Title: BUSINESS PLAN ( Import, Export and Car Trading Company )
MASTER THESIS IN ENTREPRENEURIAL MANAGEMENT
Purpose: This business plan has been developed to obtain a start up capital for the operations of BEFCO Trading Limited- an import export and car trading company. It also serves as an operational outline and plan for the first five years. The founding entrepreneurs intend to raise a start up capital of CFA100, 000,000francs. The founding entrepreneurs are able and willing to contribute CFA50, 000,000francs, CFA30, 000,000francs shall be allotted to 30 preference share holders and CFA20, and 000,000francs shall be raised through an investment loan from the bank. Each of the entrepreneurs shall invest CFA10, 000,000francs but the CEO shall invest an additional CFA10, 000,000francs to make up for the amount to be raised by the entrepreneurial team. The business plan uses the following exchange: CFA 675francs =1Euro = 10SEK for clarity and simplicity of conversion.
Problem And Solution: In Cameroon, the existing car dealing companies are apparently doing great but are located mainly in the French speaking provinces of Douala, Yaoundé and Garoua. Evident from the fact that there are presently about 17 companies selling used and new cars in Cameroon with no one located in the two English speaking provinces of Cameroon indicates there is a problem. This problem is that all these companies are located in the originally French speaking provinces of Cameroon leaving those in the English speaking provinces underserved. BEFCO Trading Ltd is a result of the observation of trends, intuition and chance thanks to the favourable circumstances surrounding the entrepreneurs. This favourable circumstance has resulted to the availability of a network and exposure to a market aimed at solving this problem through the creation of BEFCO Trading Ltd in line with the reasoning of Barringer and Ireland (2006). BEFCO Trading Ltd is built on the founders’ recognition of this opportunity gap - - A gap between what is currently on the market and the possibility for a new or significantly improved product, service, or business that results from emerging trends (Timmons and Spinelli, 2003). BEFCO Trading ltd will be the only used car Company located in the South-West and North-West provinces of Cameroon thereby serving the niche market at their door steps
