ONE STEP TO THE

FUTURE
Business Plan

INSIDE THIS REPORT

Our Mission
Business Overview
We are dedicated to
reducing the existing
Products and Services
housing shortage by
providing new homes for
Market Analysis
those in need and

Team and Management

creating affordable
communities through
practical financing
Financial Forecast
solutions.
 PREAMBLE
This business plan is presented here to benefit and promote the
operations of “ONE STEP TO THE FUTURE”. The purpose of this plan is to lay
out a clear and decisive path of action in order to execute the
sustainable and successful construction of apartments project in Bishkek,
Chüy Region, Kyrgyz Republic, provide residential opportunities to the
citizens of Kyrgyz Republic and simultaneously create and maintain
frequent returns on the adopted business model.

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BUSINESS PLAN
DISCLAIMER
This document has been prepared for informational purposes only. Information contained in
this business plan has not been independently verified and no representation or warranty,
express or implied, is made and no responsibility is or will be accepted concerning the
accuracy, reliability, or completeness of any such information. This document is to be used as
a basis for continued discussions and does not constitute a commitment in any manner.

The information and opinions contained in this document are not intended to be the sole basis
upon which the implementation of the opportunity contemplated herein (the “Opportunity”)
can be decided. It is therefore advisable for the recipient(s) to make its/their own judgment
and assessment of the information and the Opportunity contained in this document. Opinions
expressed herein reflect the judgment as of the date of this document and may be subject to
change without notice, whether specific to the Opportunity or general, which may have a
material impact on any such opinions. No responsibility is undertaken herein for any
consequences resulting from the use of this document as well as the reliance upon any opinion
or statement contained herein or for any omission.

The preparation of this document is intended for information purposes only and is not tailored
to the specific investment objectives, financial situation, or needs of any specific person or
entity who may receive this material. Investors should receive independent financial advice
regarding the appropriateness of investing in any securities, financial instrument, or investment
strategy discussed in this document. This document is intended to be directed to qualified
investors only.

It is also germane to refer that Vertex Capital has been retained to develop the business plan
for ONE STEP TO THE FUTURE. Financial, business, and situational matters have been looked into
in light of the best management consultancy practices while expressing opinions of any sort.
Nonetheless, the assumptions relied upon alongside the limiting conditions have been
thoroughly furnished at the end of this document.

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TABLE OF CONTENTS
1. BUSINESS OVERVIEW ..................................................................................................................... 6

1.1. MISSION STATEMENT ............................................................................................................... 7

1.2. VISION STATEMENT ................................................................................................................. 7

1.3. KEY OBJECTIVES ..................................................................................................................... 7

1.4. CORE VALUES ......................................................................................................................... 8

1.5. FINANCIAL HIGHLIGHTS ......................................................................................................... 9

2. PRODUCTS AND SERVICES .......................................................................................................... 10

2.1. MODERN DAY TECHNOLOGY IN EACH FEATURE............................................................... 10

2.2. NECESSITIES AVAILABLE JUST FEW MINUTES AWAY ............................................................ 10

2.3. SALIENT FEATURES OF APARTMENTS .................................................................................... 11

3. MARKET ANALYSIS ...................................................................................................................... 12

3.1. Areas of Growing Housing Market ..................................................................................... 14

4. COMPETITOR ANALYSIS .............................................................................................................. 16

5. STRATEGY AND IMPLEMENTATION SUMMARY ........................................................................... 18

5.1. LOCATION ............................................................................................................................ 19

6. SWOT ANALYSIS .......................................................................................................................... 20

7. MARKETING STRATEGY ............................................................................................................... 21

8. TEAM AND MANAGEMENT ......................................................................................................... 22

8.1. BUSINESS MODELLING & COMPANY STRUCTURE ............................................................... 22

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 8.2. OUR ORGANIZATION ........................................................................................................... 23

8.3. STRATEGIC APEX .................................................................................................................. 23

8.4. MANAGEMENT STRUCTURE ................................................................................................. 24

8.5. BUSINESS STRUCTURE ............................................................................................................ 24

8.6. TRAINING .............................................................................................................................. 27

8.7. FEEDBACK & CONTROL ....................................................................................................... 27

9. FINANCIAL FORECAST ................................................................................................................ 28

9.1. FIVE-YEARS STATEMENT OF ACTIVITIES PROJECTION ......................................................... 28

9.2. FIVE-YEARS PROJECTED STATEMENT OF FINANCIAL POSITION ......................................... 29

9.3. FIVE-YEARS PROJECTED CASH FLOW ................................................................................. 30

9.4. VISUALIZATIONS .................................................................................................................... 31

10. ASSUMPTIONS & LIMITING CONDITIONS ................................................................................ 33

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1. BUSINESS OVERVIEW

ONE STEP TO THE FUTURE is a non-profit housing and construction cooperative organization.
The company is operational since 2019 and is headquartered in Bishkek, Kyrgyzstan. “One step
to the future” is planning to construct a residential complex and selling 192 units of

apartments per month in Bishkek, Kyrgyz Republic. The housing project by the company will
provide housing for about 250,000 families.

The idea of “ONE STEP TO THE FUTURE” behind the project is to help residents of Kyrgyz Republic,
in solving the housing problem through building a residential complex and providing them with
the opportunity to purchase the apartments on installments over a ten-year period on interest-
free basis that only attracts a markup of 5% of the cost of the housing.

For the construction of the residential complex, “ONE STEP TO THE FUTURE” requires the
investment of USD 50 million for the construction of one complex. The company will utilize the
funding to construct 10 residential complexes within 10 years. The company believes to sell the
apartments at a mark-up of 100% of the cost of construction to deliver sufficient returns to the
investors. The cooperative has more than 15,000 potential families who have the opportunity
to make an initial payment of 50% (construction cost), and pay the rest for 10 years (profit from
construction).

The residential complex by “ONE STEP TO THE FUTURE” will be targeting the planned niche of
11.42% of the Kyrgyz’s citizens that do not have their own homes. The housing project will not
only meet the modern residential needs but also ensures flexible payment plan. Unique selling
proposition of the residential complex will be their superior quality and lower market price.
“ONE STEP TO THE FUTURE” holds prior experience of 3 years and so far, and is determined to
implement a social investment project for the construction and purchase of apartments on
installments, by the citizens of Kyrgyzstan; to accommodate 250,000 families with apartments
in Bishkek city.

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 1.1. MISSION STATEMENT

To bridge the housing gap with affordable homes readily available for those in need by
offering them a house that is easily budgeted with their existing income.

1.2. VISION STATEMENT

To ensure that every citizen in our region, irrespective of their financial status, has the
opportunity to live in a community that they deserve.

1.3. KEY OBJECTIVES

“ONE STEP TO THE FUTURE” has set the following long-term key objectives over its course of
operations.

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 1.4. CORE VALUES

ONE STEP TO THE FUTURE is an organization that is guided by values. A company that is guided
by its values is a company that will always achieve its goals. The following are our values that
they believe in religiously and that they strictly follow in their work and life:

INTEGRITY
•Being a non-profit organization, we accept funding from multiple sources, we consider
ourselves accountable for each penny we seek for the development of the community.
We not only pursue honorable initiatives, but we conduct business in a way that is honest,
transparent and ethical.

EXCELLENCE
•Excellence is the key component of our products and services to the
community. We bring excellence to our operations by sourcing the best inputs
for our construction projects. we set tangible benchmarks for our organization
and that we routinely succeed in them. We demonstrate that we have the skills
and commitment to accomplish our mission.

COMMUNITY
•We believe in working as a community with other stakeholders, agencies and
partners. To accomplish more, we will attempt to complement the existing
resources available in the related communities rather than duplicate them.

RESPECT
•We believe that all people are equal and deserve the same respect regardless of their
position, financial status, race, or ethnicity. We treat our employees as we expect to be
treated.

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 1.5. FINANCIAL HIGHLIGHTS

“ONE STEP TO THE FUTURE” has seen potential growth in the business. Our financial forecast
shows that the company can utilize its assets to stimulate business growth in the nearest future.

Following is a rough projection of the financial situation of the business for the next 5 years.

All Amounts in USD

2023 2024 2025 2026 2027

104,509,440 113,762,880 123,016,320 132,269,760 141,523,200

Income

(51,653,250) (57,398,697) (62,000,901) (66,084,049) (70,176,086)

Expenditures

52,856,191 56,364,183 61,015,419 66,185,711 71,347,114

Surplus/ (Deficit)

50.58% 49.55% 49.60% 50.04% 50.41%

Surplus Margin

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2. PRODUCTS AND SERVICES

“ONE STEP TO THE FUTURE” will construct 2,304 individual apartments or 124,425-meter squares.
The entity will raise smart buildings to enhance the user experience and reduce running costs.
It is pertinent to mention here that smart buildings are equipped with state-of-the-art
technology that reduces human intervention or dependency in many ways. May it be safety,
sanitation, water control, lighting, air conditioning or heating, a smart building can intelligently
connect its residents or occupants directly to these systems. Thus, removing human
dependency to control these functions manually. Just by sharing some crucial information
digitally with its occupants, a smart building provides a safe and comfortable environment for
its residents. This results in a significant cost saving in the long run with increased comfort. The

2.1. MODERN DAY TECHNOLOGY IN EACH FEATURE

The first feature that differentiates our apartments from standard apartments is the smart
implementation of technology. This is to improve the overall design of the building and
considerably enhance the user experience. For example, our building will have a security
system involving sensors. This will be used to keep a count of how many people are occupying
the building through a data analysis tool. This will allow to adjust the lighting accordingly
resulting in a considerable amount of cost-saving.

The other option will be to use energy-efficient material and other installations to reduce the
overall carbon footprint while also saving annual costs of power consumption. Our apartments
will offer their residents modern and up-to-date safety and security management systems and
also provide significantly better energy efficiency in comparison to a standard building.

2.2. NECESSITIES AVAILABLE JUST FEW MINUTES AWAY

Our buildings won’t just save energy and provide a good environment, but it will also have
other benefits as well. Our apartments will be located at one of the most prime locations of
the city. This means that all the important places inside the city are just a few minutes of drive

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BUSINESS PLAN
away. We will plan our apartment buildings near hospitals, markets, offices, malls, and all other
places that the residents visit often.

2.3. SALIENT FEATURES OF APARTMENTS

Apartments will have the following main features:

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3. MARKET ANALYSIS

The market is growing at about 5% per year,

as the growth of the population of Kyrgyzstan
6000
is greater than other Central Asian countries. 4945
5000 4331
As of 1st August 2022, the country has a 4000

population of 6.9 million. 3000

2000
Kyrgyzstan's economic activity advanced by
1000
7.7 percent year-on-year in the January-July
0
period of 2022, rebounding from a 1.6 Jun-22 Jul-22
Housing starts in the Kyrgyz Republic
percent pandemic-induced drop a year
ago. The economy has gained momentum
by 5.7 percent year-on-year in the January-
May period of 2022.

Housing Starts in Kyrgyzstan averaged 3789.15 units from 2013 until 2022, reaching an all time
high of 8447 units in December of 2021 and a record low of 204 units in January of 2016.

Housing Starts in Kyrgyzstan is expected to be 690.50 units by the end of this quarter,
according to Trading Economics global macro models and analysts’ expectations. In the
long-term, the Kyrgyzstan Housing Starts is projected to trend around 690.50 units in 2023.

YoY Increase in Real Estate Activities

1600 24.1% 1412
1400
1138
1200
1000
For 30 million sqmt
800 demand only 1.2
600 million sqmt is met
400 i.e.,
178 11.8% 199
4%
200
0
Jan-21 Jan-22

Individual residential constructions Apartments

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BUSINESS PLAN
Currently, there is a high shortage of housing for 250,000 families in the Kyrgyz Republic. JSC
“State Mortagage Company, commercial banks and housing cooperatives provide homes
to 10,000 families annually. Nonetheless, the need for housing will stand at 250,000 in the next
year as according to a statistics, there difference between the birth rate and death rate is
8% greater i.e., the birth rate is greater than 8% of the death rate. Hence, giving rise to an
increased demand for housing the families.

According to the world’s standards of living, it is necessary to build one meter square of
housing for every citizen. Whereas, in Kyrgyz Republic, the statistics show that for a population
of 6.8 million, only 1,250,000 meter squares of housing is built annually, indicating that the
volume of construction is six times lower than the world’s standards.

Increased cost of
housing
Housing ownership is available
to only 3-5% of the country's
population.

Factors Repayments exceed the

income of the family
attributable The monthly housing
installments amount to more

to lack of than 700 USD with the average

salalry of 350 USD for families, if
puchased from constuction
housing companies

Execessive repayment
in cases of obtaining a
mortgage loan from banks at
interest, the overpayment is
from 70% to 150% of the
nominal value of housing.

ONE STEP TO THE FUTURE holds a great opportunity to capture the unexploited market by
offering them a reasonable repayment schedule for the housing.

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 3.1. Areas of Growing Housing Market

Following areas are considered to have growing demand for housing market:

Bishkek is the capital of Kyrgyzstan. Over the last three decades, the
city has undergone rapid urban developments. Since 1989, the city’s
population has nearly doubled and is now well over 1 million.4

The urbanization process was largely driven by the influx of rural

Bishkek Region migrants who, following the dissolution of the Soviet Union, pursued
improved economic opportunities in the country’s major urban
economic center. The urban development has made the capital city
even more attractive for the people of Kyrgyz Republic for
employment and accommodation.

Batken is the region (oblus) of Kyrgyz Republic. The Ministry of Economy

and Commerce of Kyrgyzstan has developed and submitted for public
discussion a draft resolution on improving the quality of life of residents
Batken Region of settlements in Batken region by increasing the housing stock. It is
planned to start construction of high-rise and low-rise housing in the
border areas. Therefore, it makes Batken an attractive location for
expanding “ONE STEP TO THE FUTURE”’s operations.

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 Osh is the second most populous city after the capital – Bishkek. Osh is
an industrial city and a hub of significant growing industries in the
country. Apartments in Osh from the developers are offered taking into
Osh account different needs - more and more modern complexes appear,
in which housing from economy to elite class is provided. Nevertheless,
the demand for new buildings in Osh from the developers is still large
and the supply is still significantly inferior to it.

According to Kyrgyz Officials, foreign investors have been attracted to

construct an ‘eco-city’ near the picturesque shores of Lake Issyk-Kul.
Issyk Kul The project is also expected to create thousands of jobs for local
Region residents and many others currently working as migrant laborers in
Russia and elsewhere. Which will rise the demand of housing in the
region.

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4. COMPETITOR ANALYSIS

The construction industry is a significant sector of the Kyrgyz economy. The share of the
construction sector in the country's GDP is 29%. There is a shortage of housing for 250,000
families, indicating a huge demand of housing construction. Currently, there are two major
construction companies i.e., Kut and Doolot Kurulush that offer the customers the opportunity
to buy apartments on installments for more than five years, in Kyrgyzstan whose details are
provided as under along with the other competitors:

Company Business Activities

Provides the opportunity to give a limited

Kut number of apartments in the amount of up
to 100 apartments for 8 years

Doolot Kurulush provides apartments for a period of 10 years

provides installments for 15 years, but there

is an interest rate on the loan and the
State Mortgage Company
overpayment is more than 50% of the
nominal value of the apartment

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 In Kyrgyzstan, Ibadat Cooperative is the
only company that has built its own 1
Ibadat Cooperative residential building for 40 apartments, other
Cooperatives do not build their own
housing.

Other construction companies give

Others maximum installments of no more than 3
years.

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5. STRATEGY AND IMPLEMENTATION SUMMARY

Key takeaways from the overall strategy and implementation are provided as under:

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 5.1. LOCATION

The location of the Project by the company is, the Bishkek region of the Kyrgyz Republic.
Bishkek is in the north of Kyrgyzstan at 800 metres of altitude and about 40 kilometres (km) from
the northern ridge of the Ala-Too mountains. It is also relatively close (180 km) to Issyk-Kul, the
seventh deepest lake in the world and the
country’s most popular vacation resort. The
city has a continental climate with average
temperatures between 25°C and -2°C. Two
main rivers, Alaarcha and Alamedin, flow
through the city connecting at the Great
Chuy Canal.

Bishkek is the testing ground for the majority

of the Government’s pilot projects as part of the National Development Strategy of the Kyrgyz
Republic for 2018- 2040, most notably the “School of the Future”, “Safe City” and “Healthy
City”, which aim to address some of the

country’s longstanding challenges in the education, transportation and health care sectors.
Building on a highly entrepreneurial society, Bishkek has a high potential to further strengthen
its economic potential. Around 60 per cent of the country’s small and medium enterprises
(SMEs) and 18 per cent of the national industrial production are concentrated in the capital
city. Bishkek is the country’s major financial center as well as the national cultural center. As
the latter, Bishkek has a wide range of cultural infrastructure, including the Kyrgyz National
Philharmonic Hall, the National Opera and Ballet Theatre, drama theatres, libraries and
museums. Bishkek is also a popular international tourism destination, offering many attractions
such as galleries, parks, squares and restaurants primarily in the center of the city.

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6. SWOT ANALYSIS

The SWOT Analysis is a necessary part of us because it gives an in-depth look at our Strengths,
Weaknesses, Opportunities, and Threats.

Strengths
 A well-calibrated and mathematically calculated
technology for raising funds and issuing loans.
Strengths
 Competitive edge over the competitors in terms of
pricing and obligatory requirements
 Provision of personal online account to residents for
Weaknesses complete transparency of work.
 Immunity of the project against exchange rate
fluctuations.
SWOT
Analysis Weaknesses
 A newborn company
 Delay in approval of programs and projects of the
Opportunities
“ONE STEP TO THE FUTURE”
 Lack of precedents for the project, making the
investors hesitant for investment
Threats

Opportunities
 Increasing demand of housing
 Expansion of residential complexes into other regions
 Stable prices for building materials, fittings and construction equipment
 Partnership with IDF and MRM, to improve the quality of construction

Threats
 Growing level of unfair competition in real estate market
 Intense competition in credit and lending market
 Extensive regulatory requirement may result in non-approval of the projects

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7. MARKETING STRATEGY

The 4P marketing mix of “ONE STEP TO THE FUTURE” is provided as under:

Place
Product At its stage, the project will
Being a non-profit be located in the Bishkek
organization, “ONE STEP TO region in the Kyrgyz
THE FUTURE” undertakes Republic. After that, the
investment projects for project will be expanded
social causes i.e., providing to other regions of the
homes to the citizens of the Kyrgyz Republic. However,
Kyrgyz Republic. The particular attention at the
project will offer to house initial stage will be given to
250,000 families with Bishkek.
individual apartments.

Price
To ease the occupation of
houses in the city, “ONE STEP Promotion
TO THE FUTURE” provides The company has
interest-free loans to the developed its sales funnel.
residents. “ONE STEP TO THE 90% of the customers traffic
FUTURE” will follow a low-price will come from advertising
strategy and the cost of in social networks
acquiring housing for the Instagram, Facebook
residents will be lower than (news publics and target),
through banks and the remaining 10% is
mortgages. The price for one advertising on TV, radio
apartment will be 43,200 USD. and banner advertising.
Also, 5% commission will be The average budget on a
charged on the cost of monthly basis is between $
apartment. 19,200 and $ 40,000.

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8. TEAM AND MANAGEMENT

8.1. BUSINESS MODELLING & COMPANY STRUCTURE

The basis of an organization's design is its key design concepts. These ideas are used to
transform the value chain and operational model into a functional and positional
organizational structure.

Value

Customer Function Industry Organizational

Scalability
Centricity Segregation Specialization Efficiency

Create a Distribute critical To facilitate the Align the business Create a flat, lean
pleasurable activities across rapid development development organization.
customer functional of new and account
experience domains. services/products, management
flexibility and teams with the
Improve the
scalability are industries.
Separate critical control span for
required.
Make an effort to support management
keep things competencies functions.
simple for our from operational Invest in specialist
customers responsibilities Ability to adapt resources that are

and centralize swiftly to market relevant to our

Ensure job
them. changes company, area,
continuity and
or service.
Have a single eliminate
point of contact potential
Separate the
for all customers Customer support bottlenecks,
activities of
services should be particularly in the
business
modular to absence of
development
promote greater managers.
and account
customer
management.
satisfaction.

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BUSINESS PLAN
 8.2. OUR ORGANIZATION

The human resources component of the entire service delivery must be a major element. We
want to gain a competitive edge by being able to completely satisfy our clients' demands by
having passionate, capable, and empowered employees dealing with them. We also plan to
provide our employees with adequate decision-making power to ensure that clients are
served quickly and that service delivery times are cut in half. To guarantee that employment
and pay packages are competitive, they must be evaluated against market standards for
employees' activities.

8.3. STRATEGIC APEX

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BUSINESS PLAN
 8.4. MANAGEMENT STRUCTURE

Our management strategy is focused on accountability and respect for one another. We
understand the importance of continual change to adapt to the changing environment. We
will have a flexible framework that will allow us to do the above tasks quickly and efficiently.
According to our flexible structure, we will use below the easy organizational structure to have
in place for the key personnel.

General Meeting
“ONE STEP TO THE
FUTURE”

Audit Commission
Branch Directors Board International “ONE STEP TO THE
“ONE STEP TO THE “ONE STEP TO THE FUTURE”
FUTURE” FUTURE”

Chairman “ONE STEP

TO THE FUTURE”

Marketing Manager HR Manager Chief Accountant Admin Manager Lawyer

Accountant Support Staff

Cashier

8.5. BUSINESS STRUCTURE

We are quite aware of just how important it is to build up a solid business structure capable of
supporting a top-notch organization. For this reason, we are committed to hiring only the best
individuals within our specified area of operations. Among the qualities we look for in
candidates include hardworking, result-driven, creative, customer-centric, and, most
importantly, qualified.

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BUSINESS PLAN
For the roles and responsibilities, we look at the job description that fits within our company’s
business structure:
The Chairman
 Act as the figurative head of the
organization when communicating
with investors, government entities
and the general public.
 Lead the development of the
organization’s long- and short-term
strategies.
 Manage overall operations and
make major decisions affecting the
organization.
 Manage the organization’s
resources.
 Negotiate or approve agreements
and contracts for the organization.
 Manage company organizational
structure.
 Communicate with the board of
directors.
 Assess and minimize risks to the
company.
 Set strategic goals.
 Provide company-wide leadership.
 Serve as the company’s primary
spokesperson.
 Identify and address companywide
problems.
 Develop and uphold the company’s
culture and mission/vision.
 Implement strategic plans by working
with senior stakeholders.
 Evaluate and track the success of the
company in reaching its goals.
Branch Directors
 overseeing and coordinating all
operations for a branch
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BUSINESS PLAN
 Overseeing spending plan and  Monitor and control auditing
allocating funds appropriately function
 Providing branch’s personnel Audit Commission
training, development, coaching,
and motivation
 Oversee the financial reporting
system of the entity
 Setting ambitious production goals
and communicate them to key
 Monitor the audit process
personnel
 Set internal controls
 Providing motivation, support and
guidance to all employees
 Ensure compliance with laws and
regulations
 Communicating any problems or
obstacles to senior management
 Report irregularities in the internal
control to the board
 Establishing workflow policies that
enhance speed and efficiency
 Set out risk management policies
without compromising product
safety or integrity
Lawyer
 Creating schedules for employees to
ensure optimum staffing levels  Prepare the appropriate legal
documents for trial or court
 Maintaining all construction related proceedings.
documentation for future reference
purposes  Evaluate new business partnerships
with vendors and subcontractors.
 Working with the construction team
to manage production workflow,  Represent the company in legal
schedule and quality proceedings.
 Ensuring that final product/s meets  Design and oversee the company’s
quality standards and customer policy and position on legal matters.
specifications.
 Protect the company against legal
Board risks and violations.
 Examine the legal issues related to
 Govern the organization and the
new products and services.
relationship with the CEO
 Negotiate deals on behalf of the
 Establish a policy-based governance
company.
system
 Guide management on regulatory
 Provide direction for the organization
and compliance issues to ensure
compliance with legal regulations.
 Recruit, supervise, retain, evaluate
and compensate the managers
Chief Accountant
 Fiduciary duty to protect the
organization’s assets and member’s  Drive the company’s financial
investment planning
25
 Perform risk management by  Foster a competitive yet  Conduct all necessary training to
analysing the organization’s liabilities collaborative team environment keep the team's skills and knowledge
and investments up to date
 Assess individual performance
 Decide on investment strategies by through observation and  See that tax interviews are
considering cash and liquidity risks measurement, and suggest conducted properly with clients
corrective actions as needed
 Control and evaluate the  Ensure that all necessary documents
organization’s fundraising plans and HR Manager are requested, collected, and
capital structure compiled

 Consistently recruiting excellent staff.

 Ensure cash flow is appropriate for
the organization’s operations
 Supervise all finance personnel
(controllers, treasurers, etc.)
 Manage vendor relationships
 Prepare reliable current
forecasting reports
 Set up and oversee the company’s
finance IT system
 Ensure compliance with the law and
the company’s policies
 Manage a team of financial
controllers and financial analysts.
Marketing Manager
 Review corporate and personal
income tax returns to ensure
 Maintaining a smooth onboarding
accuracy
process.
 Advise business owners and
 Training, counseling, and coaching
individuals regarding the tax code
our staff.
 Oversee the processing of state and
 Resolving conflicts through positive
and federal payroll taxes
and professional mediation.
 Maintain current and garner new
 Carrying out necessary
client relationships
administrative duties.
 Monitor and mentor/train junior staff,
 Conducting performance and wage
clerks, and bookkeepers
reviews.
 Detect and address potential
 Developing clear policies and
compliance issues proactively
ensuring policy awareness.
 Maintain compliance with all state
 Creating clear and concise reports.
and federal regulations at all times

 Giving helpful and engaging

 Recruit, hire, and train marketing  Uphold the excellent reputation of
presentations.
team our firm

 Maintaining and reporting on

 Set sales goals, compare  Maintain constant communication
workplace health and safety
performance to goals, and adjust with the IRS, state agencies, and our
compliance.
goals as needed clients

 Handling workplace investigations,

 Assess current team processes and  See that tax consults and
disciplinary, and termination
procedures, identify opportunities for onboarding procedures are in place
procedures.
improvement, and implement them for new clients

 Maintaining employee and

 Develop individual quotas and  Maintain highly organized and
workplace privacy.
assign territories for team members updated client files

 Leading a team of junior human

 Provide detailed and accurate sales  Work collaboratively with other
resource managers.
and marketing forecasts teams to achieve shared goals

Accountant  Report directly to the operations

 Coach, mentor, and provide
feedback to team members manage
 Manage and oversee the entire
accounting team

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BUSINESS PLAN
 8.6. TRAINING

In-house training will be ongoing, with external training scheduled regularly, particularly in
response to market changes. This is to guarantee that we are always able to anticipate the
demands of our markets–a proactive strategy that is critical for gaining and maintaining a
competitive edge. We will also receive external training to guarantee that we are up to date
on the newest culinary and hospitality arts. This will also guarantee that our employees can set
high criteria, or benchmarks, based on the norms of these companies.

8.7. FEEDBACK & CONTROL

 We will urge our workers to provide any recommendations they may have for improving
any of the company's functions–we believe in an open-door policy. A culture like this
promotes innovation and creativity, which leads to job satisfaction and enrichment.

 We commit to formalizing and measuring cross-functional working communication

regularly to guarantee that all departments work together to achieve company goals

 Important notifications and changes will be conveyed to workers regularly to keep them
informed and promote a sense of belonging and unity within the company.

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9. FINANCIAL FORECAST

9.1. FIVE-YEARS STATEMENT OF ACTIVITIES PROJECTION

2023 2024 2025 2026 2027

Income

Apartment Sales
99,532,800 108,345,600 117,158,400 125,971,200 134,784,000
Co-operative
Commission 4,976,640 5,417,280 5,857,920 6,298,560 6,739,200

104,509,440 113,762,880 123,016,320 132,269,760 141,523,200

Expenditures

Cost of Construction
49,766,400 54,172,800 58,579,200 62,985,600 67,392,000

Salaries & Wages

194,870 336,466 406,419 439,770 461,759

Marketing
397,680 501,675 569,177 645,428 731,739
Communication
Expenses 12,000 15,870 18,251 20,988 24,136

Design & Security

168,000 222,180 255,507 293,833 337,908
Other Indirect
Expenses 110,600 145,406 167,217 192,299 221,144

Depreciation Expense
2,300 2,850 3,600 4,500 5,650

Amortization Expense
1,400 1,450 1,530 1,630 1,750

Interest Expense
1,000,000 2,000,000 2,000,000 1,500,000 1,000,000

(51,653,250) (57,398,697) (62,000,901) (66,084,049) (70,176,086)

Surplus/(Deficit)
52,856,191 56,364,183 61,015,419 66,185,711 71,347,114

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BUSINESS PLAN
 9.2. FIVE-YEARS PROJECTED STATEMENT OF FINANCIAL POSITION

2023 2024 2025 2026 2027

Non-current assets

Fixed Assets
20,700 23,350 27,250 31,750 37,600
Intangibles
12,600 11,650 10,920 10,290 9,740
Long-term housing
receivable 44,577,000 85,623,480 124,979,760 162,205,200 193,568,400

44,610,300 85,658,480 125,017,930 162,247,240 193,615,740

Current assets

Cash and Bank

60,972,966 71,469,053 75,352,510 86,094,157 104,127,335
Short-term housing
receivable 2,493,720 7,709,040 13,365,000 19,461,600 29,289,600

63,466,686 79,178,093 88,717,510 105,555,757 133,416,935

Total Assets
108,076,986 164,836,573 213,735,440 267,802,997 327,032,675

General Fund
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Accumulated
Surplus/(Deficit) 52,856,191 109,220,373 170,235,792 236,421,504 307,768,618

53,856,191 110,220,373 171,235,792 237,421,504 308,768,618

Non-Current Liabilities

Long-term Loans
50,000,000 50,000,000 37,500,000 25,000,000 12,500,000

50,000,000 50,000,000 37,500,000 25,000,000 12,500,000

Current Liabilities

Accounts Payable
4,204,557 4,588,161 4,965,779 5,344,846 5,725,577
Other Short Term
Payables 16,239 28,039 33,868 36,648 38,480

4,220,796 4,616,200 4,999,648 5,381,493 5,764,057

Total liabilities
108,076,986 164,836,573 213,735,440 267,802,997 327,032,675

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BUSINESS PLAN
 9.3. FIVE-YEARS PROJECTED CASH FLOW

2023 2024 2025 2026 2027

Cash received
from customers 57,438,720 67,501,080 78,004,080 88,947,720 100,332,000
Cash paid for
expenses (46,250,123) (54,674,327) (59,211,733) (63,759,082) (68,326,196)
Cash paid to
employees (178,630) (324,667) (400,590) (436,991) (459,926)

11,009,966 12,502,087 18,391,757 24,751,647 31,545,878

Interest Paid
1,000,000 2,000,000 2,000,000 1,500,000 1,000,000

(1,000,000) (2,000,000) (2,000,000) (1,500,000) (1,000,000)

Net Cash Flow

From Operating
10,009,966 10,502,087 16,391,757 23,251,647 30,545,878
Activities

Purchase of
assets (37,000) (6,000) (8,300) (10,000) (12,700)
Net Cashflow
from Investing
9,972,966 10,496,087 16,383,457 23,241,647 30,533,178
Activities

Increase in
General Fund 1,000,000
Issuance of
Long-term Loan 50,000,000
Loan
Repayment - - (12,500,000) (12,500,000) (12,500,000)
Net Cashflow
from Financing
60,972,966 10,496,087 3,883,457 10,741,647 18,033,178
Activities

Cash at
Beginning of Year - 60,972,966 71,469,053 75,352,510 86,094,157

Cash at End of
Year 60,972,966 71,469,053 75,352,510 86,094,157 104,127,335

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BUSINESS PLAN
 9.4. VISUALIZATIONS

Sales Trend

160,000,000

140,000,000

120,000,000

100,000,000

80,000,000

60,000,000

40,000,000

20,000,000

-
2023 2024 2025 2026 2027

Surplus Margin
50.58%

50.41%
50.04%
49.60%
49.55%

2023 2024 2025 2026 2027

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BUSINESS PLAN
 Expenses Over Income Ratio

50.45%
50.40%

49.96%

49.59%

49.42%

2023 2024 2025 2026 2027

Construction Cost Over Income

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BUSINESS PLAN
10. ASSUMPTIONS & LIMITING CONDITIONS

This report is subject to the following assumptions and limiting conditions:

I. Information, estimates, and opinions contained in this report are obtained from sources
considered to be reliable. However, we assume no liability for such sources;

II. ONE STEP TO THE FUTURE and its representatives warranted to us that the information
they have provided is complete and accurate to the best of their knowledge and that
the financial statements’ information reflects the company's results of operations and
financial condition in accordance with generally accepted accounting principles
unless otherwise stated. Information provided by the management has been accepted
as correct without further verification, and we express no opinion on that information;

III. We have not conducted a site review of the subject business premises, nor have we
audited or otherwise reviewed the business financial statements, which have been
provided by the business management;

IV. Possession of this report, or a copy thereof, does not carry with it the right of publication
of all or part of it, nor may it be used for any purpose by anyone without the previous
written consent of ONE STEP TO THE FUTURE and, in any event, only with proper
attribution;

V. We are not required to give testimony in court, or be in attendance during any hearings
or depositions, with reference to the company being analyzed;

VI. Various estimates of value presented in this report apply to this study only and may not
be used out of the context presented herein. This study is valid only for the purpose or
purposes specified herein;

VII. The study contemplates facts and conditions existing as of the reporting date. Events
and conditions occurring after that date have not been considered, and we have no
obligation to update our report for such events and conditions;

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BUSINESS PLAN
VIII. Information and calculations are based upon the marketing data and other information
as provided to us by the management of ONE STEP TO THE FUTURE;

IX. To the best of our knowledge, the projections drawn, and facts narrated herein are true
and correct;

X. The Projected Financial Statements for the next five years have been prepared in
consultation by ONE STEP TO THE FUTURE. Same projected financial statements have
been used for appraising the venture. Detailed underlying assumptions used in the
preparation of the projected financial statements have not been validated and
analyzed by us in detail since the said scope has not been assigned to us;

XI. We have conducted the appraisal based on non-advocacy and have no present or
contemplated interest in the business appraised;

XII. Our compensation is not contingent on any action or event resulting from the analysis,
opinions, or conclusions in, or the use of, this Report;

XIII. The appraiser's analysis, opinions, and conclusions, as well as the development of this
report, have been in reasonable accordance and conformity with the generally
accepted management consultancy standards.

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BUSINESS PLAN
 About ONE STEP TO THE FUTURE
ONE STEP TO THE FUTURE is a non-profit housing and construction cooperative
organization. The company is operational since 2019 and is headquartered in
Bishkek, Kyrgyzstan. “One step to the future” is planning to construct a
residential complex and selling 192 units of apartments per month in Bishkek,
Kyrgyz Republic. The housing project by the company will provide housing for
about 250,000 families.

ONE STEP TO THE FUTURE

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BUSINESS PLAN
 Date: 29th November 2022

ONE STEP TO THE FUTURE

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BUSINESS PLAN