Business Plan For XYZ Hand Car Wash
Chaudhry, Zia (2015)
Chaudhry, Zia
Satakunnan ammattikorkeakoulu
2015
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2015092014729
https://urn.fi/URN:NBN:fi:amk-2015092014729
Tiivistelmä
The purpose of this thesis was to find out the prospectus of establishing hand car wash business in Rauma Finland. However, the main objective of the thesis was to develop a business plan for XYZ hand car wash. A conceptual framework was prepared through that all the research was undertaken. That framework included business idea, PESTEL analysis, Porter’s five factors analysis, competitor’s analysis, SWOT analysis, empirical research and business plan.
The idea of hand car wash came into author’s mind as the prices of car wash were very high and customers felt dissatisfaction. Moreover, qualitative research methodology was chosen for the research. However, semi structured interviews were adopted to collect data. The sample for the interviews was ten auto car wash owners. However, three of the interviewees agreed for the interviews. Moreover, observation was also used as data collection method. The questions were prepared in themes format for the interviews.
The results of the data showed that Finnish economy is stable and the Government supports the investment. Moreover, there is no direct competition of hand car wash business in Rauma. There are three main auto car wash centers in Rauma. Moreover, SWOT analysis showed that hand car wash business has strengths e.g. low investment, low risk and more opportunities. However, the challenges like weather, language and physical work were also highlighted in the interviews.
Furthermore, the business plan was designed with the help of BMC (Business Model Canvas). The plan showed that capital required for start-up was €1100 however the entrepreneur had his own 100% equity i.e. €13170. In the business plan, XYZ hand car wash reached to breakeven point in the first month of its operations and achieved €70, 66 net profits. This was due to the fact that there was less operational cost involved in business. The required start-up capital, XYZ profit and loss account and other appendices were also attached with the thesis.
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Hence, the results from the research strongly projected the success of hand car wash business in Rauma.
The idea of hand car wash came into author’s mind as the prices of car wash were very high and customers felt dissatisfaction. Moreover, qualitative research methodology was chosen for the research. However, semi structured interviews were adopted to collect data. The sample for the interviews was ten auto car wash owners. However, three of the interviewees agreed for the interviews. Moreover, observation was also used as data collection method. The questions were prepared in themes format for the interviews.
The results of the data showed that Finnish economy is stable and the Government supports the investment. Moreover, there is no direct competition of hand car wash business in Rauma. There are three main auto car wash centers in Rauma. Moreover, SWOT analysis showed that hand car wash business has strengths e.g. low investment, low risk and more opportunities. However, the challenges like weather, language and physical work were also highlighted in the interviews.
Furthermore, the business plan was designed with the help of BMC (Business Model Canvas). The plan showed that capital required for start-up was €1100 however the entrepreneur had his own 100% equity i.e. €13170. In the business plan, XYZ hand car wash reached to breakeven point in the first month of its operations and achieved €70, 66 net profits. This was due to the fact that there was less operational cost involved in business. The required start-up capital, XYZ profit and loss account and other appendices were also attached with the thesis.
.
Hence, the results from the research strongly projected the success of hand car wash business in Rauma.