Professional Documents
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Bussiness Planing HARAMAYA
Bussiness Planing HARAMAYA
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Course:-
entrepreneurship
Business Plan
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Product
SOM-NUNA TOY BUSINESS CENTER have high-quality toys for children aged 3-10.
All toys are made from solid hardwoods including maple, beech, birch, cherry, and oak.
The toys are built to be long lasting with sufficient moving parts to engage each child’s interest,
but not limit his or her imagination.
Customers
The target audience for SOM-NUNA TOY BUSINESS CENTER is adults, specifically parents
and grandparents who wish to give their children or grandchildren the opportunity to
play with a toy that is not only durable and aesthetically pleasing, but also foster the
child’s creativity
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Business Description
Mission Statement
Selling high-quality toys that will be cherished and handed down from generation to generation.
Principal Members
Khalid abdiwasic Mohamed — owner, designer and primary builder
Khalid abdiwasic — business manager/bookkeeper
Khalid abdiwasic — web master and handles shipping for web, mail, and special orders
Legal Structure
Wooden Grain Toys is a sole proprietorship.
Our target customers are interested in giving durable, well-made toys to their children and
grandchildren to help foster creativity.
They value quality and they research the products they buy. Our target customers are willing to
spend more money on products that are of higher quality and last longer.
Market Research
Detailed Description of Customers
The two groups that the business plans to market to are parents (age 18-30) of young children
and grandparents (age 60-75) of young children with an income range of $15,000 - $10,000 a
year.
Our target customers are interested in giving durable, well-made toys to their children and
grandchildren to help foster creativity.
They value quality and they research the products they buy. Our target customers are willing to
spend more money on products that are of higher quality and last longer.
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SOM-NUNA
TOY BUSINESS
CENTER will
offer its
products for
the following
prices
No Items Selling Price Cost
price
1. All-Purpose Pick-Up – 10,000 birr 8800 birr
Truck w/movable doors
and tailgate
2. Dump Truck w/functioning 14,000 birr 9500 birr
dumping mechanism and
box –
3. Biplane (two-seater) 9,800 birr 8000 birr
w/movable propeller –
4. Tow Truck - 1,800 birr 9500 birr
5. Flat-Bed Truck w/logs 11,000 birr 1600 birr
6. City Bus – 2,400 birr 1400 birr
Pricing Structure
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Product and profit Lifecycle
All current SOM-NUNA TOY BUSINESS CENTER products is in production and inventory is
being accumulated.
350000
300000 298000
250000
234000
223000
200000
profit
168000 Column1
150000 Column2
100000
50000
0
2018 2019 2020 2021
Profit
201 168000
8
201 234000
9
202 223000
0
202 298000
1
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SOM-NUNA TOY BUSINESS CENTER ADVANTAGES
SOM-NUNA TOY BUSINESS CENTER has the following advantages compared to competitors:
Basic, practical designs.
Safe, non-toxic paints, parts, and accessories.
Easy-to-assemble parts.
All business will be manufacture in somali region and made with high quality steel, and
rubber.
Quick, 48-hour delivery since our goal is to keep at least 50 units of each toy in stock.
High-quality, interactive website.
Face-to-face interaction with customers at craft shows over a three state area.
City Service
Growth Strategy
To grow the business , SOM-NUNA TOY BUSINESS CENTER will do the following:
Sell products at craft fairs in godey, kbri-dahar, and jigjiga.
As business grows, advertise in target markets, especially in advance of the holiday
season.
The target demographic for the business will be parents of children aged 3-10. The business
will increase awareness to our targeted customers through online advertising and attending craft
fairs.
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