OBJECTIVE OF STARTING A BUSINESS (can be family owned)

 

OBJECTIVE OF STARTING A BUSINESS (can be family owned)

             

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To be self sustainable in life

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To do what we enjoy the mo most st in this life

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Leave a fruitful legacy for the next generation

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Chance for inhouse family members to display their expertise in overall management

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Quality of life to live and die with no regrets regr ets

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Create employment for internal and external crowd

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Generate MONEY in the right manner

Business Idea The plan is start as a group company in the name of M & Annamma . This will be the parent company for M & Sons which can be diversified in the future into various areas based on individual expertise avialable inside the family. For eg: Schools, restuarants, Boutiques, Hospitals, Advertising & PR firms, f irms, Plantations etc. Objective of the business will be wealth maximistion max imistion rather than profit maximisation. The first business venture will be a Textile showroom. Why Textile showroom? Reasons are many. 1.  Low capital required based on initial market research researc h 2.  Knowledge on the availability of taking stock (Tirupur, Bangalore…etc)  Bangalore…etc)  3.  High margins that can be generating which w hich in turn can be used as capital to start other business 4.  Credit facility available (3 months) from stockists Simple analysis  analysis  A T shirt bought for Rs. 100 at tirupur can be sold at R Rs. s. 250 with a profit of Rs. 150 (Minimum). Selling 100 units can provide Rs. 15,000 profit. The overheads can be rent for the shop, salary for an emplyee, transpotation cost.