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Tazin Islam Submitted a term paper on "women entrepreneurship" as a requirement of RMBA Program. I have tried my best to gather relevant information for constructing a complete term paper.
Tazin Islam Submitted a term paper on "women entrepreneurship" as a requirement of RMBA Program. I have tried my best to gather relevant information for constructing a complete term paper.
Tazin Islam Submitted a term paper on "women entrepreneurship" as a requirement of RMBA Program. I have tried my best to gather relevant information for constructing a complete term paper.
Date of submission: 15-04-2011 UNIVERSITY OF INFORMATION TECHNOLOGY & SCINCES Letter of Submission 15 th April, 2011
To The Course Project Management Anupam Das Gupta Lecturer Term Paper & industrial tour report Department of Finance and Banking University of Chittagong Subject: Submission of Term Paper on Women Entrepreneurship
Dear Sir, This is the most excellent time when I have the overwhelming experience of submitting the term paper on Women Entrepreneurship as a requirement of RMBA Program. This report has been attempted to focus on the above mentioned topic exclusively which will give full fledged idea concerning the same. I have tried my best to gather relevant information for constructing a complete term paper as outlined. The preparation of this term paper enables me to a great extent to complement out the theoretical knowledge with practical analysis. I have tried to prepare this term paper with best of my skill to make it as sound to go through the accompanying term paper & evaluate it how far I have been successful in the endeavor.
I would like to express my profound gratitude for your kind and conscious guidance in preparing my term paper in the given time. I sincerely believe that you will find this Study very interesting, informative and enlightening. Thank you very much for your kind co-operation. Sincerely, Tazin Islam, Masuda Islam, Shabnam Sultana, Ruma Akter
Acknowledgments
A Term Paper of this nature calls for intellectual and professional help of many people. Behind every single act, there are unforgettable memories, efforts, guidance and blessings of those, without whom, this study could have been gone even for a small distance.
I am very thankful to Anupam Das Gupta for granting us the permission to carry out our project. I am also thankful to all staff members for their support. I can never forget to express our gratefulness to our parents and friends who have always been a great source of inspiration and encouragement to me. Finally I also pay my sincere thanks to all those who helped directly and indirectly in preparation of my project.
I the student of UITS deeply owe to Md.Sahidul Islam, MBA head, who has helped me throughout the duration of my project and guided me thoroughly and patiently solving our queries which made my project see the light of the day.
Mobile Beauty parlor
Bringing beauty at ease
Executive Summery
It is truly said that a journey of million miles begins with a single step! TAZINs mobile beauty care is one of the new idea to provide such kind of door to door beauty service on behalf of TAZINs Beauty care during RAMADAN. We are also continuously looking for ways to improve our standards and be more helpful to our customers. For the convenience of our clients, we will locate at 5 locations, especially in five shopping mall in CTG, Bangladesh. We are specialist in all type of Beauty Care Treatment for women and kids. We do Hair Care service, Skin Care service, Facials, Manicure, Pedicure, Mehedi, party Makeup, etc We are ready to serve our customers beauty needs. During the consultation, a professional stylist will help customer to create the best look and deliver just the right service to achieve it. Be assured that our goal is to make your experience one that keeps you coming back and gives you great value. Come experience the comfortable elegance of our parlor; we look forward to seeing you soon at TAZINs Mobile Beauty Parlor. Were' always working to improve our standards and services to meet today's beauty challenges and remain dedicated to our tradition of giving the customer what they want.
Create an atmosphere where every woman feels welcome to take beauty care while shopping
Be the best beauty world of Bangladesh
Is to make your experience one that keeps you coming back and gives you great value.
Table of content Importance of Project Related Project in Bangladesh or in the world Project Profile Project Organizational Structure Feasibility Analysis Management Analysis Cost Benefit Analysis Income Statement Balance Sheet Social Benefit for the Project Environmental Impact Value Engineering Application of 4p Product Market/Ansoff Matrix SWOT Analysis STP Market demand & Potentially Wanted service, Demand for our mobile beauty service Competitor Analysis References
Importance of Project: The world of fashion changes ever so rapidly with every season. In the developed world the preoccupation with the body and with the beauty is intensifying and the beauty industry, despite nearly thirty years of feminism, is a multi-billion dollar a year business
Our mobile services are perfect for special occasions! Why rush around on special day we can come to customer. It is always busier during Eid, everyone want to look better. And for this we are going to provide Mobile beauty care service on behalf of TAZINs. Our mobile beauty care offer a variety of services which include hair styling, massages, facial, manicure, and pedicure per-formed by trained beauticians and hair dressers. We must take care of customer needs. Every specific need is responded with correspondingly proper equipment. These mobile services stop waiting line or queuing system of customer. For the early who may not be able to pamper themselves any more , mobile beauty care services help them feel cared for and attractive again. This mobile beauty care services also reduces transportation cost of our customers & save their time.
Related project in Bangladesh or in the world: It is a pioneering concept in our country. In Bangladesh there are no mobile beauty care services. But in the world we can see some beauty parlor who delivers their beauty care services at the door of customers. Home beauty care in South Africa Sass beauty salon & mobile hair by Donna in London
Project Profile: In keeping with the tradition of service with a difference TAZINs beauty care Mobile service offering a range of beauty service offered to you in the comfortable places where you can run your desired shopping during Eid festival. Using portable equipment this beauty care provides hair cutting, manicure, pedicure; facial massages etc During Ramadan existing beauty parlors are overcrowded. Clients need to wait hour after hour just to get a haircut or something else. For that most of the teen girls dont get beauty service according to their convenient time. Specially, most of the teenage girls are on their toes for shopping and getting the beauty treatment. If someone had made the appointment, she would have spent ages wasting time in the traffic, finding a parking space etc. Thats the beauty of mobile Parlor services girl doesnt have to worry any of that.
Our Mobile parlor services bring the parlor to you. Our bus arrives in front of the renowned shopping mall where you feel like to shopping, with its equipment & beautician to provide you with similar services to those offered in the parlor & make you feel beautiful on EID day. If we look at the cost of travelling to the parlor, parking fees and the time we waste in getting there, we will find the mobile parlor convenience and comfortable. Project Organization Structure: TAZINs Mobile Beauty Care is a partnership project on behalf of TAZINs Beauty Care. Because of completing the project during Ramadan a project organization will be established in which 5 project managers will be assigned in individual project function.
Feasibility Analysis: 1.Technical Analysis: A) Materials or Beatification Accessories:
The materials or beautification accessories of our mobile beauty care are make-up kits, towels, apron, soap, henna etc. And this beauty kits are available from local sources. Most of the beauty kits are collected weekly basis. Our suppliers are highly dependable because of our brand image. In addition to these beauty kits our mobile beauty salon are very conscious about the availability of power, water, fuel etc. For availability of electric power we use extra large battery from Rahim Afrooz, fuel from convenient CNG station.
B) Manufacturing Process: It is a service oriented unit and different service like facials, hair style, make-ups, threading, etc are entirely delivered by the skill beauticians.
C) Location & Style: Mainly we offer mobile beauty service that means its provide service at the different places in the different time. We choose 5 shopping malls of different location to deliver our beauty service in the time of Ramadan. In this time women & girls are going to the shopping mall 10 times more than normal time.
D) Machinery & Equipment: In order to the TAZINs Mobile Beauty Care to begin operations, there are many items will need to be purchased. Follows is a list of items necessary to begin project:- AC Cara van Battery(Rahim Afrooz) Beauty parlor chair Scissors Facial steamer Hair steamer Sprayer Hair dryer Movable basin Mirror
E) Structure & civil works: We provide our beauty care service in the AC Caravan which is well furnished & decorated. Customer can get beauty care service comfortably before or after shopping.
F) Work Schedule: We run our project at least 12 hours per day. We go selected shopping mall in one day per week. We started our project from 1 st Ramadan to 30 th Ramadan/ We serve beauty care service from 10 am to 10 pm. 2 Marketing &Demand Analysis: A) Market Demand analysis: With changing socio-economic environment large number of women is taking the help of beauty parlor for better upkeep of their looks. During Ramadan the demand for services of beauty parlor have increased to a great extent. Overall this activity involves good profits.
B) Marketing Program: i. Product: Beauty care service ii. Price: Same as TAZINs main branch iii. Place: Shopping mall iv. Promotion: Leaflets with newspaper,banner,air by FM- Radio station,postering v. C) Marketing Coverage: We select Intensive market coverage.
3 Management Analysis Hierarchy of the organization: TAZINs Mobile Beauty Care is a partnership project on behalf of TAZINs Beauty Care. Because of completing the project during Ramadan a project organization will be established in which 5 project managers will be assigned in individual project function.
Project Manager Financial Manager Marketing Manager Manager Operations Personnel Manager Cashier & Receptionist Beautician Asst. Beautician Cleaner Cost Benefit Analysis: From our selected shopping mall approximately 110 women visit TAZINs Head office for beauty service a day. So, The authority is considering introducing a new project i.e. TAZINs mobile beauty care .It is estimated that after introducing TAZINs mobile beauty care TAZINs can serve 180 women a day. And each will take 250tk (app) service a day. Because of mobility TAZINs is getting new customer. The Mobile beauty parlor is expected to cost tk. 90,396 initially for establishment & its daily maintenance cost would be tk.45, 500
Cost Benefit Establishment cost is 90396 Excess customer=180-110 =70 Maintenance cost 45500 total customer=70*30 =2100 1,35,896 tk. income=(2100* 250) 5,25,000tk.
Instead of introducing a new branch TAZINs is considering opening a Mobile beauty parlor which is unique in feature & which will cost the Authority less
TAZINS MOBILE BEAUTY CARE Income Statement For the month ended October 31,2011 DESCRIPTION Taka Taka Revenues from given services: 1.Haircuting 2.Brow pluck 3.Facial 4.Make-up 5.Pedicure/Menicure 6.Nose & Ear piercing 7.Mehedi 8.Oil massage 9.Sale of salvage Total income--- Less: Transportation cost of purchase Rent of certain Parking place (7% of total income-9,22,200Tk) Rent of A.C. caravan (10,00030)
Gross profit---- Less: Operating expanses: Advertising expenses (Gum, poster, leaflet, banner, sticker, hawkers bill & radio foorti) Call charge(300*30) Sprayer(100*2)
Decoration (Mirror,lighting,sheets Mobile set(2000*2) Preliminary Expenses
Liabilities:
Bank loan Provision for contingencies Capital 5,00.000 Add : Net income 6,93,396
500000 484000 600000
5000 7000 15000 8000 1500 1000 40000
4446
4000 4450
-----------------------------
500000 1000
402896 ___________________
1403896 ___________________ 1403896
1403896 ___________________ 1403896 ----------------------------- Social Benefit for the Project: TAZINs Mobile Beauty Care may have some social benefits. It may be- Mobile beauty care services will save customers time as they will not have to go to the head office It is more convenient and more comfortable. Beauty conscious women will not have to bother for waiting. Our mobility offers twoin-one facility because of our locations i.e women can shopping in a relax mood and get beauty care.
Environmental Impact: At the Beauty Parlor, we believe in beauty with a conscience. We have created a parlor that offers the highest quality beauty services in a setting that is healthier for the environment, our guests and our staff. .We are committed to providing healthy beauty care with a low impact on the environment. We have selected CNG bus for providing our services.. The use of Compressed Natural Gas (CNG) provides certain advantages CNG bus engines produce less noise than diesel engines. Energy consumption of CNG buses is significantly lower than that of diesel buses in a range of 20% to 30% consumption penalty. We are highly prefer to using CFL bulb which saves power energy We have trained our staff about how to reduce consumption of energy and waste
Value Engineering: We will use mobile network to inform our clients to take the service in mean time without standing in the queue or sitting in the waiting room . When a clients serial will come our one mobile call let them inform its your turn Mam and eliminate the necessity of waiting room and on that space we can add 2 more seats with a new capacity for 6 clients in 1 hour. i.e 2160 clients a month 3 seat 5 seat In 1 hour we could serve In 1 hour we could serve serve 9 clients 15 clients Income: 51,119 Income:85,333
Mobile call charge300tk.per day Mobile set(2000 *2) 4000 tk. So, the extra income = (5 seats 3 seats) =34,214tk. -Mobile call charge = 300tk. 33,914tk
Application of 4P: 1 Product A) Hair cutting: i. Layer
ii. Step layer iii. Shaggy iv. Bangs v. U V
B) Facial: ALL SKIN CARE TREATMENTS ARE CUSTOM DESIGNED TO MEET YOUR INDIVIDUAL NEEDS
Diamond Facial:
The Diamond Facial, a powerful age-control treatment, is the latest in Shahnaz Husains repertoire of salon procedures. Centuries of practical applications have shown that the diamond influences the tissues of the human body in a way which facilitates decongestion and promotes the removal of toxins. This helps to oxygenate and purify the skin. The most potent effect of the diamond is its exfoliating and gentle dermabrasing action, which helps to diminish fine lines and wrinkles. It awakens dormant cells and boosts the skin's metabolic functions. The cellular life of the skin and the regeneration of healthy new cells are enhanced. Based on Ayurveda, the diamond facial is like an elixir of youth for timeless eternal beauty.
Gold Facial:
The Gold Facial, based on Ayurveda, is a powerful anti-ageing treatment, with revitalizing and rejuvenating effects. Gold is one of the softest metals and is easily absorbed by the skin. It helps lymphatic drainage and facilitates the removal of toxins and wastes. It also stimulates blood circulation and improves skin elasticity, accelerating cell renewal and reversing oxidation damage.
Gem Facial:
The Gem Facial not only restores and maintains the ideal balances, but also counteracts harmful environmental effects and mental stress. These precious ingredients also act as moisture traps, rehydrating the skin and aiding moisture retention. Their active hydrating function helps the skin to preserve its youthful qualities, delaying the manifestation of ageing signs. Gems actually strengthen the physiology of the skin, stimulating blood circulation and removing toxins, thus rejuvenating the skin and enhancing its beauty. The skin appears soft, resilient, glowing and radiant
C)Threading:
Threading has been used to remove unwanted facial hair and shape eyebrows since ancient times in Asia. The procedure utilizes a length of cotton thread, which is twisted back and forth along the hairs, which are to be removed. The hair is trapped and removed from the follicle. The method is more effective and less painful than waxing, twesszing and razor.
Benefits: Results are known to last longer Precise shape No Chemicals Less Painful than waxing and tweezing Less Redness and Irritation Does not produce more hairs Hair does not grow back as fast
D) Brow Pluck E) Pedicure F) Manicure G) Waxing
H) Henna: To decorate the parts of body, the art of heena or mehandi has been a long-standing tradition stemming from many ancient cultures dating back as far as about 5,000 years, but is most known today for its history in India. Today, it is still used in religious and ritualistic ceremonies in India, but has also gained appreciation in other countries as a beautiful art to be appreciated at any time.
Mehndi is a temporary art done on the body with henna. Henna powder is derived from a plant (actually a bush), Lawsonia inermis, commonly found in the Middle East and other areas where the climate is hot and dry. The bush is harvested, dried, and then crushed to make henna powder. Henna itself is used for many things such as hair treatment, heat rash relief, and skin conditioner to name a few. Henna powder itself is green in color, but the stain it leaves behind is usually an orange- red color.
As the skin absorbs and reacts with the henna paste, it is actually stained for a period of up to four weeks, because henna is a natural stain, it can't be rubbed off or removed with soap and water.
Aside from the tattooing side of henna, it is also very often used as a hair dye. Henna hair dye is a safe and natural way to change your hair color as opposed to the typical chemical hair dyes that so many people use. Henna hair dye is safe and gentle on your skin and hair making it a wonderful alternative to the very abusive chemical hair dyes you will use at a salon or buy from your local hair products retailer. I) Oil Message J) Make-up
1.3Place: We will go with our beauty service in front of some renowned shopping mall. We will contact market authority to book their parking place in exchange of 5%-7% commission from our profit. FRI- In Friday we will go Mimi Super Market which cover the area of Prabartak Moor, Ctg Medical, Golpahar Moor, Mehedibag. In this area various renowned boutiques (Deshi Dosh, Pinon, Abkara, Pindhon) & agora are established. So we get our target customers (Women, Child) whose are coming for shopping in this place. SAT- Akhteruzzaman Center. In this day we cover the whole Agrabad area, where Lucky Plaza, Singapor Bangkok Market, Ctg Commerce College &residential area are situated. It is renowned for banking area. So its our extra benefit for us to capturing the customer. SUN- Sanmar Ocean City in GEC. This area is very much rush & renowned for high class residential area. It covers Central Plaza,Yunusco Tower,Wellfood etc. MON- Khulshi Mart in Foys Lake. This area is renowned for high class residential area. It covers Ispahani Public School & College, women college, various markets, USTC etc. TUE- Akhteruzzaman Center. WED- Sanmar Ocean City in GEC. THU- Arong in Sholoshahar. In this day we cover the whole area of Sholoshahar & Muradpur.
1.4 Promotion: We plan to promote our brand name TAZINs Mobile Beauty Care by creating long lasting relationship and networks with the existing customer. As beauty care service is a fashion product it is effective to go for the consumers directly i.e. paper ads, leaflets, banner etc for the promotion of our TAZINs Mobile Beauty Care brand. And this will help us grab the attention of the consumers. We plan to be flexible in promotion mix strategies for the promotion of our brand. We provide leaflets with paper mentioning the available date where we provide our service. Our own parlor office will provide leaflets as well to the customers. Banner will be shown in front of our selected market every time. We cover full metropolitan area by posturing. We will air our message by FM-Radio station(Radio Foorti)
Product Market/Ansoff Matrix: The Ansoff Growth matrix is a tool that helps businesses decides their product and market growth strategy. Ansoffs product/market growth matrix suggests that a business attempts to grow depend on whether it markets new or existing products in new or existing markets.
The output from the Ansoff product/market matrix is a series of suggested growth strategies that set the direction for the business strategy. In our TAZINs Mobile Beauty Parlor it is a pioneering concept from the existing beauty parlor. Because of establishing existing beauty service in new market we should make the strategy for market development.
SWOT Analysis:
Strengths: We are the pioneer TAZINs already established brand image.
Weaknesses: Limited capacity to provide service
Opportunities: People are time conscious People are more trendy than before
Threats: Possibility of new entrance Surrounded by many parlor here and there.
Treatment of weaknesses As we have more transport to provide beauty service, the question of large capital is light here.
Treatment of threats Price differentiation checks the new entrance & existing competitors.
STP: 4.1 Segmenting: As beauty service is a fashion & life style product, we intend to go for the consumer market. We plan to segment our market on the basis of geography & gender.
4.2 Targeting: We plan to enter Chittagong region primarily & serve the Female (Adult, Children) customer. After five years of successful operation gradually, with the expansion of our serving capacity, we will enter the other regions of Bangladesh.
4.2 Positioning: We can position in the mind of our target customer as Save your time & let your beauty talk
Product Characteristics:
Our main product is beauty care service. It provides facial, hair-cutting, brow pluck, manicure, pedicure, henna and make-up.
Hair cutting create good look. Facial stimulate the skin, relax the client, and energize the face. Manicure provides a treatment for the hands incorporating the fingernails. Pedicure provides a treatment for the feet, incorporating the toe nails and the soften or removal of calluses.
Our beauty salon also offer treatments such as waxing and threading for hair removal
Market demand & potentially: We are a small parlor and work mostly on an appointment basis, sometimes our hours can vary depending on demand. We have shown the demand for our mobile beauty service below- In case of Sanmer Ocean City approximately 35,000 customer visit to shopping during Ramadan.
Among them, Female customers are- 20,000 Beauty conscious female 12,000
Wanted quality beauty service:(who doesnt bother about money)
Demand for our mobile beauty service:
Competitor Analysis Competitor Analysis
Sanmar Ocean City 4000 Mimi Super market 2500 Akhteruzzaman Center 800 Aurong 350 Khulshimart 250 Sanmar Ocean City 800 Arong 230 Aktheruzzaman Center 350 Khulshimart 190
Competitor Analysis: First of all TAZINs mobile beauty care has no competitor as its USP is mobility. The competitors of TAZINs Mobile Beauty Care are existing beauty parlors besides the shopping mall where we are going to provide our services. But they follow pricing strategy to retain the customer. The main weakness of those parlor is: Customer can hardly relay on them. & customers feel doubt about their quality service Our main competitor is Lucy beauty parlor which occupies 50% beauty conscious clients. Lucy is our main competitor at GEC circle.[Mentioning that Lucy not only dominates the GEC circle but also whole Chittagong] Lucy SWOT analysis. Strength- Established brand image A big portion of customers are reluctant to leave Lucy High staff supply Weakness Weak management Indifferent to serve the customer Service quality decreased during Ramadan because of unexpected clients.
Opportunity Wide service line Wide space
Threats Some new parlors(New Look, Liana) of Chittagong Their senior trained employee switch frequently
References: Alvirus Beauty care :(women section) Forum central (5 th floor)787/863, M.M Ali Road ,Gol Pahar Moor Chittagong Corporate office: House no.41,2 nd floor Road no 27 old-16 new Dhanmondi R/A, Dhaka- 1209