Small business Program at SIUSmall business Program at SIU

Starting point:Starting point:

As entrepreneur we think to make something or create something individually. So, before

being entrepreneur we think we should perform to a small business. And finally we

make a plane for small business to be prepared. The main component and theme of

our small business was preparing to be an entrepreneur. We also think and seem that the success of our entrepreneurship is based on the

success of small business.

Shop nameShop name

The name of our shop is “SOBUJ BANGLA” this is an Bengali sentence which is selected as our small business organization.

Reasons for taking thisReasons for taking this

We select this name on the base of our Culture, History and location. Because we want to adjust our culture, location and History with our small business organization. And all of the products of our small business were also these concepts based. And one of these proofs is our banner. Follow this-

Products chooseProducts choose

Firstly we have to say that, all of our products were History, Culture and Location based which will be attractive for our business. And our selected product is given billow-

PricingPricing

Pricing is the process of determining what a company will receive in exchange for its product or service. Pricing factors are manufacturing cost, market place, competition, market condition, brand, and quality of product. Pricing is also a key variable in microeconomic price allocation theory.

After maintaining all the expenses we leveled our product price and we seem that we are one who sale their product at too much lowest price.

Source of fundSource of fund

The source of our funds individually from everybody’s family. For operating such a small business organization no need of so much investment to run. For our family it is possible to serve this lowest investment for such a small business.

Decoration and MaintenanceDecoration and Maintenance

• The decoration of our shop/stool was wonderful. We’ve decorated the shop by previous planning. And we have been thinking too much to decorate the shop. The main reason of this decoration is this is one kind of motivation by which one be can satisfied.

• The maintenance process was very powerful of our small by which decoration and maintenance has been completed successfully and our customer also satisfied to our maintenance and decoration.

Target customerTarget customer

Our target customer was the people who are loved by Country, History, Culture and location. As the name of our shop is “SOBUJ BANGLA” it must likely be proved. And most of our customer was of young generation. This was our strength and opportunity both.

SalesmanshipSalesmanship

In our experience, we are convinced that techniques and methods of sales are teachable to anyone who has the desire to learn. However there are natural skills that are of great benefit if they already exist within those that want to be successful in sales. Without these, success will take a longer time those but t can still be achieved. If there is no desire and dedication to learning or developing these skills, then the selling will be much more difficult and often very stressful.

PromotionPromotion

We have been promoted to our business. For three days business, we had been sold TK. 942/= first day, TK. 3366/= second day and TK.6614/= third day. By this it has been proved that, there has been promotion to our business. And it is the real statistical counting, for this the amount is so lowest.

Maintaining AccountingMaintaining Accounting

The maintenance of our accounting was very good. If someone views our accounting process he/she must thanked us.

Inventory managementInventory management

• The objective of inventory management is to provide uninterrupted production, sales, and/or service levels at the minimum cost. Since for many companies inventory is the largest item in the current assets category, inventory problems can and do contribute to losses or even business. Also called inventory control. See also inventory.

• And we haven’t beyond these concepts to our inventory management. Our management process was a perfect management process, which is really acceptable to a business organization-we seem.