1.0 Executive Summary
1.0 Executive Summary
1.0 Executive Summary
EXECUTIVE SUMMARY
2.0
2.1
Company Background
2.2
Business Intent
Our business started when we, a gang of four, shares the same passion
and interest in motorcycle and cars. We came from different historical
background, two of us are professional drag racers, one of us are an
extremely powerful talented mechanics, and the other one was a wellknown business guy in this sector. So we create this company to live our
dreams of becoming the top tyres and suspension sytem specialize in
Malaysia.
2.3
Growth Strategies
2.3.1 Financial Strategies
*Software Application*
The technological revolution in computers has enhanced our abilities to diagnose and repair
our clients vehicles. MoMOs will remain on the cutting edge by instituting the use of
computer diagnostic equipment in its shop. The company will continue to seek new ways to
provide a better service through technology. The following table shows the market analysis
for MoMOs tyres specialist.
Market Analysis
Year 1
Potential Customers
Number of cars in
Gombak
Other
Total
Year 2
Year 3
Year 4
145,833
150,208
154,714
159,355
164,136
0%
3.00%
0
145,833
0
150,208
0
154,714
0
159,355
0
164,136
Marketing Strategy :
The company has a modest program of marketing its services that include the following:
1. Flyers.
2. Direct mailers.
Year 5
Growth
3%
3. Discounts.
4. Newspaper ads.
5. Yellow pages.
6. Referrals through other local businesses.
Each of these marketing approaches has the advantage of being low cost and creating service
awareness. The company's long-term marketing goals are to use local radio and TV ads
similar to the other big companies ads such as Michelin and Bridgestone.
The company is also investigating the possibility of having a grand opening program that
would feature discounts, food, a local radio disc jockey, and other promotional ideas.
Promotion Strategy :
The principal owners of MoMOs tyres specialist expect that a significant number of their
previous individual customer from their past. This will provide a sufficient income until
MoMOs tyres specialist can build up a reputation and see its marketing program take effect.
This promotion strategy will take the form of flyers, direct mailers, price discounts, and
advertisements in newspapers and yellow pages. MoMOs tyres specialist does not desire to
spend a large amount on marketing until the firm is ready to expand either into new facilities
or open up new ones. It is estimated this will occur sometime after year five.
Pricing Strategy :
MoMOs tyres specialist exists in a purely competitive environment where each firm must be
a price taker. In other words, the firm has no ability to affect the market price of its services,
regardless of how many automobiles it repairs. In this case, therefore, marginal revenue (the
revenue incurred by producing or servicing one more unit) is equal to the price charged.
Furthermore, because the demand curve is essentially horizontal, MoMOs Tyres specialist
can service automobiles at total capacity without effecting the price.
What all of this means for MoMOs tyres specialist is that the company must seek to charge
its clients at the market price (or lower).
2.4
1.
Our location is far the most easiest and most superb place to build a workshop that a men can
ever thinked off. Our shop are located exactly beside the mrr2 highway between esso and
petronas. As we know there are tons of vehicles using the highway everyday and the chances
to get more customer are very high indeed. The location is also very wide and got a lot of free
spaces, very compatible for workshop activities and customers comfort.
2.4.2
Facilities
As our objective to cut cost and saving for future of the business. But this aspect cannot be
neglected plus, were trying to realistic and trying not to go overboard on the techs and
equipment but we try to get the best tools and equipment in the market without going of
budget. The answer to the problem is purchasing used equipment. It buying refurbished
equipment that cost lower but still can achieved same performance of today tools and
equipment.
Diary/Booking Planner
A jig is a type of custom-made tool used to control the location and/or motion of another tool.
A jig's primary purpose is to provide repeatability, accuracy, and interchangeability in
the manufacturing of products. A jig is often confused with a fixture; a fixture holds the work
in a fixed location. A device that does both functions (holding the work and guiding a tool) is
called a jig.
A jack is a mechanical device used as a lifting device to lift heavy loads or apply great
forces. A mechanical jack employs a screw thread for lifting heavy equipment. The
most common form is a car jack, floor jack or garage jack which lifts vehicles so that
maintenance can be performed. Mechanical jacks are usually rated for a maximum
lifting capacity (for example, 1.5 tons or 3 tons). More powerful jacks use hydraulic
power to provide more lift over greater distances and can be rated for many tons of
load.
4) Car tools :
2.5)
Market share can be referred as the market that the business controls.
The market share is determined by assumptions based on merely
observation and interviews. The table below shows the percentage of the
market.
Before MoMOs tyres specialist enters the market share:
Name of
competitors
F&R autoparts
Dyno service centre
EuroGear
Total
Percentage of
market share
35%
35%
30%
100%
30%
35%
F&R autoparts
Dyno Service centre
EuroGear
35%
Name of
competitors
F&R autoparts
Dyno service centre
EuroGear
MoMOs tyres
specialis
Percentage of
market share
30%
25%
25%
20%%
20%
30%
F&R autoparts
Dyno service centre
EuroGear
MoMOs tyres specialis
25%
25%