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Feasibility Report Final
Feasibility Report Final
Introduction:
Indian education sector:
India has the world’s largest population in the age bracket 5 to 24 years of about 450 million. It also has
around 500 million in the 25 to 59 age bracket which constitutes the working population and is expected
continuously increase even as the world’s working population ages and diminishes.
Literacy in India is one of the key deterrents to socioeconomic progress of the country
The Indian literacy rate currently stands at 74% compared to 12% at the end of British rule in 1947.
Although there has been a six fold growth, the level is well below the world average literacy rate of 84%.
formal informal
K_12 Coaching classes
Higher education Pre schools
_ Vocational schools
Being coaching classes my target; I will focus on the growth factors for coaching classes.
Market analysis:
1. Market Scope:
The area in which I will be operating is an complete residential area comprising a huge
section of school going children so my target customers are available leading to high
scope for my venture.
There are two schools, Netaji high school and New English high school which can help
me in increasing my customer base
2. Market players & level of competition:
Presently there is a single coaching class entertaining students from 8th standard and above.
Though many tuitions are being run for nursery to eight there is no classes as such catering to the
needs of this specific class of customers.
So the level of competition is moderate and enough space to survive.
3. Unique points of my proposed venture:
Batches according to the schools, if there are large number of students of any
particular school.
Complete assistance to students in their projects works and assignments.
Special assistance in all language subjects specially Marathi.
Location advantage.
4. Reasons for the selection of target customers:
I will focus entirely on students of nursery to 8th reason being, classes for nineth and tenth
stand are well established in large numbers and that market is characterized by fierce
competition and a level of saturation.
Technical analysis:
Swot analysis:
Strength:
1. Experience and knowledge of the industry.
2. Already established brand.
3. Good customer base.
4. Limited need of staff.
Weakness:
1.
Opportunities:
1. Huge Demand and scope.
2. Market is not cattered fully
3. Limited competition.
4. Least government intervention
5. Easy startup process
Threats:
1. Technological change at a faster rate.
2. Changing tax policies.
3. Already established players can enter in this specific segment also.
4.
PORTER MODEL:
Threat of new entrant:
The sector is characterized by several large players some are even listed like Mahesh
tutorials so there is big threat that any time these established players can enter into this
specific segment also.
Bargaining power of customers:
In this age of technology the internet is replacing many textbook as well as the need of
experts as the information is provided beyond the books. in such a scenario bargaining
power of customers is very high and one needs to have a very fair and rational pricing
policy.
Threat of substitutes:
Threat of substitutes in this sector can be define in the terms of various advanced
facilities provided in the schools which eliminates the need of coaching classes and the
concept online study will also increase the threat for subsitutuing the need for coaching
classes.
Pestle analysis:
Political factors:
The legal environment is Hassel free the taxation aspect for running coaching
classes is as follows
Social factors:
1. Rise in education spending by parents.
2. Large proportion of studying population.
3. Working parents unable to give time for studies.
4. Nuclear families.
Technical factors:
Technology plays an very important role in this sector the use of audio visual aid is on rise more
in lower standards as it makes learning process more entertaining. Usage of internet is also on
rise. U sage of technology can make huge impact in over all learning process.
Environment factors:
Though the business model is as such that it does not harm environment in any way
following things should be considered:
Dust free chalks
CFC free air conditioners.
Economic analysis:
TO find out whether project is financially viable or not lets analyse its costs and benefit.the cost involve
are:
Cost analysis:
Income will be the fees at present if I assume my monthly from a single batch will be rs 7000
by deducting all these expenses I will have profit of rs2500 from a single batch & it will multiply
as number of batches increases. So though initially, taking the initial cost and the above
mentioned calculations, within a year my venture will be highly profitable. This time period will
decrease if number of students increases.
At this starting point of my carrier I can’t choose the option of owning an shop as it requires
huge investment and will create financial burden.si I have choosen the option of rent.
Management feasibility:
Competence of Management :
Since venture is in the form of sole proprietorship it is owned and managed by myself. I
have experience of teaching since last five years.
Availability of resources:
The required resources are available
Legal appraisal:
Being self employed women I can avail loans at cheaper rates if needed during my
expansion phase.
After the independence, globalization is being witnessed in the Indian fashion industry, due to which
changes have occurred in the style of Indian dressing.
Location: prem nagar Tekdi, shop no 2 below sukh paavao apt, near Gandhi road
MARKET APPRAISAL:
Another aspect seen in the changing face of Indian garment industry is the increasing popularity of
‘Boutiques’. A boutique is a small shop or departmental store selling designer, unique and trendy
products. A wide range of items can be displayed in a boutique like watches,, evening wear, sportswear, t-
shirts, tuxedos, etc. Boutiques are generally specialty stores. Exclusive designer items can be purchased
from such stores. High profile designers of India merchandise through their personal boutiques mainly.
Technical analysis:
SWOT ANALYSIS:
Strengths
2. Weaknesses
· Raise brand profile/ customer awareness through advertising and connections to stockiest
· Increase product range.
· Explore and expand print designs
· Open standalone stores.
· Incorporate sustainable elements into designs.
4.THREATS
· Competition from other boutique brands
· Market saturation
· Economic recession
· Higher price points than other high street brands
· Not able to compete with cheaper, lower quality imitations on high street
· PORTER ANALYSIS:
1. Barriers to entry
Absolute cost advantages
Capital requirements
Brand identity
2. Buyer power
Bargaining leverage
Buyer volume
Buyer information
Brand identity
Price sensitivity
Product differentiation
Buyers' incentives
3. Supplier Power
A producing industry requires raw materials - labor, components, and other supplies. This requirement
leads to buyer-supplier relationships between the industry and the Firms that provide it the raw materials
used to create products. Suppliers, if powerful, can exert an influence on the producing industry, such as
selling raw materials at a high price to capture some of the industry's profits.
4. threat of substitutes
Online shopping portals.
Financial appraisal:
Economic feasibility: Economic feasibility can be understood by analyzing cost and benefit analysis.
Rent 2000
helper 1000
Furniture 20000
Here return cannot be specified very clearly as it will be cost plus profit margin.so derpending upon the
cost of the product. But margin minimum will becost+25% it can increase also. Initially in order to boost
sales and to establish oneself in market I will try to offer discounts or will limit my profit margin.
OR
I can also start this business at my home so all the other cost than for inventory will be cut down and I can
utilize amount for more inventory which will help me to have better profit margins. And after sometime
say a 1and1/2 year or so I can have strong financial back up it can utilize it by opening a boutique.
I can also increase my earnings by selling additional products required exclusively for women.
This venture will take time to turn into a feasible one because it requires very huge investment on
continuous basis..
Management competency:
It will be owned and managed by myself but I don’t have any practical knowledge of this buisness but I
have sufficient contacts who are into such venture from a very long period of time so I will depend on
them initially till i get through with In all things involved in it.