ADAMA SCIENCE AND TECHNOLOGY

UNIVERSITY

Smart trash can

Business plan
Prepared by AKT friends (0desa, bamlak,
segenet, meseret)

19
 Contents
1. Introduction –
2. Executive summary
3. Environmental &industry analysis
3.1. Economy
3.2. Culture
3.3. Technology
3.4. Legal concerns
3.5. Industry demand
3.6. competition
4. Description of venture
4.1. Product
4.2. Size & location
4.3. Personal
4.4. Historical
5. Marketing plan
5.1. Product design
5.2. Competitor
5.3. Target market
5.4. Pricing strategies
5.5. Promotion
5.6. Distribution
6. Production /operational plan
6.1. Input
6.2. Process
6.3. Out put
7. Organization plan
7.1. Partnership
7.1.1. Advantage
7.1.2. Disadvantage
8. Assessment of risk
8.1.1. potential risks and impact
8.1.2. risk minimizing mechanisms
9. Financial plan
 Introduction
In our environment we did not use trash cans or we can’t find a one when we want to
through a trash so we come u with an idea a smart trash can fun to through to a trash.

When u through a trash it can give you a sound it can say Excellent, bravo, awesome
and also ……in addition to a sound system its support with the light system and within
alight it can show as a sign that motivate us like thumps up or bring us a words like
excellent , bravo, or awesome.
Executive summery
3. Environmental and industrial analysis

Economy:

We provide our product with a fair price

Culture:

In our culture we r not use to it to through a trash in a trash cans so our product is new
technology that motivate us when we through trashes so it will improve our culture to
through a trash in trash can.

Technology:

we use technologies like sound system using dole system and artificial inelegance and also a
light system as u see in cafes or also there is a light like that we are going to use that
system.

Legal concerns:

About the license issue we scheduled our time so we will start our license in that time.

Industrial demand:

Speaker, plastic, wire, solar, bulbs (tiny one)

Completion:

There are the same baskets with other industries but we are the only company that is
trashcan with special feathers like light and sound systems
 4. Description of venture

Product:

Smart trashcan

Size and location:

D/t size depend on the order, location in Adama

Personal:

We are 4 teams

Historical:
 5. Marketing plane

Product design:

Competitors:

We are the one company that produce smart trash can

Target market:

Hotels, parks, school, universities, supermarket,

Pricing strategies:

Promotion distribution:

We distribute our products by opening a display shope

 6. Production/operational plane:

7. Organizational plan
Partnership:

Segenet, bamlak, odyssey, meserat.

Advantage:

We share our knowledge’s, we make our idea bigger and we can make our self stronger
bye motivating each other and giving comments

Disadvantage:

if we got in to bankruptcy each one of our background study by government and it can
take away from us.
 8. Assessment of rick
Potential risk and impact:

Risk minimizing mechanism:

we produce our trash can with a fair price and as our customers want

8. Financial plane
Funding and financing of our business
Pre start-up capital (4 months)
• For searching location

• Sourcing goods

• Finding and buying appropriate materials with fair price.

• Building prototypes and testing it.

• License issue

• Finalized product development

Starting phase(2 month )

• Promotion
• Looking for orders
• Start production
• Getting customers
Operational phase(3 years )
• Production and distribution
 • Finding new customers.
• Increasing our production capacity
Expansion phase(1 month)
Promote and training new products
Opening of new production facility
Financing of our business
For developing and testing our prototype
For starting our business
The money we can make
Source of finance
It have two type of source of finance system there is Equity finance and debt
finance some of our project is cover by equity finance that income is from
sponsorship and the other is debt from the government.

Project balance sheet

asset liabilities equity

Equipment Electrode loan As a start up all
Office of above our will
furniture be covered or
Machines lone

Building Production Payable Wage for all

company time monthly
Display office
Head office
Inventory
Cash
receivables
Project balance sheet

Divide with the year

Project balance Year 1 Year 2 Year 3 Year 4 Year 5

sheet

For developing 5000 without Pay Net profit Net profit Net profit
and testing birr any 260000 320000 500000 800000
our prototype profit and net
Pay our profit is
starting our 18000
rent 20000
business birr
220000
The money we 23100
can make birr

All project 480000

cost as a birr
starting
One single 800
trash can birr