Mobile Repair Start Up Business Plan - PowerPoint

							  BUSINESS
FUNDAMENTALS
 What, Why and How



    NAZIR AHMAD CHAUDHARY
WHAT
                   Businesses
   Business is an activity to generate profit and
    maximize the wealth for owner? YES/NO

   Non-Profit Enterprise
   For Profit

   Businesses are Customers
    (Computers, furniture, machines, carpets, building,
     printing, mobiles, internet, book keeping, car, bank,
     services etc.)
What do you do?

         Invest          Plan
 Design            Present
                                     Source
  Buy             Look after
  Move                                Transmit
              Grow
                               Profit & Loss
Advise
                  Contribute        Share
  Who do you do it for?

    Investors               Subscribers
                Yourself

                   Employees
Whole sellers                  Customers
    Charities     Buyers
                            Suppliers
                Retailers
    Society
                               Students
  Economy         Users
WHY
Business Idea

   Type of Business (Service, Manufacturing,
    Wholesaler, Retailer etc..)
   Name of Business
   Logo
   Slogan
   Stationary (Letter head, visiting cards,
    brouchers)
   Website
CHOOSING PREMISES
   Work from Home
   Managed Workspace
   Business Incubation
   Commercial Letting
Consider Extra Cost
   Repair
   Insurance
   Service Charge
   Business Rates www.mybusinessrates.gov.uk
  Business Plan

• Details of the business' legal status, key
  personnel, aims and objectives.
• Details of the products and services
• Details of your target customers
• SWOT - Analysis
• Competitive edge
• Marketing Strategy
• How and where your business will operate.
• Financial requirements, including how much
  money is needed and when it is needed.
Raising Finance


                     Bank Loans

                     Business Angels

                     Grants and Awards
                     BUSINESS TASKS
 Researching your idea or market
 Finding premises
 Preparing a business plan
 Raising start-up finance
 Dealing with banks and others institutions
 National Insurance, VAT and tax
 Bookkeeping
 Designing promotional material
 Dealing with customers
 Selling face to face
 Recruiting staff
 Purchasing stock and equipment
 Writing business letters
 Health and safety requirements
HOW
Some Characteristics of successful
Businessman.

    Clarity                Flexible
    Confidence             Communication
    Drive                   skills
    Positive attitude      Perceptions
    Risk-taker             Organisational
    Decision-maker          skills
    Open-minded            Determination
    Delegation             Focus
Types of Business

   Sole Trader (you enjoy all profit but
    personally liable for debt)
   Partnership (advise, technical expertise,
    ideas, finance)
   Limited Company (Limited liability for debt,
    better recognition, tax, annual returns, VAT,
    National Insurance
More Information


   Tax Liability (www.hmrc.gov.uk)

   Employing Staff (www.dti.gov.uk/employment)

   Data Protection (www.ico.gov.uk)

   HM Revenue & Customs (www.hmrc.gov.uk)

   Health and Safety Executive(www.hse.gov.uk)

   Companies House (www.companieshouse.gov.uk)
Business Help Organizations

   www.westfocus.org.uk
   www.businesslink.gov.uk
   www.princes-trust.org.uk
   www.shell-livewire.org
   www.bridgesventures.com
   www.chamberonline.co.uk
The End


          Question
          Time
My Contact Detail

   Nazir ahmad, Brunel University West
    London. Department of Electronics and
    Computer Engineering.
   Mobile: 07960119509
   E-Mail: exittsoft@ieee.org
   Website: www.nazir-chaudhary.com