Final

Project Report

Entrepreneurship
Submitted to: Sir Umar Chaudhary Submitted by: Aqib javed Muhammad Neem Sabbar Shoukat Sami Ur Rehman Hamza Fareed Class: BBA- 6 (B) Date: 23rd December, 2013

Introductory Page Name and address of business

Name: Safe Tech Address: G-10 Islamabad

Name(s) and address (es) of Principal(s)

We all are students of BBA coming from different background but same vision that is of becoming Entrepreneurs and giving back to the society in a different way that will differentiate us from others. 1. Aqib Javed Address: G-9/4, Islambad Education: BBA (Hons) Majors: Finance 2. Muhammad Naeem Address: British Homes, Islamabad Education: BBA (Hons) Majors: Finance 3. Sabbar Shoukat Address: Fateh Jang, Attock Education: BBA (Hons) Majors: Marketing 4. Sami Ur Rehman Address: Rawalpindi Education: BBA (Hons) Majors: Marketing 5. Hamza Fareed Address: Rawalpindi Education: BBA (Hons) Majors: Marketing

Nature Of Business:
Safe Tech is a security and surveillance company which will provide its customers a better and d affordable security and surveillance products to their doorstep and will provide them services as well. Safe Tech will also provide along range of products to the customers. Basically Safe Tech is not a manufacturer instead it is a distributor of these kind of products who have a wide range of products from world renowned MNCs.

Statement of Financing:
Safe Tech would be a partnership of above mentioned persons. To start a business like this we also need a huge investment. According to our estimates we will need an initial investment of PRs. 3 million.

Confidentiality statement:
This business idea is the solely ours an intellectual property of the Dare devil group, and is copyrighted and no individual or party has the right to use this idea or claim it to be his/her doing so would result in the party in default having to indemnify penalties and legal costs.

Dare Devils:

Aqib Javed

Muhammad Naeem

Sabbar Shoukat

Sami Ur Rehman

Hamza Fareed

Executive Summary

Safe Tech is a start up venture in a form of partnership by five partners investing money and sharing ideas to run a successful business. Safe tech is basically a security and surveillance company. It offers its customers different security systems and devices. Safe tech is a distribution firm and working as marketing intermediary between end users and MNCs. As security is growing as a main concern safe tech will success. Safe tech is also formulizing some of the best operational and organizational structure plans to be success full in the market.

Industry Analysis Future Outlook and Trends:

Safe Tech is currently focusing on the basic security needs of the customers. Now a days people are focusing on the more safe means. So to capture the market a new entrant must be well aware of the trends and outlooks. Safe tech is providing all type of security systems like access control locks, fire control systems, and many other safety systems which are reliable and as well as affordable.

Analysis of Competitors:
As security conditions are going worst day by day people and organizations are having bigger concerns with the security so this sector became important. More and more companies are jumping in this sector which makes it a very competitive industry. Some tough competitors with whom Safe Tech will have to compete are Cyco (pvt) Ltd, Resco (pvt) Ltd, Vital (pvt) Ltd, and MAB Tech (pvt) Ltd.

Market Segmentation:
An organization cannot satisfy the needs and wants of all consumers. To do so may result in a massive drain in company resources. Segmentation is simply the process of dividing a particular market into sections, which display similar characteristics or behavior. There are a number of segmentation variables that allow an organization to divide their market into homogenous groups. Safe tech is basically targeting the corporate customers who are working in large or small business environment. Safe tech id focusing on the offices, schools, plazas, and many other commercial customers.

Industry and Market Forecast

As security concerns are increasing in Pakistan day by day, people are getting more conscious about security. This sector is growing significantly and making good reputation in the economy so thats why we are willing to open a business in this sector.

Description of Venture Products: Security tapes :

Security tapes are such type of product that you can apply or paste on any of your confidential papers and many other things to which you have to protect from the theft if somebody tempering it than it left an impact of word (opened) on your appliance and you come to know that it was opened before you open this.

CCTV System
We will also offer CCTV system such as cameras and monitors at affordable prices to our customers that they can secure themselves.

Fire Distinguishes
We offer fire distinguishes such as fire alarms, fire detection and fire suppuration system , fire control system both automatic and manual and other fire equipment.

Bio metric locks

1. Safety

alarms

Size of the business:

Its a private limited business thus a foundation company that is being opened through a lot of research. Employees that would be hired would be highly trained in their profession; there will be three units of employees 1 Management Staff 2 Mechanical staff 3 Services staff (like peon)

Office Equipment
As the site would be under process we will hire an apartment in G-10 for starting the operations so that our suppliers and invertors would contact us. Once the business is operational. The equipment would be purchased from descent furniture like artech one or wood hive, TNT etc.

Operational Plan Description of companys operations:

Operations function is one of the major functions of any company as it is that part of a company where goods and services are produced. The operations of Safe tech are designed as follows: Sales department Purchasing department

Mechanical department Maintenance staff Customer care department

Flow of Orders for Goods/Services

When sales department of Safe tech receives an order it will pass it to procurement manager which will purchase the certain item and than mechanical staff will install that device. Safe tech also ensures the after sale services, so in case of any query customer will contact to customer care department and service visit will be allocated too that customer.

Technology Utilization
All the appliances and devices will be purchased from well renowned companies like Toshiba, cannon, Casio, etc. all the purchasing will be done on internet. Orders are also received through phone calls, online booking system. And customer queries are also being held through customized soft wares. Feed back of customer will also get from customers through online forms.

Marketing Plan Pricing:

Pricing is the key factor in the business we are doing. So we have to choose an optimal pricing strategy through which we can get customers and can generate some good revenues as well. Safe tech will have to charge the price on the basis of cost it incurred so basic strategy is to minimize the cost and lets have some moderate level of profit cushion. But it should be a price that will help Safe tech in competing the market.

Promotions
We are new in the market and we will have to do a great level of promotion to reach the customers. But by which means that will help us catering customers cost efficiently. We will use the flyers, pamphlets, Radio, news papers etc.

Organizational Plan
Our plan is to give our customers hundred percent so that they will visit us again and again. Its obvious that our first preference is to earn profit but in start of our business we will entertain people with some special discount to make a good image of our organization. It will help us in future. Our plan is to concentrate as much as possible on giving something extraordinary to our customer which they are looking for. We will give best service to our customer because in our organization there is no excuse on service.

Form of ownership and identification of partners

Basically we are five people who are owners of this business. The form of ownership is partnership. The partners in the business plan are Mr. Aqib javed, Mr. Muhammad Naeem, Mr Sabbar Shoukat, Mr. Sami ur Rehman, and Mr. Hamza Fareed. These are the main stake holders in the business plan. But in future we need more investment we will add more stake holders to expand our business.

AqibJaved MD

M.Naeem DirectorFinance

SabbarShoukat DirectorMarketing &Sales

SamiUrRehman Director Procurement&CSR

HamzaFareed DirectorOperations

Assistant Assistant

Assistant

Assistant

Authority of Principles, terms and conditions

The terms and agreement of the partners are: The partners are liable for capital contribution. Death and withdrawal of one partner terminates partnership, unless partnership agreement stipulates otherwise. In limited partnership death or withdrawal has no effect on continuity. Limited partner can withdraw capital six months after

notice is provided. Loans or new contributions by partners require a change in partnership agreement. All partners have equal control and majority rules. The distribution of profit and loss depends on capability of partners and success of business.

Assessment of Risk Weakness of Business

1) Our venture could be a victim of competition in the market; with the passage of time other competitors may come up with different notions and morph our ideas into more refined form. 2) With the passage of time, if our business got successful and attracted a number of visitors from all the walks of time we may need to expand our company. 4) Security issues will be one of the most important challenges faced by us. 5) Improper or ineffective marketing campaigns. 6) Unsatisfactory services to the clients. 7) Lack of update in the technology in the future. If all the stated risks turn into reality one day we may be vulnerable to huge loss in the business market domain. Security conditions are at the moment reality but the rest of the issues might or might not take a real form in near future. In the former case we would face a huge upset condition.

New Technologies:
To predict about new technologies is very difficult but as far as our service is concerned, a reasonable number of products came in to market every day. New technologies are possible which can affect our business only if we dont keep ourselves update. So we need to be conscious regarding any new advancement in technology and if new technology comes to market its better for us to use earlier than others.

Contingency plans
We should try and keep our business so steady and the workers so proactive so that they can sense the new things of competitors coming in his market and then plan things according to that. We should keep in the mind and search the new locations for spreading our business. Sound and satisfactory security measurements should be taken. Efficient employees should be hired who remain in touch with the changing technology. A thorough survey of market and analysis should be done to make our business stand different in the market.

Financial Plan: Source and application of funds:

Safe tech is currently needed 4 million rupees to stand up. There will be two sources only equity and loan. Equity could be specified as personal savings of the entrepreneurs. And loan can be got through banks or government as well. Out of 4 million, 2 million is for inventory. That we should purchase some normal or general security devices in advance to start our operations. 1 million is required for office, fixtures, warehouse, staff hiring and promotion causes. Rest of the million will be deposited in the bank as net working capital.

Performa Income Statement

Particulars Sales Cost of sales Gross profit Operating expenses EBIT EBT Net income 2014 3000000 2500000 500000 300000 200000 160000 100000 2015 3600000 3100000 500000 300000 200000 160000 100000 2016 4300000 3700000 600000 300000 300000 250000 150000