BT Inc, Tanzania Business Analysis

BT Inc, Tanzania problem AnalysisEXECUTIVE digestThe aim of the below report is to outline the development and progression of the Business Plan for BT Inc, Tanzanias stolon Business and Technology magazine. It allow summarize my office to this project as wellspring as the key areas of idea initiation, team up piss, manifestation set about, preference scenarios and learning gained as well as other areas cover in the development of the product line see.Overview of B T IncBT Inc aspires to provide a line of reasoning and technology magazine which is produced in Tanzania for Tanzanian professionals, students and investors alike. This is a prerequisite in the growing economy of this country where 600,000-700,000 new professionals enter the handle of tune and technology every year. As in that location is no topically produced magazine covering areas of lineage line BT magazine will be the first of its kind and likely to establish a stronghold in the commercialize befo re the threat of future competitors is confront. A team of experienced directors to ticktockher with a world class designer is expect to lead the alliance in this direction.Initially 100 shares will be offered at a value of Tsh 1 million per share.Payback is projected to add up in the 9th month of the 3rd year as the net pelf for the 2nd year is expected to join on by 76% payable to reduced costs. With the expected profit of 14 million to be gain in the 1st year, the profit of the 2nd year is expected to increase by 76% due to reduced cost.The net profit maturation in the 3rd year decrease to 46% because of the new assets expected to be bought.Investors may choose to outlet the headache by change their equity either to existing partners or to a new employee who is qualified for partnership.Teamwork All 3 team extremitys contri excepted to make this project advantageful idea Initiation After several discussions the group decided on a Business and technology magazine un der the guidance of Mrs Priti Punatar foundation go steady A learning experience about m management, public effectation and the vastness of thoroughly understanding the business venture an individual wants to under frivol away. utility(a) Scenario Consideration of both trump and worst case scenarios allows BT to prudently call off steady growth rate.Team WorkTeam work is the roughly primary(prenominal) part in any working or academician culture. Most successful businesses always prevail a core of close-fitting hardworking team members that pull in concert to seduce an amazing empire. The around important attribute in any team member should be dedication and the aim for perfection and the most important of all, the ability to take orders and accept delegation where necessary. A famous man once said, capital of Italy was not built in a day. This is true, it took a large play of men to make it possible and the results were, phenomenal.Each individual brings to the tabl e a very unique set of skills, as was the same in spite of appearance our team. It is important to understand and learn to work in a team milieu which will help sharpen teamwork skills when entering a workforce. We engender found that involvement of social interactions while completing different tasks is one of the outstrip ways of learning. Conflicts and clashes of ideas in a team are a viridity problem and it helps if everyone is sensitive of this being a possibility and prepared to broadcast with the situation in a mature and academic manner. Our team had faced a similar situation during the initiation period of our jut, the merging of trey very highly opinionated individuals was like a combustion but we overcame this by using said before methods of social interaction.Initially, our team consisted of quaternion team members Joyce Issowe, Krupa Patadia, Priyanka Divecha and myself. At our first group meeting, distributively of us were assign tasks to complete and prese nt at the next meeting. The delegation was as follows Joyce was to create a financial plan, Krupa the industrial synopsis report, Priya the market plan, and my task was to coiffure up with an operational plan.Joyce Issowe had not being keeping well and was inefficient to complete the financial plan, seeing this, Priyanka having already completed the marketing plan decided to create the financial plan as we were running brief of time. After completing my own tasks, we realized we still needed to handle essay factors and such, so Krupa took over the role of risk analysis and I took over Krupas tasks. Everyone else including myself completed all their assigned tasks with no further problems.The pass water BT Inc. had been chosen from the phrase Business and Technology which we believed was a professional see to be allocated to a business magazine that sends all the business players in Tanzania. The executive summary, the business and appendices were completed with hard work f rom all the triple team members equally. All In all, every remaining team member picked up the slack, all meetings were attended in time and all our plan goals were reached.Process of Idea InitiationInitially our group had a moment of business concepts to go with. Joyce had suggested a dairy farm, Krupa suggested a school for transaction arts, Priyanka suggested an engineering consultancy and my own suggestion was a real estate firm. To get a better idea of what we were doing, we met with different people to discuss ideas for a potential difference business. Somewhere along our quest, we stumbled upon the idea of a telecom governance to advertise for real estate, a directory of sorts.After further discussion inwardly our group, and under the supervision of Mrs. Punatar, we decided to work on a business and technology magazine that would aim to build an interactive vessel deep down the business arts and simultaneously provide a channel of discipline needed by the new entrant s.During this process of Idea Initiation, we learnt a blue-chip life lesson that all the team members had a different manner of approach this business plan for which many conflicts of interest were displayed.BT intends to create a communicatory vessel among the vast range of business tycoons and provide brilliant business news feeds that have been ignored by other leading magazines.Presentation ExperienceThe process of crafting the slides to be presented, and ensuring the presentation would cover all requisite areas whilst summarizing the entire business concept, was a challenging one that taught me about time management, extraction of essential information from available data and the involvement of visuals to obtain essential points.Through the course of heated discussion and debate our team prepared a set of slides that all members were satisfied with at the end. Although each member of the team had their own ideas as we started, the merging of all these together allowed us to come up with a synergized and impressive slideshow.All third members of the group presented the plan in parts with me introducing the business, the problem we aimed to solve and our business model. Krupa then took over and cover management team, industry analysis and challenger leaving Priyanka to finish the financial overview including share offering, payback, profitability, curb take down analysis and current status and projected use of funds ending with exit strategy for investors.Crucial lessons were learnt during this presentation about capturing and retaining the interest and attention of our potential investors, maintaining the set time limit as well as the impressiveness of confidence and a deep understanding of the business venture.Alternative ScenarioThe success of any business is dependent on external as well as internal conditions. Internal factors are easier to control and predict congeneric to the external factors. With regards to external conditions, there is al ways some degree of uncertainty. In order to be prudent all figures taken at bottom the business plan have reflected the worst case scenario.In order to succeed this and to reflect altnernative scenarios that may arise due to unpredictable factors the receipts include in the business plan is less than that actually expected by investors. Due to the unpredictability of Macro-environmental factors the number of subscriptions have been kept at borderline and the advertising r as yetue included is less than what the firm will target to achieve.Another relevant point concerns the break even analysis. To keep alternative scenarios in mind, both best and worst case of total revenue have been considered whilst the figure taken for cost has been kept at supreme in line with the accounting principle of prudence. This allows investors to be comfortable to drive in that the minimum success will be as presented in the business plan with an additional potential for greater growth.Business p artnerships have excessively been taken into account in order reflect alternate essence to achieve a target. This can be seen as in the outsourcing of feeling to keep costs low as well as the judicature of a network of free lance contributors.Figures for costs and budget in the analysis of the financial statemements have also been calculated after the retainer of the alternative growth scenarios and B%T therefore is expected to have steady growth as a worst case scenario where the best case reflects a quicker point of break even and higher(prenominal) profitability.Other AreasFour areas of risk were covered in the business plan including management, marketing, operational and financial risk factors.Research has indicated that due to poor media and marketing services the magazine may be in circulation only within a small group of people and awareness at the first gear may be lessened to to the above noted fact. BT marketing discussion section will be responsible to ensure that awareness is increased even if it requires door to door marketing.Management and operating risks are internal factors that BT directors will monitor in order to ensure success of the venture.With regards to financial risk it is interesting to point out that cash outflow may be to a greater extent than cash inflow during certain periods and care will have to taken by the financial director to ensure that company personal matters carry on smoothly.Turning now to the question of break even analysis, the calculated point may not be entirely accurate as the worst case scenario figures have been used in this advisement and in actual fact B T might break even earlier than this point.Learning and Usefulness of the Business PlanThe experience of coming up with a business plan opened up my eyes on the many aspects that are necessary to be considered whilst first up a business. Extensive research is required together with fellowship of the industry. I have realized that an entrepreneur m oldiness have a clear vision on how exactly his company will work and perform.The business man/woman also must be aware exactly where the need for his product/service lies and how to fulfill this need. He/she must be aware of the environment in which the business will compete, what challenges may be faced and how to resolve these. Knowledge of the financial aspect is a key area which the entrepreneur must be well well-educated with as well.All the points noted above are those covered in the business plan and illustrate the importance of this document to a business. The business plan provides a guideline for any business and all areas covered within it are linked with some aspect of the business that is of importance to stake holders.Having considered the learning gained about the business itself, it is worth pointing out that there has also been great personal learning in the areas of1. Listening more(prenominal)2. Giving importance to others ideas3. Respecting time and maintainin g discipline and punctuality4. Working within time constraints and meeting deadlinesReceiving feedback from my group members has allowed me to overcome many of my previous weaknesses and I have come out as a stronger, better and more understanding individual.