Business

20 Sep 2021
Proposal

ELECTRICAL
SUPPLY
BUSINESS
Why I choose to start this business

huge returns on investment

A rapid economic slump is one

of the most serious threats

If we have strong business ties

with construction contractors
and construction companies,
we can success
Business description

Store will be located on one of the busiest streets in the city.

will lease a property that is large enough to host the type of basic electrical
equipment supply store that we plan to open.

Customers can use our online service, and our store accepts a variety of payment
methods.

We will provide first-class service to all of our clients who visit our store.

We'll make sure that our customers have a role in which brands will be available
in our store.
Hiring People and Staffs

We will hire people who are qualified,

honest, customer-focused, and willing to
work hard

○ Chief Executive Officer (Owner)

○ Store Manager
○ Human Resources and Amin Manager
○ Merchandize Manager
○ Sales and Marketing Manager
○ Accountants / Cashiers
○ Customer Services Executive
○ Truck and Van Drivers
The product list that we're going to offer.

Wiring
Lighting fixtures and light bulbs
Relay and industrial controls
Switchgear and switchboard
Motors and generators
Power and distribution transformers
Other electrical equipment.
Our Vision and Mission

Our vision is to develop a one-stop electrical equipment supply

business and to become the leading brand

Our mission is to open a world-class electrical store, that will

stock a wide range of electrical equipment
SWOT Analysis
located in a city with a lot of building and real estate activity
S can brag about having strong commercial relationships with major
electrical equipment manufacturers.

W a new electrical equipment supply outlet and do not have the

financial ability to compete with multi-billion dollar

O have a plenty of possibilities to offer our electrical equipment to

construction firms.

When manufacturers' prices to wholesalers drop, wholesalers usually

T have to decrease their retail prices.
Industry Analysis
Electrical construction materials are often distributed by an electrical supply firm to
construction companies, so revenue growth is largely determined by demand from
them.

demand for many of the industry's products is influenced by factory

output and electricity usage.

Between 2013 and 2018, the industry is predicted to rise at a rate of 2.2 percent per
year.
 Market Analysis

Because of the increased demand for both building renovations and consumer sentiment,
revenue will rise as a result of lower pricing in electrical equipment supply outlets to
attract more sales.

Construction and real estate companies cooperate with electrical equipment

supply businesses as part of their marketing efforts.
Target Market

Construction Companies

Home Remodeling Companies

Small Electrical equipment

Retail Stores
Competitive Analysis

Our store is stocked with a large variety of electrical supplies at all times.

As a result of our great customer service culture and online store, we will have a
competitive edge over our rivals.
Marketing and Advertising Strategy
Send introduction letters and our brochure to building
firms and companies to introduce our store

Have a diverse selection of electrical equipment from various manufacturers.

Post information in the yellow pages (local directories)

Post ads in local publications, on the radio, and on TV

Use internet, social media and other media outlets

Payment methods

Payment via bank transfer

Payment with cash
Payment via credit cards
Payment via check
Payment via mobile money transfer
Payment via bank draft
Startup Budget
Fee for registering and expenses for obtaining licenses and permits - $3000.

The cost for shop and warehouse remodeling - $15000

Operational cost for first 3 months - $50000

The cost for start-up inventory - $200000

The cost of launching website - $500

Miscellaneous - $15000
Reference List-
Electrical-Supply-Business-Plan. Available at:
https://www.profitableventure.com/electrical-supply-business-plan/
(Accessed: 17 Sep 2021)

Write-an-Industry-Analysis-Report. Available at:

https://www.wikihow.com/Write-an-Industry-Analysis-Report
(Accessed: 15 Sep 2021)