There are 5 Parts of Every Business, each of which flows into the next: Value Creation - Discovering what people need or want, then creating it.
The automobile has not only become a necessity, but a direct statement on who the person is that drives it. The individuality of one's vehicle is very important. You see various vehicles that are the same make and model, but are seldom identical because of personal touches added by the owner.
There is an abundance of makes and models available to the everyday car buyer, but it is not the everyday car buyer to whom Dream Cars will cater. Dream Cars is a component vehicle assembly facility. We assemble vehicles that are not of the ordinary, but more personal to the buyer.
To explain further, a component, or specialty, vehicle is a domestic automobile combined with the "kit" from a different manufacturer. Kits that are available range from a reproduction Chevrolet convertible to a custom-designed, exotic-looking sports car that, for looks, will give any Ferrari or Lamborghini a run for their money.
Performance can be enhanced in these vehicles as well, not only giving the exotic look, but also the power associated with this type of vehicle. Day-to-day goings-on of the business will be the purchase of selected "donor" vehicles starting with a Datsun Z to be re-fitted to look like a Ferrari Vella Rossa Spyder.
The re-body components will be purchased from selected dealers throughout North America, with preference given to Canadian companies. Another kit to be purchased will be the Cobra replica from LA Exotics.
These kits will be assembled and the finished product sold. The overall objective of Dream Cars is to build and sell eight vehicles by the end of the first fiscal year, and double that total for the second year.
There is one Cobra Replica kit dealer in London, but he is not a manufacturer or assembler. The closest competition found is in Windsor, and this firm specializes in the Lamborghini replicas. There are 3 other builders in southern Quebec, two offering Pontiac Fiero re-bodies and the other specializing in the Cobra replica.
Dream Cars will assemble and offer these vehicles, but also several others for a more diversified and consumer demand-oriented platform. Preference will be given to Canadian companies, then the United States, then Europe.
The supplier of the Cobra kits will be a company called Luxury Ltd.
This supplier was chosen because of the quality of service and product, as well as a guarantee of availability of parts. They have also granted Dream Cars dealership rights in Canada for their Cobra replicas. Parts availability has been a major problem for some of the larger manufacturers of these kits.
For the Fiero parts, either Red Dragon Inc. For specialty orders from customers, suppliers will be sourced on an as-needed basis. Of course there are always exceptions to the demographics, but this will comprise the majority of our customers.
This data is derived from inquiries to the magazines that support this trade, as well as the other similar businesses and a survey of people who have purchased or are going to purchase a pre-assembled component vehicle. With the customer base expanding to all four coasts, there is a very large clientele.
We are expecting, however, the majority of our customers to be from the west coast, namely the lower half of British Columbia, down into the Portland, Oregon area. This constitutes a population of approximately 10 million.
Taking 30 percent of that figure to represent the adult population leaves 3 million prospective customers. Out of that 3 million, approximately 20 percent will be in a position to purchase our product. This leaves a customer base ofpeople.
This will more than satisfy the goals of selling eight cars the first year and sixteen the second. Dream Cars will, however, arrange to have a vehicle shipped anywhere in the world. The total cost of production is divided by. This will, of course, leave some room for negotiation on the actual selling price.
The average time required to assemble a Cobra kit, for example, is between and hours. This is with 16 vehicles sold and a five percent inflation rate taken into consideration. Cost Breakdown 1st year.There are seven major sections of a business plan, and each one is a complex document.
Read this selection from our business plan tutorial to fully understand these components. A brilliant marketing plan that is not executed is worth much less than a mediocre marketing plan that's carried out.
The plan's value is in the success of the business. Within this general framework, successful marketing plans have several key elements. Maskot/Getty Images An Executive Summary is the first and most critical part of the success of the business initiativeblog.com Executive Summary offers a synopsis of your business plan and highlights the key points you want to address in the rest of your document.
This component vehicle assembly business provides buyers with replicas of luxury automobiles and other specialty cars. The following plan outlines specifics on successfully working with other specialty car manufacturers to provide buyers with a personalized and rare vehicle.
Good job, you have a Business Continuity Plan! But how do you know if it will do its job? The answer is testing, and here are three ways (3) to do it right. Annex D Annex D: Sample Business Plan Page D-5 • A positive public image coupled with aggressive deal prospecting and fund promotion in Mexico.
• At least $2 attracted to Mexico projects for every $1 invested by MCIC in funds.