Beruflich Dokumente
Kultur Dokumente
ID No. 20
Course Code - 101
Dept. of Management Information systems
5th Batch
1. SUMMARY:
We come up with the idea because we want to earn more and gather
real experience of business. Moreover, the place we selected is very
much familiar to us. We feel the necessity of another pharmacy in that
area.
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2. THE INDUSTRY THE PARTNERSHIP
AND THE PRODUCTS
The Industry
Friends pharmacy is a retail shop which will buy life drugs and similar
type things and sold it retail to the consumers. It's a common small
business.
The Company
The Products
Emergency Life Drug: It will provide emergency life drug for the
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patients.
Like the most new business, for Friends Pharmacy we except growth
during the first year to be slow. However, as more people become
aware of our business, we expect the sales volume triple within five
years. To promote our business the quality and the sales man behavior
will be most important. Decoration of the shop will be another
important matter.
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the product, taking decision for important business matters etc. As we
are mainly students, we have employed an employee for sitting in the
pharmacy. But we decided that one of us will always try to be on
pharmacy. So, when we are going to sit there, in different time, we
divide the sales responsibility among us.
Qualifications
Customers
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Patients of Near by Monowara Hospital: A large number of
customer will come from Monowara Hospital. People of
Shiddeswari, Mogbazar, Poribag, Baily road are admitted to that
hospital. They will frequently come to Friends Pharmacy.
Market size
The market size for Friends Pharmacy is estimated to be 300 per day
at starting. As their 200 patients come or stay Monowara Hospitals
every day. We can expect to have 50 patients from there everyday.
Moreover, their 15,000 people live in Shiddeswari area. There the
probability of being ill and come to Friends Pharmacy is 1%. So we
supposed to have sale of 7000 approximately. And thus the monthly
sale is 2,00,000 taka approximately. And the probability of net profit
on sale is 15% thus we can have 10,000 taka per person of the 3
owners, as monthly income.
Competition
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will be designed to provide maximum flexibility to conform to
customers’ requirement.
5. MARKETING PLAN
Pricing
Sales Tactics
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drug industry and shop in public media, so, we cannot go for it. But
we have to make people know about our business. And for that, in our
opening ceremony we will invite the people of locality to come by a
personal letter each. Thus they will come here and know about our
business. I they don't, they can also have ideas of our business from
our letters.
Sources Taka
Our Fund & Parental Help 200,000
Loan from Brac Bank 300,000
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7. ACCOUNTING SYSTEM TO BE
FOLLOWED
Investment of cash
When a partner will invest an asset other than cash, an asset account
will be debited, and the partner's capital account will be credited for
the market value of the asset. When a certain amount of money will be
owed for the asset, the partnership may assume liability. In that case
an asset account will be debited, and the partner's capital account is
credited for the difference between the market value of the asset
invested and liabilities assumed.
Capital Interest
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A capital interest is an interest that would give the holder a share of
the proceeds in either of the following situations:
The mere right to share in earnings and profits is not a capital interest
in the partnership. This determination generally is made at the time of
receipt of the partnership interest.
Capital account
Capital account of each partner represents his equity in the
partnership.
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Allocation of Net Income
Revenues - Expenses = Net income
If total revenues exceed total expenses of the period, the excess is the
net income of the partnership for the period. If expenses exceed
revenues of the period, the excess is a net loss of the partnership for
the period.
Closing Process
Closing process at the end of the accounting period includes closing
of all temporary accounts by making the following entries.
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Statement of partners' equity starts with capital balances at the
beginning of the accounting period, and reflects additional
investments, made by the partners during the year, net income for the
period, and withdrawals.
As illustrated below --
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Breakeven Chart
Based On our assessment, we hope that we will reach the breakeven
chart with in a half year.
Cost Control
At last we can hope that Friend Pharmacy will reach its goal and will
experience more & more growth in future….
……… … ………
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