Business plan (Essay Sample)

BUSINESS PLAN
Business Plan
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Executive Summary
Washology will be a premium car wash business that will be located at the outskirts of Bangkok, Thailand. This is due to high traffic in the area and the huge population of about 9.3 million. The car wash will seek to provide quality services that supersede that of the competitors. The business will establish the car wash market by about 70% of the market share as well as increase its revenue by over 4%. The business will provide two types of services, which include: premium car-wash and coating. The start-up capital for the car-wash business will be approximately $25,000,000. The business will treat customers as the greatest asset for the business, which will guarantee success in the business. Quality services that will surpass expectations will launch Washology as the premier car-wash and coating services. The business will be managed by the owner because the business is still growing. It will also hire 31 employees during the start of the business (Blackwell 2011).
Business
Washology will be offering clients with two services: car washing and car coating. There are several cash wash services located in Bangkok that will provide direct competition to the company. However, in the location, there are no predominant cash wash businesses, which may satisfy as well as completely dominate in this type of business (Blackwell 2011). The competitors, which will pose direct competition to the business in Bangkok, will be G2C Glass Coating Club as well as CTS Crystal Sealed. However, this will not be a big threat to Washology because they will offer premium car wash services currently not offered in Bangok. Most of the car wash companies are trying to compete based on price alone. Washology s' capacity to offer a premium service, both in line with the authentic car wash and customer service is all founded on their capability to find the best staff. Recruiting the best staff is cost effective since it lowers human resource costs linked with turnover and other worker costs. In addition, recruiting the best staff and ensuring that are well articulated makes sure that they offer high quality services to the clients hence customer satisfaction. This will entail providing excellent working environment. Study after study confirms that a happy worker is far more probable to offer the utmost level of customer service compared to a worker who is unhappy as well as feels that they are being exploited by the company. Furthermore, there will be indirect competitors in Thailand, such as Yuma Motors, S.E.C auto sales, AMG Auto, and TSL (Blackwell 2011). Coupled with premier cash wash services that will offered by the company, the company will charge premier prices since most of the customers are professionals who pay premium prices for high quality services.
The Customers
Washology recognizes the fact that customers are the greatest assets for its success. Therefore, customer in the company is treated as a king. The business model for the company will be B2C, which concentrates on providing their services directly to the client. Washology will target four major groups of clients: car dealerships, personal car owner as well as leasers, professionals, and local businesses. This means that Washology is a premium car wash business, which offers high quality service alongside high prices compared to other cash wash companies around Bangkok. This means that the target market for the business will residents of Bangkok, who presently have super car or fascinate in car as well luxury cars. The adjacent area is quite wealthy, 40% of the inhabitants earn about $70,000 annually. Accordingly, they have classy cars and need them to look classy. There are five diverse car dealerships in a three-mile radius that will need car washing as well as coating services for the different fleets. In addition, there are lots of different local businesses, which have firm cars and that need clean appearances (Blackwell 2011).
Management
Because the company is still small it will managed by the owners. The strength of owner's experience assistance is Washology' competitive edge will contribute greatly to the success of the business. The owner will be the overall manager and will manage all the activities in the car wash. The owner's capacity to manage the business effectively will be boosted by the knowledge, which he acquired while pursuing his MBA. Furthermore, the owner has great experience and understanding of supercar. The business in order to be success will recruit 31 employees during the initial stage and as the business grows the number will be increased. The addition of employees will be dependent on the stability of the business. The management will promote its employees based on high quality performance. The company will outsource a lawyer to consult about consumer protection law as well as corporate regulation. An accountant will be also hired to assist in financial section in terms of managing finance...