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The Thousand Rand Challenge Business Plan Template

This document provides a template of headings for presenting any business idea. The objective is to produce a step-by-step tool that illustrates every step of the business creation process. It should be possible, by following the information, to produce a viable business.

All text in italics should be deleted (including these introductory paragraphs) for use as a template on newly created business idea pages. Please ensure that the new page you're creating really is a new idea. Check the front page for a current list of businesses, or perform a search.

This heading area should contain a brief outline of the nature of the business - change the heading at the top to list the type of business - e.g. Fish and Chips Frying

Description of the business Edit

What exactly is it that is going to be sold or done?

It will be a home industry selling:

  • Cakes
  • Popcorn
  • Ice cream
  • Chips
  • Sweets
  • Dougnuts
  • Koeksisters
  • Pies
  • Platters


Place your research into the business under each of the bold headings and delete the text in italics.

What skills are needed to do this? Where is this taught and how much will it cost?

  • Baking skills
  • People skills
  • Cooking Skills

What tools or equipment are needed? Where can they be bought, and how much will they cost?

  • Deep frier R500
  • Baking equipment R100
  • Stock R400
  • Stove
  • Boil machine


How much space is needed to work from?

Client will operate from home, just a safe place


Where will the space be found, and how much will it cost to rent?

The client will operate from a room in her house and use her own freezer and kitchen


What sort of people will buy the product? Who are they and where do they live?

  • Children from the neighbourhood
  • adults from Diazville
  • Friendly Family
  • Vishoekie
  • Butterfly (Riversdale)

How much and how often will they buy? Will they come to the shop or will it be necessary to deliver?

Everyday before school until late in the evenings. More during school holidays. Clients will come to me. Every week (Fridays & Saturdays), I will do deliviers also .

Upstream Businesses Edit

A list of businesses and ideas that provide the services and products that this business needs.

Downstream Businesses Edit

A list of businesses and ideas that this business could provide products for.

Competitors Edit

What major competitors will attract clients' spending away from the business' products?

Only a house shop in the street (only open during evenings) Mubarak store Trotonia, Suikerbekkie Spar, Chicken King & Henna Du Preez

What prices and products do these companies have?

Bread Sigaretts Sweets Washing powder Pies Platters

What makes them popular / unpopular?

Unpopular: Not open during the day - owners work full time Popular: They have good products & low prices

What do they do to attract customers? Specials? Interesting marketing / advertising?

They give specials Advertise.Word of Month advertising

Which of the competitors stand out as being particularly good at what they do?

Mubarak - they are a supermarket low prices The packaging is need and tidy

What can be done to stand out against them? What can be done that is more exciting / more interesting?

My shop will be open all day. My products will be fresh. Specials( Buy one get one free)

Marketing the business to clients Edit

What sort of people will buy the products and how important is product consistency to them (e.g. must every loaf of bread be identical)?

  • Children and adults form Diazville

The consistency of product not so important Friendly & Family

How seasonal or fashion-dependent are their buying habits (do they buy only in summer, only over Christmas, etc.)?

  • Products always available - always a demand for product. Over school holiday period a higher demand
  • During the year
  • Twice a week
  • Every end of the month

Do the clients want the products to be the cheapest or the best (low price / low quality or high price / high quality)?

High quality at the cheapest price Cheap and high Quantity Low price

How do the clients decide where to buy the products? What sorts of advertising / promotions attract their interest?

They choose the shop closes to them Notice Boards


Do the clients want the same things sold in the same way, or do they want things to change all the time?

Sometimes wants new tastes

What can be done to attract the first clients (the most important and most difficult to get)? How much will it cost?

Will put a sign board in front of the shop I will let them taste my products

The business inputs and outputs Edit

List all of the inputs (products that are required to produce the products):

Flour, eggs, sugar, butter, baking powder, oil, coconut . sweets and icecream from whole salers baking flour, veggies,milk, mince,

List all the suppliers for the inputs and their addresses, telephone numbers, and sales terms (cash, 30 days, etc.):

SPAR, Sweets Mania and Checkmate


List all of your outputs (products created by your business):

  • Doughnuts
  • Koeksister
  • Chips
  • Sweets
  • Biscuts
  • Ice cream
  • Tarts
  • Chicken
  • Hamburgers

What sort of prices can be charged and how much profit will can be made on each item (a rough estimate)?


  • Doughnuts selling R1 profit 50c
  • Koeksister selling R1 profit 50c
  • Chips selling 50c profit 18c
  • Sweets selling 10c profit 4c
  • Biscuts selling R2 profit R1
  • Ice cream selling 50c profit 10c
  • Pies selling R5 profit
  • Tart selling R12.5 profit R14.26


Do the outputs have a shelf-life? Must they be sold within a specified time limit before they go off / can't be sold? Which ones?

Dougnuts, koeksister have a shelf life of 3 days Yes All my products, In winter my products can be limited to 3 days and summer 1 day

Setting up the business Edit

List everything that needs to be done to prepare the business to be ready (list everything needed to have as well, both equipment and stock):

Buy equipment Buy stock Cost and marketing of my business

How long will it take to get all of these things and how much will they cost to get?

1 week Deep fryer R500. Stock R500 Do have most of the equipemnt needed for the business Pans

List all the fixed costs to be paid every month even if nothing is sold (things like rent, electricity, telephone, staff wages):

  • Electricity R150
  • Staff (not now)
  • Telephone R50
  • Transport R100


Total amount for fixed costs: R____300___________


How many staff will be needed and how much will each of them be paid (wages must be included in the fixed costs above)?

Later on only one (R60 per day)

What training will they need, how long will it take and how much will it cost?

none

The manufacturing or production process Edit

List every step, from start to finish, to produce the product

  • Buy stock
  • check stock
  • Check equipment
  • Prepare to bake/bake
  • Put it on the shelves
  • Put prices on your stock
  • Then you sell it to your clients
  • Remove the meat from the chicken & Chop roughly
  • Saute onions, green papers, garlic & spice mushrooms in oil. Add stock & water to vegetables. Mix the milk & Basic Powder together and stir into stock
  • Add chicken to white sauce to mix
  • Heat oil and fry the curry
  • Add the mince
  • Put the mixure in oven pan

Bake for 30 minutes


Allocate each of the manufacturing steps to a process and a process to a staff member (e.g. all manufacturing steps A to process 1):

Everything will be done by owner

What possible problems may happen during each step of the manufacturing process?

  • The equipment can broke
  • Stock can be old


What solutions can be identified for these problems? How much will they cost and how long will they take to fix?

  • will take equipment mechanic
  • Buy from other supplier

What is the maintenance program for all the equipment?

none

  • Working place must be tidy
  • Clean equipment


What safety requirements are important for production?


How will quality control and client feedback be handled?

Give my clients a refund or other product Appologise to them

Costing and bookkeeping Edit

How many of each of the stock items can reasonably be sold each day (and month)?

Doughnuts

  • Koeksisters 10 per day 200 per month
  • Chips 20 per day 400 per month
  • Sweets 100 per day 2000 per month
  • Biscuts 10 per day 200 per month
  • Ice cream 10 per day 200 per month
  • Pies 60 per dag 1860 per month
  • Platters 2 per day 25 per month
  • Melktart 10 per day 50 per month
  • Lasange 18 per day 72 per month
  • Bobotie 18 per day 72 per month


Will sales volumes be a similar number of each item each month, or is there seasonal variation (cold months, hot, or festivals)?

It will be monthly more or less the same. A little bit higher during school holidays. Yes, cold months the people eats alot

What sort of pricing strategy will be chosen (cheapest or best)?

Between cheapest and best. Kids must be able to afford the products. Both of them


What profit margin will be chosen for the products

Some 40% and others 100%

Write down the cost prices plus the margin for each stock item you will sell, and the selling price

  • Doughnuts cost 50c profit 50c
  • Koeksister cost 50c profit 50c
  • Chips cost 50c profit 18c
  • Sweets cost 6c profit 4c
  • Biscuts cost R1 profit R1
  • Ice cream cost 40c profit 10c
  • Pies cost 3.50c profit R8.50
  • Hamburger cost R4.50 profit R11.00
  • Vetkoek cost R56.40 profit R176.40
  • Melktart cost R10.74 profit R30.74
  • Salttarts cost R4.50 profit R19.50

.

Is this competitive? Will customers pay this much? Do the margins need to be adjusted? By how much?

yes

Now, set a target. How many items for each product need to be sold on a daily (and monthly) basis to be profitable?


  • Doughnuts 5 per day 200 per month
  • Koeksister 5 200
  • Chips 10 1000
  • Sweets 50 200
  • Biscuts 5 100
  • Ice cream 5 200
  • Pies 60 per dag 1860 per month
  • Platters 2 per day 25 per month
  • Melktart 10 per day 50 per month
  • Lasange 18 per day 72 per month
  • Bobotie 18 per day 72 per month


Set out the products, costs, margins and selling prices:


60

1075

Monthly Target

Cost Price

Margin

Selling Price

Total per Month

koeksister

10

X x 20

50c

R 50c

R0. 50 + R 0.50

= 200 x 1 price

 <td width=158> 

Sweets

   </td>
   <td width=113> 

100

   </td>
   <td width=132> 

X x 20

   </td>
   <td width=120> 

R 0.06

   </td>
   <td width=120> 

R 0.10

   </td>
   <td width=132> 

R y.yy + R z.zz

   </td>
   <td width=173> 

= monthly target x selling price

   </td>
 </tr>

</table>

 <td width=158> 

Chips

   </td>
   <td width=113> 

10

   </td>
   <td width=132> 

X x 20 days in a month

   </td>
   <td width=120> 

R 0.32

   </td>
   <td width=120> 

R 0.18

   </td>
   <td width=132> 

R y.yy + R z.zz

   </td>
   <td width=173> 

= monthly target x selling price

   </td>
 </tr>

</table>

 <td width=158> 

Biscuts

   </td>
   <td width=113> 

10

   </td>
   <td width=132> 

X x 20 number of working days in a month

   </td>
   <td width=120> 

R 1.00

   </td>
   <td width=120> 

R 1.00

   </td>
   <td width=132> 

R y.yy + R z.zz

   </td>
   <td width=173> 

= monthly target x selling price

   </td>
 </tr>

</table>

 <td width=158> 

Dougnuts

   </td>
   <td width=113> 

10

   </td>
   <td width=132> 

X x 20 number of working days in a month

   </td>
   <td width=120> 

R 0.50

   </td>
   <td width=120> 

R 0.50

   </td>
   <td width=132> 

R y.yy + R z.zz

   </td>
   <td width=173> 

= monthly target x selling price

   </td>
 </tr>

</table>

 <td width=158> 

Cakes

   </td>
   <td width=113> 

X1

   </td>
   <td width=132> 

X x 20 number of working days in a month

   </td>
   <td width=120> 

R 15.00

   </td>
   <td width=120> 

R 15.00

   </td>
   <td width=132> 

R y.yy + R z.zz

   </td>
   <td width=173> 

= monthly target x selling price

   </td>
 </tr>

</table>


What trends are included in the projections?

Sales higher during school holidays

Running the business Edit

What is the process for running the business on a typical day? Who will be responsible for each step? Link this back to the production process.

Business will be open from 7H00 till 21H00 Provide a timetable


Who will act as backup should the person responsible not be there? What do they need to act as backup?

My daughter My mother What weekly processes need to be performed? Who is responsible, who is backup and what tools are required?

Check stock and check income and expenses

What monthly processes need to be performed? Who is responsible, who is backup and what tools are required?

Bookkeeping and pay all my fixed expenses Taking stok ( myself)

What is the schedule for training and motivating staff?

will give them a business after a sucessful year none

What processes are required for maintenance and new product creation? Who is responsible and what tools do they need?

Will ask client what else do they want to buy or go to the shops to look for new products

Before beginning Edit

List some of the support services available (legal, business and other) that might be needed

Accountant Attorney Mentor WCBDC Red Door Langeberg Groothandelaars Watsons Vleishandelaars Kekkel & Kraai Fruit & Veg GR Agencies


What major laws concern the business, and which government departments should be called to keep up to date (list phone numbers)? Dep. Health 012 312 0816 Dep. Labour 044 801 1200

Related articles Edit

Insert links to articles on Wikipedia or other Wikis that may be useful (such as recipes, legal discussions, accounting articles, and so on)

External links Edit

List links to outside websites that may be useful for anyone starting this business

Business Trials Edit

List your name if you started a business based on this plan, where you started the business, and how you did Links to case histories - you are welcome to develop these and insert them in your personal page (create this by developing a personal profile)

  • Elizabeth Davids Lucia Tuckshop
  • Chrissie Schutt C and A Bakery

Susanna Thomas Sunrise Cafe

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