Solarglaze Business Plan

3.1 0PERATIONS-ADMINISTRATION

3.1.1 Business premise

(a) Location

The business will be located at ground floor, 21 Argyle street, Parramatta NSW 2150. And it will be named as SolarGlaze business. This is a brilliant location for your business, as this location will draw attention of potential clients and customers because Parramatta is a big suburb and it is known for major business district in the metropolitan area of Sydney, Australia.  

 (b) Council rules and permits

There is no council restriction, permit and other license required for our business.

(c) Access to target market

Your business location is located close to major traffic routes and public transport allowing our customers to easily access our premise or visit our showroom. There are also parking spaces available for customers. Our target customers are located all over Australia and in Sydney are mainly located in the Western, South, Southeast and Northwest of Sydney areas, therefore our business is located within a 35-km radius of our target market.

For detail view of location refer to Appendix OA3.1

3.1.2Rental Agreement

This place will be leased for 3 years, renewable at the end of the lease will be signed. The lease rent is estimated to $1600 per fortnight and $38000 per annuam. your business needs a small showroom and storage room for our products, therefore some fit-outs are required for our products display and storage. The agreement covered all the major and minor details of changes required in the interior design of showroom, and maintenance work required and carried out on the site.

Refer to Appendix OA3.2 for property and rental details.

3.1.3 Street Advertising

street advertising also necessary once your business starts operating. In addition to other advertising and promotion tools as mentioned in ……… . for the street advertising for SolarGlaze business, we recommend to do followings:

• Transit stop advertising
• Moving advertising, where your business advertise through constant moving diverse tools as, buses and taxes for long term advertising.
• Smart screen, we recommend to place a smart screen outside the office and showroom to influence the shoppers journey.

Refers to Appendix OA3.3 list of street advertising expenses.

3.1.4 Utilities

Solar-Glaze business has various utilities expenses that include rent, water, electricity, telephone, fax and internet. There is also some other Insurance expenditure can also be included in utilities expenditures. The following insurance will be required for the business;

• Professional indemnity
• Public and product liability
• Workers compensation
• Cancellation losses
• Vehicles
• Debt

The estimation cost of these insurance will be approximately $3000 in the first year of business.

For the necessary security precautions for the business assets and clients records include the establishment of a security locked cabinets for the manual records, whereas the website will be needed for the online security of records, and electronic data will be backed up consistently  and also stored off-site.

Information Technologies

The following IT systems will reruire in the Solar-Glaze business:

Microsoft office: Microsoft office have everything that this business need. For making presentation there is PowerPoint and for preparing business papers, use Word. Excel can be used to keep track of sales and calculating things. Moreover, they can take notes with OneNote and send with Outlook. Other applications of Microsoft Office suite enable the employees of business to create marketing materials, signs, brochures, hand-outs and nearly anything else with Publisher, moreover they can manage and create database with access.

MYOB: In addition, we advise business to use MYOB accounts right plus v19 for accounting purpose. MYOB is considered as one of the paramount software for accounting purpose for commercial accounting and it is best suitable for all types and size of businesses, POS and payroll. This software is designed to assist the users to enter Bills, payroll, retail point of sale, job management. It is also help to give professional tax solutions, and create purchase orders. It is very user friendly which helps to save time, make process quick just with the click of button. It helps companies grow from a single entrepreneur all the way through having hundreds of workers. Account Right Premiere version of MYOB costs $99 per month, which is an online version and specially recommended for the commercial work. Even MYOB is also available in office work which comes with the membership of one year, which can be renewed in the yearly basis.

EFTPOS:  we recommended business to use EFTPOS service provided by Commonwealth Bank. Business will require one device and it will cost $ 30 per month under the Merchant Plan of bank, which allow your business to pay a monthly amount of your EFTPOS device and business bank account, which is based on usage based on excess usage, 1.5% applies to any monthly card turnover over your included amount (Commonwealth Bank Mobile EFTPOS Facilities, 2017). As long as your business stay within the included monthly cared turnover, you will charged one fixed amount for every month for EFTPOS machine and business bank account. And there is no joining fee and no lock in plan.

Equipment required

The equipment required for our business will be:

• Desk
• Office chairs
• Computers and monitors
• Printer, fax machine and scanner
• Answering machine
• Filing cabinet
• Internet access
• Telephone line
• Mobile phone
• Air conditioner

The estimated cost for these items will be $8 500. More equipment will likely be needed in the future as the business expands. A business car will likely be needed in the future for our business needs.

Organisational structure and staffing

At the start of the business, the director will perform most of the tasks such as:

• Procurement and imports duties
• Administration and customer enquiries
• Sales and marketing
• Orders fulfilment and delivery
• Bookkeeping
• Management of business

One casual employees will be employed to assist with the day to day tasks such as direct marketing, orders fulfilment, products deliveries and receipts, imports clearing, preparing quotes, answering customers’ queries, showing and explaining our products to customers. That person will work under the direction of the managing director.