Entrepreneurship and Small Business Management

Entrepreneurship and Small Business Management

Introduction

This business plan is about a contracting company, which started as a partnership in 2010 in Sohar city. The enterprise began their operations in 2011. The company is specialized in providing construction. This business plan is going to use the pro forma that is available in Paul burns' entrepreneurship manual. Books relating to small sized enterprises are used for research purpose. It will cover all the key characteristics for a business plan with a financial forecasting for three years period. The report will contain an analysis, evaluation, and findings about the company's financial performance. Furthermore, it will discuss pitfalls which the company might face in the future. The report also incorporates the required strategies and practices to productively face those barriers. It will also highlight the opportunity areas which can help the enterprise to remain productive, despite contingency factors.

Business Summery and Background

Business Concept

Construction & Kaizan Company established in 2010 in the Sultanate of Oman and it is located in Sohar city at the north of Al-Batinah region. The company's core operations include construction of private houses, small development projects, and maintenance of buildings (currently on hold). This company is owned by Mohsin Barakh and Mohammad Khalid (engineer) with 50% profit sharing.

Mohsin Barakh belongs to Sohar city and he is currently working as an employee in the Diwan of Royal Court. Additionally, he has a bachelor degree in administrative development. He has experience in business management from his own enterprise. Mohammad Khalid is also from Sohar city and he is a civil engineer who is manages his own contractor company in the United Arab Emirates since 11 years with wide range of experience in the construction field.

His experiences will help the enterprise in managing the new contractor business and contingencies. The idea for this business was initiated by engineer Mohammad Khalid, when he was planning to shift his business to his home country in the Sultanate of Oman. He discussed with Mohsin Barakh about this idea to locate in Sohar city due to the rapid growth of building and construction in that country.

The Construction & Kaizan Company will work as a private limited company. Limited Liability Company will be owned by just two partners. This business from is popular due to its similarities with the corporation owners and it has a limited personal liability for debts. The nature of this LLC is more like a partnership, providing management flexibility and the benefit of pass-through taxation.

Vision and Mission Statement:

The Construction & Kaizan Company's mission is to provide value added services in construction services to society and build a thriving partnership with them throughout distinctive construction process. It intends to provide customers with a quality construction services at fair prices which will ensure a long life for the enterprise with customer satisfaction. The company takes into account the quality level, timeliness and focuses to maintain elevated levels of honesty, integrity, professionalism and fairness in company relationships with suppliers, professional associates, customers and other ...