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    Brief Business Plan Best Bicycle Model

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    Ketatomas Faustino
    Best Bicycle Delivery Service presents a business opportunity for fast, environmentally friendly local deliveries by bicycle. The business will be run by one employee and have no managers. Market research found that customers are interested in the service and often experience delays from car services. The business will advertise through email, social media and offer competitive $10 per delivery pricing. Startup costs are $200 with operating costs of $11,050 per year. Revenues are projected to grow from $7,800 in year one to $18,200 in year three, becoming profitable in years two and three.

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    Brief Business Plan Best Bicycle Model

    Uploaded by

    Ketatomas Faustino
    112 views3 pages
    Best Bicycle Delivery Service presents a business opportunity for fast, environmentally friendly local deliveries by bicycle. The business will be run by one employee and have no managers. Market research found that customers are interested in the service and often experience delays from car services. The business will advertise through email, social media and offer competitive $10 per delivery pricing. Startup costs are $200 with operating costs of $11,050 per year. Revenues are projected to grow from $7,800 in year one to $18,200 in year three, becoming profitable in years two and three.

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    Best Bicycle Delivery Service presents a business opportunity for fast, environmentally friendly local deliveries by bicycle. The business will be run by one employee and have no managers. Market research found that customers are interested in the service and often experience delays from car services. The business will advertise through email, social media and offer competitive $10 per delivery pricing. Startup costs are $200 with operating costs of $11,050 per year. Revenues are projected to grow from $7,800 in year one to $18,200 in year three, becoming profitable in years two and three.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    112 views3 pages

    Brief Business Plan Best Bicycle Model

    Uploaded by

    Ketatomas Faustino
    Best Bicycle Delivery Service presents a business opportunity for fast, environmentally friendly local deliveries by bicycle. The business will be run by one employee and have no managers. Market research found that customers are interested in the service and often experience delays from car services. The business will advertise through email, social media and offer competitive $10 per delivery pricing. Startup costs are $200 with operating costs of $11,050 per year. Revenues are projected to grow from $7,800 in year one to $18,200 in year three, becoming profitable in years two and three.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    English for Business & Entrepreneurship

    __________________________________________________________________________________________

    Brief Business Plan Model

    Best Bicycle Delivery Service


    Brief Business Plan
    2016

    EXECUTIVE SUMMARY
    Best Bicycle Delivery Service presents a very exciting opportunity in my local market with busy
    people. Best Bicycle will give customers faster delivery than the competition. Revenues are
    expected to grow from $7,800 to $18,200 in three years.

    BUSINESS DESCRIPTION
    Product
    Best Bicycle Delivery Service is a delivery service that helps busy people quickly deliver products
    in the local market and help the environment at the same time.

    Management and Operations


    Best Bicycle will have zero managers and 1 employee. Best Bicycle will answer calls, schedule
    deliveries, and make deliveries by bicycle.

    MARKETING
    Market research
    Opportunity: Best Bicycle presents an exciting opportunity in my local market with busy people
    who buy and sell products by phone or online in the local community according to the following
    data (Total survey respondents = 20).
    Evidence:
     “Are you interested in using the Best Bicycle Delivery Service?”
    o Respondents are interested in using the Best Bicycle Delivery Service.
    o 80% (8 men, 8 women) responded either “yes” (12) or “maybe” (4)
     “Do you often buy and sell products by phone or online in the local community?
    o Respondents buy and sell products by phone or online in the local community.
    o 90% of respondents (10 men, 8 women) responded “yes”
     “Do you ever experience delays from car delivery services?”
    o All respondents have experienced delays from car delivery services.
    o 100% (10 men, 10 women)
    English for Business & Entrepreneurship
    __________________________________________________________________________________________
    Competitive analysis
    Best Bicycle has 3 direct competitors and 2 indirect competitors in my local market.
     Direct competition average price for similar product: $15 per delivery
     Indirect competition from the postal service and customers picking up their own
    purchases.

    Marketing Mix
    The following marketing mix will create the biggest sales for Best Bicycle because it is uniquely
    designed to attract busy people who buy or sell local products by phone or online.

    Product Things to consider (Goods): Best Bicycle


     Sizes  delivery of small
     Colors packages by bicycle
     Styles  any location in the local
     Features market
    Things to consider (Services):  delivery time: 30 minutes
     Sizes or less.
     Styles
     Features
    Price Things to consider: $10 per delivery in cash. ($5
     Profit less than the competition)
     Profit margin
     Competitor prices
    Place Things to consider: Customers will schedule the
     Where the target market service by phone.
    shops for this product
     Costs of selling
    o Directly
    o Through other
    businesses
    Promotion Things to consider: Advertise: email and social
     How people will learn media
    about the product
     Advertising
     Special pricing
    English for Business & Entrepreneurship
    __________________________________________________________________________________________
    FINANCIALS
    Figure 8.1: Startup costs
    Used bicycle with a basket $75
    Backpack $25
    Basic Smartphone $100
    TOTAL Startup Costs $200

    Total startup costs will be $200.

    Figure 8.2: Sales & Revenue projections


    Year 1 Year 2 Year 3
    Expected Sales 780 1300 1820
    Price per product $10 $10 $10
    Expected Revenue $7,800 $13,000 $18,200

    Revenues are expected to grow from $7,800 to $18,200 in three years.

    Figure 8.3: Cost projections


    Year 1 Year 2 Year 3
    Startup Costs $200 <None> <None>
    Operating Costs $11,050 $11,050 $11,050
    Expected Costs $11,250 $11,050 $11,050

    Operating costs will remain stable for Years 1, 2, and 3.

    Figure 8.4: Income statement


    Year 1 Year 2 Year 3
    Expected Revenue $7,800 $13,000 $18,200
    Expected Costs $11,250 $11,050 $11,050
    Expected Income -$3,450 $1,950 $6,950

    Income is expected to grow from a loss of $3,450 to a profit of $6,950 in three years.

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