Technoprenurship

Subject Name Subject Code Lecturer
: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin
Bj TYRE SDN BHD Prepared by: Team Leader Team Member No.1 Team Member No.2 Team Member No.3 Team Member No.4 Team Member No.5 Muhamad Dhiya Urrahman Bin Mohamed Damiat Mohamad Syafiq Syazani bin Halim Muhammad Hafizuddin bin Md Nasir Muhammad Farez Azmiza bin Ahmad Zaki Syed Mohamad Azizul Nazri bin Syed Hisamuddin Student ID 50248210593 50249209331 50248210001 50248111365 50249209340 Program MTM WQI MTM MTM WQI
TABLE OF CONTENT 1.0 EXECUTIVE SUMMARY 2.0 BUSINESS DESCRIPTION.... 2.1 Company Background.... 2.2 Industry Background 2.3 Business Goals and Potential 2.4 Uniqueness of Product / Service / Technology.. 2.5 Long Term Goals.. 3.0 INDUSTRY ANALYSIS 3.1 Target Market 3.2 Market Size and Trends.. 3.3 Competition / Competitors Information.. 3.4 Estimated Market Share 3.5 Strength and Weaknesses or SWOT Analysis . 4.0 MARKETING PLAN.. 4.1 Market Strategy (Sales and Distribution) ... 4.2 Pricing... 4.3 Advertising and Promotions. 4.4 Technology and Product Development Strategies 4.5 Marketing Budget and Financial Strategies 5.0 OPERATIONS AND PRODUCTION PLAN.. 5.1 Identify Location. 5.2 Transformation Process.. 5.3 Process Planning 5.4 Material Requirement Planning 5.5 Production and Operation Layout 5.6 Production and Operation Budget. 6.0 ORGANIZATIONAL PLAN.. 6.1 Form of Ownership 6.2 Vision, Mission and Objectives 3 4 4 8 8 8 8 8 8 8 9 10 11 11 11 12 12 12 14 14 15 16 16 17 18 19 19 19 19
6.3 Management Team... 6.4 Organizational Chart.... 6.5 Human Resource Plan.. 7.0 FINANCIAL PLAN. 7.1 Revenue Model.. 7.2 Income Statement / Profit and Loss Statement. 7.3 Balance Sheet 7.4 Cash Flow Statement 7.5 Break-Even Analysis.. 7.6 Financial Ratios...... 7.7 Costs Controls 7.8 Budgeting plans 8.0 MILESTONE SCHEDULE. 8.1 Timing and Objectives....
20 20 21 23 23 25 27 29 31 32 33 33 36 36
9.0 RISK ANALYSIS 9.1 Potential Problems.. 9.2 Obstacles and Risks... 10.0 CONCLUSION APPENDICES / REFERENCES / BIBLIOGRAPHY / RESUMES
37 37 37 38
1.0 EXECUTIVE SUMMARY Our company name is Bj Tyre SDN BHD. Bj means brilliant job. We took this name because we think that we had done the brilliant action that introduce to our nation the brand new type of tyre that need no air pressure to perform. We call it non-pneumatic tyre (NPT). NPT has been introduced to world in early 21st century and widely used in US.US army use this NPT for its hummer to battlefield. In Malaysia, there are a lot of tyre manufacturer that were established since decade ago. We are used to black, thick, and fill with air tyre. The scene that a girl that try to be helped by man by road side, someone that get sweat try to change their car tyre, accident cause by over pressure tyre and exploding tyre, that are not rare stories anymore. Because of that, Bj Tyre Sdn Bhd feel responsible to change the scariest thing that might happened when using normal pneumatic tyre. We are introducing this NPT to Malaysian people also Asia. We are targeting to manufacture and supply NPT for use as a spare tyre. NPT are
also suitable to use in extreme conditions like off road or in high speed. Nowadays, ATV productions are increasing, and this is also our opportunity to sell our product. Other than be as a spare tyre for common vehicle on the road, NPT also can be use as ATV tyre and in some place, they can use NPT on their tractor and also forklift in factory.
2.0 BUSINESS DESCRIPTION 2.1 Company Background Name of the company Address : Bj Tyre Sdn. Bhd. : No 8,Jalan Industri Putra 1, Presint 14, 62050 Putrajaya, Federal Territory of Putrajaya : Private Limited Company, Local Based Company : Manufacturing Non-pneumatic tyre. : This Company was registered on 13 January 2011. : Company number is 236132-A.
Form of business Main activity (s) Date and number of registration
Initial (own) capital/ Equity contribution: Name of shareholders Mohamad Dhiya Urrahman Muhammad Hafizuddin Muhammad Farez Azmiza Mohamad Syafiq Syazani Syed Mohamad Azizul Nazri Total Equity contributions RM 20,000 RM 20,000 RM 20,000 RM 20,000 RM 20,000 RM 100,000
Name of bank
: Malayan Banking Berhad (Maybank) 44th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur.
Bank account number
: 14081204891058
SHAREHOLDER 1 Name Identity Card Number Permanent Adress Correspondence Address Telephone Number Date of Birth Age Marital Status Academic Qualification : Mohamad Dhiya Urrahman : 731220-06-5233 : No 279 Felda Jengka 21, 26400 Bandar Jengka, Pahang. : No 9, Jln 4/ 5 H, Seksyen 4, Bandar Baru Bangi, 43650, Selangor. : 013-6721889 : 20 Dec 1973 : 36 years old : Married :Masters of Business Administration, 2001. Bachelor of Business Administration, 1999 Dip. In Business Studies, 1996 : AutoCAD, Solid Work, Microsoft Office Word, Excel and Power Point. : HR Manager, Dunlop Company Sdn Bhd,Shah Alam, Selangor. Assistant HR Manager, Continental Sdn Bhd, Shah Alam, Selangor. : Chairman Of Bj Tyre Sdn Bhd
Skills
Experience 2005-2009 2000-2005
Current Job/Position SHAREHOLDERS 2 Name Identity card number Permanent address Correspondence address Telephone number Date of birth Age Marital status
: Muhammad Hafizuddin b Md Nasir : 750324 06 3455 : No 5, Jalan Hang Tuah, Bukit Jambul, 77000 Melaka. : No. 5-10 D, Condominium Jaya, 68000, Ampang, Selangor Darul Ehsan. : 019 2041885. : 24 March 1975 : 34 years old : Married
Academic qualification Skills
: Bachelor of Business Management Finance. Diploma In Business Studies.-Account : Software Packages: Microsoft Office 2007, (Word, Excel, Power Point, Outlook) Basic computer technical skills
Experiences: 2006 - 2009 2000 2006 Assistant Finance Manager, Ambank Berhad, Kuala Lumpur. Financial Assistant, Azli & co., Melaka. : Finance Manager, Bj Tyre Sdn Bhd.
Current job/position SHAREHOLDER 3 Name Identity card number Permanent address Correspondence address Telephone number Date of birth Age Marital status Academic qualification
: Muhammad Farez Azmiza b Ahmad Zaki : 770706-08-6843 : No.39 Jln Melati, Kg Melayu, 32040 Seri Manjung Perak Darul Ridzuan : No 3-4-12, Villa Ampang Jaya, 68000, Ampang, KL. : 0195768224 : 6 July 1977 : 32 years old : Married : Bachelor of Mechanical Engineering Technology (Manufacturing) Diploma In Mecahnical Engineering.
Skills : Software Packages: Microsoft Office 2007, (Word, Excel, Power Point, Outlook) TEKLA software, Solid Work, AutoCAD Basic computer technical skills Experiences: 2007 - 2008 2004 - 2007 2002 - 2003 R&D Technician, Securicor, Selangor. R&D Technician, Spritzer Malaysia, Selangor. Trainee R&D Officer, Yamaha Malaysia. : R&D Manager, Bj Tyre Sdn Bhd.
Current job/position SHAREHOLDER 4 Name Identity card number
: Mohammad Syafiq Syazani b Halim : 751608-11-5023
Permanent address Correspondence address Telephone number Date of birth Age Marital status Academic qualification Skills Experiences: 2005 - 2010 2003 - 2005 2000 2003
: No 3, Taman Ria, Sg Petani, 08000, Kedah. : No 4, Jln 4/2, Setapak Jaya, 53300, Kuala Lumpur. : 0132042307 : 16 August 1975 : 34 years old : Married : Bachelor of Mechanical Engineering, ( Biochemical) Diploma In Mecahnical Engineering.
: Software Packages: Microsoft Office 2007, (Word, Excel,Power Point, Outlook), Basic computer technical skills
Mechanical Engineer, Sony Malaysia, Bangi. Coordinator (Operation Department), Shell Malaysia, Port Dickson, N.S. Assistant Engineer (Operation/Logistic), Kilat Bakti Steel work, Selangor. : Bj Tyre Sdn Bhd, Operation Manager.
Current job/position SHAREHOLDER 5 Name IC No Permanent Address
Correspondence address Contact No Date of birth Age Marital Status Academic Qualification Skills
: Syed Mohamad Azizul Nazri Bin Syed Hisamuddin. : 750801-05-5211 : No 2, Jalan 4 / 9 D, Seksyen 4, 43650 Bandar Baru Bangi, Selangor. : No 2-10-A, Seri Maya Condominium, Jalan Jelatik, 54200 Datuk Keramat, Kuala Lumpur. : Mobile: 017 2497778 House: 03 89223726 : 1st August 1975 : 34 years old : Married : Bachelor In Business Studies- Marketing. Diploma In Business Administration.
: Operations Management Training & Development Employee Relations Compensation/Benefits Design Policy Design & Administration : Assistant Marketing Manager, Sime Fresh, Cameroon Highland. : Asistant Marketing Manager, Petronas Dagangan Berhad, KL.
Experience 2007-2010 2003-2007
2000-203
: Marketing Officer, Sepang International Circuit, Selangor.
Current Job Bj Tyre Sdn. Bhd. Marketing Manager
2.2 Industry Background Tyre industry had been so famous since 1880s after John Boyd Dunlop first create a pneumatic tyre works by air. Decades after, tyre industry comes with a lot of tyre manufacturer that compete each other. And now, starting by early 21st century, US comes with non-pneumatic tyre and it become famous nowadays. 2.3 Business Goals and Potential We want to be the number one non-pneumatic tyre manufacturer in Malaysia and Asia. We have great potential to be the number one because there is no other company that manufactured this type of tyre in Malaysia. This is a good chance for us to grab and this kind of tyre are still new in this vehicle industry. 2.4 Uniqueness of Product / Service / Technology This tire can be a direct replacement for the standard tires currently used in extreme situations. Amazingly, the tire could still perform its normal function at highway speeds of 75 MPH. Its a tire solution to prevent standard tire failures caused by punctures, ballistics, or road conditions. Other than that, it is bulletproof. 2.5 Long Term Goals The increasing of vehicles business in the world, we hope that this is the good opportunity to us to expand our business to other countries. We are trying to set up a business site in Indonesia in future. We are trying to be the number one non-pneumatic tyres manufacturer in Asia. 3.0 INDUSTRY ANALYSIS 3.1 Target market We from BJ tires sdn bhd target the company that involved in manufacturing and supply tires. Furthermore, we will keep focus on the company that have a good track record, well established and company that involved in a big project. 1. Continental Sime Tyre Sdn Bhd (CST) 2. Michelin Malaysia Sdn Bhd 3. Dunlop Sdn Bhd 4. Goodyear Sdn Bhd 5. Proton Holdings Bhd 6. Perusahaan Otomobil Kedua Sdn Bhd (PERODUA)
3.2 Market size With reference from PROTON and PERODUA the total of car production company growth rate are around 8000 car per month or 70% growth rate. In Selangor and Malaysia these business in a good market range to offer a non-pneumatic tyre supplier and services. It is because we have two national car manufactured company in Selangor and we are the only company that produce non-pneumatic tyre. Normally the manufacturing tyre field spend RM6000 per month to utilize the production and management. Population = 150 companies Target market = 70% x 150 companies = 105 companies Market size 3.3 Competition Competitors Continental Sime Tyre Sdn Bhd (CST) Michelin Malaysia Sdn Bhd Dunlop Sdn Bhd has extensive manufacturing operations throughout the world . Goodyear Sdn Bhd manufactures tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, and heavy earthmover machinery. . price is cheap but the quality of the tyre is not so good. Shorter life of products. Strength High technology equipment used. Specialist in spare tyre for car. Weakness Price is high = 105 companies x RM 72000/year = RM 7,560,000.00/ year
It is one of the two largest tyre manufacturers in the world along with Bridgestone.
Price is high
3.4 Market Share Competitors Market Share Services
Continental Sime Tyre Sdn 35% Bhd (CST) Michelin Malaysia Sdn Bhd Dunlop Sdn Bhd Goodyear Sdn Bhd Total 25% 20% 20% 100%
RM 2,646,000
RM 1,890,000 RM 1,512,000 RM 1,512,000 RM 7,560,000
Market share before entry of BJ tyre Sdn. Bhd.
Competitors
Market Share
Services RM 2,192,400
Continental Sime Tyre Sdn 29% Bhd (CST) Michelin Malaysia Sdn Bhd Dunlop Sdn Bhd Goodyear Sdn Bhd 19% 11% 9%
RM 1,436,400 RM 831,600 RM 680,400
BJ Tyres Sdn. Bhd. Total
32% 100%
RM 2,419,200 RM 7,560,000
Adjusted market share after entry of BJ Tyre Sdn. Bhd.
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3.5 Strength and Weaknesses or SWOT Analysis Strength BJ Tyre Sdn Bhd is a manufacturer of non-pneumatic tyre. This product is a new revolution of tyre that has been use on the vehicles nowadays. It principally a tyre that does not supported by air pressure. Usually this tyre is used on some small vehicles as a main tyre but we design this non pneumatic tyre especially for spare usage where puncture tyre likely. The main point we choose to produce this tyre for spare usage is this tyre cannot go flat but they are far less common than airfilled tyre. So, from this function we identify that the non pneumatic tyre is very convenience for spare tyre usage. If we use the pneumatic tyre as a spare, the probability for the spare tyre become puncture is higher because for sure we will never check the air pressure in the spare tyre except the main tyre is flat. Unluckily, if the spare tyre also flat it will become worst. So with the non pneumatic tyre there is no worry about the probability of spare tyre flat and this tyre have a long lasting rather than air pressure tyre. This comprehensive SWOT profile of BJ Tyre provides you with a good business plan and analysis of the company's operations. The profile that we create will give the consumer a clear and strong view of the company strengths and weakness. This profile will help customer to formulate the strategies that have been use by us for our improvement time to time and become successful. Last but not least we have make sure that our company location situated nearest the main road and industrial are so that our customer can easily find our company by not giving any on them. Weakness BJ Tyre weaknesses are a lack of staff because we are new in this sector, so that our permanent staff might have to 2 times harder than usual to ensure there is no problem occur either production or management. So for the starting this is the biggest weakness of our company, eventhough we will make sure that our company weakness problem will be solve time to time to make sure our company will be one of the best among the best in this sector. Besides our product also have the own weakness like dissipating the heat buildup that occurs when they are driven. The other problem is airless tyres generally have higher rolling friction and it provide much less suspension than similarly shaped and sized pneumatic tyres. Although our product have their weakness, we are sure that the weakness are not affected the function of non pneumatic tyre because we produce this non pneumatic tyre just only for spare tyre usage. Besides, we will conduct a research and development continuously to make sure the weakness of this non pneumatic tyres will be solve. 4.0 MARKETING PLAN 4.1 Marketing strategy In marketing strategy we are concentrating on the quality, design, service, function and how it attract the consumer. We will make sure that our product quality and service is always in a good condition. For the quality control we also conduct a survey of 100 customers to make sure our
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product quality have an improvement time to time. Besides that, we will host a special seminar to our customer about this product. So they will more understand about the advantage and the uniqueness of the product. From the design aspect, we will explain more in the details of the product and the function that will attracted consumer to choose us to be their vendor. Last but not least, we are expecting the best reception from our customer for our first product. Distribution Strategy The distribution strategy that we will choose is direct to consumer. It has no the intermediary level and consists of a business service directly to customers. We are also receiving the order direct from customers by phone, fax, and e-mail. So that, the customers can directly discuss with us about working time, price per service, method used and equipment used. 4.2 Price strategy We try to be a lowest price company with non-pneumatic tyre product. Normally others company take 50% of profit margin but our company decide to get only 40% of profit margin for our 1st try in this field. 4.3 Promotion strategy The types of promotion strategies that we have choose to introduce our company are via advertising and sales promotion. We will make sure this strategy will convince our customer more about our 1st product. I . Advertisement : using newspaper, magazine and internet to make sure our product will be well known product. II Sales Promotion : we will give special offer price at the launching ceremony to attract customer so they can compare our with others. 4.4 Technology and Product Development Strategies For product development strategy, we will guarantee to our customer that they will enjoy our product because it was safe, economic and long lasting. Now onwards we will make sure that our product quality always good because this strategy will help us to become a strongest company in this tyre industry field. Below are the strategies that we will do to make sure all the strategy will fulfill this objective : Our product name is non-pneumatic tyre. Function as spare tyre for conventional car. Approve by SIRIM Get certification ISO 9001 of product quality This product is long lasting, economical and practical. Easy to assemble.
List of marketing personnel Schedule of tasks and responsibilities Position Marketing officer
Tasks and Responsibilities Assists customers in locating merchandise and answering a variety
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of questions concerning general merchandise; demonstrates use of merchandise upon request.
Stocks shelves, counters or tables with merchandise; keeps merchandise orderly and neat in appearance. Counts and balances cash register and receipts. Stamps or attaches price tags on merchandise and/or checks tagged prices to verify accuracy referring to price list. Fills out specific forms to process transactions or special orders such as refunds, jewelry, graduation gowns or requisitions for university departments, among others. Checks inventory listing with actual inventory on shelf and reports discrepancies to supervisor. Trains new sales staff in basic operations and procedures. Cleans shelves, counters or tables SOCSO (RM) 59.50 59.50 119.00 Total Amount (RM) 3020.50 3020.50 6041.00
Schedule of Remuneration Position Marketing Officer Sales Manager Total No 1 2 3 Monthly salary (RM) 3500 3500 7000 EPF Contribution (RM) 420 420 840
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4.5 Marketing Budget Fixed Assets Expenses (RM) Monthly Expenses (RM) Other Expenses (RM)
Marketing Expense Budget
Advertising Tv, radio and newspaper Graphics & Printing Catalogs Entertainment allowance Marketing Personnel Salary EPF & SOCSO Accommodation Travel Expenses Sales Promotions Promotion Brochures/flyers/posters/business card Special Events Seminars & Exhibition Total Marketing Budget
2500 4000 3000 400
7000 840 1000 5000 10000 5000
2000 4000 33340 3400
5.0 OPERATIONS AND PRODUCTION PLAN 5.1 IDENTIFY LOCATION Business address: No 8,Jalan Industri Putra 1, Presint 14, 62050 Putrajaya, Federal Territory of Putrajaya
Location of the business
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The location of our company is at Jalan Industri Putra that located in between of Putrajaya and Bandar Baru Bangi. Type of building is industry lot, size 40' x 100' and rental price is RM10,000 per month and this building is completed with water, electricity and telephone.
5.2 TRANSFORMATION PROCESS. For the tyre manufacturing process, it will pass through 5 processes before the tyre can be supply to the customer. The process we do for our non-pneumatic tyre production is: 1. Compounding and mixing Compounding is the operation of bringing together all the ingredients required to mix a batch of rubber compound. Each component has a different mix of ingredients according to the properties required for that component. Component preparation Components fall into three classes based on manufacturing process: Calendering, extrusion, and bead building.
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Tire building Tire building is the process of assembling all the components onto a tire building drum. Tirebuilding machines can be manually operated or fully automatic. Curing Curing is the process of applying pressure to the green tire in a mold in order to give it its final shape, and applying heat energy to stimulate the chemical reaction between the rubber and other materials. 2. Final finish After the tire has been cured, there are several additional operations. Tire uniformity measurement is a test where the tire is automatically mounted on wheel halves, inflated, run against a simulated road surface, and measured for force variation. Tire balance measurement is a test where the tire is automatically placed on wheel halves, rotated at a high speed and measured for imbalance 5.3 PROCESS PLANNING
Sales assistant get request from client Sales assistant submit quotation to client Client choose product they want Sales assistant present product needed to RND engineer RND engineer check the availability of raw material and machine capability Confirm with client on quantity and product choosen RND engineer make arrangement with RND manager RND manager confirm date to start production and delivery Operator start the production under monitoring by engineer
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Engineer ensure quality of the product maintain Operator packing the finished product Operation Manager approve product delivery
Delivery process by our own workers Product delivered to client Client made product inspection Sales assistant will receive any report from client Client makes payment
5.4 MATERIAL REQUIREMENT PLANNING. Material Natural Rubber Styrene-butadiene copolymer (SBR) Polybutadiene Halobutyl rubber Carbon Black Vulcanizing Accelerators Silica Total Cost/ kg (RM) 16 32 45 25 25 35 12 190 Quantity required(ton) 12.50 6.25 2.22 2.00 2.00 1.43 12.5 38.9 Total (RM) 200,000 200,000 100,000 50,000 50,000 50,000 150,000 800,000
Machine and Equipment
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Machine Types Goninan Twin Milling Calendering machine
Price Per Unit(RM) 10,000
Quantity 2
Total Cost (RM)
20,000 5,000 20,000
5,000
Extruding ( Farrel Troester ) Curing and Vulcanizing TOTAL
20,000 5,000
1 1 5,000 50,000
5.5 PRODUCTION AND OPERATION LAYOUT
FRONT DOOR
TOILET
RND LAB
STORE
MANAGEMENT OFFICE
WORKING AREA
5.6 PRODUCTION AND OPERATION BUDGET.
BACK DOOR
5.6 PRODUCTION AND OPERATION BUDGET Fixed assets expenses (RM) Machinery & Equipment trucks 50,000 50,000 Monthly expenses (RM) Other expenses (RM)
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Raw material Salaries (EPF & SOCSO) Marketing Road tax Insurance Total 100,000 Capacity planning (output in units/ operation time)
800,000 42,700 33,500 200 400 876,200 600
Brilliant Job Tyre Sdn Bhd provides a good service and product among competitors. Our company was operating 24 hour a day and 30 days per month from Sunday to Saturday. In the production team, we have 13 workers that occupied in this department. These 13 workers were divided into 3 teams or shift with 4 persons for each of the shift. It means 1 shift equals to 8 working hours. In one day, we can produce up to 140 tyres per day. Our production is depends on customer request. From the 140 tyres in one day, we can get more than 4000 tyres in a month. 6.0 ORGANIZATIONAL PLAN 6.1 Form of Ownership - Sendirian Berhad 6.2 Vision, Mission and Objectives. Vision To be the biggest company in Non-Pneumatic Tire service provider in Malaysia and Asian region. Mission To Enhance Strength In Research And Development. To supply non pneumatics tyre with the best service. Objective To ensure every production not taken for long time and finished by follow the schedule plan. To ensure our product make client and customer satisfy. To ensure less of complaint from client. To increase profit. To survive in grow. 6.3 Management Team.
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General Manager- Mohamad Dhiya Urrahman Bin Mohamed Damiat Operation Manager- Mohamad Syafiq Syazani Bin Halim Finance Manager- Muhammad Hafizuddin Bin Md Nasir Marketing Manager- Syed Mohamad Azizul Nazri Bin Syed Hishamuddin RND Manager- Muhammad Farez Azmiza Bin Ahmad Zaki
6.4 Organizational Chart.
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6.5 Human Resource Plan. List of administration personnel Department Administrative Operation Finance Marketing Human Resource Research And Development Total
Position General Manager Secretary Manager Clerk Manager Clerk Manager Sales Manager Sales Assistant Manager Manager
No. of personal 1 1 1 1 1 1 1 1 1 1 1 11
Job Description/Schedule of task and responsibilities Position General Manager Secretary Task and Responsibility Responsible for enforcing the policies and governance set forth by The Board in the operation of the business. Authorized to implement policies to maximize revenues and minimize operational costs (Profit & Loss responsibility) Manage daily operations of the company and coordinates departments (HR, Finance, Operation, Marketing) Advise on financial management issues Make recommendation on the financial and strategic direction of the company To keep careful, orderly records of the organization's work. This will include writing the minutes To keep a diary of future activities of the organization, and a record of previous activities To prepare a report of the organization's activities for the year, for the Annual General Meeting
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HR Manager
Workforce planning and Recruitment Induction and Orientation Skills management, Training and development Personnel administration and cost planning Compensation in wage or salary Time management Employee benefits administration To act as administrative assistant to the human resources manager by administering the employee benefit package, screening prospective production employee applications, maintaining records, and preparing various reports as directed. Routes incoming telephone calls to the proper person/department; assists applicants, distributes incoming mail, assists internal and external customers by providing general Ensure the companys Project Accounting Process is attentively applied. Assist and advise project managers with regard to financial issues on their contracts. Provide monthly Project and Management Financial Reports showing current status versus plan and previous forecasts Manage Sales & Marketing, Manage Customer Service, Operational & Cash Management as well as Trade Finance Operation Keeping accurate financial records Helping prepare and audit accounts Balancing and monitoring profit and loss, income and expenditure sheets Banking takings and balancing petty cash. A Marketing Manager will be responsible for everything from planning strategies to promoting a product or service to as wide an audience as possible by means of events, websites and advertising. Analyzing and researching market trends. Identifying target markets. Organizing marketing campaigns. Managing budget. Producing or commissioning promotional material. Managing the productivity of campaigns. Delegating tasks to marketing executives. Communicating information with colleagues and market actors. Doing research and fundamental research, technology development advanced development
Clerk Finance Manager
Account Clerk
Marketing Manager
R&D Manager
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concept development new product development process development prototyping
7.0 FINANCIAL PLAN 7.1 Revenue Model
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7.2 Income Statement / Profit and Loss Statement
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26
7.3 Balance Sheet
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7.4 Cash Flow Statement
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7.5 Break-Even Analysis
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7.6 Financial Ratios
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7.7 Costs Controls
7.8 Budgeting plans Administrative Budget and Costs (MYR 000) POSITION / ROLE 2012 General /Administration/ Management/ Division CEO / Chairman / Managing Director 1 Finance Manager 1 Accountant Clerks 1 Administrative Clerks / Personnel 1 Research and Development / Technical Division 2013 1 1 1 1 NUMBER OF STAFF 2014 2015 1 1 1 1 1 1 1 1 2016 1 1 1 1
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R & D Manager 1 Marketing / Sales / Business Department Marketing manager 1 Operation / Production / Manufacturing Division Operations Manager 1 Operators 9 Others 4 TOTAL NUMBER OF WORKER 20 Total of Acknowledge Workers 1 Total Foreign Knowledge Workers 0 % of Knowledge Workers 5.0%
1 1 1 9 4 20 1 0 5.0%
1 1 1 9 4 20 1 0 5.0%
1 1 1 9 4 20 1 0 5.0%
1 1 1 9 4 20 1 0 5.0%
POSITION / ROLE 2012 General /Administration/ Management/ Division CEO / Chairman / Managing Director 6.00 Finance Manager 3.50 Accountant Clerks 1.20 Administrative Clerks / Personnel 1.00 Research and Development / Technical Division R & D Manager 3.50 Marketing / Sales / Business Department Marketing manager 3.50 Operation / Production / Manufacturing Division Operations Manager 3.50 Operators 0.90 Others 1.00 TOTAL OF MONTHLY SALARY 24.10
MONTHLY SALARY 2013 2014 2015 6.00 3.50 1.20 1.00 3.50 3.50 3.50 0.90 1.00 24.10 6.00 3.50 1.20 1.00 3.50 3.50 3.50 0.90 1.00 24.10 6.00 3.50 1.20 1.00 3.50 3.50 3.50 0.90 1.00 24.10
2016 6.00 3.50 1.20 1.00 3.50 3.50 3.50 0.90 1.00 24.10
POSITION / ROLE 2012 General /Administration/ Management/ Division CEO / Chairman / Managing Director 0.72 Finance Manager 0.42 Accountant Clerks 0.14 Administrative Clerks / Personnel 0.12 Research and Development / Technical Division R & D Manager 0.42 Marketing / Sales / Business Department Marketing manager 0.42 Operation / Production / Manufacturing Division Operations Manager 0.42 Operators 0.97 Others 0.48
EPF CONTRIBUTION 2013 2014 2015 0.72 0.42 0.14 0.12 0.42 0.42 0.42 0.97 0.48 0.72 0.42 0.14 0.12 0.42 0.42 0.42 0.97 0.48 0.72 0.42 0.14 0.12 0.42 0.42 0.42 0.97 0.48
2016 0.72 0.42 0.14 0.12 0.42 0.42 0.42 0.97 0.48
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TOTAL OF EPF CONTRIBUTION
4.12
4.12
4.12 SOCSO 2014 0.11 0.06 0.02 0.02 0.06 0.06 0.06 0.97 0.14 0.07
4.12
4.12
POSITION / ROLE 2012 General /Administration/ Management/ Division CEO / Chairman / Managing Director 0.11 Finance Manager 0.06 Accountant Clerks 0.02 Administrative Clerks / Personnel 0.02 Research and Development / Technical Division R & D Manager 0.06 Marketing / Sales / Business Department Marketing manager 0.06 Operation / Production / Manufacturing Division Operations Manager 0.06 Operators 0.97 Others 0.14 TOTAL OF SOCSO 0.07
2013 0.11 0.06 0.02 0.02 0.06 0.06 0.06 0.97 0.14 0.07
2015 0.11 0.06 0.02 0.02 0.06 0.06 0.06 0.97 0.14 0.07
2016 0.11 0.06 0.02 0.02 0.06 0.06 0.06 0.97 0.14 0.07
AMOUNT (SALARY + EPF + SOCSO) POSITION / ROLE 2012 2013 2014 2015 2016 General /Administration/ Management/ Division CEO / Chairman / Managing Director 6.83 6.83 6.83 6.83 6.83 Finance Manager 3.98 3.98 3.98 3.98 3.98 Accountant Clerks 1.37 1.37 1.37 1.37 1.37 Administrative Clerks / Personnel 1.14 1.14 1.14 1.14 1.14 Research and Development / Technical Division R & D Manager 3.98 3.98 3.98 3.98 3.98 Marketing / Sales / Business Department Marketing manager 3.98 3.98 3.98 3.98 3.98 Operation / Production / Manufacturing Division Operations Manager 3.98 3.98 3.98 3.98 3.98 Operators 2.01 2.01 2.01 2.01 2.01 Others 1.55 1.55 1.55 1.55 1.55 TOTAL OF AMOUNT 28.82 28.82 28.82 28.82 28.82 (SALARY + EPF + SOCSO) *AVERAGE SALARY PER WORKER 1.44 1.44 1.44 1.44 1.44
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8.0 MILESTONE SCHEDULE
8.1 Timing and objectives Jan Feb
March
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Business Plan negotiate/ sign store front lease Builds display and set up store interior Secure business name & legal Obtain financial backing Print business flyers and advertisement Store grand opening Flyers distribution
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9.0 RISK ANALYSIS 9.1 Potential Problem Risk of Defects and Development Delays BJ Tyre Corporation Sdn Bhd may not experience to conduct development triggered by factors such as insufficient staffing or the unavailability of development related components, materials or technologies. Further, when developing new products, the Company's development schedules may be changed as a result of the discovery of performance problems, or changes to the product specification in response to customer requirements, market developments, or company initiated changes. Changes in product specifications may delay completion of documentation, packaging, or testing, which may, in turn, affect the release schedule of the product. When developing complex display devices, the technology market may shift during the development cycle, requiring the company either to enhance or change a product's specifications to meet a customer's changing needs. These factors may cause a product to enter the market behind schedule, which may adversely affect market acceptance of the product or place it at a disadvantage to competitor's product that has already gained market share or market acceptance during the delay. Management of Growth BJ Tyre Corporation Sdn Bhd growth in the number of its employees and the scope of its operations, resulting in increased responsibilities for management and added pressure on the company's operating and financial systems. To manage growth effectively, BJ Tyre Corporation Sdn Bhd will need to continue to improve its operational, financial and management information systems and will need to hire, train, motivate, and manage a growing number of employees. There can be no assurance that BJ Tyre Corporation Sdn Bhd will be able to achieve or manage any future growth, and its failure to do so could delay product development cycles and marketing efforts or otherwise have a material adverse effect on BJ Tyre Corporation Sdn Bhd business, financial condition, and results of operations.
9.2 Obstacle and Risks Risk of Errors or Failures; Product Liability Risks A malfunction or the defect design of products produced using BJ Tire Corporation Sdn Bhd tyre technology could result in tort or warranty claims. While the company will attempt to reduce the risk of such losses through warranty disclaimers and liability limitation clauses in its license agreements, and by maintaining product liability insurance, there can be no assurance that such measures will be effective in limiting BJ Tyre Corporation Sdn Bhd liability for any such damages.
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10.0 CONCLUSION Business location that strategic and completed with system and modern technology can become economy development mover. BJ Tyre Corporation Sdn Bhd was developing a basic business strong in one inside industry. Good planning without action that correct not should be rewarding that encouraging. So company desire in developing tyre sector must be strong from productivity aspect, quality and modern technology services. This mean we should evaluate opportunity that there is a process to develop self economy by independent by set up own a business entity, manage company, carry out the business and develop transaction in sector that being plunged by professional. Opportunity must be in line with self ability. Besides that, the leader must focus on academic, skill, interest, financial resource, technology, equipment and human resource management system and it must be good. Bibliography [1] Edward Lumsdaine, Professor of Mechanical Engineering, Michigan Tech Special Professor of Business, University of Nottingham Management Consultant, Ford Motor Company In Technopreneurship. [2] Mellor, William. The risks of playing it safe: Singapore's long struggle to create an entrepreneurial environment Asiaweek May 4 2001, 27(17), 28-34. [3] Menknoff, Thomas, Kay, Lena, Loh, Benjamin. World's apart? Reflections on the relationship between small entrepreneurs and external change advocates in Singapore Journal of Asian Business 18(1) 2002, 37-65.
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APPENDIX. DATA FOR A CURRENCY CONVERSION SERVICE Alternative sources of information for the conversion capabili ty.
Base Alternative name name

Convert service Convert Exchange Change amount
Source
www.unspsc.org 8 4121605C urrency conversion virtual.cvut.cz/ kifb/ convert&lang=en virtual.cvut.cz/ kifb/ exchange&lang=en virtual.cvut.cz/ kifb/ change&lang=en www.cogsci.princeton.edu/webwn2.0&word =amount dictionary.reference.com/search?q=amount virtual.cvut.cz/ kifb/ amount&lang=en virtual.cvut.cz/ kifb/ amount_of_money&lang=en www.cogsci.princeton.edu/webwn2.0&word =value dictionary.reference.com/search?q=value virtual.cvut.cz/ kifb/ value&lang=en virtual.cvut.cz/ kifb/ economic_value&lang=en virtual.cvut.cz/ kifb/ sum&lang=en virtual.cvut.cz/ kifb/ sum_of_money&lang=en dictionary.reference.com/search?q=from www.cogsci.princeton.edu/webwn2.0&word =source dictionary.reference.com/search?q=source www.cogsci.princeton.edu/webwn2.0&word =origin dictionary.reference.com/search?q=origin 128.136.11.20:8080/sigma/skb=SUMO_skb&term=origin dictionary.reference.com/search?q=to www.cogsci.princeton.edu/webwn2.0&word =target dictionary.reference.com/search?q=target www.cogsci.princeton.edu/webwn2.0&word =destination www.cogsci.princeton.edu/webwn2.0&word =destination dictionary.reference.com/search?q=destination 128.136.11.20:8080/sigma/skb=SUMO_skb&term=destination dictionary.reference.com/search?q=into www.iso.ch/iso/en/prods-services/popstds/currencycodes.html www.xe.com/iso4217.html www.bsi-global.com/Technical\%2BInformation/Publications/tig90x.doc www.daml.ecs.soton.ac.uk/ont/currency.daml 128.136.11.20:8080/sigma/skb=SUMO_skb&term=currency virtual.cvut.cz/ kifb/ currency&lang=en
value value value value sum sum from source source origin origin origin to target target destination destination destination destination into currency
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Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Form of business Main activity (s) Date and number of registration

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Bank account number

Experience 2005-2009 2000-2005

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Academic qualification Skills

Current job/position SHAREHOLDER 4 Name Identity card number

: Mohammad Syafiq Syazani b Halim : 751608-11-5023

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Current job/position SHAREHOLDER 5 Name IC No Permanent Address

Experience 2007-2010 2003-2007

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

: Marketing Officer, Sepang International Circuit, Selangor.

Current Job Bj Tyre Sdn. Bhd. Marketing Manager

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

3.4 Market Share Competitors Market Share Services

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

RM 1,890,000 RM 1,512,000 RM 1,512,000 RM 7,560,000

Market share before entry of BJ tyre Sdn. Bhd.

RM 1,436,400 RM 831,600 RM 680,400

BJ Tyres Sdn. Bhd. Total

Adjusted market share after entry of BJ Tyre Sdn. Bhd.

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

of questions concerning general merchandise; demonstrates use of merchandise upon request.

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Marketing Expense Budget

2500 4000 3000 400

7000 840 1000 5000 10000 5000

2000 4000 33340 3400

Location of the business

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Machine and Equipment

Subject Name Subject Code Lecturer

: TECHNOPRENEURSHIP : WBB10102 : Mr. Adlin

Machine Types Goninan Twin Milling Calendering machine

Price Per Unit(RM) 10,000

Total Cost (RM)

20,000 5,000 20,000