Business Project
Business
The problem of alternative source of energy has a high topicality nowadays. People all over the world try to seek for alternative ways of getting energy from artificial sources as the fact that natural resources are limited and may be completely consumed in the nearest years creates high danger. That’s why for my business project I have chosen the topic connected with the recycling of litter into energy for supplying towns and cities with power. This tendency is very popular among many European countries and it has shown its efficiency in practice. In my business project I would like to focus on the remaking of litter for supplying an institution, for example a school, with the alternative energy which is several times cheaper than traditional ways of power production.
as well as litter is a cheap raw, remaking it with the help of special technology will decrease the price of power;
the usage of waste instead of natural resources is one of the ways of producing alternative energy which will help to save natural resources;
power, water and nuclear plants pollute the environment and so does the litter trashed by people. But gathering and remaking it will satisfy both: environmental safety and people’s needs for power.
There is a wide range of people and institutions who will be interested in cheap and alternative power. As it was mentioned, my business project would be firstly oriented towards schools and their provision with alternative power. But of course, besides educational institutions there will be different companies, financial and social institutions, environmental companies which will be interested in reducing their expenses on power and electricity and transit to the usage of cheaper power. It would be useful and efficient for them to invest into the restructuring of their equipment as this input will pay itself off within a couple of years. When the efficiency of the given project appears evident and clear to the population and citizens in general, I am sure that they also will invest into improvement of their home economics. But of course, for private homes this deposit will pay off for a longer period of time than for big companies. As for the stakeholders who will be interested in this investment, I suppose that creditors and government are those institution whose attention will be attracted most of all. Firstly, creditors actively participate in the programs connected with the usage of alternative energy as they realize the topicality and importance of this process for modern and future perspectives and the fact that they will be highly profitable. Secondly, the government is interested in finding new sources as they understand the fact that natural resources are not limitless; also, the aspect of environment protection is of high prominence for government and the Ministry of Energy, the Ministry of Agriculture and the Ministry of Health and Human Services in particular.
The first milestone of my business plan is the profit expected. The plan will give the first financial returns nearly in 6-9 moths after implementation of it into a real life working process. This time will be needed for making contacts with the producers of the technology required for remaking the litter, finding clients and establishing the technologies within companies. Then the plan will start working and giving expectable profit. The second milestone, which is actually based on the first one, is the expand. With the course of development of the business plan activity and making the range of clients wider it is possible to expand the area of the business plan and start working within the state or even the country. It is very important to develop the list of contacts and clients and look for new markets in order to spread the plan and increase the income. The third milestone is the increasing of the stuff office. As well as the company and plan develop and new amount of work appears, the hiring of stuff will be essential. It will definitely help to perform wider range of tasks quicker and better. The working stuff of the company is also a bulk of the company as they create the whole process of implementation of a plan into reality.
The time-table of the activities would look like this:
hire working stuff and begin the implementation of the plan into reality – 1 month.
The costs needed for the implementation of the plan into reality may be classified into:
direct – include the costs for equipment supplement, production, stuff wages;
indirect – costs connected with non-production activities and operations;
The sum of direct and indirect costs gives the total expenses. For my business plan the approximate sum for starting capital is near 80 thousand dollars which includes transport, rent, labor, equipment, marketing and consumable expenses.
I suppose that the greatest challenge of my business plan will be connected with its practical realization and expenses. It is very important to find reliable investors and creditors. To face this challenge and work it out I will try to create good advertising so that to attract the attention of various investing institutions who will agree to credit my business plan and help with its realization. Also, all the details must be thoroughly thought through in order to avoid various unexpected problems or challenges.
Creating a business plan is a very responsible and difficult task, but its realization is even more difficult and requires a lot of efforts. That’s why before starting own business a person should be perfectly sure about its success.
