His plan was to establish such a business where he can figure out solution of some social problems and also personal problems too besides earning profit. Creating his own working sphere and enabling the employment to the disabled people was one of his major visions. He also wanted to ensure the employment availability for everyone by resolving the financial issues. Mr. Shahinur has a showroom and a small factory where he produces the products for sales. He has 7 employees in the showroom and 25 employees in the factory. Smart Handicraft” provides quality products to its customers. It has products of various price ranges. It has products for the people coming from different stages. Different types of product like bamboo show pieces, bamboo sofas, bags made of jute, ornaments, various cultural replicas, lamp shade, dining table, things made of clay and etceteras. Basically the products are made of different natural resources. The entire product is being made in his factory. He buys the raw materials from the market and collects the wastes from many sources which he uses in the factory.
The inception of this business was very small. Mr. Shahinur rented a showroom for 2000 taka and bought worth 3000 taka products for his store. Day by day, he was successful to overcome his problems. He started the factory in the year 2000 with his savings from his business. Now he does not need to buy the products. This business has a bright future if it is maintained carefully. Though it is a small business now, it can generate a million of foreign currencies and help improving the economical condition of our country.
Business Plan 6
... Manager: Marsid Torba. ? Technical resources ? Our products will be made at partner factories, we will provide them with material and ... one brand shops and in every multibrand showroom. The success of our business will depend on the ability to ... goods ? High quality hand-made ? High prices up to Veneta ? Leather products products 2000 € Belonging to (shoes, small leather ? Subtle glamour: noGucci ...
People overlook and think that why use handicrafts where we can have latest interior designing products. But these hand made things look much better if we use them to decorate our house. It not only makes our house look beautiful but also help us to keep our culture alive. Why use foreign culture, while we have our own rich culture! Finance: For starting the business Mr. Shahinur used to go to a training centre where he used to learn how to make handicrafts by using recycled things.
He was also working in a furniture store for gathering his capital and also for his living. The seed capital was 3000 taka. The rest of the capital was debt financed. He took a loan of 2000 taka from one of his friend and started the business. By dint of hard work he was able to overcome his situation. And now he has brought his business to stable position. Previously he used to get a small amount of profit. Some times he used to face loss. But now every month it generates a good amount of profit. After all the expenses, now he gets 60000 taka as profit every month.
The monthly expenses of his business are given below: |Showroom rent |20000 /= | |Factory rent |30000 /= | |Salaries of employees |160000 /= | |Production cost |100000 /= | |Utility expenses |30000 /= | |Miscellaneous expenses |20000 /= | |Total |360000 /= | “Smart Handicrafts” had a daily sale of worth 8000 taka. But now the sales are now declining. Recently it has dropped down to 5000 taka. So it is now a major problem and the business is facing loss. He sells the products by marking up 60% on cost amount. Overall, it is a profitable business. Moreover, Mr. Shahinur wants to penetrate the international market as well as fulfilling the local demand also. He wants to gain a public recognition for his quality product and also introduce the culture of Bangladesh towards the people of the world. Problems faced and solutions starting the business: The commencing of the business was not so easy.
The Essay on Business Ethics Across Cultures Article Review
Business Ethics Across Cultures Article Review February 24th, 2013 Egypt is a country that is in Africa that is the center for many of the Islamist movements that is going on right now in the Middle East. There is a movement that is going on right now that is called the piety movement it is based on some political implications that could come about that would bring about change. This change would ...
It took a lot of hard work, time and patience. Though there were so many difficulties, there were Mr. Shahinur got some aid too. Mr. Shahinur had to face a lot of problems for arranging this amount as he was financially disabled. He used to do odd jobs. The money which he earned was few but he used to save most of the money in a multi purpose co-operative society. But the managing committee cheated him and ran away with all his savings. Many other people were the victims but Mr. Shahinur suffered most. He did not have single money to eat. Then he started to work in a furniture store and gathered his capital again. Finally, he started his business. It was his dream which came true.
