ACH&N Pre-loved Co.

Molisin, Ashilla Velarry and Ludgerus, Assandra and Matjungkil, Helinah and Koumin, Norziela (2015) ACH&N Pre-loved Co. [Entrepreneurship Project] (Unpublished)

Abstract

We plan to do a business based on partnership that holds the position of General Manager, Marketing Manager, Operation Manager and Financial Manager. These are the shareholders that will run over this business. Partnership distributes all profits and losses to their shareholders without regard for any profits retained by the business for cash flow propose. By doing partnership the business is easy to establish and the start-up costs are also low. Other than that, more capital is available for the business. A primary advantage is that the partnership does not bear the tax burden of profits or the benefit of losses-profits or losses are "passed through" to partners to report on their individual income tax returns. Due to that, we plan to start a business by establishing an ACH&N Pre-loved Co. which will sell clothes that still wearable and have a good quality that we can offer to customer. Our company establishment will be located at Indah Permai because this place is situated in the housing, industrial and university area where there is high population of people. We decided to do this type of business because we want to utilize the things that we already had. There are also some factors that influence us to choose this type of business. Firstly, in our business location, there are many students and others that come to Indah Permai to buy their belongings and do their-daily activity. Secondly, we are targeting the student and the main resident near our business location by attracting them to come into our place because of the clothes affordable price. There is no gap between younger and older people because pre-loved clothes are affordable and people will realize that the clothes are just wearable as new. We believe that our business has the potential to success. This business plans will commence around early this year and will be the places that most people come due to its affordable and good quality clothes. Thus the customer does not need to worry because the items or clothes are all in a good condition.

Metadata

Item Type: Entrepreneurship Project
Creators:
Creators
Email / ID Num.
Molisin, Ashilla Velarry
2012628284
Ludgerus, Assandra
2012646168
Matjungkil, Helinah
2012488004
Koumin, Norziela
2012207834
Contributors:
Contribution
Name
Email / ID Num.
Advisor
Syed Annuar, Sharifah Nurafizah
shari339@uitm.edu.my
Subjects: H Social Sciences > HB Economic Theory. Demography > Entrepreneurship. Risk and uncertainty
Divisions: Universiti Teknologi MARA, Sabah > Kota Kinabalu Campus > Faculty of Business and Management
Keywords: Marketing, Operational, Financial, Entrepreneurship
Date: 2015
URI: https://ir.uitm.edu.my/id/eprint/122327
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