ZIMBABWE EZEKIEL GUTI UNIVERSITY
FACULTY OF HUMANITIES, EDUCATION AND SOCIAL SCIENCES
DEPARTMENT OF SOCIAL WORK
COVER PAGE
SECTION A
NAMES: REG NUMBERS:
Allan J Mzamu R220738S
Adeline Imbayago R220657S
Andy Chikwaka-Chirenje R220784S
Audette T Madhodha R220936S
Beverley Makwarimba R220653S
Charlyn Thomas R221080S
Ngonidzashe Chari R220540S
Ruvimbo Muganyi R220849S
Tariro R Bukuta R220256S
PROGRAM NAME: Social Work GROUP NUMBER: 8
COURSE NAME: Entrepreneurship Theory and Practice COURSE CODE: CEN201
ASSIGNMENT QUESTION: Prepare a bankable business plan for an entrepreneur venture of
your choice: HARDWARE AND CONSTRUCTION SUPPLY STORE
LECTURER: Mr O Chibaya DUE DATE: 17/11/2023
SECTION B
Lecturer’s Comments: ……………………………………………………………………………
MARK: ………………………………..
SIGNATURE: …………………………
DEFINITION OF KEY TERMS
Bankable business plan --- A bankable business plan, as Johnson A (2020) holds, is a blueprint
well-structured to outline a business’ objectives, financial forecasts, market research, strategies
and ultimately enact as a robust financial model or clear roadmap for capital use and returns
meant to instill confidence in potential investors and lending institutions. Brown L et al (2019)
posits that a bankable business plan is a professionally presented comprehensive business
proposal, effectively communicating potential for profitability and repayment of loans or
investments, that includes a solid revenue model, a well-defined competitive advantage, a
detailed market analysis and realistic assessment of risks and mitigation strategies. Therefore,
exhausted from both definitions, is that a bankable business plan is a written document setting
forth and describing the business mission, relevant internal and external elements and strategies
for achieving objectives, operational and financial details together with the ownership and
management structure.
Entrepreneur venture --- An entrepreneur venture as defined by Saras D Sarasvathy (2008), is a
valuable and viable undertaking pursuing desired goods and profitable consequences through the
creation and exploitation of marketable opportunities. Robert Hisrich and Michael Peters (2002)
give that an entrepreneur venture is an individual or group of individuals’ newly started business
or venture, characterized by growth, innovation and risk-taking alongside many other aspects.
Hence, an entrepreneur venture can be summed up as a corporate, firm, enterprise or business
started by an individual or group of people with the focus of generating profit through innovative
problem-solving and opportunity exploitation
HARDWARE AND CONSTRUCTION STORE BUSINESS PLAN
TABLE OF CONTENTS
1 ENTREPRENEURIAL VENTURE CORPORATE
2 EXECUTIVE SUMMARY/EXECUTIVE STATEMENT
3 BUSINESS DESCRIPTION
3.1 Mission and Vision Statement (Purpose and Values)
3.2 Products and Services offered
3.3 Competitive Advantage
4. MARKET ANALYSIS
4.1 Market trends
4.2 Target Market
4.3 Industry overview
5 OPERATIONS AND MANAGEMENT PLAN
5.1 Business Team Structure
5.2 Job Roles and Responsibilities
6 SWOT ANALYSIS
7 MARKETING PLAN
7.1 Marketing strategy
7.2 Publicity and advertising
8 FINANCIAL PROJECTIONS AND SALES
8.1 Revenue and Sources of Income
8.2 Sales forecast
8.3 Pricing strategy
8.4 Payment options
8.5 Startup expenditure
8.6 Startup capital generation for Zim Bolts Hardware Pvt Ltd
8.7 Return on investment (ROI)
9 POTENTIAL RISKS ASSESSMENT AND MITIGATION STRATEGY
9.1 Risks assessment and sustainability and expansion strategy
10 STOP CONTROL SYSTEM
11 CORPORATE SOCIAL RESPONSIBILITY
12 HARVEST STRATEGY
13 ELEMENT ZERO
13.1 Exit strategy
13.2 Concluding Remarks
14 CHECKLIST/MILESTONE SCHEDULE
1 ENTREPRENEURIAL VENTURE CORPORATE
The business is to be named Zim Bolts HARDWARE PRIVATE LIMITED, also operating
under the name Proten Investments Pvt Ltd.
2 EXECUTIVE SUMMARY/EXECUTIVE STATEMENT
Situated in a bustling town in Zimbabwe, Zim Bolts Hardware Pvt Ltd, also operating under the
name Proten Investments Pvt Ltd, is a registered building material supply outlet. The facility is
housed in a corner building in the largest building material market in Kadoma, and we have
managed to find a space large enough to accommodate the layout of the type of conventional
building material supply store that we plan to open. Retail sales of a broad variety of building
supplies, including lumber and other structural building materials, hardware, tools, plumbing and
electrical supplies, doors, windows and so forth, will be conducted by Zim Bolts Hardware Pvt
Ltd. It plans to provide a broad range of services to clients in and around Kadoma.
3 BUSINESS DESCRIPTION
3.1 Mission and Vision Statement (Purpose and Values)
The mission of this corporate is to establish a world-class building materials company that will
provide the people of Kadoma and other important cities in Zimbabwe with a wide selection of
building materials from leading manufacturing brands at reasonable prices. It also plans open
chains of building materials supply stores in these cities. The company envisions to become the
most well-known name in the Kadoma construction materials market and to open a one-stop
shop for building supplies in Kadoma and other important Zimbabwean cities.
3.2 Products and Services offered
Zim Bolts Hardware Pvt Ltd. is in the timber and building materials business to serve a broad
spectrum of customers and, of course, to turn a profit. For this reason, we will make every effort
to provide a large selection of building materials from leading manufacturers in Zimbabwe and
other nations around the world. To fulfil our goal and fulfil our vision of launching the firm, we
will take all legal actions allowed under Zimbabwean law. The products that we sell are
mentioned below;
Retailing windows and doors
Retailing building materials
Reselling fencing
Reselling electrical supplies
Reselling floor coverings (wood or ceramic only
Reselling lighting fixtures
Reselling plumbing supplies
3.3 Competitive Advantage
An in-depth examination of the timber and construction material stores sector demonstrates that
during the past ten years, the market has grown significantly more competitive. To thrive in this
market, you need to be extremely innovative, focused on the needs of your customers, and
proactive. We are ready to take on other top building material suppliers in Kadoma because we
are aware of the fierce rivalry.
Major participants in the construction and real estate industries will undoubtedly choose Zim
Bolts Hardware Pvt Ltd. when it opens its conventional building material supply store. A large
selection of building supplies in stores will certainly be made sure of.
4 MARKET ANALYSIS
4.1 Market trends
Certainly, those who are familiar with the timber and building materials industry may agree that
the primary drivers of this sector's rise are changes in disposable income, evolving trends,
homeownership rates, and customer attitudes. Unquestionably, the industry's remarkable growth
has also been aided by a notable rise in consumer confidence; yet, uneven performance in these
drivers has led to slightly muted revenue growth. The demand for building restorations will also
increase as disposable income and consumer confidence rise. This will increase revenue but
result in stagnant profit margins because suppliers of construction materials will continue to offer
low prices to attract clients in spite of growing competition. Monitoring industrial activity
closely reveals that the retail market has got room for additions.
4.2 Target market
The building material supply store is located to serve the residents of Kadoma and any other
region where other building material supply stores will open outlets in Zimbabwe's major towns.
Feasibility assessments and market analysis have been conducted to determine what the target
market expects from the company. The company's operations include supplying a wide range of
construction supplies to the clientele listed below.:
Individuals
Small Building Material Retail Informal Sellers
Plumbers
Construction Companies
Home Remodeling Companies.
4.3 Industry Overview
Thousands of people in Zimbabwe receive employment and money from the construction
hardware sector, which plays a significant role in the nation's economy. A wide range of
companies that produce, distribute, and sell building supplies, including flooring, roofing,
windows, doors, and other building materials, make up Zimbabwe's construction hardware
industry. There are two primary classifications within the industry: the domestic industry and the
foreign sector.
Since the country's economy was dollarized in 2009, the number of homes being built in
Zimbabwe has increased dramatically. Banks are providing mortgages for home construction,
and several cooperatives are being established to assist people in building homes. How can profit
from this stable trend arise? As a result, there has been an increase.
5 OPERATIONS AND MANAGEMENT PLAN
5.1 Business Team Structure
Zim Bolts Hardware Pvt Ltd plans to launch a small-scale building material supply company.
Our goal in launching a building materials company is to construct a typical, one-stop shop in
Kadoma.
Even though Halstead/electro-sales may be larger than our shop, we will make sure that the
proper frameworks are in place to enable the kind of growth that we had in mind when we
established the company. To assist us create a successful company that will benefit all of our
stakeholders, we will make sure that the individuals we hire are capable, trustworthy, focused on
the needs of the client, and prepared to work.
All of our top management employees will have access to the profit-sharing plan, which will be
determined by their performance over a decade or even more. Qualified and competent hands
have been hired to occupy the following positions;
Directors (Owners)
Store Supervisor
Cashiers
Truck and Van Driver
5.2 Job Roles and Responsibilities
Directors: Recruiting, choosing, orienting, training, coaching, counselling, and disciplining
managers are just a few ways they help management become more effective. Other methods
include communicating values, strategies, and objectives; assigning accountabilities; planning,
monitoring, and evaluating job results; creating incentives; creating a space where people can
voice their opinions and share information; and offering educational opportunities. The director
formulates, conveys, and carries out the organization's vision, mission, and overarching strategy.
In other words, the director spearheads the creation and execution of the organization's
overarching plan. He is she is also in charge of setting prices and concluding business
agreements, is in charge of giving the company direction as well as endorsing documents and
checks on the company's behalf. Directors assess how well the organization is doing.
The Store/Sales and Marketing Manager: The sales and marketing manager is in charge of
overseeing the day-to-day operations of the store, maintaining accurate records of building
materials and ensuring that the warehouse is never empty of goods, interacting with building
material manufacturers, controlling the distribution of building materials and maintaining
inventory, managing external research, supervising the workers on the building material sales
floor, modelling demographic data, and analyzing volumes of transactions. Also, he or she is in
charge of overseeing implementation and promoting interests of the clients.
Accountant/Cashier: In charge of creating the organization's budgets, financial statements, and
reports on finances. Provides management with accounting reports, development budgets, and
financial analyses. Examines the viability of the most complex projects that are proposed.
Conducts market research to predict trends and business conditions. In charge of cash
management, general ledger accounting, financial reporting, and financial forecasting. In charge
of creating and overseeing financial systems and procedures. Manages all financial transactions
for the company; oversees payroll administration; makes sure tax laws are followed; acts as an
internal auditor for the company.
Truck and Van Drivers: Helps load and unload cargo, including building supplies. • Keeps a
record of their driving actions to guarantee adherence to federal laws governing operators' rest
and work schedules. Drivers also maintain a log of vehicle inspections and ensures that the truck
has safety features such hazardous material placards. Drivers are to examine vehicles for
mechanical and safety problems and carries out preventative maintenance. They observe
business policies and procedures in addition to truck driving laws and regulations (size, weight,
route designations, parking, break hours, etc.). Gathers and confirms delivery instructions.
Drivers report malfunctions, mishaps, or infractions
6 SWOT ANALYSIS
The plan is to start with just one building materials store location in Kadoma and test the market
for a year or two before deciding whether to spend more capital, grow the company, and open
additional locations around Zimbabwe's key growing areas. Proper procedures are to be followed
for establishing a business because we are well aware that there are numerous building material
supply businesses in Kadoma, including one in the exact spot where we plan to locate ours.
There is confidence that if a thorough SWOT analysis is carried out for the company, It can be
ably positioned to best capitalize on our advantages and seize new chances.
Strengths: The company boasts of expertise and knowledge, and it’s positioning in a city
with a lot of real estate and construction activity. Having access to a large selection of
products and competitive price are two advantages.
Weaknesses: Lack of a production plant, for the fact that the firm is a brand-new
building material supply store, and our lack of financial resources make it vulnerable to
competition from multibillion dollar suppliers like Halstead and Electro-Sales when it
comes to offering building materials at deeply discounted prices. In addition, the absence
of an internet source, a restricted market budget, access to funding, or highly reliable
supplier also pose as weaknesses.
Opportunities: Countless opportunities to sell goods to a big number of people have
bloomed as the firm will be running building material supply business in one of
Kadoma's busiest building material markets. What future customers will be searching for
when they order building supplies has been taken into account since there is ability to
undertake in-depth feasibility studies and market surveys. As a result, it is well-
positioned to seize the chances that may present themselves. Additionally, there has been
a noticeable increase in internet sales, market expansion, and product development.
Threats: An economic downturn is one of the biggest challenges probably to be faced,
just like any other firm. It is a known truth that lower purchasing power, particularly for
building supplies, is impacted by economic downturns. A potential danger that might be
encountered is the opening of a new building material store in the same vicinity as the
firm’s. Negative government measures could potentially be dangerous for companies like
this. Furthermore, there is the competition from more established, bigger companies;
shifts in customer preferences and technology; and lastly, natural disasters or other
outside influences.
7 MARKETING PLAN
7.1 Marketing Strategy
In order for Zim Bolts Hardware Pvt Ltd to be able to break into the market and become the go-
to option for major businesses in Kadoma's real estate and construction sectors, carried out were
extensive market research and feasibility studies prior to deciding on a location. The company
was ably organized to draw in the number of clients desired on a regular basis by using
comprehensive information and data available. The company’s objective is to capture a larger
share of Kadoma market, thus the desire to engage consultants with extensive knowledge of the
timber and construction material supply store industry to help develop marketing tactics. The
following sales and marketing approach will be adopted to win customers:
Opening the building material supply store in a grand style with a braai party for all.
Introducing the building material supply store by sending introductory letters alongside
the brochure to construction companies, plumbers, home remodeling companies, and
other key stakeholders in Kadoma.
Ensure that the firm has a wide range of building materials from the different
manufacturing brands at all times.
Make use of attractive handbills to create awareness and also give direction to the
building materials supply store.
Position the signage/flexi banners at strategic places around Kadoma
Create a loyalty plan that will enable the business to return our regular customers
Leverage the internet to promote the business
Engage in direct marketing and sales
Encourage the use of word-of-mouth marketing (referrals)
7.2 Publicity and Advertising Strategy
Even if the building supplies supply outlet is well positioned, publicity for the company will be
increased. All potential promotional methods for the building material supply store shall be
investigated. Zim Bolts Hardware Pvt Ltd has a long-term plan to open outlets in various
locations throughout Kadoma and key towns in Zimbabwe, which is why the brand will be
continuously built in Kadoma before venturing out. The purpose of public relations and
advertising is not only to gain customers, but also to successfully convey the brand. Here are the
platforms that will be used to market and advertise. Zim Bolts Hardware Pvt Ltd; Place
advertisements in community publications, radio stations, and television stations encouraging the
use of word-of-mouth publicity from loyal customers.
Leverage the internet and social media platforms to promote the business.
Ensure the positioning banners and billboards in strategic spots all around Kadoma.
Distribute fliers and handbills in target areas in and around the neighborhood.
Advertise building material supply store business on the official website and employ
strategies that will help pull traffic to the site.
Brand all official trucks and ensure that all staff members and management staff wear
branded shirts or cap at regular intervals.
8 FINANCIAL PROJECTIONS AND SALES
8.1 Revenue and Sources of Income
Zim Bolts Hardware Pvt Ltd is in business to retail a wide range of building materials to the
businesses and residents of Kadoma and near locations. We are in the lumber and building
materials stores industry to maximize profits and we are going to go all the way out to ensure
that we achieve our business goals and objectives.
Zim Bolts Hardware Pvt Ltd will generate income by;
Retailing building materials
Retailing doors and windows
Retailing electrical supplies
Retailing fencing
Retailing floor coverings (wood or ceramic only)
Retailing lighting fixtures
Retailing plumbing supplies.
8.2 Sales Forecast
When it comes to building material stores, one thing is certain: if your store is well-stocked with
a variety of building supplies and is in an accessible spot, you will always draw consumers and
sales, which will undoubtedly increase the amount of money the firm makes. The goal of
generating sufficient income in the first half of the business to maintain customer and revenue
growth is certain to be met. The company is well-placed to compete in the Kadoma market. The
following sales figures were calculated after thoroughly researching and evaluating the market
for timber and building material stores:
First Fiscal Year: $69, 000
Second Fiscal Year: $83, 490
Third Fiscal Year: $101, 022
Fourth Fiscal Year: $122, 237
Fifth Fiscal Year: $147, 907
N.B: This forecast was made based on industry standards, the presumption that there won't be a
significant economic collapse, and the assumption that no significant competitors would be
selling the same building materials in the same place. Please be aware that the above projection
could be higher or lower at the same time.
8.3 Pricing Strategy
Aside from quality, pricing is a significant component that gives building material stores a
competitive advantage. It is natural for customers to seek out locations where they can obtain
building materials at a lower cost, which is why the leading contender in the lumber and building
material supply stores market will attract a large number of customers. Knowing how tough it is
to compete with multi-million dollar building material stores, the company will make certain that
the prices and quality of all building materials accessible in the retail location are competitive
with what is offered amongst building material supply businesses at the business level.
8.4 Payment Options
The payment policy adopted by Zim Bolts Hardware Pvt Ltd. is all inclusive as it is quite aware
that different customers prefer different payment options but at the same time, it will be sure to
abide by financial rules and regulations of the United States of America. Here are the payment
options that Zim Bolts Hardware Pvt Ltd will make available to her clients but strictly united
foreign currency to hedge against high inflation rates in Zimbabwe;
Payment via bank transfer
Payment with cash
Payment via credit cards
Payment via mobile money transfer
Due to the above, banking platforms that will enable clients to make payments for the supply of
building materials without any stress on their part have been chosen. Bank account numbers will
be made available on the website and promotional materials.
8.5 Startup expenditure
The price or cost of starting a business depends depend on the approach and scale you intend to
pursue. If you intend to go big by renting/leasing a large facility, you will need a substantial
amount of capital to ensure that your staff are well taken care of and that your facility is
conducive to workers being creative and productive. That instance, depending on the business's
aims, vision, and aspirations, the start-up cost can be minimal or large. The goods and equipment
that will be utilized are almost the same price worldwide, and any price difference is minor and
can be overlooked. In terms of a complete cost study for beginning a building material, the total
fee for registering the business in Kadoma is $250.
Legal expenses for obtaining licenses and permits as well as the accounting services
(software, P.O.S machines, and other software) – $400
The cost for payment of rent for 4 months at $700 per month a total amount of $2800
The cost for shop remodeling (construction of racks and shelves) – is $500
Other start-up expenses including stationery ($10) and phone and utility deposits ($30)
Operational cost for the first 3 months (salaries of employees, payments of bills et al)
– $1000
The cost for Start-up inventory (stocking with a wide range of building materials) – is
$6000
The cost of purchase and installation of CCTVs – $600
The cost of launching a website – is $200
Miscellaneous – $600
An estimate of $13, 390 would be needed to successfully set up the building material supply
store in Kadoma
8.6 Startup capital generation for Zim Bolts Hardware Pvt Ltd
Allan J Mzamu and Adeline Imbayago are the joint owners and financiers of Zim Bolts
Hardware Pvt Ltd, a private company. They have chosen to limit the source of the initial funding
to three main sources since they want to accept any outside business partners. These are areas
intended to generate the startup capital;
Generate part of the startup capital from personal savings
Source for soft loans from family members and friends
Apply for a loan from the investors.
8.7 Return on investment (ROI)
It is critical to detail the possible financial rewards that investors can expect from their stake in
the company in the (ROI) section of the hardware business plan. The hardware division is
dedicated to providing cutting-edge technology solutions to meet the needs of numerous
industries. A significant return on investment due to strong consumer demand for innovative
hardware goods is anticipated. Important target markets were selected and the calculation of
potential revenue streams they offer through extensive market research and analysis.
Furthermore, cost estimations and financial forecasts show a clear route to profitability within a
realistic timeframe. Also anticipated is acquiring a significant market share with a strong
marketing and sales plan in place, resulting in quicker growth and higher profitability.
9 POTENTIAL RISKS ASSESSMENT AND MITIGATION STRATEGY
9.1 Risks assessment and sustainability and expansion strategy
A company's future is determined by the number of loyal consumers it has, the ability and
expertise of its staff, its approach to investing, and the corporate structure. If a company lacks all
of these elements, it won't be long until the company goes out of business. One of this firm’s
primary goals in founding Zim Bolts Hardware Pvt Ltd is to create a firm that can exist solely on
its cash flow, without the need for external financing once the company is up and operating.
Understood is that one strategy to earn acceptance and acquire consumers is to sell a large choice
of quality building supplies at a lower price than what is available in the market.
10 STOP CONTROL SYSTEM
A sophisticated stop control system has been built as part of the hardware business plan, and it is
an important component of the product range. This sophisticated technology is intended to
safeguard the safety and security of hardware goods by preventing accidents and mitigating
potential dangers. The stop control system detects and responds to crucial situations by utilizing
cutting-edge sensors, sophisticated algorithms, and real-time monitoring capabilities. In
emergency cases, such as equipment faults or operator errors, it offers fast feedback and initiates
appropriate actions to terminate the operation of the hardware devices. This feature not only
safeguards individuals and assets, but it also protects the company's reputation and reduces
liability. The stop control system has shown to be trustworthy through extensive testing and
adherence to industry requirements.
11 CORPORATE SOCIAL RESPONSIBILITY
A heavy emphasis is placed on corporate social responsibility (CSR) in the hardware business
plan and recognizes its importance in today's business landscape. It is dedicated to incorporating
ethical, social, and environmental factors into the operations and decision-making processes.
Several essential topics are covered by the CSR programs. To begin, environmentally friendly
sourcing and production practices are prioritized, aiming to lower our carbon footprint, reduce
waste, and promote eco-friendly products. Second, a premium is placed on workplace safety,
diversity, and employee well-being, promoting a supportive and inclusive workplace. Employee
training and development programs are invested in to help them improve their skills and advance
their careers. Thirdly, there is actively participation in local communities through philanthropic
efforts, volunteerism, and collaborations with nonprofit organizations. There is hope to have a
beneficial impact on society by giving back.
12 HARVEST STRATEGY
A comprehensive harvest strategy has been designed in the hardware business plan to lead long-
term success and profitability. The harvest plan defines the approach to maximizing ROI and
capitalizing market possibilities. The method includes several components to achieve a
successful harvest phase. To begin, continual product creativity and distinctness are prioritized in
order to stay ahead of competitors and maintain a strong market presence. To find new product
development and expansion prospects, market trends, client requests, and emerging technology
have been analyzed. Secondly, a smart pricing approach is used to maximize profits while
remaining market competitive. The pricing strategy takes into account elements such as
manufacturing costs, market demand, and perceived customer value. Thirdly, strong sales and
marketing methods are employed to broaden the customer base.
12 ELEMENT ZERO
Element Zero is critical to the hardware business model in terms of product range and value
proposition. Element Zero is a novel solution that addresses a fundamental pain point in the
hardware business. By utilizing a novel energy harvesting method, it eliminates the need for
traditional power sources such as batteries or wired connections. This ground-breaking
technology not only improves usability and convenience of hardware goods, but it also
dramatically lowers costs and has a lower environmental impact. Devices become more versatile,
portable, and sustainable by embracing Element Zero. This distinguishing feature distinguishes
the business from competitors and positions this hardware business as an industry leader.
13.1 Exit strategy
Built has been a clearly stated exit strategy in the hardware business plan to present investors and
stakeholders with a clear roadmap. When the time comes to depart the business, the exit strategy
is designed to maximize returns while ensuring a smooth transition. First, possible exit strategies
are looked at like as purchase, merger, or initial public offering (IPO). Market trends are closely
monitored and discussions held with potential acquirers or partners to determine the best exit
strategy. Secondly, focus is on building a strong and scalable business model that attracts
potential buyers or investors. This involves sustained revenue growth, a strong customer base,
and long-term profitability. Thirdly, open lines of communication are maintained with investors
to keep them informed about the development. Finally, strategic planning and continual
improvement are prioritized to strengthen the company's entire value proposition and make it an
appealing investment option. Sought to be delivered is a profitable exit for investors while
maintaining the long-term prosperity and sustainability of the firm by proactively managing the
exit strategy.
13.2 Concluding Remarks
Finally, the hardware business plan offers a thorough strategy for thriving in the dynamic and
competitive hardware industry. With a focus on innovation, market demand, and profitability, the
business is well-positioned to capitalize on emerging opportunities and provide customers with
great hardware goods. Corporate social responsibility commitment ensures that it operates
responsibly and positively contributes to society and the environment. The use of cutting-edge
technology such as Element Zero, as well as a strong harvest strategy, further distinguishes us
from competitors and increases our chances of long-term success. Investors are given a clear
roadmap to maximize their returns and ensure a smooth transfer when the time comes by
adopting a well-defined exit strategy. The company has a solid basis, smart alliances, and a
customer-centric attitude.
14 Check List/Milestone Schedule
Business Name Availability Check: Completed
Business Registration: In Progress
Opening Of Corporate Bank Accounts: Pending
Securing Point of Sales Machines: Pending
Opening Mobile Money Accounts: Pending
Opening Online Payment Platforms: Pending
Application And Obtaining Tax Payer’s Id: Pending
Application For Business License and Permit: Pending
Leasing Of Facility and Remodeling the Shop: Pending
Conducting Feasibility Studies: Completed
Generating Capital from Family Members: In Progress
Applications For Loan from Investors: In Progress
Writing Of Business Plan: Completed
Drafting Of Employee’s Handbook: Completed
Drafting Of Contract Documents and Other Relevant Legal Documents: In Progress
Design Of the Company’s Logo: In Progress
Graphics Design and Printing of Promotional Materials: Pending
Recruitment Of Employees: In Progress
Purchase Of the Needed Furniture, Racks, Shelves, Computers, Electronic Appliances,
And Cctv: Pending
Creating Official Website for The Company: Pending
Creating Awareness for The Business Both Online and Around the Community: Pending
Health And Safety and Fire Safety Arrangement (License): Pending
Opening Party Planning: Pending
Compilation Of Our List of Products That Will Be Available in Our Store: Completed
Establishing Business Relationship with Vendors – Manufacturers of Building
Materials: Pending
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