Unit 20 Business plan LAC
Business details Company name: ExpertLevelGPS
Address: 12 Montfichet Road, LONDON, E20 1EN
Telephone number: 0330 551 5152
Legal status: Pending
Advisors: NewVic Sixth form college
Are you / will you be VAT registered: Yes to follow UK law
Do you have an online presence: No but wish to do so in the future
The business will: (Provide GPS tracker software for cyclists and other road users for extra
security)
Key personnel Details of owner(s): Aged 19 student
Name: Position/main responsibilities: Adnan Butt CEO
Experience and knowledge of our industry: Cyclist expert
Previous employment: None
Key skills brought to the business: Team work, determined, communication
Business experience and any training undertaken: None
Academic/professional qualifications: Student
Most recent salary £ N/A
Other key personnel (including shareholders):
Name: Shayaan hasan
Position/main responsibilities: Assistant CEO
Experience and knowledge of our industry: None
Previous employment: None
Key skills brought to the business: Resilient, time management
Business experience and any training undertaken: N/A
Academic/professional queries: N/A
What does the business do?
Product/service Features Benefits
Tracking lock Gives a GPS signal Shows where the bike is
Prevents thieves
GPS signal emitter Gives the location to the Can be used in a app
user
GPS Tracker/Tracker Identify last location Installed and/or used in
software app
, What are the key strengths of your business:
Strengths is that
Attitudes favourable to a large number of potential clients in the target market.
A workforce that is well-trained.
Research done in the target market to ensure success
To ensure our product/service to hit targets such as being carbon neutral by 2030 to save
the planet from omissions.
What are the key weaknesses of your business:
The requirement for external funding.
• The high learning curve that comes with starting a new industry;
and the need for a consistent volume of business to keep the necessary support workers
employed.
Budget restraints in the first couple of years
What are the opportunities:
participation in an industry that is rapidly expanding.
• There is a high probability of repeat business.
• The potential to lower fixed expenses as a percentage of each sale as sales volume
increases and rises.
What are the threats your business faces:
Franchised businesses may pose a threat in the future.
• A drop in discretionary spending due to a downturn in the economy.
• The misconception that hand and machine washing are equivalent in terms of quality/
equivalent.
The legal and insurance requirements that apply in your business are:
To be carbon neutral by 2030 to ensure compliance with UK laws regarding fumes and
omissions being released to the air.
You will meet your legal and insurance requirements by
Setting targets for me and my team
We have certain restraints in our work.
Business details Company name: ExpertLevelGPS
Address: 12 Montfichet Road, LONDON, E20 1EN
Telephone number: 0330 551 5152
Legal status: Pending
Advisors: NewVic Sixth form college
Are you / will you be VAT registered: Yes to follow UK law
Do you have an online presence: No but wish to do so in the future
The business will: (Provide GPS tracker software for cyclists and other road users for extra
security)
Key personnel Details of owner(s): Aged 19 student
Name: Position/main responsibilities: Adnan Butt CEO
Experience and knowledge of our industry: Cyclist expert
Previous employment: None
Key skills brought to the business: Team work, determined, communication
Business experience and any training undertaken: None
Academic/professional qualifications: Student
Most recent salary £ N/A
Other key personnel (including shareholders):
Name: Shayaan hasan
Position/main responsibilities: Assistant CEO
Experience and knowledge of our industry: None
Previous employment: None
Key skills brought to the business: Resilient, time management
Business experience and any training undertaken: N/A
Academic/professional queries: N/A
What does the business do?
Product/service Features Benefits
Tracking lock Gives a GPS signal Shows where the bike is
Prevents thieves
GPS signal emitter Gives the location to the Can be used in a app
user
GPS Tracker/Tracker Identify last location Installed and/or used in
software app
, What are the key strengths of your business:
Strengths is that
Attitudes favourable to a large number of potential clients in the target market.
A workforce that is well-trained.
Research done in the target market to ensure success
To ensure our product/service to hit targets such as being carbon neutral by 2030 to save
the planet from omissions.
What are the key weaknesses of your business:
The requirement for external funding.
• The high learning curve that comes with starting a new industry;
and the need for a consistent volume of business to keep the necessary support workers
employed.
Budget restraints in the first couple of years
What are the opportunities:
participation in an industry that is rapidly expanding.
• There is a high probability of repeat business.
• The potential to lower fixed expenses as a percentage of each sale as sales volume
increases and rises.
What are the threats your business faces:
Franchised businesses may pose a threat in the future.
• A drop in discretionary spending due to a downturn in the economy.
• The misconception that hand and machine washing are equivalent in terms of quality/
equivalent.
The legal and insurance requirements that apply in your business are:
To be carbon neutral by 2030 to ensure compliance with UK laws regarding fumes and
omissions being released to the air.
You will meet your legal and insurance requirements by
Setting targets for me and my team
We have certain restraints in our work.
