A

Business Plan
On

Innovative Idea Implementation

Presented To:
V.M. Patel Institute of Management &
Centre for Management Studies, Kherva
(Ganpat University)

Presented By:
S.K.Patel Institute of Management and Computer
Studies, Gandhinagar
(Kadi Sarva Vishvavidhyalaya)

S.K. PATEL INSTITUTE OF MANAGEMENT AND COMPUTER STUDIES

(KADI SARVA VISHVAVIDHYALAYA)
GANDHINAGAR-382023
GUJARAT
Team Members
Sr.No Name Class
1 Nilesh Dodiya MBA-I
2 Purvik Bhingradiya MBA-I
3 Parag Soni MBA-I
4 Rahesh Sutariya MBA-I
 Why this Business Plan?

We came up with this idea because we observe that students of

management and other backgrounds have their innovative idea but they
do not have any platform to implement their innovative idea. MBA
institutes invest in creative ideation initiatives (often called “innovation
initiatives”), such as brainstorming events, idea management, ideas
campaigns and the like, but fail to invest in implementing the most
creative ideas that come from those initiatives. They also have certain
doubts regarding their idea like:

 Where to go?
 Is the idea feasible?
 Who can analyze the idea whether it is feasible or not?
 How to source finance?
 Where to get knowledge of it?
 Is there any institute which can help me realize my potential?
 Who can help convert the innovative idea into a successful
business?

There is lack of motivation and they do not have proper support to

innovate and implement their ideas so we think that if we start up this
type of institute, we can be able to solve the problem which many
student face to implement it.

Also, we think that entrepreneurship concept will become more famous

in near future and more students would want their own business rather
than doing job. So our plan will help those students who have their
innovative ideas but not able to convert into a successful business.
 Introduction to I I I
(Innovative Idea Implementation)
The main idea behind this business plan is to provide a ground to a
person so they can play with their innovative idea with our commitment
and his creativity. We can see that most of the studies are based on
theoretical knowledge but these types of theories may not help in real
world. So, we can make them perfect in the sense of creativity of their
ideas. We provide all the details about technical aspects, current market
situation and the feasibility of the ideas whether to continue or not.

Steps to be taken while implementing idea

1. We conduct market research in various B-schools and colleges

because our main focus is on students. We use the questionnaire,
observation, personal interview and experts review as medium of
information.
2. After knowing the feasibility of the business plan we will go for
convincing the experts like retired professor, technical analyst,
market researcher, and successful entrepreneur, industrialist for
sharing their knowledge, education and experience with our
student for making their career as entrepreneur.
3. After convincing expert we will go to bank for a finance. Our total
budgeted investment is Rs. 1 crore. We are four partners so each
contribute Rs. 15 lacs and remaining amount will be taken as a
loan from HDFC.
4. After getting finance we go for location. Our location is in
navarangpura in Ahmedabad because this area covered various
institutes so we can get good number of student and maximum
benefit of location.
5. After deciding location we will go for advertisement. In this we
will tie up with various institutes regarding our programmed.
Course information:
1. Duration: - probably 1 to 1.5 year.
2. Course fee :- 40000 to 50000( at initial stage )
3. Student strength per class:- 20 to 30
4. Working hour per day:- 5 to 6 hour( may be at evening )
5. Session in a week:- 2 to 3 days

Financials:
Projected Balance Sheet

Sources of Funds

Contribution per partners:

Nilesh 15,00,000
Purvik 15,00,000
Parag 15,00,000
Rahesh 15,00,000 60,00,000

HDFC Bank Loan 40,00,000

Total 1,00,00,000

Application of Funds

Land 35,00,000
Buildings 40,00,000
Computer lab &
Library 10,00,000
Working Capital 15,00,000

Total 1,00,00,000
Interest on HDFC Loan@12% 4,80,000
Experts, Professors Salary
(6*2000 Per Lecture*12 *432 Total Lectures) 8,64,000
Net profit 7,92,000
 Analysis
Of
Questionnaire
Age:
Majority of respondents were management students belonging to young
category (Age: 20-24). This group was targeted because we realize that
at this age they have creative ideas and have passion to do something
new. They can apply their
1. What is future planning?

Respondents 20 30
percentage 40 60

 The main intension behind asking this question was to know

how many respondents would like to go for a job or they would
like to become an entrepreneur.
 The response we received was that 60% of the respondents
would like to start their own business and
 40% of respondents would like to do a job after completing
their education.
 We believe that starting a new firm require entrepreneur skills
 The response we have received clearly reveals that if there is an
institute or any programs or platform which can support the
students their skills and their ideas regarding starting a new
business
2. Have you any innovative business idea?

Respondents 42 8
percentage 84 16

 The purpose of asking this question was to know whether they

have any innovative idea or not.
 It was bifurcated between the job planner or who would like to
start business may be, job planner might have new, creative or
innovative idea
 The response reveals that 84% of the respondents respond that
they have innovative idea
 The analysis of this questions was aimed to support the claim
regarding the implementation of their innovative ides
 1.
3. Have they ever thought that how your innovative ideas can be
implemented?

 The purpose of asking question is to know about what they think

about implementation of their ideas.
 Student have their own idea and they think about their idea
because also want to know about his creativity.
 We can see from the chat that majority of the respondent respond
positively and almost 81% students thought about that their idea
can be implemented
 The rest not get positive support or motivation for thought of
implementation of their idea

i) Do you think that you face any problem for implementing your
idea in future?

 The purpose of asking this question was to know about number of

student who thought about the problem the facing while
implementing their ideas.
 We can solve the problem faced by various students by I I I
  Majority of the students are responding positively and thought
about the implementation about their idea and the problem they
will faced during the implementation of their idea

4. Do you want your innovative idea to be analyzed by experts?

 This question was asked to identify whether respondents

intended their idea to be analyzed by experts. So, we can at least
understand they are interested in converting a small idea into a
feasible business unit.

 75% of the respondents replied that they want their idea to be

analyzed by experts and rest 25% of the respondents negatively
replied to this question.
5. Are you interested if there some institute which helps you to convert
your idea into business?

Respondents 38 12
percentage 76 24

Analysis:

 The purpose of asking this question was to know whether students

are interested or not if some institutes help them to convert their
idea into a successful business.
  We can see that the majority of the students have innovative idea
but they will face problems as we mentioned in our purpose.

 This shows that they have more focused on implementation of

their ideas and convert in into actual business. So, our institute will
help those students in near future

6. Do you think that such III institute can become successful in near
future?

 This question was asked to understand the feasibility of this

business plan.
 84% of respondents responded positively to this question. It shows
that the institute can become a successful venture in near future.
Rather, more and more students would like to join for this institute.
 A Questionnaire for Business Plan on 3 I’s
(Innovative Idea Implementation)

Profile:
1. Name :-_______________________________________________
2. Educational Qualification:-___________ 3. Age :-________

Questions:
7. What is future planning?
o Job
o Start your own business

8. Have you any innovative business idea?

o Yes
o No

9. If yes, have you ever thought that how your innovative ideas can be implemented?
o Yes
o No
i) If yes, do you think that you face any problem for implementing your innovative ideas in
future?
o Yes
o No
ii) If No, why are you not thinking about implementation of your innovative ideas?
_________________________________________________

10. Do you want that your innovative ideas will be analyzed by experts?
o Yes
o No
11. Are you interested if there is some institute which helps you to convert your idea into
business?
o Yes
o No

12. Do you think that such I I I (Innovative Idea Implementation) Institute can become
successful in near future?
o Yes
o No
If Yes, why? ________________________________________________
If No, why? _________________________________________________

Thank you for your valuable feedback