Colins

Car
Detaili
ng
Group B3
H16063Akaankshaa Girish Paranjpe
H16073Bhavuk Bajaj
H16083Krishna Chaitanya Koduru

H16093Pranav Pal Singh

H16103Sayed Adil Hussain
H16113Subhanshi Agrawal

Agenda
1. Situational Analysis
2. Problem
3. Options
4. Criteria for Evaluation
5. Evaluation of Options
6. Recommendation
7. Action Plan
8. Contingency Plan

Situational Analysis
External Economic trend ( Economic Improving- demand likely to strengthen)
Weather condition ( High in summers, Low in winter )
Environmental Awareness ( Environment friendly product,
water use, storm drainage )
Colin Believed in attention to detail, solid work ethics, appreciate benefit
of being own boss
80$-120$, 3-5 hours to complete
Run out of home, family connection thus discounted price
Friends as part timers

Problem
Choice -Business, college, Internship
Several hours to detail ( also inconvenient for the customers)
Timeslot filled during Surge ( Chance of Losing customer )
How to promote/attract more customer
Employer-Employee relationship (w.r.t to friends)

Options
1.

Expanding the services provided

2.

Purchasing a truck and become a mobile auto detailer

3.

Establishing a partnership with local golf course

4.

Franchising the business

5.

Selling the business and pursuing internship

Criteria for Evaluation

Entrepreneurship and working on his own

Funding for the college

Time required for the option
Exposure to New Experiences

Evaluation of options

Options

Criteria

Mobile
Golf
Busine
Service
Selling
Auto Course
ss
Expans
Busine
Detail Partners Franchi
ion
ss
er
hip
se

Entrepreneurship and
working on his own

Funding for the college

Time required for the

option

Exposure to New
Experiences

Total Score

14

11

14

13

16

Recommendation
Based on the chosen criteria, the internship option is most viable
Internship will provide
a) Exposure to different kinds of work
b) Funds for further education
c) An opportunity to delay the career decision by a little more time
The second/back-up option is to choose franchising. It will provide
a)Some amount of funds
b) Ability to balance work and education
c)A different work experience
Essentially the internship is the safest option given that Colin is at
a career juncture wherein his education will take up certain amount
of resources in terms of time and money

Action Plan
Valuation of assets
Find a suitable buyer and negotiate price
Make decision between the above two based on
a)Income from sale or liquidation
b)Probability of restarting business in the future
Look for other internship options
Begin the process of financing education
i.e. funding, bank formalities

Contingency Plan
Find a manager/friend/family member to run the
business in his stead until he completes his education
Use the funds from the business to pay for his education
Keep an eye out for buyers/franchisees who could
potentially become future partners
Take an education loan to pay off the money after education