000 Total operating expenses8,42,100987,5001120,0001185,0001160,000 Net earnings16,07,9002287,5003230,0003570,0003775,000 Less :interest expense2,40,000240,000180,000120,00096,000 Net profit / loss13,67,9002047,5003049,9703450,0003679,000 Growth(profit/sales*100)29. 1%33. 57%39%40. 05%40. 19% COMPAR ATIVE ANALYSIS OF INCOME STATEMENT Cash Flow Planning Checklist (Tk. /year) operating expenses: Advertisement cost80,000 Payroll468,000 Expense in license9,000 Transportation expenses150,000 Repairing and maintenance cost50,000 Insurance (fire)20,000/ Telephone and internet24,000 Other expenses13,600 Cumulative depreciation27,500 Total operating expenses 842,100 Capital investment1500000 Estimated sales4800000 Analysis of Costs Fixed costs: Land, building, equipment, hut, computer, depreciation, managers salaries, insurance, license cost, interest expense and vehicles. Variable costs: labor cost, Straw, Spawn, formalin, repair and maintenance cost and advertisement cost. Product cost: Straw, Spawn, formalin packaging and formalin. Delivery cost: Fuel, vehicles and drivers’ salaries . Internal Controls We will always supervise the overall activities in strong hand. If we get any dishonesty or carelessness in any kinds of business activities then we take necessary steps for controlling them properly. We will give rewards and incentives for appreciating the good works and punishments for skulking. We will keep record of every transaction and also we will try to ensure friendly environment for all employees in the company. SECTION 10: E-COMMERCE E-Commerce Plans We plan to build and install a registered website name www. glbmashroom. com . This site will contain attractive advertisement on our product. Buyers will get update information and they can merchandise via this website. E-Commerce Budgeting 1. Rent for domain – Tk. 1,000/year E-Commerce Competition We will provide more discount comparatively our best competitors. We will send our e-mail to our expected buyers containing our product advertisement. SECTION 11: ACQUISITIONS Due Diligence Procedures for Acquisitions # Our consulting team: Lawyer, accountant, banker, trainer, etc. # How we plan to authenticate- By providing sales receipt. # Sellers records to be inspected: Financial statements, sales backlog, cash deposit records, utility bills, accounts payable and receivable, financial comparisons of similar businesses, etc. # Appraisals, as appropriate. Yes. # Market conditions. Oligopoly market. # Value of goodwill exists. # Method of purchase: stock, assets, etc SECTION 12: MARKETING Marketing Plan We will personally contact with the buyers. We give fresh styling, quality product price incentive to them. We provide the transport facilities and arrange Mushroom food product festival every year to create more concentration of buyers. Advertising and Promotion Plans Plans Budget(Tk. /year) Internet 10,000 Television 40,000 Newspaper 20,000 Poster 5,000 leaflet 5,000 Training Policies We will hire a honest, skill and smart trainer for increasing the efficiency of our sales manager for specific period of time. The Competition BRAC is our strongest competitor, because they have -large overhead structure -large amount of capital -strong brand recognition But we intend to compete with the BRAC by the following ways- -attractive packaging price incentive -Mushroom food product festival -quality maintain -advertising -transportation facilities. How I Plan to Take Advantage of Competitors Weak Points The shortcomings of our competitors are as follows -slow motive to change product quality -price of product relatively higher than us -insufficient supply We plan to overcome their leadership with fresh new designs, artwork packaging and to provide at a lower price. SECTION 13: GROWTH PROGRAM Expansion Sources of financing :B ank and own capital Cash flow: Mushroom sale(cash inflow) Input purchase(cash outflow) Benefit package and policies: Those who are regular customer we sell the product to them at a lower price and sometime we will offer discount for product. Handling Major Problems Adverse conditions Response 1. Reduction in sales -sales promotion 2. Fall in price -reduce supply 3. Rise in input price -increase in output price How and where we reduce costs- -In advertising(in case of leaflet and postering ) -transportation cost will reduce when the company acquired goodwill to all kinds of customers. Business Plan Over the last five years our organization has seen significant change in technology. While this change has been beneficial to Community College and its employees, we have reached a point where we are challenged with the new features and functions of the College's standard software. In order for our employees to continue to serve student needs effectively and efficiently the Technology Training Project has been created.This project will create technology training sessions to allow for increased technology understanding and to grow employee confidence. Upon completion, this project will provide for a foundation that will allow our organization to address the probable changes in future technology. TRAINING STRATEGY All employees will have access to technology training opportunities.The Training Department will provide technology training through the following modes of delivery: Face to face sessions Online via the portal Downloaded material In order to provide these training opportuniti es the following resources are required: Training opportunities to keep the College trainer / Seems current Current and up to ate handout materials Access to current hardware and software technologies The following is a list of assumption and constraints for the Training & Development Business Plan. Please note that this list may be modified as the project and planning move forward.Assumptions: All employees have the minimum technology skills as defined by Human Resources All employees have access to the current technology in the form of software and hardware required by their position All employees are encouraged and allowed to articulate in training opportunities This project has the full support of all executive leadership Constraints Attendance will be dependent on employee schedules All new employees must attend new employee orientation modules All equipment and software must be compatible with current technology DELIVERABLES Sessions Method Resources Anticipated Date Technolog y Sneak Peeks* OFF Trainer Cot/Novo/Deck Beginning Innovate Technology Tuesdays Office – Email/Calendar 1 Page Tip Sheet Training Department Novo/Deck Thumb Drives Training Department/Lot Nodded Word 2013: Navigating the File Tab OFF/Videos Late Novo / Early Deck Word 2013: Solving the Mystery of Headers and Sections Word 2013: Understanding Track Changes – not for the Light Hearted Fondles Excel 2013: Using a Table to Filter and Sort Data Excel 2013: Basic Formulas Fondles Outlook 2013: Using Rules and Categories to Organize Outlook Fondles Outlook 2013: What to Expect from the Outlook 365 Interface Endnote 2013: One What? What exactly is Endnote? Core Technology Training Trainer / Book Intermediate Innovate WI Utilize a Workup Site Portal Essentials: Communicating with your Workup via the Portal OFF / VideosPortal Essentials: Create Alerts to Maintain Awareness of Office Happenings OFF / Videos Portal Essentials: Create and Maintain Document Libraries with Custom Vie ws OFF / Portal Essentials: Calendar Management OFF / Videos WI 14 Proper Document Storage Personally Identifiable Information * Will schedule times at departments meetings COMMUNICATION DELIVERABLES The Training Department will communicate training opportunities by utilizing the current approved communication methods: Announcements Workup Listserv Emails Downloaded Flyers Portal Website Department Invitations Sneak Peaks SESSION OUTCOMES Office 2013 – These sessions will provide users with the technical training necessary to: a. Create and modify documents (Word) b. Create and modify reports (Word) c. Create and modify spreadsheets (Excel) d. Create and modify presentations (Powering) e. Create and modify calendar items (Outlook) f. Create and modify emails (Outlook) g. Create and maintain a basic database (Access) h. Navigate the new features in Office 2013 I.Use Endnote to manage and capture information electronically (Endnote) Innovate – these sessions will provide users with the technical training necessary to: . Create basic forms b. Manage a form library c. Edit form library permissions d. Create basic workflow e. Export to Excel How to Utilize a Workup Site – these sessions will provide users with the technical training necessary to: a. Create Announcements b. Create Email Alerts c. Create Document Libraries d. Create Custom views e. Connect Workup Calendar to Outlook ASSESSMENT AND TRACKING The current Training Department Events database will be used for tracking participation. A new participation method will be incorporated when the Sharpening Business Plan BUSINESS PLAN GLOBAL MUSHROOM COMPANY LTD. -â€Å"quality first† MS in Agricultural Economics(Agribusiness and Marketing) MD. TAUHIDUL ISLAM LEVEL-4; SEMESTER-1 ID. NO. : 09 AEAM JD 03M REG. NO. :31636 Group : C DEPT. of AGRIBUSINESS & MARKETING BANGLADESH AGRICULTURAL UNIVERSITY. MYMENSINGH BUSINESS PLAN SECTION 1: THE BUSINESS PROFILE Description of My Business Our product is Mushroom. We will produce, package and set price in our own farm. Targeted Market and Customers Our customers will be different departmental store, hotels and restaurants. Our product is new arrival in Bangladesh and it is highly nutritious. Growth Trends In This Business Yes, the market for our products is growing, because our product has increasing demand to the people, specially to the educated people. Pricing Power The unique qualities of our product are:- -nutritious -nontoxic -it is suitable for all classes of people, especially for diabetic patient and educated people. SECTION 2: THE VISION AND THE PEOPLE We are passionately committed of our new business to provide highly qualified mushroom to all classes of people specially for highly educated people. THE PEOPLE Work Experience Related to My Intended Business We got training from reputed mushroom cultivation training centre. Again we will appoint a mushroom cultivation specialist. Personal Background and Education Credentials We are expected to complete graduation this year from Bangladesh Agricultural University, Mymensingh . SECTION 3: COMMUNICATIONS Computer and Communications Tools Resource Requirements: Communications -Telephone/ mobile phone Tk. 10000/year -Advertisement Tk. 80000/year -Leaflet Tk. 5000/year -Internet Tk. 14000/year Telephones Telephone/mobile phone Tk. 10000/year Computers One computer and one printer Tk. 25,000 Computer accessories Tk. 5000 Internet Internet Tk. 14,000/year SECTION 4: ORGANIZATION Business Organization We want to form a JOINTSTOCK business organization. It is our intention to grow our company into a large farm throughout the country. Professional Consultants I feel it is important that my team of professional advisors be in place before I start in business. Here is a list of these professionals: 1. Lawyer-A. T. M. Golam Hossain 2. Accountant: Rakibul Hasan 3. Insurance Agent: Real Insurance Company 4 . Banker: Abdul Bari 5. Trainer: Aktaruzzaman Licenses 1. Trade license SECTION 5: LICENSES, PERMITS AND BUSINESS NAMES Due Diligence Procedures for Licenses, Permits and Business Names: Licenses: State: Trade license Slogan: Indicate your slogan intentions if any exist Our slogan is â€Å"quality first†. SECTION 6: INSURANCE Insurance (Session 6): List the form of insurance coverage including cost are anticipated. We plan to use the services of Real Insurance Company, as our insurance agent. SECTION 7: PREMISES Location Criteria †¢space requirements : 71 decimal †¢future requirements : 33 decimal SECTION 8: ACCOUNTING AND CASH FLOW Accounting COMPARATIVE ANALYSIS OF BALANCE SHEET Particulars Year20082009201020112012 Assets: Cash 50,000 60,000 75,000 90,000 1,00,000 Land3,22,7274,02,7274,82,7275,67,2725,67,272 Building(office room , store house & warehouse)4,00,0003,95,0003,90,0003,85,0003,80,000 Less: depreciation5,0005,0005,0005,0005,000 3,95,0003,90,0003,85,0003,80,0003,75,000 Computer , printer30,00028,00026,00024,00022,000 Less: depreciation2,0002,0002,0002,0002,000 28,00026,00024,00022,00020,000 Hut4,62,9905,78,7376,94,4846,94,4846,94,484 Equipment(rack & sprayer)65,20080,20097,80085,80073,800 Less: depreciation8,0009,50012,00012,00012,000 57,20070,70085,80073,80061,800 Vehicles(car & van)2,10,0001,99,0001,88,0001,77,0001,66,000 Less: depreciation11,00011,00011,00011,00011,000 1,99,0001,88,0001,77,0001,66,0001,55,000 Value of life insurance20,00020,00020,00020,00020,000 Raw materials inventories2,400,00030,00,00036,00,00039,60,00043,20,000 Supplies1,00,0001,20,0001,50,0001,80,0002,00,000 Total Assets40,34,91748,56,16456,94,01161,53,55665,13,556 Liabilities and Owners equity Liabilities : Bank loan20,00,00020,00,00015,00,00010,00,0008,00,000 Accounts payable1,00,9172,56,1646,94,0116,53,55611,13,556 Owners equity15,00,00020,00,00025,00,00030,00,00030,00,000 Retain earning4,34,0006,00,00010,00,00015,00,00016,00,000 Total Liabilities and Owners Equity40,34,91748,56,16456,94,01161,53,55665,13,556 Particulars Year20082009201020112012 Revenue: Gross sales48,00,00063,00,0007920,0008640,0009180,000 Less: sales return and allowance1,00,0002,00,000100,00025,00025,000 Net sales47,00,00061,00,0007820,0008615,0009155,000 Cost of goods sold: Inventory01,00,000200,000250,000250,000 Purchase24,00,00030,00,0003600,0003960,0004320,000 Less: purchase return 50,00075,00080,000100,000100,000 Net cost purchase2350,0002925,0003520,000386,0004220,000 Cost of goods available for sale 2350,0003025,0003720,0004110,0004470,000 Less: inventory1,00,000200,000250,000250,000250,000 Cost of goods sold22,50,0002825,0003470,0003860,0004220,000 Gross margin24,50,0003275,0004350,0004755,0004935,000 Operating expenses:, Advertisement cost80,000150,000100,00050,00025,000 Payroll4,68,000500,000560,000600,000600,000 Expense in license9,000 Transportation expenses1,50,000180,000280,000330,000330,000 Repairing and maintenance cost50,00060,00070,00070,00070,000 Insurance (fire)20,00020,00020,00020,00020,000 Telephone and internet24,00030,00035,00035,00035,000 Other expenses13,60020,00025,00050,00050,000 Cumulative depreciation27,50027,50030,00030,00030,000 Total operating expenses8,42,100987,5001120,0001185,0001160,000 Net earnings16,07,9002287,5003230,0003570,0003775,000 Less :interest expense2,40,000240,000180,000120,00096,000 Net profit / loss13,67,9002047,5003049,9703450,0003679,000 Growth(profit/sales*100)29. 1%33. 57%39%40. 05%40. 19% COMPAR ATIVE ANALYSIS OF INCOME STATEMENT Cash Flow Planning Checklist (Tk. /year) operating expenses: Advertisement cost80,000 Payroll468,000 Expense in license9,000 Transportation expenses150,000 Repairing and maintenance cost50,000 Insurance (fire)20,000/ Telephone and internet24,000 Other expenses13,600 Cumulative depreciation27,500 Total operating expenses 842,100 Capital investment1500000 Estimated sales4800000 Analysis of Costs Fixed costs: Land, building, equipment, hut, computer, depreciation, managers salaries, insurance, license cost, interest expense and vehicles. Variable costs: labor cost, Straw, Spawn, formalin, repair and maintenance cost and advertisement cost. Product cost: Straw, Spawn, formalin packaging and formalin. Delivery cost: Fuel, vehicles and drivers’ salaries . Internal Controls We will always supervise the overall activities in strong hand. If we get any dishonesty or carelessness in any kinds of business activities then we take necessary steps for controlling them properly. We will give rewards and incentives for appreciating the good works and punishments for skulking. We will keep record of every transaction and also we will try to ensure friendly environment for all employees in the company. SECTION 10: E-COMMERCE E-Commerce Plans We plan to build and install a registered website name www. glbmashroom. com . This site will contain attractive advertisement on our product. Buyers will get update information and they can merchandise via this website. E-Commerce Budgeting 1. Rent for domain – Tk. 1,000/year E-Commerce Competition We will provide more discount comparatively our best competitors. We will send our e-mail to our expected buyers containing our product advertisement. SECTION 11: ACQUISITIONS Due Diligence Procedures for Acquisitions # Our consulting team: Lawyer, accountant, banker, trainer, etc. # How we plan to authenticate- By providing sales receipt. # Sellers records to be inspected: Financial statements, sales backlog, cash deposit records, utility bills, accounts payable and receivable, financial comparisons of similar businesses, etc. # Appraisals, as appropriate. Yes. # Market conditions. Oligopoly market. # Value of goodwill exists. # Method of purchase: stock, assets, etc SECTION 12: MARKETING Marketing Plan We will personally contact with the buyers. We give fresh styling, quality product price incentive to them. We provide the transport facilities and arrange Mushroom food product festival every year to create more concentration of buyers. Advertising and Promotion Plans Plans Budget(Tk. /year) Internet 10,000 Television 40,000 Newspaper 20,000 Poster 5,000 leaflet 5,000 Training Policies We will hire a honest, skill and smart trainer for increasing the efficiency of our sales manager for specific period of time. The Competition BRAC is our strongest competitor, because they have -large overhead structure -large amount of capital -strong brand recognition But we intend to compete with the BRAC by the following ways- -attractive packaging price incentive -Mushroom food product festival -quality maintain -advertising -transportation facilities. How I Plan to Take Advantage of Competitors Weak Points The shortcomings of our competitors are as follows -slow motive to change product quality -price of product relatively higher than us -insufficient supply We plan to overcome their leadership with fresh new designs, artwork packaging and to provide at a lower price. SECTION 13: GROWTH PROGRAM Expansion Sources of financing :B ank and own capital Cash flow: Mushroom sale(cash inflow) Input purchase(cash outflow) Benefit package and policies: Those who are regular customer we sell the product to them at a lower price and sometime we will offer discount for product. Handling Major Problems Adverse conditions Response 1. Reduction in sales -sales promotion 2. Fall in price -reduce supply 3. Rise in input price -increase in output price How and where we reduce costs- -In advertising(in case of leaflet and postering ) -transportation cost will reduce when the company acquired goodwill to all kinds of customers. Business Plan Over the last five years our organization has seen significant change in technology. While this change has been beneficial to Community College and its employees, we have reached a point where we are challenged with the new features and functions of the College's standard software. In order for our employees to continue to serve student needs effectively and efficiently the Technology Training Project has been created.This project will create technology training sessions to allow for increased technology understanding and to grow employee confidence. Upon completion, this project will provide for a foundation that will allow our organization to address the probable changes in future technology. TRAINING STRATEGY All employees will have access to technology training opportunities.The Training Department will provide technology training through the following modes of delivery: Face to face sessions Online via the portal Downloaded material In order to provide these training opportuniti es the following resources are required: Training opportunities to keep the College trainer / Seems current Current and up to ate handout materials Access to current hardware and software technologies The following is a list of assumption and constraints for the Training & Development Business Plan. Please note that this list may be modified as the project and planning move forward.Assumptions: All employees have the minimum technology skills as defined by Human Resources All employees have access to the current technology in the form of software and hardware required by their position All employees are encouraged and allowed to articulate in training opportunities This project has the full support of all executive leadership Constraints Attendance will be dependent on employee schedules All new employees must attend new employee orientation modules All equipment and software must be compatible with current technology DELIVERABLES Sessions Method Resources Anticipated Date Technolog y Sneak Peeks* OFF Trainer Cot/Novo/Deck Beginning Innovate Technology Tuesdays Office – Email/Calendar 1 Page Tip Sheet Training Department Novo/Deck Thumb Drives Training Department/Lot Nodded Word 2013: Navigating the File Tab OFF/Videos Late Novo / Early Deck Word 2013: Solving the Mystery of Headers and Sections Word 2013: Understanding Track Changes – not for the Light Hearted Fondles Excel 2013: Using a Table to Filter and Sort Data Excel 2013: Basic Formulas Fondles Outlook 2013: Using Rules and Categories to Organize Outlook Fondles Outlook 2013: What to Expect from the Outlook 365 Interface Endnote 2013: One What? What exactly is Endnote? Core Technology Training Trainer / Book Intermediate Innovate WI Utilize a Workup Site Portal Essentials: Communicating with your Workup via the Portal OFF / VideosPortal Essentials: Create Alerts to Maintain Awareness of Office Happenings OFF / Videos Portal Essentials: Create and Maintain Document Libraries with Custom Vie ws OFF / Portal Essentials: Calendar Management OFF / Videos WI 14 Proper Document Storage Personally Identifiable Information * Will schedule times at departments meetings COMMUNICATION DELIVERABLES The Training Department will communicate training opportunities by utilizing the current approved communication methods: Announcements Workup Listserv Emails Downloaded Flyers Portal Website Department Invitations Sneak Peaks SESSION OUTCOMES Office 2013 – These sessions will provide users with the technical training necessary to: a. Create and modify documents (Word) b. Create and modify reports (Word) c. Create and modify spreadsheets (Excel) d. Create and modify presentations (Powering) e. Create and modify calendar items (Outlook) f. Create and modify emails (Outlook) g. Create and maintain a basic database (Access) h. Navigate the new features in Office 2013 I.Use Endnote to manage and capture information electronically (Endnote) Innovate – these sessions will provide users with the technical training necessary to: . Create basic forms b. Manage a form library c. Edit form library permissions d. Create basic workflow e. Export to Excel How to Utilize a Workup Site – these sessions will provide users with the technical training necessary to: a. Create Announcements b. Create Email Alerts c. Create Document Libraries d. Create Custom views e. Connect Workup Calendar to Outlook ASSESSMENT AND TRACKING The current Training Department Events database will be used for tracking participation. A new participation method will be incorporated when the Sharpening Business Plan The main reason to have the clothing business on Commerce is because it has the biggest potential to give a free rein to enormous savings and business efficiencies. However the practicalities remain indefinable. The commerce focus the way to handle the change in the global planning and purchasing of transport as well as it contribute to the supply chain as logistics. The key activator to E-business is defined as logistics. Well there comes a question how benefits are enabled to ensure individual logistics and transport companies or will it perish in the revolution of E- commerce.E-commerce is the electronic business. Though which clothing business can enter to the power of computers, the internet and shared software to deliver and et product specifications and drawings, buying orders and receipts, bids, and other they of information related to data that is required to be conversed to suppliers, the public, employees and most importantly with customers. Below written is the SOOT analy sis of Men and Women Clothing business at Jersey Shore Boardwalk (Edutainment, 2002).SOOT Analysts: Strength: 0 The huge advantage of the E-commerce clothing store will be Global location I. E. Boundary less 0 There will be no time constraints to it. 0 Biggest benefit is price and product comparison can be made easily. 0 It will be cost effective for the clothing store. 0 The clothing store can easily direct communicate with consumer and can improved customer interaction. Moreover an E-commerce site will allow the clothing store to have flexible target market segmentation. It will be simple and easier to exchange of details and information.You will have a lower transaction cost and not only this you can easily do arrangement of products. 0 Customers can experience faster buying procedure 0 Company don't require to have a physical set up 0 Transactions are made easily. 0 Availability of Niche products Furthermore an advantage of low operating cost. Weakness: 0 Security is a big conce rn for every customer if they are buying online for verification of their personal information like credit card and other related secured information. 0 There a chance of fake websites similar to our open and used our name. Chances of fraud 0 Customers have fewer discounts offered and no chance of bargaining is available. 0 It might take long delivery timing. 0 If the quality is not maintained by the company related to the physical condition of the clothing products will become the biggest disadvantage for the company. If you are selling limited products in the clothing category or limited styles might 0 Might have a more shipping cost. 0 Customers get limited exposure and you get limited excess to advertising. 0 Hard to fulfill customer's satisfaction (Swags & Simian, 2012).For tax issues and purposes a verified address and identity of the location is necessary. International tax laws may hurdle against certain encountered references with legal issues and problems related to the te chnology. 0 There is a big hurdle in making the 4. Thoroughly described 2 online crimes prevalent in e-commerce and what you would do to prevent these crimes. 1. Credit cards frauds These are the biggest of all crimes going around the e-commerce business. Preventive majors: 0 Using address verification system in order to prevent credit card fraud. Verify about any anonymous or suspicious email. 0 Need to know the purchaser IP address to follow up if any fraud is involved in the transaction. 0 Keep interaction with the customer and verify customer billing address and bank details related to the customer. 2. Blocking and Censorship: 0 Filters should be added to your website in order to stop blocking access to control it. 0 Security needs to be more effective in order to provide protection to the customers. It is very important that an e-commerce website should comply with the policy related to censorship and blocking to be followed accordingly.