Starting a Small Business and Planning Essay

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Introduction

Small businesses are all around us. Day in day out people are always coming up with business ideas aimed at helping people in one way or the other with the ultimate goal being financial sustenance. When starting a small business there are different approaches that can be taken, one can choose to start out using their own finances or use the popular approach of writing a business proposal asking for funding to start up the business. This paper will present a business proposal for a business idea of my choice giving a detailed summary of the business and its requirements.

Executive summary

Go Green International is a company dealing in producing environmental friendly products. In view of the current change of worldly climate as a result of pollution to the environment it is of interest to start companies that produce entirely environmental friendly products for the safety of the planet and thus ensure longevity of the living species in it. It is of absolute interest for the world to arrest the pollution crisis early enough if plans to save this planet will reap any fruits. The idea of having environmentally friendly products has thus led to the birth of this company.

Company summary

The company is entirely owned by Fred Davis who plans to hire four other employees to be directors in charge of different departments. Mr Davis will be handling all employee issues which include hiring and firing, training of staff, staff problems as well as salary determination. Later on as the company grows and expands in stature more employees are expected to be hired into the different departments of the company. Mr Davis plans to recruit and train all new employees on their job expectations which will in turn ensure absolute productivity from the employees.

Services

Go Green International will be involved in a myriad of environmental friendly products. It will channel maximum attention on producing bio-degradable bags which will be used for product packaging especially in industries and shopping areas. It will also channel its attention in awareness campaigns aimed at enlightening the general public on the importance of taking care of the environment. In its expansion program in a few years the company plans to venture in farming where it plans to channel all efforts towards green or organic farming. This is where farming is practised with minimised use of chemicals. The key purpose of this is to discourage the use chemicals buy farmers which destroy the ground.

Market analysis summary

Go Green International chiefly targets the 100% of shoppers in the society. Everybody at whichever time has purchased something from some outlet that required to be wrapped in a bag. Seeing this dire need for bags within our society it shows that the market for business for this company is green with expectations. The other target market as mentioned earlier is the farming industry which also affects 100% of the population as everybody eats. These two ventures serve to show the high degree of success for this company.

Implementation summary

Go Green International does realise the level of competition in the market is very high and to beat this the company plans to provide a competitive edge to its competitors by first of all producing top quality products which will be by far better than what the average customer is accustomed to at the moment. It is also in the company’s strategy to beat competition in the pedigree of customer service. The company plans to invest heavily in customer education which will lead to the customer gaining interest in the company’s products.

Financial plan

The company being a product based company does require a huge budget plan in order to roll out. Below is a tabulated sheet of the focusted financial requirements of the company at the start stage (first five months):

Expenditure1stmonth2ndmonth3rdmonth4thmonth5thmonth
Products$40,000$70,000$110,000$150,000$200,000
Transportation$5,000$8,500$12,000$20,000Above $30,000
Go down rent$10,000$10,000$10,000$10,000$10,000
Electricity$2,000$3,500$4,500$5,000$5,00
Water$1,700$1,700$1,700$1,700$1,700
Salaries$12,000$18,500$30,000$50,000Above $70,000
Employee training$5,000$5,000$5,000$5,000$5,000
Legal fee$7,500
Miscellaneous$10,000$10,000$10,000$10,000$10,000
TOTAL$93,200$127,200$183,200$251,700$331,700

This table represents the focusted expenditure as per with calculations based on the orders that have been currently allocated to the company already.

Summary

With the necessary financial aid given to the company and the budget analysis detailed above from the company it is without a doubt that Go Green International should be the best investment venture for a potential investor looking for grime returns from their investment. The company displays only the green light for success and the idea of it being an environmental friendly venture means that it is a company that is future oriented as environmental conservation is a forever ordeal.

Works cited

Sample Business Plans. B.Plans. 1996. Web.

Small Business ideas. Small Business Notes, n.d. Web.

U.S Small Business Administration. Sba.gov, n.d. Web.

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IvyPanda. (2022, March 25). Starting a Small Business and Planning. https://ivypanda.com/essays/starting-a-small-business-and-planning/

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"Starting a Small Business and Planning." IvyPanda, 25 Mar. 2022, ivypanda.com/essays/starting-a-small-business-and-planning/.

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IvyPanda. (2022) 'Starting a Small Business and Planning'. 25 March.

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IvyPanda. 2022. "Starting a Small Business and Planning." March 25, 2022. https://ivypanda.com/essays/starting-a-small-business-and-planning/.

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