Hand Made art Pieces

Final Project

[Hand Made art Pieces]

Submitted to: Amjad Hussain

UmamaManzoor L1F11MBAM2107Mahvish Imran L1F11MBAM2052Sidra Shaukat L1F11MBAM2135FaizaTanveer L1F11MBAM2119Submitted by:

Date of submission:28th, January, 2014

AcknowledgmentsBy starting with the name of Allah Almighty who is most beneficial and merciful, First of all I would like to say thanks to ALLAH who made this project successful at each step and showed his blessing till the final stage of this project.It is always challenging to perform the tasks like this which is assigned by our respectedAmjad Hussain. These types of tasks and activities enhance the skills and abilities of us and we can get the sufficient knowledge of Entrepreneurship that will help us in the future in our professional/practical field. We would like to express our gratitude towards our Amjad Hussain for giving us the opportunity to apply these Entrepreneurship concepts in opening new business and also in the real corporate world which also helped us in completion of our project.

DEDICATION

Dedicated to our Loving Parents, Brothers, respected teachers and Supporting Friends who always helped outIn times of woe and Distress& Taught us to follow the Path of Truth, Justice, Honesty and Sincerity.

Executive Summary

Few months back, two sisters FaizaTanveer and Khadija Tanveer when entered Kasre-e-Bahbood, have never thought that one day they will become one of the finest ArtificialJeweler Makers and be able to develop a supply chain of a unique and popular design of a wide range of product in a short span of time. They both worked together with a mission of developing companys own brand, identity and to retain competitive edge. The production ranges a variety of items keeping the need and fashion of the day e.g. jewelry, clutches, Pins, Brooches, Pendent etc.Now FLAMENCO ART STUDIO started working for the further expansion and promotion of this business. FLAMENCOis to be based on four main departments, led by respective line managers, Marketing, Supply chain, Production and Finances. Initial budget of our project is 10,000 each while their long term plan is to open outlets shops. Thecriteria for the location of the outlets are to attract the major users/consumers of the jewelry i.e. Woman and young girls. Due to rapid and uncontrolled hike in price of the gold at global level, it has been felt at all sections of the society to move to some alternate of the real gold products. Artificialjewelry of other low cost metals has become popular and its demand is also increasing day by day. Especially in major cities, artificialjewelry has been replaced relatively at a higher pace in view of rapid living, cultural values and security reasons. Regarding marketing, it is decided to share a part of the sales outlets at the initial stage with some of the leading business networks i.e. MODEL, HKB and PEARL Co.Some outlets are to run at their own, while use of FACE BOOK and other electronics Ads facilities made effective for the smooth marketing profile and future business targets.

ContentsAcknowledgments3DEDICATION4Executive Summary5Feasibility Analysis9Product Analysis9Target Market Feasibility9Organizational Feasibility10Financial Feasibility10The Company11Mission11Flamenco is committed to creating the finest handmade jewelry available.We execute your imagination by providing you with your desired customized handmade jewelry.11Vision11Objective11Company Ownership12We are four partner of a business and we equally contribute 10,000 of each member12Start-up Summary12Products Range13Target Consumer13Galleries13Customers14Marketing plan14Product:14Place:14Price:14Promotion:14SWOT Analysis15Strengths15Weaknesses15Opportunities15Threats15COMPETION16Competitors16Marketing objectives & goals16The Competitive Profile Matrix (CPM)17Porter five forces model18Low cost leadership18Threat of new entrants18Bargaining power of buyers18Bargaining power of suppliers18Threat of substitute products18Marketing strategy18Action programs18Budgets & controls19Competitive Edge19Business Model19Market Needs21Selection21Accessibility21Customer service21Competitive pricing22Identification of Costs22Variable Costs22Fixed Costs22Market Demand22Nature of demand curve23The Market Structure23Reasons for Monopolistic/Imperfect Competition in Jewelry Market23A fairly large number of sellers23Differentiation in products23Advertisement24Another very important characteristic of the monopolistic competition is that each firm tries to create difference in its product from the other by advertising through Art galleries, websites, flayers, banners and through attractive packing, etc When it succeeds in its object, the firm occupies almost the position of a monopolist. It is, thus, in a position to raise-the price of the product without losing its customers.24Freedom of entry and exit of firms24Non-price competition24Practicality concept24Cost benefit analysis25MarketComparison25Future Forecast25Conclusion27Appendixes27Working28Start-up Summary28Raw material:29Floor plan30Design32Logo for our business37

Feasibility Analysis Feasibility analysis is the process of determining if a business idea is viable or not. Its a way of checking whether your business can succeed in the long run and the phases through your new business have to pass.Product AnalysisWe have chosen to produce handmade jewelry. We have seen the market trends these days and preference of customers towards handmade jewelry. Nowa daysgold jewelry is not suitable to wear because of thefts and snatching and gold prices are rising with each passing day so it is very difficult for a common person to buy it. With such fears they are just kept inside of bank lockers to keep them safe that is the main reason we found this gap in the market and we come up with an idea of handmade jewelry. We are not offering only handmade jewelry but imitated jewelry as well. Girls usually want something to wear matching with their dresses thats why we are making jewelry of vibrant colors that can be carried with both looks whether eastern or western look mostly we are focusing on traditional designs of jewelry. Girls were not wearing jewelry owing to its huge size and some of them are metal allergic we have solved this issue we are using fancy stuff along with beads, laces, ribbons and fancy thread with plastic supporting. Such trends are in market moreover we have asked few customers in the market who regularly buy jewelry that what would they like to wear heavy jewelry or something that looks like the heavy jewelry but actually its way lighter than the heavy jewelry so the response was in our favor they want something that is trendy and up to date. We have also seen the demand of our product because if there isnt any demand for the product then all our efforts will go to vain because when a customer buy jewelry they arent buying jewelry in fact they are buying a whole experience of the entire range of the designer behind it. Target Market FeasibilityIndustry for imitated and handmade jewelry is growing so rapidly over the last year. Gold is getting out of range these days people are shifting towards substitutes. Every girl wants to look versatile in its own way. Our target audience will be girls 12 to 22 years of age even working class women can also wear our collection once we will be in market we will also start a collection for girls of 5-9 years of age.Organizational FeasibilityWe have designed our jewelry on our own and they are quite unique in their own way. Currently at this stage of idea it is decided that all the partners will help in managing the resources that are needed by us. We have talked with various people we will sell our products to different malls preliminary we are going to sell our products to H.K.B, MODEL CO, and REAL BEAUTYPEARL CO side by side we will also sell them on stalls at the exhibition we are also going to provide the facility to customers that they can demand the jewelry on order to facilitate them in matching with their clothes we have also developed a page on social network to introduce our products to our customers they can also call or leave their queries on whtsapp. Financial FeasibilityThis business is financially feasible because capital is less required to start up business at this small scale initially we are putting around 7 thousand to start up. Material and supporting stuff such as ribbons fancy beads will e bought only in huge quantity once they are bought it can be used to produce them in a sufficientamount. It will cover its cost even when few units are sold to above mentioned retailers. But they key to success in this field is that know the preferences of your targeted audience make up things that meets their requirements try to fulfill the gaps in your field competition is so intense in this industry because there are lots of other people doing this same business because of its low startup cost to keep in this industry we will come up with unique stuff to keep alive the spirit of competition because if you are meeting the demands of your customers they will be overwhelmed. By looking at each and every perspective we found our self-suitable for the proposed business and there are chances of growth as well.

From this analysis we have come to know that this business is feasible and now the details of the business is as follow

The CompanyTwo sisters FaizaTanveer and Khadija Tanveer when entered Kasre-e-Bahbood, have never thought that one day they will become one of the finest ArtificialJeweler Makers. Now both of them created Flamenco Art Studio which is located in Mughalpura Lahore having a large range of artificial handmade items. Flamenco Jewelry has a wide range of jewelry offerings, from pendants, to pins, to earnings.The business is totallybased on home base concept. Flamenco sells the product direct through his website as well as through selected Suppliers, galleries and art shows. MissionFlamenco is committed to creating the finest handmade jewelry available.We execute your imagination by providing you with your desired customized handmade jewelry.

VisionFlamenco vision is to make innovative art pieces in handmade jewelry. Our services will exceed the expectations of our customers ObjectiveThe objectives for the first five years of operation include:

To create a jewelry manufacturing company whose primary goal is to exceed customer's expectations The utilization ofContemporary's designs in at least 20 different galleries To increase the sale by 7% every year To increase the number of designs offered by 8% per year To develop a profitable/sustainable home-based company

Company OwnershipFlamenco is aco-partnership, owned by faiza, sidra, umama and shakeel. The advantage of corporation generally it is easy to establish and start-up costs is low.

Flamenco will be completely financed by 4 partners named

FaizaTanveer (Manufacturing Manager) UmamaManzoor (designer) Sidra shaukat (Marketing Manager) Mahvish Imran (Fiance Manager) We are four partner of a business and we equally contribute 10,000 of each memberStart-up SummaryFlamenco start-up costs will include the following equipment for the home-based business:

Legal feesRs.1,000 Website creation fees Rs.2,500 Home office furniture including desk, file cabinet, chairs Rs.1,000 Computer including printer, CD-RW Rs.7,000 DSL hookupRs.2,000 Extra land phone line Rs.1,500 Cutting toolsRs.45,00 Raw materials (Ribbons, Laces, Cotton Balls, Artificial Flowers, Beads, and Fancy Thread with Plastic Supporting.) Rs.11,400 Anodizing equipmentRs.2,000Total Rs.32, 900

Products Range.All of the products are designed and made by UmamaManzoor and FiazaTanveer respectively. The product range given for our product is as follow:

Bangles Rings Earrings Brooches Necklaces Mehndi accessories Kolhapuris Hair accessories Anklet Target ConsumerFlamenco will be focusing on two distinct groups of customers. One is the end consumer, as we all know industry for imitated and handmade jewelry is growing so rapidly over the last year. Gold is getting out of range these days people are shifting towards substitutes. Every girl wants to look versatile in its own way. Our target audience will be girls 12 to 22 years of age even working class women can also wear our collection once we will be in market we will also start a collection for girls of 5-9 years of age. The other is galleries, to be used as a distribution channel. The end consumer will be interacting with Flamenco via his website as well as through personal contact at exhibitions/shows. The galleries (museum shops, jewelry stores) will also be met through the exhibitions and shows. Galleries These buyers are purchasingjewelry wholesale inquantity and reselling it to the public. Some of the galleries are private galleries, some are artisan jewelry shops, some are museum stores, like the pearl continental exhibition and Alhamra Art Store. The margins are not as good compared to sales to individuals and there is also the expense of setting up relationships with the galleries to sell the art pieces, but galleries move a large quantity of work. The galleries and storesthat typically are interested in Contemporary's work are more upscale and modern. They appeal to a crowd that favors progressive or industrial design.

Customers These buyers are familiar with Flamenco Jewelry either from stumbling across the website. The individual would then view the different available pieces on the website and place the order via the Web, phone, fax, or mail. The margins for customer sales are greater because there is not a distribution layer involved; it is direct from Flamenco to the end consumer. The individuals that are typically attracted to this type of art work are generally from cities and are fairly progressive. The reason for this is that the jewelry, while not flashy, is not all that conservative looking. They are intricate pieces, typically using organic shapes and industrial design. This is the reason that more progressive people will appreciate the Flamenco pieces.Marketing planProduct: Flamenco Art Studio is a handmade business of all the handmade items that includes wide range of handmade accessories for women, handmade bangles. Rings, earrings,Brooches, Necklaces, Mehndi accessories, Kolhapuris, Hair accessories and AnkletetcPlace: Right now we have launched our handmade products in Lahore, but in future we will launch our product 3 big cities Karachi, Sialkot and Islamabad. We will also make our handmade products available outside the Pakistan through online sale.

Price: We will adopt penetration marketing strategy for our handmade product range. The prices for each product will vary according to the design adapted.

Promotion: We will promote our handmade business through website, radio and through print media (pamphlet, brochures). We already have a facebook page with more than 700 likes and promoting our handmade products through flmancoartstudio/facebook.com

SWOT AnalysisThe following SWOT analysis captures the key strengths and weaknesses within the company, and describes the opportunities and threats facing Flamenco Art Co.Strengths Unique designs and construction methods. Strong relationships with suppliers as well as galleries. The flexibility to provide custom pieces. A comprehensive distribution network from a robust website and a network of galleries.Weaknesses A large portion of the target market that is unaware of Flamenco Art Co. Limited time and budget to market the company to the segmented target population. The struggle to constantly create new designs. The possible inability to meet demand due to the small size of the company. Not developed brand

Opportunities A growing market that, to a large degree, is unaware of Flamenco Art Co. The possibility to grow the size of the company so Umama is spending his time creating and allowing others to deal with the administrative details. The injection of fresh, creative designs in a somewhat stagnant industry. Increasing brand recognition by development of social networkThreats A decrease of availability of raw materials due to demand from other industries. Artistic copycats that enter the market andmimic Umamas designs. A slowdown of the economy that will have a reduction on individual's discretionary income.

COMPETIONCompetition for Flamenco takes the following forms:

Artists creating designs that are then manufactured on a large scale and distributed nationally. Companies that has their own designers in-house. In this case everything is done in-house, design, marketing and wholesaling. Artists such as UmamaManzoor who design and make all of the pieces themselves, and then do the wholesaling or retailing themselves.Competitors

Haroons, Milli, Rangjha are the direct competitors of our business.

Marketing objectives & goalsThe goals and objectives of flamenco include: To establish a brand name of Flamenco Art Studio. To give awareness about handmade accessories and decorative to the people. To create a jewelry manufacturing company whose primary goal is to exceed customer's expectations To increase the number of designs to achieve high attention of the customers. To provide opportunity for women as a source of earning at home. To develop a profitable/sustainable home based company. To contribute in the changing trends towards handmade jewelry.

The Competitive Profile Matrix (CPM)The Competitive Profile Matrix (CPM) identifies major competitors and its particular strengths and weaknesses. In CPM include critical success factors both internal and external issue. In CPM rating refers to strengths and weakness. In CPM rating is 1 to 4, where 4 represent is major strength, 3 represent is minor strength, 2 represent is minor weakness, and 1 represent is major weakness. CPM rating and analysis provides important internal strategic information.Competitive Profile Matrix (CPM)

Critical Success Factors WeightsRatingScoreRatingScoreRatingScore

Creativeness0.1540.6040.6010.60

Product Quality0.1040.430.3020.20

Unique Design0.1530.4530.4520.30

Customer Service0.1030.3020.2010.10

Skills0.1030.3030.3010.10

Product Varity0.1030.3030.3020.20

Consumer Demands0.1530.4530.4520.90

Management0.0730.2130.4920.14

Total

1.003.013.092.54

Porter five forces modelLow cost leadershipWe are gaining this advantage by using the scrap and transforming it into useful material once scrap which includes wires ribbons beeds and fancy material is left out of the order that we are done with rather than throwing it away we make jewelry out of it and sell it to the people who like those designs thats how we are gaining the advantage of low cost leadership.Threat of new entrantsThreat of new entrants is relatively high as china is also making handmade jewelry and they are trying to penetrate this market by providing those designs Chinese designs can be easily imitated but our designs are relatively difficult to imitate. There is also difference in our qualityPlus this business doesnt require much cash to start up so entry barriers are not high.Bargaining power of buyersBargaining power is low as fleminco isnt a recognized brand yet its in it development stages much people arent aware of this thats why we believe bargaining power is low.Bargaining power of suppliersBargaining power of suppliers is relatively low as we have three suppliers and can get more suppliers if required, who can provide us with raw material. Threat of substitute productsThreat of substitute product is low as we consider gold and we are replacing it so threat is low.

Marketing strategyWe will adopt penetration marketing strategy for our handmade product range.Action programsAs we are at the beginning stage of our business so we have adopted penetration marketing strategy to grab the attention of customers & we will control our cost for the implementation of this strategy.As at this stage we are making our handmade products by our self so it will helpful in controlling cost but in future we will launch it on a large scale so we will hire more labor to meet the requirement hence, we will increase the prices according to the demand of our handmade products.

Budgets & controlsWe have a budget of approximately Rs 40,000. As we are at the initial stage of our business but in future we will increase it according to the increase in sales and revenues. We will control our cost as we are not hiring any individual to market our product we will promote our products by ourselves at this initial stage. As we will use radio, brochures, pamphlets &facebook page etc for the marketing that are not very expensive means of advertisement.Competitive Edge

Flamenco competitive edgeis fairly simple. It is based on creative, unusual designs. While this strategy can be replicated, it is not easy. Creative, unusual designs require skills. While not everyone has artistic skill, Umama is certainly not the only one graced with this skill. Regardless, Umama is very skilled in what she does, and every piece that she manufactures incorporates an element of creative, unusual, eye catching design that stands out from most jewelry.Business ModelSometimes the process which company performs becomes very important not only for company but also for the customers because customers really want to know how the product came into being. So what we did is, we selected 6 step business model, which starts from getting raw material from supplier and ends up at product in hand of customers. The detail of the business model is as follow:

Product in hand of customers

In the first step of getting raw material from suppliers, we will get our raw material from Shalmi market and 3 suppliers in the market are Ahmad laces center, Abu Bakar mote center and Arooj plastics and glues. We almost get all our raw material from them including ribbons, laces, cotton balls, artificial flowers, beads, and fancy thread with plastic supporting. Then after this step we will get design from our design department, being headed by UmamaManzoor, who is our professional designer and help us in providing unique and diverse range of design to the customers. These designs are then being forwarded to the manufacturing department; head of this department is FaizaTanveer. The onward step till final touches to the product is done in this department. FaizaTanveer will firstly finalize the designs of the design department and then she will implement those designs with help of labor. She is responsible for this department and department include 17 labors. The labor in this department is almost being paid according to the product they manufacture. We basically pay Rs.70 per dozen to the labor. In a single day 700 products are almost made. After manufacturing all products we will do final touches to the product and FaizaTanveer, being a head of this department will see all these activity to assure the quality because we believe in delivering the best to our customers. In the step of final touches, the product is keenly observed and tags are attached to the products, which contains labeling, warnings and price tags. In the last the product will be forwarded to the shops and will be in the hands of the customers. The two other departments Finance and marketing are being headed by Muhammad Shakeel and Sidra shaukat. Market Needs

Flamenco is providing its customers with innovative, creative, handmade jewelry. It will provide the following benefits to their customers: Selection:A wide range ofjewelry styles, creations, and anodizing schemes. Accessibility: Flamenco design sells direct to the consumer, through a network of art/jewelry galleries, and at art fairs and shows.

Customer service:The patron will be impressed with the level of attention and service that they receive. This level of service occurs during all transactions with Flamenco designs from answering questions, to order taking, to warranty repairs. Competitive pricing:The pricing structure provides the consumer with a good value for handmade jewelry and the craftsmen with a fair profit.Identification of CostsFor the running of business the costs are firstly indentified and there are two type of costs which are fixed and variable costs the details are as follows.Variable CostsVariable costs rise and fall with sales. They include materials and labor. When you make the jewelry yourself, you should count the cost of your production laborbecause it has valuewhen you need to expand your business.

Fixed CostsFixed costs include rent, furniture. These costs remain relatively stable, even when sales fluctuate. Other fixed costs might include marketing expenses such as advertising.

*(Details given in Appendixes)Market DemandThe demand of the jewelry product is elastic

When Demand is Elastic, price has a large impact on the demand for jewelrys. This is generally true for Jewelry, as they are not required to exist.

Price elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in price. For handmade jewelry, the change in quantity demanded exceeds the change in price, therefore, its elasticity is larger than one and the product is deemed to be elastic.Nature of demand curveSince the existence of close substitutes limits themonopolypower, the demand curve faced by a monopolistically competitive firm is fairly elastic. The precise degree of elasticity will however, depend upon the number of firms in the group product or industry. If the number of firms is fairly large and the product of each firmis not very similar, the demand curve of a firm will be quite elastic. In case, there is close competition among the rival firms for the sale of similar products, the demand curve of a firm will be less elastic.

The Market StructureMonopolistic competition is a market situation in which there are relatively large numbers of small firms which produce or sell similar but not identical commodities to the customers.There are many other firms in the market which sell similar products (not identical) with different brand names. The firm supplying jewelry enjoys a monopoly position over the sale of its own product. It also faces competition from firms selling similar products.Reasons for Monopolistic/Imperfect Competition in Jewelry Market

The maincharacteristic or features of monopolistic competitionare as under:

A fairly large number of sellersIn jewelry the number of firms inmonopolistic competitionis fairly large. Each firm produces or sells a close substitute for the product of other firms in the product group or industry.

Differentiation in productsUnder monopolistic competition, the firms sell differentiated products. Product differentiation may be real or imaginary.

Real differentiation is done through differences in the materials used, design, color etc. Imaginary differences may be created through advertisement, brand name, trademarks etc. AdvertisementAnother very important characteristic of the monopolistic competition is that each firm tries to create difference in its product from the other by advertising through Art galleries, websites, flayers, banners and through attractive packing, etc When it succeeds in its object, the firm occupies almost the position of a monopolist. It is, thus, in a position to raise-the price of the product without losing its customers.

Freedom of entry and exit of firmsThe entry of new firms in the monopolistically competition industry is relatively easy. There are no barriers of the new firm to enter the product group or leave the industry in the long run.

Non-price competitionIn monopolistic competition, the firms make every effort to win over the customers. Other than price cutting, the firms may offer after sale service, a gift scheme, discount not declared in the price list etc.Practicality conceptWe have chosen to produce handmade jewelry. We have seen the market trends these days and preference of customers towards handmade jewelry. Nowdays gold jewelry is not suitable to wear because of thefts and snatching and gold prices are rising with each passing day so it is very difficult for a common person to buy it. With such fears they are just kept inside of bank lockers to keep them safe that is the main reason we found this gap in the market and we come up with an idea of handmade jewelry. We are not offering only handmade jewelry but imitated jewelry as well. Girls usually want something to wear matching with their dresses thats why we are making jewelry of vibrant colors that can be carried with both looks whether eastern or western look mostly we are focusing on traditional designs of jewelry. Girls were not wearing jewelry owing to its huge size and some of them are metal allergic we have solved this issue we are using fancy stuff along with beads, laces, ribbons and fancy thread with plastic supporting. Such trends are in market moreover we have asked few customers in the market who regularly buy jewelry that what would they like to wear heavy jewelry or something that looks like the heavy jewelry but actually its way lighter than the heavy jewelry so the response was in our favor they want something that is trendy and upto date. We have also seen the demand of our product because if there isnt any demand for the product then all our efforts will go to vain because when a customer buy jewelry they arent buying jewelry in fact they are buying a whole experience of the entire range of the designer behind it. Its a small scale business, it give us a sufficient profit within small investment.

Cost benefit analysisIt is define in the above income statement that our sales of projected five years are increasing continuously and net income shows that profit is increasing with 45% in 2nd year, 47% in 3rd year, and this rate increase from5-7% every year.The maximum increases in our sales are 85% and gives a positive response and image to our company day by day. MarketComparison Being Flamenco Owners we are providing best quality with unique designs to our customers which are totally customized handmade items. All these designs are properly sketched and then given to manufacturing department. As compare to our competitors we provide reasonable price and add value-added services which value to our customers. We are giving replacement option and further provide low cost products with the help of waste material to wholesalers. We also accept all the urgent orders and give on time delivery. Art Gallery Shows is also one of a reason for a better sale. We have a home base business that makes us different from others in a case of cost.Future ForecastThe analyses of market scale, market competition status, import and export situation, business performance of key enterprises is a forecast of future jewelry industry. With the diversification of jewelry consumption, the jewelry market is constantly divided into more market segments, the brands are enriched, and the intrinsic quality is also improved. Under the impact of the international financial crisis and the downward pressure from the domestic economy, in 2012, the growth of Pakistans jewelry industry slowed down, but still maintained a good development trend.Growing up in the market is a basic vision for a company. Same is a case with us; we also planned for achieving those targets. Firstly we will expand our business by moving with an increase in the product number e.g. from 700 to 1700 a day in the first year and for this we need more labors and then keep on expanding with the need by launching in Karachi and Islamabad. In the future we also are planning to have a shop in Lahore in the first year and then 4 shops in the next 2 years.

Conclusion Handmade items specially Jewelry is always appreciated by the young girls and women After through research and applying the different strategies and economics concepts we have a strong intuition that our business will be profitable and long lasting in the market. The main objective is to providing value to our customers better than our competitors and we are doing this by making our product feasible to approach and easy to carry we have also focused on quality and price is also reasonable. Now a days gold is quite expensive most of the people cant afford it. So here is best suitable alternative of this to have a artificial unique and trendy jewelry for the young girls and women.

Appendixes

WorkingStart-up SummaryFlamenco start-up costs will include the following equipment for the home-based business:

Legal feesRs.1,000 Website creation feesRs.2,500 Home office furniture including desk, file cabinet, chairsRs.1,000 Computer including printer, CD-RWRs.7,000 DSL hookupRs.2,000 Extra land phone lineRs.1,500 Cutting toolsRs.45,00 Raw materials (Ribbons, Laces, Cotton Balls, Artificial Flowers, Beads, and Fancy Thread with Plastic Supporting.)Rs.11,400 Anodizing equipmentRs.2,000Total Rs.32, 900

Raw material: BeadsRs.500 BailsRs.750Bead capsRs.250Ring baseRs.1500Brooch backsRs.300Cages and conesRs.350HeadpinsRs.400Ear wiresRs.250Jump ringsRs.650Ends and tipsRs.400Chokers and banglesRs.700LacesRs.1100CottonRs.800BallsRs.550Artificial flowersRs.1400ThreadRs.600Plastic supportingRs.900Total Rs.11, 400

Floor planThe business is home base so the floor plan is as follow:

Entrance Store Room

Designing Department Marketing Department

Manufacturing Department Finance Department

Packaging room WashroomDesign

Logo for our business