Monday 28 September 2009

Starting to write a Business Plan




The Lapdesk

The lap desk is designed for office work, meetings, travelling or just simply for work at home





Designed by

Hebden Design Limited


Written by


Stella Ohlendorf

28 September 2009





Contents
Introduction
Main Body Plan
Executive summary




Introduction:

The following business plan introduces general methods to promote our product and how to make huge profit by selling it. Included are analysis of market,SWOT,HRM,marketing plan,finance.
The lapdesk was designed to make it more comfortable for students and business man to take notes if no desk is nearby and to support their health by preventing a wrong sitting position. Good comfort stands for more concentration, more motivation and participation, mental and body health.
Each new product that promises help and a way to get thing easier done is popular. Nowadays many young people suffer from back damages because of awkward sitting. Combining a folder with a desk which are attached by foldable side supports create the perfect angle surface to write and supports the user’s back health which in first place means an innovate way to take care about your back health and secondly to have a improved concentration
It is planned to advertise the lapdesk in health, lifestyle and students magazines as well as on the television in a 10 seconds spot.



Main body of plan:

Product
This practical lap desk is designed for office work, meetings, travelling or just simply for work at home. Lap desk makes it easier to write down notes quickly when no table or desk is nearby. Basically lap desk is a folder that has two foldable side supports which attach one side of the folder to the other creating the perfect angle surface to write on thus you mind sitting awkwardly which causes back damage. Inside the lap desk is also space to hold A4 paper and CDs

Price per Lapdesk : 30





Market
The lapdesk has a wide range of market.
The lapdesk will be available for students starting at the age of 6 as it is especially important to primary school students to take care of the back’s health at a young age.There will be a special model of the lapdesk for children aged 6-12.Another focus will be set on businessman and other people who assist to meetings, conferences and other similar activities which involves sitting and writing and who want to take advantage of this practical desk which stops to compromise their backs when sitting in an unhealthy position. The lapdesk Customers which have this need will be the main target group of the sales
Also retailers play an important role in selling the lapdesk as they are the first economic entity after the consumer.
In addition to that a big amount of lapdesks will be sold to companies that will need them for meeting and business trips for employees.
As already mentioned will the lapdesks be distribute to the retailer industry, stationery shops and book shops. By direct distribution the costs will be kept low by avoiding hiring a third distributor.


SWOT



Strenghs:



Weakness: Competition, there a similar inventions.

Opportunities:

Threats:

following


Web Plan Summary



Sales and marketing





Advertising :
The Lapdesk will be advertised in an aproximatley 10 second television commercial. This is the most effective way to catch people attention, to make them curious and to show them exactly how the lap desk works.


Estimated costs : 10.000 for 10 second television advert, including studio,filming team and equipment,actor or presentor of the lapdesk and required props





In addition to a television advertisement another in from of magazine commercial is planned.


Suitable magazines would be for example students magazines, magazines that approach workers (business people) like economical,financial,business or political magazines and lifestyle magazines. A magazin advertisement catches easily the attention of their reader by flicking through, gives significant information and also reminds on the televsion commercial



Estimated costs: 5.000 for a whole page in a magazine, including photo team and equipment,model





Implement of selling:



Distribution to stationary shops and healthy lifestyle shops.

Direct distribution to universities, companies and schools.



E-Commerce:



Online shop on our website.
http://www.homebusinessnetwork.co.uk/node/179





Special offer: 10 lapdesks for 250

50 lapdesks for 400

100 lapdesks for 850







Management Team:
following






Executive Summary :
following

Sunday 27 September 2009


This is an e-book i am reading which supports me setting up my own business.
It is a motivational personal development and self-help book written by Napoleon Hill.It was published in 1937 during the Great Depression. Hill introduces the characteristics of achievers and developed 15 laws of success intended to be applied by anybody to achieve success.
The book is intended to teach us that success comes to those who become
success conscious. Failure comes to those who allow themselves to become failure
conscious as well as helping you learn the art of changing your mind
from failure consciousness, to success consciousness.
Chapter 1 :
This chapter starts telling two stories of two men named Barnes and Darby who went about to transate their desires into reality by thinking,being determined and taking the next step beyond the point at which they felt defeat had overtaken them rather than giving up on their desires.
Chapter 2:
following....

Thursday 24 September 2009

How i made it


For Business studies i am reading a book called 'how i made it' written by rachel bridge who is the Enterprise Editor of The Sunday Times.
The book is collection of 40 of the best stories of ideas and innovation from the world of growing business
It introduces 40 successful entrepreneure and explains how they managed to turn their dream into reality.
They are talking about how they decided what to do,how they started,how they got the money they needed and how they went about it. It is also dealing with their ups and downs on the road to success.
It is a very inspiering book for everbody who wants to make business out of an idea

Wednesday 23 September 2009

Tasks:
a. modify the product
All modifications that could to be made need to be paid with the initial budget so before modifying a product it should be released first as it was designed in first place to get customers responses to the product and their opinion. After a profitable business is set and money is eared, ideas for modification can be collected and realized
Possible modification for the lap desk could be a little foldout light running by battery

b. market the product

The Lap desk

Summary: This practical lap desk is designed for office work, meetings, travelling or just simply for work at home. Lap desk makes it easier to write down notes quickly when no table or desk is nearby. Basically lap desk is a folder that has two foldable side supports which attach one side of the folder to the other creating the perfect angle surface to write on thus you mind sitting awkwardly which causes back damage. Inside the lap desk is also space to hold A4 paper and CDs


Marketing plan consists of the following:
PEST analysis
SWOT analysis
Distribution to stationary shops and healthy lifestyle shops
Advertising (posters and in magazines)
Website (Onlineshop)
1 or 2 employees

Beginning with a budget of 25000 pounds
Estimated costs:
Production of lap desks :15000pounds ( price of production per folder ca. 12 pounds)
=1250 lap desks to sell 34.99 pounds each
=43750 pounds profit
Distribution: 3000 pounds
Advertising: 2000 pounds
Employees: 1000 pounds

PEST

The lap desk is basically for everyone who has a job obliged with writing, meetings or students. It makes it easier for the target group to write important thing quickly down if no desk is nearby and the important aspect is that it supports a good sitting posture for a healthy back.

SWOT

Strengthens : Needed by many office workers, businessman, students et.
Weaknesses: Competition, there are comparable inventions

Marketing plan for Luigi's Rotating Spagetthi Fork



Summary: Our product the Luigi's Rotating Spaghetti Fork is an invention never ever seen before and designed for people who struggle with turning their pasta by fork and have to put a lot effort into it trying not to get dirty. This innovative practical battery powerd device makes it easy for everyone to turn pasta thus you stay clean. Buying Luigi's Rotatong Spaghetti Fork will make your life better; you will never ever experience embarrising moments again by struggeling eating you spaghetti.


The package includes four batteries and an instruction.


Special offer : Buy three get one free


Price: 19.99 pounds


Our marketing strategy will include:

PEST analysis

SWOT analysis


advertising (TV,posters, in magazines)


website with online shop


special offer: buy three get one free


distribution to householding shops





PEST
Luigi's Rotating Spagetthi Fork is made for everybody at every age. It helps elderly people saving effort because they don't have to rotate the fork by hand. It would also a great help for children as it can be quiet difficult for them to turn spagetthis on a fork. People at every age had a lower chance to get their clothes dirty hence they have got less washing which saves the environment and money.

SWOT
Strengths:

New product which has almost no competition

The chances to sell a big amount of the product are high because the demand of forks needed buy each cusomer will be the number of forks of a cutlery set also the number offers ( buy X get Y free) convinces to buy more than just one and in addition four batterie four free

Weaknesses:

Conservative people would see this product as a waste of money

Starting a marketing plan

To start my marketing i will use this webside :

http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1073869186

It is a tutorial that shows you how to write a marketing plan :)

4 of the 400 latest and greatest small business ideas

 Last-Minute Child Care /Emergency Babysitting
CONCEPT: Parents are occasionally or even often let
down by babysitters who fail to turn up or call in sick.
Rather than cancelling their plans, parents can instead
turn to a small business that specializes in providing
babysitting at the last minute – for a higher hourly fee.
STRENGTHS: Unique selling point; last minute =
higher fees; huge client catchment; home-based means
low overheads apart from marketing; staff paid on a perjob
basis; senior-friendly small business.
WEAKNESSES: Making sure that your own sitters are
reliable as it is your unique selling point; finding and
keeping good reliable sitters.
REAL WORLD BIZ: http://lastminutebabysitting.com;
www.news.com.au/dailytelegraph/story/0,22049,22988
430-5014717,00.html

Personal comment:
I think this is a really good business idea because loads of parents would use this
service if there is an emergency or unexpectedly they have to be somewhere and can't take care of their child they need to someone to do it.


 Specialist Car Importer
CONCEPT: A market has always existed for exotic and
slightly unusual used cars for buyers with more
individual taste in cars. Depreciation, the car importer’s
best friend, means that cars can be purchased in one
territory, freighted to another and sold for a handsome
profit. Depreciation, for example, in Britain is among the
most severe in the world and cars imported from the UK
to other right-hand-drive (RHD) markets can sell at a
considerable profit. Possible car types: E-type Jaguar, XK
Jaguar coupe (1997-2006), Nissan Skyline, Nissan
300ZX/350Z, Toyota Supra/Soarer, BMW M3/330
coupe/M5 sedan, Mercedes SL, older Porsche 911/928/
944 Turbo/968, Ferraris. In short, a specialist car
importer works out which territory across the whole
world offers the most profitable importing opportunity
and goes from there.
STRENGTHS: Great for car-lovers; unique cars =
higher prices; can get big deposits or entire price for car
before committing to importation; senior-friendly small
business.

Pesonal comment:
You would make a lot of money by the profit althought it can be hard because you always have to check the foreign currency exchange rate and buy the cars for a low prices at te right time.

 Home Renovation Planner/Project Manager
CONCEPT: Home property development or remodelling
is actually considerably more complex than many
amateurs realize until it is too late and many expensive,
avoidable mistakes that could have been avoided were
not avoided. A growing band of experienced remodelling/
property project managers are thus emerging who take
care of the owner’s complete development – for a
considerable fee. Oh and by the way, home renovation is
a $350 billion+ a year industry in North America.

STRENGTHS: May be possible to manage several
projects at once using same trustworthy tradespeople;
expandable business; can get management fee in
advance.
WEAKNESSES: Detailed understanding of logistics of
property development and remodelling are essential;
strong interpersonal skills and management essential;
some clients can be indecisive, change their minds
constantly mid-project or just be generally difficult.
REAL WORLD BIZ: http://www.renplan.com/

Personal comment:
I think any people would use this service because the majority of people are unexperienced
in renovation

 Used Musical Instrument Dealer
CONCEPT: eBay’s Hot Items list (bestsellers) at
http://pages.eBay.com/sellercentral/hotitems.pdf
proves that there is a pretty significant market for used
musical instruments. If music is one of your passions,
being a dealer in such instruments could be a lucrative
side or even primary business. If you are wondering
where to source such items, ask eBay’s established sellers
by posing as an interested buyer who is concerned about
where the item came from and its history. By revealing
this information to you, you too can source instruments
there. This could also be a healthy spinoff from a music
tuition small business, like the ‘School of Rock’ small
business on Page 203 or the band rehearsal room small
business on Page 211.
STRENGTHS: Relates to music - it beats selling life
insurance!; very low overheads if conducted online
and/or from home; fun.
WEAKNESSES: Slow selling inventory - that’s why
keeping a close eye on eBay’s hottest sellers at the above
web address is essential; established competitors in your
area.
REAL WORLD BIZ: www.elderly.com;
www.palmguitars.nl; www.daddys.com;
www.usedmusicalinstrument.com;
http://pages.eBay.com/sellercentral/hotitems.pdf

Personal comment:
If the instruments are in a good condition many people would use this service because new instruments can be quite expensive and not everybody who plays an instrument can afford one

Homework

1. Complete the functions chart: HRM, Marketing etc
2. Learn the posters in the corridoors
3. Learn how to use blogger etc - explore the functions
4. Take FOUR of the 400 ideas and visit the sites. Then look at the advantages and disadvantages. Here is an example...
5. Read and review and comment on the books being loaned to you...

Tuesday 22 September 2009

Helloooo :D
finally i created my blog for business