Feeta Kainchi: Design your own Apparel

Abstract

This report is constituted on detailed business plan of our project which includes all the information regarding our business. Therefore, for the purpose of understanding broader landscape of our business we included information such as introduction, background and mission we wanted to achieve through this venture. Our aim is to capitalize opportunities in the service industry by targeting the common day to day basic need of getting clothes stitched of every female of modern society and delivering them their desired services in a cost effective, efficient and digital way so as to maximize customer satisfaction along with perusal of company's financial targets and aims. We plan to launch an online platform to provide a service that every female of 21st Century demands in a way that creates a win-win situation for both the customers and stakeholders. Moreover, it is an alluring concept for the present-day society which is always open to ideas that can maximize their personal and family’s comfort. Our idea isn’t just theoretically acceptable but practically implementable and financially feasible. For feasibility analysis we have performed a detailed industry and market analysis to get the idea of the trends while we will be working in our specific industry and to get an idea of the specified target market. For analyzing our financial and non-financial competencies and to initiate this venture, we have performed a financial and management team analysis and organization analysis to validate our capability which also includes discussing economies of business. Finally, for online selling we made a marketing plan explaining all the strategies we are integrating to maximize our products awareness and presence in our niche community. There is no wrong way when it comes to writing a business plan for your venture and it is not that hard what people think it is even if it utilizes a huge amount of time still its benefits outweighs its requirements as it helps in carving a mere idea into a proper business opportunity and prepares the co-founders to get aware of all the important facets and challenges that may come in the way which ultimately helps them in mitigating risks maximally. Also, a very important point to understand is, business plan evolves and grows along with the business so it’s part of your whole venture’s journey, not just a beginning.