Business Proposal Regarding a Business Idea Essay

Business Proposal Regarding a Business Idea - Essay Example Business Name - Maritime Transportation Company will be the name of the business. The name is easy to pronounce and remembered. The business will start at the beginning of October 2012 and will be based at Hamshire town, Englang, United Kingdom. Form of Business - Business will be sole-proprietorship, run and managed by Eric Mayoma who has experience in driving and business skills in entrepreneurship education acquired from Dakota State Technical Teachers Training College as described by Mulcahy, (2011, p. 142). The owner chose this type of business because of its market in the growing population. Another reason is that there is adequate means or chances of employment in the State. The entrepreneur decided to take this business given that he has adequate resources in education and enough money to start the business. In this type of business, there is less competition as compared to other businesses in the market like passenger service vehicles and petroleum oil selling companies. Business Location - It is located at Hamshire Town. The entrepreneur chose the location because of the following reasons, transport network, availability of electricity, security is tight, and near to customers (Adamson, 2005, p. 291) The business will deal with the buying, storing, and transporting all the different types of hardware especially those used for building in the building industry. These goods are stored and sold to the customer. Customers who do not have any means of transport are given a means of transport at a minimal fee. Also, loading and off loading products to the vehicle is free as a form of motivating the customers to come again. Other services in the business will include giving discount to customers, who buy in large quantities. This creates good public relation by rendering services to customers in selling, packing, and transportation to their destination. Customers strategically locate the business building to enhance ease identification. This is because customers are coming to purchase other goods and services from shops, warehouse, and the supermarket along the two roads. The business will consist of two warehouses, a 3-roomed office, one for the manager, secretary, reception room, and a conference hall. Many clients especially on the left wing have not hired the newly established building. Therefore, the entrepreneur sees that as an opportunity to his business as explained by Root & Koenig, (2006, p. 182). The business will mainly be known as sole-proprietorship and owned by one person. The business was chosen for a number of reasons. The reasons include profit