Business practice • Our business plan is to produce personalized silicone wrist bands for schools, for the students to wear and represent their school in a stylish new way. • We have the chance to make a profit • To expand nationally and the • Recession makes our cheap product attractive
Production • The product is a silicon wrist band that is aimed at promoting events or companies. The purpose of selling these wrist bands is to help schools promote themselves by having school colors and motto’s/school names printed on the bands • Colors depending on school uniform. • Bold school motto’s and initialed names eg: CBHS Altiora peto
To ensure quality standards of the product are attained we will be receiving a prototype for each school to show them exactly what they are like. • The initial target schools are: Christchurch Boys High School, Shirley Boys High School, St Andrews Collage and Rangi Ruru Collage.
Marketing • The target market is students of Christchurch high schools. The competition is any other companies, businesses or groups that are making and selling silicone wristbands to high school students . The needs of students to be representative of their schools is met.
We will be promoting the wristbands at the schools that we have made them for, by going to their assemblies etc and letting them know about our product using a power point presentation. This will ensure the target market does not get misinformed about what we are selling. Orders can be made via email.
Finance • Quantity 1000 • Price GST inclusive $1.19 each • Order cost $1190
Sales Price $3.00 Variable Unit Cost $1.30 Expected Unit Sales 1000 Total Revenue $3,000.00 Total Variable Costs $1,300.00 Profit $1,490.00 Break even at 82 units