Business Plan by Team Creation on Tejaswini’s Stitching House The Business Idea Name of the Business and Tag line and Logo Competition and USP Marketing Plan Market Research The Business Idea comes from the fact that I like to wear good clothes and test out new fashions. The liking for stitching and creating new designs made me think – that this can be converted into a livelihood for my self – long term. Have passed Tailoring course with distinction from YMCA Vocational Training Center and have been stitching all my clothes and for my family regularly. Tejaswini’s Stitching House. Not thought of any logo but with expansion will work on that at a later date along with a tag line which will be in line with my USP… There is competition for this category with various tailors around and also few of the other women too doing similar work. Having done my Market Research – I find a particular community in our society is still very conservative and are not open to visiting Tailors and they prefer someone known to them. The tailors around are not that specialized in the kind of dress these particular community sports. While doing my market survey I have been able to get orders – which were very surprising. My USP is I visit houses and take measurements at their door steps thus giving them complete privacy that they are looking for and that also gives me an opportunity to assess my clients other outfits and match the fittings accordingly – understand the taste and the tradition. Its mostly word of mouth but will be printing leaflets and will distribute in the locality to spread the word about my business, talk about my business in my college, spread word about my business at YMCA Institute, talk about my business in every forum that I attend such as community assemblies, Community Medical Center and colleges around. Muslim is one community that is bit still orthodox and has huge restrictions on Girl child in particular. Even today in many a families, women are not allowed to go out of the house but within community they roam around and indulge in various cultural activities. That’s the time when they sport good clothing and do a show off irrespective of their financial back ground. About Business Plan by Team Creation on Tejaswini’s Stitching House 25% families are middle class and have a good paying capacity for good work. Charges for Stitching Cost of Sale Startup Cost Sourcing of Startup Fixed Costs Risk Factors Per General stitching where not much of work involved is Rs. 80/- and where its sort of a designers clothing – its plus the cost of props used, and Rs. 40/- per hour on those special stitches. On an average special clothings will be at Rs. 180/-. Average comes to Rs.112/- per customer Considering everything – its about Rs. 20/- max. while in case of special clothing – we have seen that the props are usually supplied by the customer only thus no cost to us. One Sewing Machine and One Button Hole cum Embroidery Machine. Measuring equipments and foldable cutting board. Rs. 24,000/Family and or seed capital support. Salary to self and an assistant, Telephone, General Expenses and depreciation Rs. 8,500/ None at the moment since its completely a personalized service where I personally visit each of my customer at home and take measurement and at the same time delivery with trial at their home. With this kind of approach I feel I am at a better position to expand. Entire thrust will be on building relationship based on service and trust. Extending Credit facility to needy Keeping previous records and regularly sending updates about changes in the market and fashion. Later on conducting training – that will be one more stream that will generate revenue. Business Plan by Team Creation on Tejaswini’s Stitching House Profit & Loss for the 13th Month Particulars Units Amounts Revenue from Sales 95 10,600 Cost of Good Sold 95 1,900 Gross Profit 8,700 Fixed Cost for the Month Salaries for Two 7,000 Rent - Electricity 500 Telephone 500 Others 100 Fixed Cost…… 8,100 Depreciation Total Fixed Cost… 400 Net Profit 8,500 200 Break Even Point = Fixed Cost + Depreciation Gross Profit Per Student =92 Customers per Month These are very very conservative figure – this can reach up to 120 customer per month seeing the kind of demand . Business Plan by Team Creation on Tejaswini’s Stitching House The special category dressings that the team intend to stitch and charge only Rs. 180/- per dress… Business Plan by Team Creation on Tejaswini’s Stitching House The team on the job – working on the Business Plan….Led by Tejaswini ( a tailoring expert and resource at YMCA) Business Plan by Team Creation on Tejaswini’s Stitching House Presenting the plan to Judges and getting appreciated…. The Local Cooperator is so impressed she has promised the next set of Sewing Machines free of cost once their business expand.