Essay on Business Plan - 2686 Words

2015 Adil Amin Muhammad Tariq Shaban Tayyab Furqan Fundamentals of Corporate Finance 3/8/2015 2015 Adil Amin Muhammad Tariq Shaban Tayyab Furqan Fundamentals of Corporate Finance 3/8/2015 Auto Doctor Auto Doctor ___________________________________________________________________________________________________ PROJECT _____________________________________________ Submitted to: Prof. Syed Sadir Ali Zaidi Submitted by: * Adil Amin (2013-MBA-015) * Tayyab Furqan (2013-MBA-028) * Muhammad Tariq Shaban (2013-MBA-022) Course Title: Fundamental of Corporate Finance TABLE OF CONTENTS ACKNOWLEDGEMENT 3 EXECUTIVE SUMMARY 4 Vision Statement: 4 Mission Statement: 4†¦show more content†¦Imdad Hussain Wahga (Wahga Estate Advisor) Mr. Fahad Mughal (Mughal Auto Parts) Mr. Shahzad Qadri (Qadri Auto Parts) Executive Summary Our plan is to start an automobile workshop Business named â€Å"Auto Doctor†. This is considered to be a profitable business because of its high demand and huge number of cars in Lahore and long-term reward (profit). Our Business is proposed to be established at Bahawalpur Road, Mozang, Lahore. Our Equity/ initial investment will be PRs. 60, 00,000 (PRs. 20, 00,000 contributed by 3 members each). An office and workshop on rent also located in Bahawalpur Road, Mozang, Lahore. Our estimated sales for the first year would be PRs. 94, 64,000 and our total expenses that year would be ******** and after tax deductions our Net income will be ******** which is more than our expectations. And after having calculations of six doctors, we can say that this business is going to earn good profit because the most reliable doctor NPV says that it is positive, it’s payback period will be 2 years and its discounted payback would be 3 years and it is favorable because we are getting our investment back at the end of 2 years. Its breakeven analysis is also showing favorable answers. Vision Statement: â€Å"********† Mission Statement: ******** Important Assumptions: * Equity finance will be on 100% partnership basis, we arrange this amount (********) personally. * After having survey ofShow MoreRelatedBusiness Plan For A Business Essay1708 Words   |  7 Pagesbrand-new business, expand an existing company, or get financing for a business venture, you will need to write a business plan. A business plan not only lends your business a sense of credibility, but also helps you to cover all your bases, increasing your chances of success. Although writing a business plan can be a lengthy, intimidating project, it is not necessarily difficult. Here is an overview of how to write a successful business plan. What to Include in Your Business Plan Your businessRead MoreBusiness Plan For A New Venture1355 Words   |  6 PagesA business plan can be used for beginning a new business, to create a more profitable business or for consideration of new services and ideas. A business plan is a written document that gives details on a business idea or venture and present the outlook of the business over a number of years. This plan will guide the business project management and operations, assist in vital decisions and measure performance. There are many types of business plans and not one of them is considered a universal planRead MoreEssay about Creating a Business Plan1119 Words   |  5 Pagesyou must have guidelines, so to speak, to know where you are heading in the future. That is why before you can start a business you need to draw up a detailed business plan. Business plans are considered blueprints. 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The business plan follows the general format used in the restaurant/hospitalityRead MoreRenee Business Plan5082 Words   |  21 PagesBusiness Plan for a Startup Business The business plan consists of a narrative and several financial worksheets. The narrative template is the body of the business plan. It contains more than 150 questions divided into several sections. Work through the sections in any order that you want, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your type of business. When you are finished writing your first draft, you’ll have a collection of small essaysRead MoreBusiness Plan For A Business1546 Words   |  7 Pagesenterprise, especially a business, usually with considerable initiative or risk†. They are usually characterized as people with greatly valued self-reliance, with high optimism and people who who strive for distinction through excellence. I am interested in starting my own basketball business and becoming an entrepreneur. In order to start a business I need a business plan. From research, I have learned that my business plan needs to have an executive summary, identification of my business, financial recordsRead MoreBusiness Plan For A Business840 Words   |  4 Pagesâ€Å"Business plans are statement of a business goals, reason they are attainable and plans on meeting it’ (FoxBuisness, 2013). A business plan maps the course and gives a detail plan on how these goals are achievable. It is also important to establish a solid business plan for funding. Some small business use venture capital, bank loans, personal funds, and private investors as sources of funding. The business plan must therefore, sell investors. A well-written convincing business plan can buy investorsRead MoreBusiness Plan1439 Words   |  6 PagesBusiness Plan What is Blueberry Nights? Type: bar and restaurant for young people Category: II. class Service method: plate service Menu type: A’la Carte Opening hours: Sunday to Wednesday 10:00-22:00 Thursday to Saturday 13:00-05:00 No day off Target market: students, tourists and residents Location: Budapest, Margit kà ¶rà ºt Few steps from Margaret Island Easy to reach by tram Seating capacity: 120 (80+40) 1st floor: kitchen area, 80 seated restaurant, bar, armchairsRead Morebusiness plan5494 Words   |  22 Pagesbecause we as a young generation that want to open new shop sold the â€Å"Keropok Leko†. OBJECTIVE OF THE ORGANIZATION Every business opportunity begins with the existence of various customers needs and wants for particular product or service. A need is something that is basic in life such as food, clothes and shelter. Therefore, our companies take these advantages and venture a business based on food industries. Our main activity is to manufacture keropok lekor that is made from fish paste, flour, and saltsRead MoreBusiness Plan For A Business1866 Words   |  8 Pages Business Plan Buiness model in theory and practice according to Wikipedia is used for a broad range of informal and forma l descriptions to represent the core aspects of a business, including the purposes of that business, its process, target customers, of ferings, strategies , infrastructure, organizational structures, trading practice, and operational processes and policies . Below, we would look at two kinds of business model (franchise and tradition al business) , their pros and cons, o r their

The Enlightentment of Age of Reason Sparked Change

The Enlightenment brought new thinking, making people closely examine the world around them, which sparked change. Also known, as the Age of Reason there was a questioning of authority as people became enlightened and this caused new thoughts such as liberalism, conservatism, skepticism, and Francis Bacon’s empiricism brought over from the scientific revolution. The Enlightenment was a maturity of mankind to higher level thinking, not just following the status quo. It was a raise in education against established traditions and beliefs, which caused a huge shift from the social norms of society to using reason and logic to disclaim previous ideas. There is a growth of optimism that the human race will become educated about the social and physical environment, finding new information through reason and logic to become enlightened. Although there was a focus on logic and reason, there was also a look towards economics with British enlightened thinker Adam Smith in the Wealth of Nations. Fighting for public, as well as private interest, maximizing private incomes and the nations wealth. There was many ways that the scientific revolution impacted the Enlightenment, but the most important was it caused a social change towards established principles with logic and reason. This caused the abolition of slavery, changed thought from religious to scientific and paved the way for the start of women’s equality. As philophes became educated they saw a human inequality with slavery.

Business School Essay Free Essays

Since I first entered university, I have evolved from being convinced that an MBA was a necessary part of my future, to believing that MBAs made careers of victimizing other people, to realizing that an MBA truly will help me achieve my passion, which is helping people in my native China. I am now passionate [Comment 1] about attending Wharton to challenge myself with powerful business lessons that will help me grow as a leaders [Comment 2] . My alma mater offered an orientation program that offered [Comment 3] new admits consultation on academic study, and more importantly,[Comment 4] early career plan. We will write a custom essay sample on Business School Essay or any similar topic only for you Order Now I was excited to learn that the tests confirmed what I already expect [Comment 5] – that I showed a strong ability in business. Starting that day, I pinpointed [Comment 6] MBA as an ideal master degree to pursue following several years of solid work experience. With plans made, I embarked on the trek by opting to major in international finance, in addition to taking a broad spectrum of business-related electives including intermediate accounting, economics and banking. Although most of the teaching materials [Comment 7] derived from the communist time while [Comment 8] teachers still resorted to the stale methodology of indoctrination, I looked forward to every class that gave me new insights into how good business [Comment 9] function. I missed a chance to have [Comment 10] more interactive learning environment and to be able to challenge the lessons that we were taught, but the classes further solidified my plan to acquire a formal business degree. Originally my career plan was simple: to excel at [Comment 11] workplace, get an MBA, and then work as [Comment 12] top strategy consultant before settling down as an executive at a corporation. I was happy with my career progress as an Information Technology consultant, but it was not always smooth. While my project at International Media Corporation, my second employer, was in high gear, the 9. 11 tragedy reduced international travel to a standstill. (For details, please see essay No. 2. As if this were not enough, the ensuing fiber-optic scandal in which International Media Fiber Optics [Comment 13] was involved, worked perfectly as [Comment 14] the last straw—it forced our parent company to suspend its China-based operation [Comment 15] , including my project. That meant that I was unemployed. For the first time in my life I needed to assess my career plan. I had done nothing wrong, but the action of other [Comment 16] affected me and [Comment 17] put me out of job. Was th is what MBAs did? Did they ruin other people’s jobs? Comment 18] For a time,[Comment 19] I started to think that the business world was not where I would [Comment 20] be. Over the next six months I got a much clearer picture of what I wanted to do. [Comment 21] I gained experience in the UN initiative (for details, please see essay No. 3) and I reflected upon the world at large. What did I want to do, other than plan for my next promotion or consulting assignment? What did I want to be in twenty years? Consequently, this experience allowed me to contribute to society and to learn more about what I wanted. [Comment 22] My work in [Comment 23] the UN substantially changed my view of MBAs. This time, I started to perceive MBA [Comment 24] from a new angle—first and foremost, MBAs [Comment 25] must be socially responsible before they can aspire to reap professional achievements; otherwise they are still doomed to failure however smart they are. [Comment 26] This was again solidified by my acquaintance and mentorship, at the [Comment 27] UN conference, with an investment banker turned philanthropist,[Comment 28] also the founding chairman of the US-based Green Earth Institute. There were, and are, responsible people and organizations after all. I realized that I could be earn an MBA and make an impact just like those people! Six months on, I headed back to the corporate world, confidence recovered. National Data Systems (NDS) seemed an ideal place to start my career anew—I knew so the minute I saw the receptionist for interview [Comment 29] — in lieu of charming girls [Comment 30] , a disabled person handled the task. Later I learned this deep-rooted culture resulted from NDS’s strong advocacy of handicapped-hiring. As for me, I further extend it to hiring veterans in my department. Not only do I commit [Comment 31] social obligations, but the department actually benefit [Comment 32] from their ultra reliability and diligence. In addition, I volunteered as the department representative for the office health and safety initiative. Mid 2004 will witness my department’s consummation [Comment 33] of a worldwide business transformation project, to which I have been contributing as a IT consultant and project co-leader. This is [Comment 34] perfect opportunity to see my current work to completion and then embark on my new endeavor. Upon graduation, I would like to join a top-tier IT corporation and rotate in different functions in its leadership/executive development program at mid-management level. I see this ad [Comment 35] being important for gaining the management experience that I will need for my true long-term passion, which comes from my work in the UN. I want to help the underprivileged in China. Consequently, I plan on establishing an IT-based NGO in the long run. My business experience gained from my post-MBA job will render me better positioned [Comment 36] to contribute to this scenario—applying cost-effective technologies (only possible through my experience with an elite technology firm) to improve the quality of life in communities that have not changed in decades, if not centuries. After all, the betterment of the entire nation cannot hinge upon the prosperity of but a number of regions or cities. Based on my experience in consulting and the UN [Comment 37] I believe that managing an NGO shares much synergy with running a for-profit business. The leadership experience developed and social connections established in the business arena should be most conducive to my long-term career aspiration. The end of my achievements in business will ultimately find their way in the social cause. Yes, financial standing is an important yardstick,[Comment 38] against which personal success is judged; however, it will be even more fulfilling if I can share this success with the needy and bring benefits to them. As the [Comment 39] leading business school, Wharton offers many lectures in addition to [Comment 40] cases that prepare students for all kinds of real business challenges and opportunities, which caters [Comment 41] well to my career aspiration [Comment 42]. Admittedly, Wharton is most famed for its strength in finance; however, it has, over the years, [Comment 43] also produced a plethora of successful general managers. Having said that, I [Comment 44] trust Wharton is where I can attack my weak link by brushing [Comment 45] up my financial skills, which I believe are indispensable to my career advancement later on. â€Å"He is a sharp cookie, a natural leader just waiting to burst out of his shell†, goes the comment on my first performance review. My communication with Wharton students and alumni has fully attested to my belief that Wharton is the very school that will transform me from a candidate to a bona fide leader of the future. How to cite Business School Essay, Essays