Business Idea Plan Report Write a business plan report using the following structure: The Executive summary Name of the Business Opportunity / statement o

Business Idea Plan Report Write a business plan report using the following structure:

The Executive summary
Name of the Business
Opportunity / statement of problem
Brief description about the product or service
Capital and price
Brief about Marketing plan
Description of the business
The mission and objectives of business
The name of the business-Brand name
The legal status of business
Detailed explanation of the product or service
Why people buy this product or service
What is your USP
Human resources
Owner and partner’s qualification, technical skills, and experience
An organization chart
Human resources duties and responsibilities
Marketing plan
Market research
Marketing strategy ( Place; Product; Price ; Promotion )
Competitive Analysis
Operation plan
Preparing for Business ( rules and regulation to start business)
Operation process
Plant and equipment ( cost and suppliers)
Delivery to customers
Technology used
Capital and financial plan
Capital size
Capital sources
Government support programs
Fixed cost
Variable cost
Startup cost
Explanations of costs
Projected and explanation of cash flow
Break even analysis

*** Word count: 1500 words.

*** In-Text Citation and References using Harvard style.

*** An attachment related to the report has been uploaded. MNGT100
Business Idea Report (15%)
Submission date: Week 8
Part 1: DESCRIPTION OF THE BUSINESS
1|Page
Month:10 /YEAR2022
NAME OF THE BUSINESS IDEA:
Training institute
COMMERCIAL NAME OF THE BUSINESS:
Great Bonding Wall
Location: Muscat, AlKhuwair
With the growing knowledge of entrepreneurs and students in Chinese language, the Omani
trade is flourishing with China because of the proficiency of the entrepreneurs of this
language and the efficiency of dealing with Chinese traders, in addition to increasing the
knowledge and culture of students in this language and preparing them for trade in the future.
Economic relations between Oman and china have existed since ancient times and are
still in close and continuous contact so far however there are no institutes to learn
Chinese language and trade relations from this point of view we will setup an institute
to learn Chinese language and trade relations to facilitate the transaction and earn
more profits so we need it because of the high cost of translators and the inability
sometimes to manage and solve some commercial problems.
Deals with the economic variables between the Omani and Chinese markets and facilitate the
process of trade exchange between the two countries.
Project goals:
1 – provide employment opportunities for the two.
2 – encourage young people to trade in China.
3 – identify a new culture.
2|Page
Provide Chinese language service 2 Teaching: The project will provide the following services
method of dialogue and business dealings with China4 – Teaching principles of trade.
Our project will be a commercial partnership between two people. The location of our project
in Al Khuwair and the building will be a design inspired by the Omani and Chinese heritage.
The two-storey building will contain training halls equipped with the latest high-quality
displays with adaptations in these halls, this room will be dedicated to the practical
application of how to deal with merchants.
We are not alone, but distinguished because we offer suitable prices and strategic location, in
addition to the fact that we have easy ways to facilitate education, that we have methods and
methods to teach both categories.
Our clients are both male and female and are divided into two categories. The first category
includes entrepreneurs and their ages ranging from 35-55 years. The second category
includes school students aged between 7-15 years. The monthly income is approximately RO
2250 per month.
The project income is 25,000
The growth of the Omani economy 4. We will provide 20 working opportunities for those .2
wishing to work in our institute.
here is little demand for the service because of the difficulty of accepting a new service of this
type.
2 – It is desirable to satisfy the needs of some entrepreneurs who know about international trade
3- There is a return on our service.
4 – After the customers have benefited from the services they have established their own
business, Financial crisis and contribute to the recovery of the Omani economy.
3|Page
5 – Total funds to start the operation 25.000 riyals.
Customer 1:
Difficulty of the Chinese language in general is not as easy as the English language.
Customer 2:
Lack of teachers with good competence and get them from China easily and even if you have
them will be their monthly entree.
Customer 3:
Encouraging young people to trade in China through learning Chinese language.
Customer 4:
Lack of students Great for the difficulty of accepting this idea because it is new.
Customer5:
a useful project and serves the state and may be supported by the future by the state.
4|Page

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