Business Enterprise THE BUSINESS PLAN Ahmad Abduljabbar AlmarzooQ 20900286 Anupam SHailaj Contents 1.0 Executive Summary ............................................................................................................. 3 2.0 Business Profile.................................................................................................................... 3 2.1 The Business .................................................................................................................... 3 2.2 Key Products and Services ............................................................................................... 4 2.3 Mission and Vision statements ....................................................................................... 5 2.3.1 Mission .................................................................................................................... 5 2.3.2 Vision ....................................................................................................................... 5 2.4 Business Model in brief ................................................................................................... 5 2.4.1 Value Proposition ........................................................................................................ 5 2.4.2 Revenue Streams ......................................................................................................... 6 2.5 Objectives and Goals ....................................................................................................... 6 2.6 Legal Requirements ......................................................................................................... 7 2.7 Key people ....................................................................................................................... 7 2.8 Experience and Qualification........................................................................................... 8 2.9 Market Position ............................................................................................................... 8 2.10 Competitive Advantage ................................................................................................... 9 3.0 Marketing Plan .................................................................................................................... 9 3.1 Target Market .................................................................................................................. 9 3.2 Marketing Tactics .......................................................................................................... 10 3.2.1 Product .................................................................................................................. 10 3.2.2 Price ....................................................................................................................... 11 3.2.3 Place ...................................................................................................................... 11 3.2.4 Promotion .............................................................................................................. 12 3.3 4.0 Tactical Marketing Plan ................................................................................................. 12 Finance .............................................................................................................................. 13 4.1 Cash flow forecast for the 1st year................................................................................. 14 4.2 Profit & Lose Estimate ................................................................................................... 14 4.3 Balance Sheet ................................................................................................................ 14 4.4 Break-even Analysis....................................................................................................... 15 4.5 Start-Up cost .................................................................................................................. 15 5.0 Human Resource Requirements........................................................................................ 16 5.1 6.0 Basis on hiring staff ....................................................................................................... 17 Operations ......................................................................................................................... 17 6.1 Main Supplier ................................................................................................................ 18 6.2 Product quality .............................................................................................................. 18 7.0 Contingency Plan ............................................................................................................... 18 8.0 References ......................................................................................................................... 19 Bibliography................................................................................................................................... 19 1.0 Executive Summary “Power house” is a supplement shop that already exists in the capital Manama and is owned and run by my uncle. The idea is to open a new branch in a less crowded place than Manama while keeping the same positive brand image and enhance it to meet the customers’ requirement where the demand of supplement is increasing along with the increase of gym membership in Bahrain. And the reason of opening this shop is because iam a user of supplements for 6 years and I see there is a gap in the market along with 13 people I have interviewed where many shops get out of stock because of the high demand, added to the fact that 60-62% of both genders in Bahrain are considered to be obese according to Nadia Gharib; the head of the nutrition section in the ministry of health. (TradeArabia, 2010) which makes people aware of the situation and this is why many people are converting to a healthy lifestyle by joining gyms and fixing their eating habit. However, not any can do so because of the busy life style people have in this time of the world they rather have a fast meal on the go rather than have a home cooked meal every day, and power house business provide a food substitute that is fast and healthy at the same time. The location of the business is very important as it is supposed to spread awareness about us the moment we open the doors as it is located near FIT gym in Riviera palace in Sehla area and most of the gym members are expected to be very interested in our supplements as supplements and working out goes hand in hand. 2.0 2.1 Business Profile The Business Power house vitamin shop is going to be a new branch for the already existing main branch in the middle of Manama city which is owned by my uncle. The new branch will be located in the Rivera palace hotel that is in Sehla area nearby FIT gym which is very well known gym that is already operating in that place; the reason for choosing this place is to attract more customers especially the gym members who are very likely to be using supplements and need a constant access to supplements on a daily basis. Added to that, Sehla area is in conjunction with three villages and close to KSA which is another potential target as the prices of supplements in KSA are very high compared to Bahrain and many visitors drop by supplements store to buy their products. Added to the fact that this area has no competitor and the closest one is in Isa town which is around 12km away. The legal structure for the business is “sole trader” where I’m classed as self-employed and run my own business as individual and I can keep all the profit for myself after paying the taxes. The reason for choosing this structure for the business is because it is a small business and I have the knowledge and the experience that qualify me to manage it by my own. However, ‘sole trader’ doesn’t mean that I cannot employ people but that I am personally responsible for the business. I, Ahmed AlmarzooQ the owner of the business, contact details: 2.2 - Mobile Number: 38808582 - Personal Email: Ahmad.almarzooQ@gmail.com - Personal Address: Duraz. House 624, Road 311, Block 522 - Business address: Rivera Palace, Sehla, Bahrain. - Business Facebook Page: www.facebook.com/PowerHouseBahrain - Business Twitter page: www.instagram.com/PowerHouseBahrain - Business contact number: +973 1722727 Key Products and Services The Business will be providing a wide range of supplements from top well-known brands such as: Protein powder: that includes Whey protein which is a fast acting protein, Casein Protein which is a slow release protein. Branch Chain Amino Acids (BCAA) Glutamine. Fat Burners. Creatine. Carnitine. Pre-workout stimulants and post workout drinks. Vitamins and Multi-vitamins. Weight Gainers and Meal replacements. Added to that Power house will be providing a range of gym accessories such as lifting belts, lifting gloves, bags, and other gym accessories. Furthermore, the shop will be having an expert in supplements and nutritious to advice you with the best tailored supplement plan the customer need depending on his goals. In addition, there will be a session every two weeks with one of the bodybuilding national teams/Certified Personal Trainers to give advices and answer questions of the audience. 2.3 Mission and Vision statements 2.3.1 Mission “To provide every customer with the best tailored supplementation plan to help them reach their optimum fitness goals.” (AlmarzooQ, 2015) 2.3.2 Vision “Supplement individuals to reach their fitness goals for a healthier and a better community.“ (AlmarzooQ, 2015) 2.4 Business Model in brief 2.4.1 Value Proposition “Throughout my experience as a personal trainer for 3 years and a user of supplements for around 5 years, and by asking people who uses these products, the main concern is the quality of the products and whether if they are authentic and original or not since there are many fake products are being introduced to the market; as the label for example claims that each scoop has 25 grams of protein with zero fat and zero sugar, lap tests revealed that it contains only 4-7 grams of proteins maximum and it contains more fat and sugar than mentioned in the label. This was a concern for a lot of people that I have interviewed, as they feel that they do not get the value they are paying for and also it do not help them to achieve where they want to be. Therefore, to develop a solution for this problem Power House will deal with the ministry of health laboratory to test samples of the products it receives to assure its originality and the test results will be shown in the shop for customers to make them feel safe for using these products, which in return is expected to help in getting more return to the business.” (AlmarzooQ, 2015) 2.4.2 Revenue Streams “Have a well-trained specialist to create a tailored supplementation plan and a diet plan for customers to help them achieve their goals faster. “ (AlmarzooQ, 2015) “Selling Gym accessories such as gloves, wristbands and lifting belts.” (AlmarzooQ, 2015) 2.5 Objectives and Goals The below table describes the objectives and goals using the SMART principles. SMART Short-term Objectives Specific Being known in the market as Expand the business and open a trusted place to Long-term Objectives buy another branch. supplements from. Measurable The sales should increase by At least one other branch will at least 30% from the starting be open in another area. month. Attainable This can be done because of As the business start to make the advertisement and the more profit and gain its promotion that will follow the market share it will be easier opening the branch, along to expands the business as we with having authentic will have the knowledge and certificates from the ministry the experience to open a new of health laboratory. Realistic branch. Taking into consideration the After Gaining the trust of the quality of the products and customers it is very likely that the constant market need the shop will have to follow its along with the increased competitors and expand the demand in the market it is business to keep more realistic to achieve this goal in customers and attract others the given time frame. Time-bound from different areas. 12 months from starting the 3-5 years from business. 2.6 Legal Requirements The most important legal requirement the business should comply with is the Individual Commercial Registration (ICR) which is required for any business to start operating in Bahrain, and according to the Ministry of Industry and Commerce the required documents are as follow (MOIC, 2015): Individual registration form. Commercial name form. A copy of the business owner’s smart card. A copy of the business owner Passport. A proof that the business owner is not currently employed and a proof of residency in Bahrain. 2.7 BHD 20 as a registration fee. Key people People and other business that can play an effective role in making the business succeed are as follow: My Uncle: He is the Owner of the first branch of “Power House” Supplement shop in Manama, and he encouraged me to open another branch and provided me with all the help I need and got me in contact with the suppliers, staff and has been a mentor guiding me with what is to be done before opening the business especially the legal requirements. FIT GYM: Fit gym will be operating next to our shop and as supplements are complementary for most of the gym user, special rates will be given to the gym members in return of them bringing us customers, especially that they have personal trainers therefore they will be guiding those who they train to using our products. Bahrain National Body Building members: Every two weeks our shop will be having a session with the Bahrain national body builders to give advices and answer the audience answers; those players are: 1. Nader Mal’allah: Bahrain National body builder and the 1st place winner in the Asian championship in heavy weight 2011, who as a friend of mine and agreed to the idea. 2. Sayed Hameed Juma’a: Who is a former Bahrain national bodybuilder and also a friend of mine who agreed to share his knowledge and answer the audience questions whenever needed. 2.8 Experience and Qualification I have been a supplements user for six years and a personal trainer for the past three years. So I have the knowledge for the supplements as part of my personal training program is to advice my customers to the supplements they need in order to achieve their fitness goals. Added to that I am expected to graduate next year from Bahrain Polytechnic with a Bachelor of business degree in management which gave me the knowledge on how to start and manage a business. 2.9 Market Position “The below graph shows the market position for our business compared to our competitors, the variables are Price, Quality and Variety of products provided. “ (AlmarzooQ, 2015) 10 8 6 4 2 0 Price Quality Variety “Through observation and trying the products and services of our competitors for so many times throughout the previous years, the variables in the graph have been determined and the position market has been made for our business. Power House is going to offer a medium-high quality supplements with affordable price and medium-low variety, and the reason for that is because offering too much variety from different brands can confuse the customers and sometimes those items don’t get sold and remain on the shelves for a long time which is considered a cost if the items aren’t moving. “(AlmarzooQ, 2015) 2.10 Competitive Advantage The threat of entrance for the supplement retail industry is very high in Bahrain as the demands for the supplements is increasing along with the increase of gyms (which are considered as complementary) and the increase of gym memberships in Bahrain (Receptionist, 2015). And since the demand is high and supplements are to be used frequently like food, the market for the product is there and increasing. And according to interviews I have made with a random sample from different gyms around Bahrain, they stated that they are worried that the supplements they buy are not authentic as the ‘fake’ products are making an entrance in the market. (Taqi, et al., 2015) Therefore, the competitive advantage the “Powerhouse” shop will be having over the competitors is that a sample of the products will be tested every 3 months to make sure that the supplements are authentic and the report of the result will be posted in the shop’s wall for everyone to see. 3.0 Marketing Plan 3.1 Target Market The customer base of “Power House” is Active individuals between the age of 16 and 59 who either are trying to lose weight, gain muscles or stay healthy. To go more in-depth and in detail of the target market they can be categorized into three categories: 1. Hard gainers: young college student or people who have a job between the age of 16 and 35 who are trying to build muscles and look big and muscular. Their main focus is to gain weight and they’re most likely to buy whey protein, Creatine and weight gainers. 2. The Unlucky ones: Those are people who are overweight and want to lose fat and be in shape, from young people who are being bullied in school for being overweight to those who have gain a lot of weight after marriage and want to look good again, in addition to the people who were born with a medical condition and they are naturally overweight and want to change for the better to avoid worst medical conditions. They’re more likely to fat burners, carnitine and whey protein isolate. 3. The smart dieters: People who are not caught up in the muscle building game very much and do not have much weight to lose, most likely people between the age of 40 and 60 with families and kids who just want to have a healthy, fast and good tasting food substitute that is going to keep them in good shape and good health balance. Their most probable supplements are Whey protein, Amino Acids and multi-vitamins. 3.2 Marketing Tactics The 4P’s which are: Price, Product, Promotion and place will the used to increase and develop the customer base. 3.2.1 Product The core product: Health, time saving. The supplements provided in the shop are healthy and full of nutrients and are very fast substitute to food, as they come ready to be used. (Mix and drink for the protein powder or unpack and eat for the protein bars). The actual product: “Power House” will be serving the customers with top bran supplements such as: ON, DYMATIZE, BSN, QUEST and CUTLER. Those are known in leading the market with the best ingredients and awarded for being effective with good tasting. The Augmented Product: The free supplementation plan and advisory pre purchasing that our trained staff are providing the customers, with recommending a dose for using according to the customers body need and diet, In addition to the online ordering service that is provided through our website. 3.2.2 Price “Power house” will be using a mixture of pricing strategies to gain maximum profit which are as follow: 1. Cost-based pricing: This is going to include the price of the product including the shipment, and the fixed costs with an added rate of return for the effort and to make profit. This is going to be the basic strategy for the business. 2. Fixed costs: as the costs of the products will not vary according to the sales level because customers are going to be regularly using these items, and varying the prices often will lead to them feeling unsecure that the prices may differ every time, and because the products we offer are offered by our competitors, it would be easy for them to switch, therefore and to make the customer base with us and feel secure we will not be changing the prices often. 3. Product Bundle pricing: depending on the goal of the customers, we will be offering a product bundle (which are called stacks in the fitness world) where more than one supplements go together. For example: BULK STACK is for people who wants to add weight and gain muscle and it is going to be consists of (whey protein complex, Creatine, Amino acids, Post-workout compound) and this is going to be introduced in the winter where people usually aim to gain weight. Another example is the LEAN STACK which is for people who wants to lose fat and be in shape for the summer and this stack will include (Whey protein isolate, carnitine, pre-workout and Quest bars). And this well be introduced in the early summer to help people get the lean and shredded look for the beach in the summer. These bundles will help the customers to make a decision on what products they need to take, and it also will help the business because they will end up buying more products. 3.2.3 Place “Power House” will be located in Sehla area in the Riviera Palace hotel, the reason for choosing the location is because there are no vitamin shops nearby and people from this area have to go all the way to Isa town (which is the nearest supplement shop for them), another reason is because we will be close to FIT GYM where most of the people who work out are interested in supplementation and it will be easier for them as it is near to where they work out. 3.2.4 Promotion The way “power house” is going to promote itself is through connecting with the customers through social media (Instagram, and Facebook) and interact with them on the mentioned platform which will makes them feel valued and respected which in result is expected to keep them buying from the shop. Also, the shop will be offering a 10% discount for “loyal members” who buy more than twice a month, and those who have a membership with ‘Fit Gym’ which is located near the shop; which proved to be working in the main branch in Manama and is expected to increase sales for this branch as well. 3.3 Tactical Marketing Plan Month Message January - march To come to our place Flyers and check products. channel Frequency and Once every Spread the billboards distributed Purpose Cost awareness BHD 60 two weeks about our existence in printing in for the the market. flyers, for the BHD140 Bahrain Gyms. flyers. for Instagram. Billboards billboards, and once BHD100 for the for the three designer. months, For And instagram post a instagram 150 worth smart post every phone (iphone5) day. will be purchased to the take photos and upload them on instagram. Total cost divided = 300 by 3 months will give us BHD150 a month. April – June July – September Inform the followers Instagram and Every day. To encourage them to 150 which is the on visit our place and try price instagram and Facebook. of Facebook about the our authentic products. smartphone benefit of our products Hence increase sales. which is and the prices we mentioned offer. above. Ask for customer’s Instagram and Once inquiry and feedback Facebook. regarding a Make week. the customers 150 which is the feel valued and gain price our the their loyalty. supplements. of the smartphone which is mentioned above. October – Come and listen to the Billboards December lecture by fitness gurus distributed from the teams and fitness questions. 4.0 Finance in will national Bahrain’s gym. gain knowledge by asking your Billboards related Provide them with a BHD 150 for the be free service which is billboards and posted for expected to gain loyalty BHD50 for the three months. and increase sales. designer. 4.1 Cash flow forecast for the 1st year Cash flow forecast Jan Starting cash position Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals BHD 2,000.00 BHD 2,000.00 BHD 2,000.00 BHD 1,322.00 BHD 1,555.00 BHD 3,743.00 BHD 6,560.00 BHD 9,435.00 BHD 11,277.00 BHD 13,462.00 BHD 16,542.00 BHD 20,779.00 BHD 2,200.00 BHD 2,200.00 BHD 2,645.00 BHD 2,645.00 BHD 3,372.00 BHD 3,372.00 BHD 3,888.00 BHD 3,888.00 BHD 6,550.00 BHD 6,550.00 BHD 6,980.00 BHD 6,980.00 BHD 7,335.00 BHD 7,335.00 BHD 7,010.00 BHD 7,010.00 BHD 7,550.00 BHD 7,550.00 BHD 8,300.00 BHD 8,300.00 BHD 8,655.00 BHD 8,655.00 BHD 9,445.00 BHD 9,445.00 BHD 73,930.00 BHD 73,930.00 Fixed costs BHD 1,395.00 BHD 1,245.00 BHD 1,250.00 BHD 1,155.00 BHD 1,162.00 BHD 1,163.00 BHD 1,160.00 BHD 1,168.00 BHD 1,165.00 BHD 1,220.00 BHD 1,218.00 BHD 1,220.00 BHD 14,521.00 Rent Municipality Salaries Insurance Telephone & Internet Electricity & Water Advertising Miscellaneuos expenses Variable costs Supplements w ith shipping Total BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 15.00 BHD 250.00 BHD 35.00 BHD 2,000.00 BHD 2,000.00 BHD 3,395.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 15.00 BHD 100.00 BHD 35.00 BHD 2,500.00 BHD 2,500.00 BHD 3,745.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 20.00 BHD 100.00 BHD 35.00 BHD 2,800.00 BHD 2,800.00 BHD 4,050.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 20.00 BHD 10.00 BHD 30.00 BHD 2,500.00 BHD 2,500.00 BHD 3,655.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 25.00 BHD 10.00 BHD 32.00 BHD 3,200.00 BHD 3,200.00 BHD 4,362.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 25.00 BHD 10.00 BHD 33.00 BHD 3,000.00 BHD 3,000.00 BHD 4,163.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 25.00 BHD 10.00 BHD 30.00 BHD 3,300.00 BHD 3,300.00 BHD 4,460.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 25.00 BHD 10.00 BHD 38.00 BHD 4,000.00 BHD 4,000.00 BHD 5,168.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 20.00 BHD 10.00 BHD 40.00 BHD 4,200.00 BHD 4,200.00 BHD 5,365.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 15.00 BHD 80.00 BHD 30.00 BHD 4,000.00 BHD 4,000.00 BHD 5,220.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 15.00 BHD 80.00 BHD 28.00 BHD 3,200.00 BHD 3,200.00 BHD 4,418.00 BHD 380.00 BHD 20.00 BHD 600.00 BHD 80.00 BHD 15.00 BHD 15.00 BHD 80.00 BHD 30.00 BHD 4,100.00 BHD 4,100.00 BHD 5,320.00 BHD 4,560.00 BHD 240.00 BHD 7,200.00 BHD 960.00 BHD 180.00 BHD 235.00 BHD 750.00 BHD 396.00 BHD 38,800.00 BHD 38,800.00 BHD 67,842.00 -BHD 1,195.00 BHD 805.00 -BHD 1,100.00 BHD 900.00 -BHD 678.00 BHD 1,322.00 BHD 233.00 BHD 1,555.00 BHD 2,188.00 BHD 3,743.00 BHD 2,817.00 BHD 6,560.00 BHD 2,875.00 BHD 9,435.00 BHD 1,842.00 BHD 11,277.00 BHD 2,185.00 BHD 13,462.00 BHD 3,080.00 BHD 16,542.00 BHD 4,237.00 BHD 20,779.00 BHD 4,125.00 BHD 24,904.00 Incoming Cash sales Total Outgoing Result Change during month Closing cash position 4.2 Profit & Lose Estimate Profit and loss forecast Jan-Dec Totals Sales Sales (invoiced) Cost of goods sold Gross profit BHD 73,930.00 BHD 38,800.00 BHD 35,130.00 BHD 73,930.00 BHD 38,800.00 BHD 35,130.00 BHD 4,560.00 BHD 7,200.00 BHD 235.00 BHD 180.00 BHD 396.00 BHD 960.00 BHD 240.00 BHD 750.00 BHD 880.00 BHD 15,401.00 BHD 4,560.00 BHD 7,200.00 BHD 235.00 BHD 180.00 BHD 396.00 BHD 960.00 BHD 240.00 BHD 750.00 BHD 880.00 BHD 15,401.00 BHD 19,729.00 48% 27% BHD 19,729.00 48% 27% Expenses Rent Salaries Electricity and w ater Telephone and internet Miscellaneuos Insurance Municipility Advertising Depreciation (20%) Total Result Net profit Gross profit m argin Net profit m argin 4.3 Balance Sheet Assets Liabilities Current Assets Cash in hand Stock BHD 2,000.00 BHD 2,000.00 Owners’ Equity BHD 4,200.00 Fixed Assets Equipment’s Furniture Design Total Assets 4.4 BHD 1,250.00 Investors funding BHD 250.00 BHD 2,900.00 BHD 8,400.00 Total Liabilities Break-even Analysis Break-even analysis Average selling price per unit BHD 22 Average cost of each unit BHD 16 Gross profit margin 27% Fixed costs BHD 1,211 Sales to break even BHD 4,440 Number of unit sales to break even 4.5 Start-Up cost 202 BHD 4,200.00 BHD 8,400.00 Set-up costs Setting up the business Business registration Insurance premiums BHD 20.00 BHD 80.00 Setting up the premises Equipments Furniture Design BHD 1,250.00 BHD 250.00 BHD 2,900.00 Starting operations Raw materials and supplies Working capital BHD 2,000.00 BHD 2,000.00 Start-up capital Equity investment Borrow ings Total BHD 3,000.00 BHD 1,400.00 BHD 4,400.00 The result Total set-up costs Surplus funds Borrow ings required 5.0 BHD 8,500.00 0 BHD 4,100.00 Human Resource Requirements The Table below explains the human resources requirements to work in “Power house” business, in terms of the roles, skills, qualifications and attitude of each position. Roles Salesman Skills Attitudes Good communication Secondary school\ Self-motivation. customers. skills and speak both high Customer friendly. Cash registration. Arabic and English. Problem solver. Keep the place clean Welcome and greet the Qualifications Basic mathematics to and organized. deal with cash and Receives the shipments registration. diploma. school and organize them on the shelves. Supplem Make online orders. Answers phone calls. Provide ent guru and time management. Basic computer skills. Good communication supplementation plan Self Secondar Customer Friendly. skills. y school\ Problem solver. Ability to convince for the customers. Self-management. high Advise customers on Speaking and writing school people and explain what should they use. in both Arabic and diploma. things well to the Explain the use of the English. At customers. supplements and what the benefit it has to the customers is. least three Confidence. years’ experienc e working in a gym or a vitamin shop. 5.1 Basis on hiring staff Since this business is dealing directly with the customers, and customer satisfaction is the ultimate goal for “Power house” to keep its customers base and gain a bigger market share; it is crucial for the applicants to have a positive attitudes such as the mentioned above, being customer friendly and the ability to communicate with customers directly in a way that makes them feel welcomed and well served. The applicants will have to some extent to be able to work under pressure as when the business in booming there will be a lot of customers, and some of the customers are hare to deal with therefore they have to be in control and to work under pressure professionally trying not to lose any customer. 6.0 Operations The shop will be having an attractive sign with elegant and classy colors (White, black, silver) and when you open the door the same theme comes again, white horizontally stripped walls with silver and black painting. Straight ahead of you when you enter the shop the reception desk, and to the right and left well organized shelved with the supplements placed on top and the LED lightning is shining gently on them. The shop will have two split unit Air Conditioners that will be working almost all the time in the summer (as the supplements needs to be stored in a cool and dry place), even when the shop closed the AC’s will be on timely where each 2 hours one AC’s turns on while the other one rests off. A Desktop computer will be placed on the desktop table to receive online orders from customers, and make online orders from the suppliers. Next to it will be the cashier machine and behind the desk there are two comfortable chairs for the salesman and the supplement guru. 6.1 Main Supplier Optimum Nutrition (ON) which has won 7 supplements awards in 2013 for having the best supplements. (OptimumNutrition, 2013) DYMATIZE which its protein powders were awarded by users as the best protein supplements in 2014. (DYMATIZE, 2015) BSN which is sponsored by Ronnie Coleman who is 8 times Mr. Olympia winner. (Profiles, 2013) 6.2 Product quality As we promise our customers to provide them with authentic products, “Power house” will be running random tests on every shipment with the ministry of health labs to make sure they are original and legit. And as any food company “power House” have to make sure the supplements are safe to use and not expired or stored in a bad condition. Therefore; the staff will have to check the stocks every month to make sure they are still valid. Furthermore, the ac’s will be turned on 24/7 during the summer to keep the supplements from ruining as they get rotten in humid hot atmosphere. 7.0 Contingency Plan As it is the case with any business, the business might face internal and external factors that may threat its market position and its existence in some cases. Below some of these factors and how “Power house” will deal with those threats: FIT GYM movement or shut down: as the main selling point of the business is its good location near to a gym where it will attract the gym members easily, if FIT gym shuts down or move to another location that would lead to a huge decrease in sales especially in the first year of operating. To overcome this threat in case of its accruing, “Power house” has another location near another gym in Bahrain that is “Alnakheel gym” which is located in Barbar area in Budyaa highway and it will have to move. Suppliers stop supplying: if one of our main suppliers stops supplying us especially that most of the companies we deal with are American companies and we are benifiting from the Free Trade Agreements between Bahrain and USA, in the near future (2016) this agreements is going to end and there has been some talk about the trade not being renewed. (Fiber2fashion, 2015) And when this happens; ‘Power house’ business will have to look for other suppliers and there are some in United Arab Emirates. 8.0 References Bibliography AlmarzooQ, A. (2015). External Analysis.(Previous assignment) DYMATIZE. (2015). Award winning. Retrieved from DYMATIZE: http://www.dymatize.com/ Fiber2fashion. (2015, april 29). Bahrain stares at loss as FTA with US nears expiry. Retrieved from fiber2fashion: http://www.fibre2fashion.com/news/textilenews/newsdetails.aspx?news_id=172086&utm_source=twitterfeed&utm_medium=twit ter MOIC. (2015). Application for Commercial Registration. Retrieved from Ministry Of Industry And Commerce: http://www.moic.gov.bh/En/Main/eServices/Commercial%20Registration%20Inquiry/P ages/Commercial%20Registration%20Inquiry.aspx OptimumNutrition. (2013). OPTIMUM WINS 7 SUPPLEMENT AWARDS! Retrieved from Optimum Nutrition: http://www.optimumnutrition.com/news.php?article=1805 Profiles, P. (2013, July 23). Ronnie Coleman Pro Bodybuilding Profile. Retrieved from BodyBuilding.com: http://www.bodybuilding.com/bodybuilders/ronnie.htm Receptionist, G. (2015, march 17). (A. AlmarzooQ, Interviewer) Taqi, M., mallalah, n., Alansari, M., Alrayes, A., mahfoodh, F., Al-hashimi, s., . . . aljawaheri, y. (2015, march 17). (A. almarzooQ, Interviewer) TradeArabia. (2010, October 13). 'Bad Habits' alert over obesity in Bahrain. Retrieved from Trade Arabia: http://www.tradearabia.com/news/HEAL_187242.html Appendixes Business profile Fit Gym +973 77017711. The shop will be rented in the Riviera palace hotel for BHD400 a month from Mrs. Shareefa Kareem +973 33202375. Marketing Plan Printing flyers and billboards : Alshehabi printing services +973 17743899 Flyers and billboards designer Mr. jawad Al-turaifi: +973 33699199 Iphone 5 will be purchased with 150 from “Almultaqa” +973 17694995 Finance Costs: Item Commercial Registration Fixed costsEquipment’s: Desktop computer Cashier machine Split unit A/C *2 Telephone Price in Place will be taken from. BHD 20 350 Almultaqa computers: +973 17694995 280 Geant Hypermarket Bahrain 500 Alaswad trading est. +973 17590020 20 Alaswad trading est. +973 17590020 Furniture: Desktop table 200 Alaswad trading est. Office chairs *2 +973 17590020 50 Alaswad trading est. +973 17590020 Design: The cabinet and the shelves Painting 300 Door 350 Shop Sign 250 Almajid design: +973 38808838 Other: Rent 400 Shareefa Kareem +973 33202375. Insurance 80 a Gulf union Insurance – 17238880 2000 Almajid design: +973 38808838 Telephone and internet 15 a month. Electricity and water 15-25 Miscellaneous expenses 28-40 Fadhel aldurazi +973 36249976 Al-shehab aluminium: +973 17783044 (based on the costs retrieved from the main branch) Viva telecommunication company. 124 (based on the costs retrieved from the main branch) (based on the costs retrieved from the main branch) HR: Employee Salesman Supplement guru Total The products Menu Salary in BHD 200 400 600 NO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 PRODUCT NAME DYMATIZE ISO 100 5 LB DYMATIZE SUPER AMINO 345 CAPLETS GASPARI SUPER PUMP MAX 640 G GASPARI CREATINE 300 G USK AMINO SG 2000 300 SOFTGEL USK BCAA 8400 400 CAPSULES USK CLA 100 SOFTGEL USK L-ARGININE 100 CAPSULES USK OMEGA 3-6-9 100 SOFTGEL LIPO 6 UNLIMITED 120 LIQUID CAPSULES LIPO 6 BLACK EXTREME 120 CAPSULES LIPO 6 BLACK HERS 120 CAPS LIPO 6 HERS 120 CAPSULES LIPO 6 FAST ACTING 120 CAPSULES LIPO 6 CLA 90 SOFTGELS LIPO 6 CARNITINE 120 LIQUID CAPSULES NUTREX HEMO RAGE 265 G NUTREX AMINO DRIVE BLACK 411 G NUTREX GLUTAMINE DRIVE 5000 MG Bpi ROXYLEAN 60 CAPSULES MT NITRO TECH 3.97 LBS MT PHASE 8 4.45 LBS MT PLATINUM CASEIN 3.66 LBS MT CREA CORE 256 G MT NEUROCORE 0.40 LBS (184G) MT ISO-WHEY 3.34 LB MP COMBAT 100 % CASEIN 4 LB MP COMBAT 100 % ISOLATE MP COMBAT 4 LBS MP L-CARNITINE LIQUID 459 ML MP IRON PUMP MP IRON CUTS 120 CAP MP AMINO 1 459.5 G JAY CATLUR TOTAL PROTEIN 2 LB PRICE 28 BD 12 BD 20 BD 8 BD 14 BD 14 BD 10 BD 10 BD 9 BD 18 BD 18 BD 18 BD 18 BD 16 BD 14 BD 15 BD 18 BD 15 BD 12 BD 18 BD 27 BD 25 BD 27 BD 16 BD 16 BD 25 BD 27 BD 30 BD 22 BD 12 BD 18 BD 18 BD 14 BD 18 BD 35 36 37 38 39 40 41 42 43 44 45 46 48 49 50 51 53 54 55 56 57 58 59 JAY CATLUR LEGEND 140 G CELLUCOR SUPER HD 60 CAPSULES CELLUCOR C4 342 G USPLABS MODREN BCAA 535 G LABRADA SUPER CHARGE 800 G BSN N.O-XPLODE 2.45 LBS BSN SYNTHA-6 5 LBS BSN CELL MASS 485 G ANIMAL PUMP 30 PACKS ANIMAL PAK 44 PACKS ANIMAL CUTS 42 PACKS ANIMAL STAK 21 PACKS ANIMAL M-STAK 21 PACKS BODY FORTRESS NO2 PUMP 90 TAB SCIVATION XTEND 399 G NUTRITECH BCAA APN HGH 120 TABLETS APN HMB APN HGH 90 TABLETS 16 BD 18 BD 18 BD 15 BD 20 BD 22 BD 23 BD 20 BD 20 BD 15 BD 20 BD 20 BD 20 BD 12 BD 16 BD 14 BD 15 BD 12 BD ON GOLD STANDARD WHEY 5 LB 27 BD ON HYDRO WHEY 3.5 LB ON AMINO ENERGY 270 G ON AMINO 2222 TABS 320 ON PRO BCAA 390 G 27 BD 12 BD 12 BD 15 BD Pictures of the products: Website page: