Assignment on Business Plan for BD tech in BangladeshCourse Code: BUS-304

Course Title: Entrepreneurship Development

Submitted to:Shah Alam Kabir Pramanik

Lecturer

Department of Bachelor of Business Administration

Daffodil International University

Submitted by:Md. Shafin Islam

ID: 141-11-139

Department of Bachelor of Business Administration

Faculty of Business and Economics

Date of Submission: 8/12/2015 Page: 1 of

BD tech

Here to change

ACKNOWLEDGEMENT

I am extremely indebted for the support provided to me by my mentor, family andfriends. In this regard I would like to thank them for giving the required support, motivation and guidance at each step of the work. Furthermore, I would also like to

thank Shah Alam Kabir Pramanik sir who helped and given full support to write this

dissertation and to create this plan.

Table of Content

1.Introduction…………………………………………………………………………………………………………………….

2.Executive Summary………………………………………………………………………………………………………...

3.The business concept……..…………………………………………………………...………………………………….

4. Description of the business idea……………………………………………………………………………………..

5.Target customer……………………………………………………………………………………………………………….

6.Supply chain…………………………………………………………………………………………………………………….

7.E-Commerce ……………………………………………………………………………………………………………………

8.Vision……………………………………………………………………………………………………………………………….

9.Mission…………………………………………………………………………………………………………………………….

10.Start-up summary…………………………………………………………………………………………………………..

11.Production Plan………………………………………………………………………………………………………………

12. Marketing Plan………………………………………………………………………………………………………………

13.Organizational plan…………………………………………………………………………………………………………

14.Financial Plan………………………………………………………………………………………………………………….

15.SWOT analysis…………………………………………………………………………………………………………………

16.Summary………………………………………………………………………………………………………………………….

INTRODUCTION

The business plan is basically designed to establish a new company as anentrepreneur. In this regard, it is required that a detailed business proposal plan is made to analyze the possibility in upcoming future. Hence, company plan can be defined as a proper outline of vision undertaken by businessman followed by narration of operations and strategies that are to be taken to complete the venture.

Thus, creation of a detailed business plan helps to offset the cost factors. It thus enables the owners and managers of company to give a thought about industry broadly. It also helps to discuss the business objectives to employees and lays path for future decision making.

Moreover, it is beneficial if an entrepreneur accepts the making of business plan as there is a requirement to take advices from professionals, consultants and others to achieve success.

The process helps in considering all the opportunities and risk that are associated with the business proposal which provides a guideline for fruitful

decision making. A good business suggestion also aids in process of good investment making. Thus the present scheme has been drafted for BD Tech courier services who wish to start its operations in Bangladesh.

EXECUTIVE SUMMARY

It is basically a innovative business plan created with an intention to establish a newbusiness venture as an entrepreneur. Every business requires a detailed business proposal. The business plan has been designed in order to offset the costs. It is thus an expression of the mission and vision along with description with respect to operations and strategy to be followed.

It thus helps the top management to think about future prospects of business and make decision for the same justification of business idea along with chosen aims and objectives for business. It is basically an account about background of study. The plan deals with business concept and deals with detailed business picture in terms of innovation or invention. Other than this mission, vision, positioning and growth anticipation will also be studied. Next

part deals with Feasibility aspect related to organization and financing. This will help to formulate a new business model.

In the fourth section business model development will be done to capture essentials in order to get clarity on various aspects like core strategy, resource requirements and core competencies of business. In the business development plan there is a blueprint as to how the firm intends to function. In the last section, viability aspect of proposed plan will be analyzed. This will help to find out whether to go ahead with the proposed business plan or not.

The Business Concept

Concept of business is an idea covering basic information like the product orservice specifications, the target customer profile along with a unique sellingproposition delivering competitive advantages to a company. Under business concept, an entirely new product or services can be defined as an invention in the business line or simply a novel approach to servicing with some innovations. Innovations can be in the form of novelty in international courier service provider in Bangladesh.

Now a days we called our country as “Digital Bangladesh” but we are not properly digitized. The main thing which made a country digital is electronics. The backbone of electronics is electric circuit board. But unfortunately we don’t have any electric circuit board manufacture company. We import circuit boards from many foreign countries but we can’t get any accurate model which we demand. As a reason we unable to create a new device like other developed country.

I saw many expert people in Jinjira in Dhaka who can make a circuit board but they can’t produce commercially. They can also embassed any devise on circuit board.

Moreover we have many circuit designers in many universities who are having there major in circuit. But a very little platform of work for them in our country. So after graduation they leave our country and work abroad meritoriously.

Description of the business idea

The proposed business intends to establish an innovative circuit board manufacture company. This firm will be named as BD Tech. We produce circuit board with many casual and different circuit boards as our client demanded. At first we produce some board which are import from foreign country. We also produce other circuit boards for lights, calculator, IPS, mobile phones circuit board, switch circuit board and many others which are used in our daily life.

Target customers

Our main target customers are mechanical persons and universities students who deal with electronics. We analyses their demand and produce our product as they want.We also collect many new ideas from them and work with that.We have R&D section for improve our products features.

Supply chain

Under this service, BD Tech will look for business contracts with different corporate to assist them in domestic as well as international transactions. This service will aim at offering a flawless supply chain function in the customer organization. Under this both the physical delivery as well as legal formalities will be taken care by BD Tech on behalf of the customer. Supply chain solution division will offer an integrated service to businesses across different industries. All formats of services including flexible point-to-point distribution, complex end-to-end integrated logistics or supply chain management services, BD Tech will offer with great effectiveness and reliability to match the customer requisites. By solution to critical operational constraints, much better working capital, and reforming business processes, BD Tech will deliver product with sustainable competitive advantages.

E-Commerce

E-commerce is the most popular among the end users of the products and services these days. It has changed the entire game of the way businesses trade, package and ship the consumer goods. As a result, more pressure has been exerted to assure the fulfillment of customer orders. The only small link in the process is the last-mile logistics. This aids in brand value creation for the businesses. BD Tech is going to present a speedy, last mile home-delivery solution to complement the e-business of different players in Bangladesh. This would be largely done with a specialized division, nominated staff and a nationwide network.Vision

The vision statement of BD Tech is as follows: “BD Tech intends to become the first choice for circuit board manufacturer among the business as well as individual customers and corporate customers providing our product as dependable and reliable way.”

Mission

“Mission of BD Tech is to offer innovative and remarkable circuit board to the consumers on business houses as well as e-commerce customers. Business clients will be served by the large size business agreements both domestic and international trades whereas the individual customers will be served domestically.”

Start-up summary

At first we open a little workshop near at BUET. That will our head office and distribution center. After this if we increase our capital we will also open other workshop in Jinjera. We will also have some distribution center where electronic workers or students get together such as Tongi, Rahaterpool in Ctg and some engineering institute such as Polytechnic, CUET,RUET, KUET etc.We also have a website where we describe all of our products where our consumer can easily order our products.

Production Plan

At first we produce a little amount of product for analyzing the market. If we success at this step then we produce large amount of demandable product and casual product. We need some raw-materials for producing our product. Those are:

Ferric Chloride

copper sheets laser printer water Mini drill machine

Production process:

First we print our circuit design indirectly to our board, we print it on a glossy paper, photo paper or magazine paper. Before we print we should use a laser printer or a photocopying machine, using of inkjet printer will not work. After we had printed our circuit board design we will iron the printed design over the copper side of the PCB, ironing it above the copper side of the board will transfer the ink, from the glossy paper to the PCB board. The ink serves as the protective layer to cover the copper part that shouldn't be etched. Then after transferring the ink to the PCB board we will have to dip the PCB board to a etching solution like Ferric Chloride for 15 minutes. After etching it we might have to rinse the PCB board with water to remove the etching solution. After rinsing it we should remove the remaining ink with thinner, to uncover the uneched copper part. After removing the ink we will need to dill holes for our components to be soldered on the board. And last but not least just solder our components of our customized board .

Management Plan

1. Introduce the key management team members when creating a management proposal.

Present each member's qualifications and experience. Include board members, investors, key employees and entrepreneurs. Layout the background of these members, along with their characteristics, and how each of them will contribute to the success of the business.

2. Establish the organization of the management team.

Determine the style of administration and how the company will be run. Layout the policies regarding the decision making process and the chain of command.

3. Describe the hiring process.

Explain the basis on which new employees will be hired. Include the training process and any incentive or reward programs you have implemented. A description of the company's benefits program can also be added.

4. List the various guides and advisors that you will be relying on for business advice.

These are the people that i may contract for marketing, personnel and financial knowledge and insight. Having advisors readily available strengthens your expertise and knowledge base and increases my credibility as a serious business.

Marketing Plan

SignificanceProject monthly sales for my business during the first year, the Small Business Administration advises. Make quarterly projections for my second and third years. Besides revenue projections, factor all business expenses such as labor and production costs. Subtract expenses from my anticipated revenue to derive annual profit estimates. Calculating my profit will better help me determine when my company will break even.

IdentificationInclude a detailed competitive analysis as part of my business-plan marketing strategy. Order secondary research information on my competition and industry. Secondary research information will help me determine the market share and business strategies of key competitors. Market share is the percentage of total sales a competitor earns in an industry. Conduct a SWOT (strengths, weaknesses, opportunities, threats) analysis for my company. Write down strengths and weaknesses of various competitors and compare them to my own company's strengths and weaknesses. Look for opportunities where i can take advantage of my strengths.

FeaturesAnother important aspect of my business-plan marketing strategy is personnel. Determine in advance what type of marketing employees i will need to hire.

FunctionThe crux of my business-plan marketing strategy should be focused on sales and advertising. Determine where and how to disperse my sales team. Additionally, establish an advertising budget for my company. Decide which types of advertising media i will use to market my products, such as direct mail or radio advertising. Allocate a certain percentage of my budget to each specific advertising media.

Organizational plan

Workforce Development PlanningWorkforce development is all about creating a diverse, high-performance workforce made up of loyal and satisfied employees. High-performance organizations do not develop by chance; rather, a competitive workforce is the result of years of effective planning and successful plan implementation.

Product PlanningThe goal in product planning is to create a more appealing product mix than your competitors'. Product planning is a function of the marketing, finance and operations departments. The marketing department is responsible for discovering what targets customers want and need. The operations department is responsible for providing input on how best to design and manufacture products; the accounting department provides guidance on how to keep costs low and sets the ideal prices.

Expansion PlansSmall businesses have a range of options available to keep their companies growing. Marketing can be a major growth driver for new businesses without an established reputation, for example. As another example, licensing can allow a small company's products to reach national or international distribution quickly through established distribution channels. Merging with other small companies or seeking to be acquired by a larger company can boost a company's size and market share quickly, as another example.

Financial Planning

Companies engage in financial planning activities the same as individuals and households. Companies make plans to manage debt and utilize their profit in the most productive manner. Savvy businesses never let cash sit idle; instead, they always put free cash to use earning a return or investing in the company's future. Business owners can draft their own financial plans or turn to experienced professionals to maximize the value of financial holdings.Making plans to spend allocated profit in the most productive way is an example of financial planning in business. Investing in government bonds to earn capital gains with otherwise idle cash is another example of financial planning in our business.

SWOT Analysis of BD Tech

It is very essential to focus on specific strengths, weaknesses along with externalopportunities and threats from the outer circumstances so as to achieve competitive advantage. SWOT analysis of BD Tech is given below:

Strengths:

1. Innovative business services.

2. Proper market research and planning.

3. Increase in Bangladesh exports.

4. Sound and peaceful domesticenvironment.

5. Sound governmental policies.

Weaknesses:

1. Highly dependent on foreign product.

2. High dependence on the growth of exportin the country.

3. Sensitive to the government laws andregulations.

4. Lack of raw materials.

Threats:

1. Competition from global firms.

2. Issues related to licensing and permit.

3.Competition with national importer.

4. Require investment for start up.

Opportunities:

1.There is not any industry in our country like us.

2. Proper access to consumers.

3. Good networking with prospective clients.

4.High profit from this business.

Summary

After this study we can easily identify a new sector of business. If we can start this business we can enter a new era of science ant technologies.

It will reduce the import of electronic product and we can also export and a good amount of foreign remittance.

Moreover many business will rise beyond of this business. Unemployment problem will reduce and we will be effective digitalize.

Success is come from a little step. So I think this plan will be a perfect step for challenge the digital world.