Professional Documents
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Document 1
Document 1
● SUBMITTED TO:
Mam Andleep Zahra
● SUBMITTED BY:
Momina Bashir
Momna Butt
Momna Shafique
Najm-ul-Sehar Irfan
Nayab Nasir
● CLASS:
B.Com (Hons.)
● SEMESTER:
5 (V)
● SESSION:
(2019-2023)
LAHORE.
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“In the Name of Allah, the Most Beneficent, And the Most Merciful”
ACKNOWLEDGEMENT:
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TABLE OF CONTENTS
1. Executive Summary 5
4. Organizational Feasibility 11
5. Financial Feasibility 13
6. Business Model 17
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AN INTRODUCTION TO OUR BUSINESS IDEA
Our business idea is to make a company that provide affordable and good
quality solar chargers to our customers. Our business will be a general
partnership between five female partners and they will also operate their
business practically themselves. All the partners will share equal ownership of
the business.
Partner Names:
4. Miss Najm-ul-sehar
5. Miss Nayab Nasi
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1. EXECUTIVE SUMMARY
⮚ INTRODUCTION:
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⮚ Target Market:
In the first three years of operation,” Port Company” plans to open three or four
branches. The firm plans to build a strong market position in the city by targeting
people in universities, hostels, restaurants and cafes. In short, targeting those who
spend time outside their homes and those areas that have more energy crisis and
load shedding issue. It will target young and middle aged people who use mobile
phones very much.
The Solar Panel business is increasing day by day . Port Company will provide
them solar charger which can charge a mobile phone, charging light etc.
Solar charger will provide the following benefits:
• It will reduce the use of traditional electricity as well as the electricity bills.
• It will make people aware about the benefits of solar system.
• It will help people in emergency and in load shedding.
⮚ Management Team:
Port Company is incorporated in Lahore city. It is equally owed and managed
by its five female partners. This is the only one best firm in the country that is
run by women. The proposed venture will be working from 9:00 a.m. to 9:00
p.m.
Miss Momina Bashir and Miss Momna Butt are the Managing Directors with
the education of MBA and with the qualities of leadership and are experienced
in marketing. Miss Momna Shafique is the Marketing Manager and deals with
all marketing related issues. Miss Najam-ul-Sehar is the Operational Manager
and deals with all Operational issues of the company. Miss Nayab Nasir has the
experience in finance.
The company intends to hire two full time Electrical Engineers and six part
time workers to handle day to day operations.
⮚ Most critical considerations:
The most critical considerations or factors for success of the business are:
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1. Owner and key employees must have technical expertise and
experience.
2. After Sales Services is also crucial in creating good personal
relationships with customers.
3. Linkage development with the local market and households.
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2. You don’t need to worry about your low mobile charging because it is a
portable charger.
3. You can charge your mobile in an emergency or load shedding.
4. It will reduce your electricity bill.
⮚ Demand for the Solar Mobile Charger:
Due to the energy crisis and increasing population the demand for solar panel
products increasing day by day. The solar charger is an innovative product
which is made with the use of solar panel system. By analyze the features and
benefits of solar charger the demand for this product will increase.
How we check that there is demand for Solar Mobile Charger?
It could be check in the following ways:
• We will check it by taking face to face feedback from our potential customers,
if they are satisfied or liked from the solar charger produt.
• We will check it by using online tools such as Google AdWords and Landing
Pages.
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3. INDUSTRY/TARGET MARKET FEASIBILITY
ANALYSIS
Major players are manufacturing portable solar chargers that are highly
competitive and provide significant efficiency to the end users. They focus on
new product development as a key strategy in order to offer the suitable
portable solar chargers.
Out of all available clean master resources ,solar energy has proven possibility
of integration in everyday products.The advent of this product integrated
photovoltaic (PIPV) domaincan be tracked back when the small solar powered
pocket calculator was introduced in the market.scalling up the concept and
integrating solar technology in outdoor products having plenty of sunshine
throughout the year , therefore offers another ways to sustainable future .Our
market research has shown that new start ups and products for sustainable
shading have been the launched in recent years and market is still developing .
Start-ups are USA and CANADA based whereas some already established
companies from CHINA are producing a practical sunshade with possibility of
charging electronics devices.
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⮚ Solar Power Mobile Devices Market: Segmentation
basis of the configurations ● Folding
● Rotating
basis of the devices ● Bluetooth headsets
● Speaker phones
● Cell phone batteries
basis of the end use industry ● Electronics and Electrical
● Energy and Power
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The report covers exhaustive analysis on
4. ORGANIZATIONAL FEASIBILITY
As popular as solar energy is today, the process for determining whether a
solar project is a sensible investment can be a black box that many facilities’
managers and chief financial officers would prefer to avoid. In this blog post,
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we will equip you with basic tools to complete your own internal solar
feasibility analysis before contacting a developer or installer.
⮚ Financial Approach:
Once you’ve determined the feasibility of your project location and considered
your current energy usage and cost, it is time to think through financing
options for the solar project.
⮚ Self-Funding Approach:
For some businesses, the most sensible way to approach funding for a solar
project is to self-fund. Consider this approach if:
1. Your firm has the tax appetite to take advantage of the Federal Investment
Tax Credit (FITC) and Modified Accelerated Cost Recovery System
(MACRS) depreciation that is available in a solar project.
2. You have access to the capital required to develop a commercial solar
project. Typically, a commercial solar installation can cost 100,000 and up.
Naturally, the larger the installation, the higher the cost.But its small
proects so ,the cost will be low.
Certain solar developers have established relationships with lenders who are
familiar with solar economics. In some cases, these lenders offer better rates
and terms than traditional business debt instruments. It is worth reviewing
funding options with your developer or installer of choice.
This problem isn’t only relevant to small and medium size businesses. Even
Fortune 100 companies grapple with the same issue. In most cases, large
companies have a public sustainability mission or plan that requires a certain
amount of renewable energy procurement. Some companies resort to
purchasing renewable energy credits, while others don’t want to be denied the
distribution and transmission savings of onsite solar installation – thus opting
for a creative funding option that requires zero capital expenditure. This
option is commonly known as a Power Purchase Agreement (PPA) and it is
growing in popularity.
▪ Solar Feasibility Study – We analyze your needs and electric bill data to
make sure that a solar project will benefit your business.
▪ Proposal Development – Once we understand how solar can benefit you,
we develop a comprehensive proposal for you and your leadership to
review. During our study, we’ll idenfity which funding method will save
you the most money. See the Financing Approach section for more
details.
▪ Commissioning and Operation – After installation, the solar panels
undergo comprehensive testing. When all systems perform at or above
expectation, we turn on the solar array.
▪ Letter of Intent – If our proposal addresses all of your needs, we’ll
provide you with a letter of intent that allows us to perform a deeper
due diligence.
• In this solar product installation, the start up costs will include product
cost, installation cost the cost of inspection and certification. The
product cast will include all of the various hardware components of a
solar system, including the actual solar products, the frames to mount
them on, the inverter to convert the DC power to AC. And the grid tie
system which will allow it to connect to the power grid. There will also
be the cost of a professional installation, as this is requirement for the
MTC grant. Finally, there is the cost of inspection and certification, which
is also required to receive the aforementioned grant. All of these costs
will be reduced by the grants and incentives outlined in the previous
section to determine the overall start up cost.
• After the solar panel installed and generating electricity, there is an
operational cost that goes along maintaining them. Solar retailers often
give information about maintenance cost of solar panels, which includes
any maintenance or repairs or replacement of damaged panels. Even
smaller costs such as the shovelling the snow off of the solar panels
during the winter would fall in this category.
• The money generated from the solar panel would ideally offset the cost
mentioned above money generated from solar Panels can be broken Into
three categories: energy saved, energy sold back, and renewable
energy credits. The primary category the energy saved will be the
difference in cost between the electric bill with the solar panels installed
and what the electricity bill would have been without them installed in
the simplest scenario this would be the number of kWh generated that
does not exceed the amount used multiplied by the cost per kWh.
• The next category energy sold back to the electric company would be
any amount of electricity generated by solar system that exceeded
energy usage and could be sold back to the electric company. The final
way to profit from the solar panel is through the sale of renewable
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energy credits to other corporations. Corporations are regulated by the
government to meet a certain quota for the use of renewable energy.
Some generate their own renewable energy; however, others buy credits
in lieu of generating in themselves. These credits have their own market,
and the proceeds from of the sales of credits may be in the addition to
the money received from the previous two categories.
• The final consideration when analyzing the feasibility of such a project is
the available financing . Solar panels system generally require small
capital investment divided into five partners .
Economic feasibility systems , investigated what economic factors and
assumptions should be used in order to create an accurate economic
model of solar product.
⮚ SCOPE:
This programe should allow more people to use renewable energy sources.
Which will help in attaining a free and uninterrupted supply of electricity. The
excess energy which is produced shall be available to other people through
Net metering so it will impact the whole nation.
⮚ ELIGIBILITY CRITERIA:
The eligibility criteria to qualify for this program have been kept very easy and
simple to cope this the original objective of the program that is encourage
more people to use renewable energy by making it affordable. The eligibility
criteria certain only these two requirements.
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▪ STAGE 1: Bare minimum inventory is maintained to fulfill the demand
on time
▪ STAGE 2: demand
from clients
analyzed
▪ STAGE 3: delivery
and installation
at the premises of
clients takes place
▪ STAGE 4: recorder
of inventory
according to
demand
The operation capacity of this pre feasibility is 12 kW per month. The assumed
operational capacity during the first years of operations is 90%.
⮚ CRITICAL FACTORS:
The key success factors are as follows:
▪ Quality of components .
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▪ Effective marketing plan for the business so that the potential customers
could be reached.
▪ After sale services is also crucial in creating Good personal relationship
with customers.
▪ Owner or key employees must have technical experience and expertise.
▪ Selection of a central location based on the target market.
▪ Linkages development with the local market and house holds.
The battery pack power is used to power the induction coil that is mounted on
the top of the power bank. When mobile phone is placed over the top of the
power bank an electromagnetic induction effect induces electric current in the
coil mounted in the phone back. This is used to charge the phone wirelessly.
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6. Business Model
The Port Solar Charger Turns Any Window into a Power Outlet for Your
Mobile Gadgets. The best aspects of the Port Solar Charger include its
lightweight design and USB compatibility. While some solar phone chargers
we’ve reviewed in the pass are powerful, they’re also quite bulky and require
outdoor placement in direct sunlight. The Port Solar Charger is light (about 3.8
oz) and attaches directly to the window frame to avoid shadows cast by
frames or window
furniture.
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• The two levers of a business model are pricing and costs.
• When evaluating a business model as an investor, ask whether the idea
makes sense and whether the numbers add up.
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⮚ Components Required:
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This charger is made by converting, controlling and conditioning the flow of
electrical energy from source to load according to the requirement’s of the
load; this technology is called power electronics.
We highly recommend that another D-lab group take up this project and work
on further optimizing it and reducing costs, possibly developing alternative
ways to step up the voltage without the use of expensive components like the
differential amplifier.
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7. RISKS AND CONTINGENCY APPROACH
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specific situations, a solar charger could charge a phone the size of an
iPhone X using a few hours of midday sun. But in most situations, a USB
solar charger isn’t actually the best portable power source, and you may
be better off starting with a USB power bank designed for phones and
tablets, USB-C laptops, or AC-powered laptops. Our power bank picks
keep a smartphone charged for hours or even days at a time, are the size
of a paperback novel or smaller, and are not dependent on the weather.
The risks affecting solar projects appear throughout the entire project lifetime,
but vary greatly in character. Here are some examples:
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The immediate impact of the presence of any of these risk factors is
uncertainty around the revenue and profitability projections for the
project and thus the financial viability of the project.
⮚ Contingency Approach:
To find a power supply problem, we start at the data logger and test
each part of the system back to the charging source. After you perform
these steps, contact Campbell Scientific if you find any of the conditions
outlined below:
Condition Cause
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⮚ Social Benefits:
A solar battery charger is a device used to avoid using power source for
charging. They are easy to use and you do not have to pay a lot of
attention. This charger has solar panels to collect power from the sun
and convert into electricity. The main advantage of using a solar battery
charger is that it can be used to store energy, which can be used later
when sun is not available on a wet or cloudy day. You can charge the
battery of your cell phone without taking them out in the sun. You can
store the solar energy in the solar charger during the day and can use it
at night to charge your phone.
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A solar charger is portable and you can easily carry it anywhere to
charge the battery of your device. The main benefit of using this charger
is that you do not require an external power source to charge your
device. It is extremely handy for outdoor activities. You can carry it along
with when you are going out with friends on a picnic or a party. Thus,
you can remain connected with your friends and family members when
you are out of home and do not have a power source to charge your
devices by using this unique charger. A solar charger is portable and you
can easily carry it anywhere to charge the battery of your device. The
main benefit of using this charger is that you do not require an external
power source to charge your device. It is extremely handy for outdoor
activities. You can carry it along with when you are going out with
friends on a picnic or a party. Thus, you can remain connected with your
friends and family members when you are out of home and do not have
a power source to charge your devices by using this unique charger.
3. Renewable clean power that is available every day of the year, even cloudy days
6. Creates jobs by employing solar panel manufacturers, solar installers, etc. and in turn,
7. Excess power can be sold back to the power company if the grid is tied.
8. Ability to live grid free if all power generated provides enough for the home/building.
11. Solar can be used to heat water, power homes and building, even power cars.
⮚ Economic Benefits:
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▪ Investment in solar technology can improve energy access, create jobs,
increase income, improve trade balance and contribute to industrial
development. The socio-economic benefits of solar are astounding and
its’ impact can be maximized with sound macro-level policies.
▪ All around the world, people are affected by natural disasters like
hurricanes, floods, fires, earthquakes, and more. Many of these disasters
can lead to power outages. With solar energy, you’ll be able to benefit
your local economy by providing power during these emergencies. The
sun will still produce power when other sources of energy aren’t
available, and your family and community will benefit from this in an
emergency. In addition, solar power can help reduce the effects of global
warming that cause some emergencies.
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country having abundance of sunshine, this device brings an alternative
to non-renewable energy sources that are highly expensive and not
readily available. This device encourages green technology. A fascinating
fact is the incorporation of a heat sink to absorb dissipated heat. This
device can be carried around in the pocket and can be used on the go. It
is undoubtedly the solution to carbon emissions from generators.The
limitation of this work is the unavailability of Solar Panel on Proteus
thereby making it impossible to have an exact software simulation; a DC
source is used in place.
The following recommendations have been made for future.
implementation and improvements:
• The device should be incorporated with several LEDs to indicate
the exact level of charge in the backup at all points. This can also
be achieved using an LCD as a display or indicating component.
• A higher power solar panel should be used in order to increase the
efficiency of the device, reducing the charging time. This can be
done by locally fabricating the panels and applying certain
photoconductive chemicals to the layers of silicon: doping.
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