ACADEMY OF CONTEMPORARY ISLAMIC STUDIES

(ACIS)

A2: INDIVIDUAL ASSIGNMENT

ENT300
BUSINESS OPPORTUNITY & BUSINESS ACTIVITIES

Prepared for:
MADAM RATNAWATIE PANIE

Prepared by:
SHARIFAH NURUL FARAH AL-GADRI BINTI SYED ABDUL RAHMAN
2019201618
IC1204B

Date of submission:
<Insert Turnitin score report> below 30%
<Insert Assignment Declaration Form>
TABLE OF CONTENT

Table of Contents

TABLE OF CONTENT 4

EXECUTIVE SUMMARY 5

1.0 PROPJECT DESCRIPTION (BEFORE ACTIVITY) 6

2.0 PROJECT OUTCOME (AFTER ACTIVITY) 8

3.0 LEARNING EXPERIENCE 10

REFERENCES 11

APPENDICES 12
EXECUTIVE SUMMARY

- students to summarize the report content in 1 page

- note: finish your write up them summarize it here

(At the end of this business activity, I got a lot of knowledge about business that I do not
know before.)
-
 1.0 PROJECT DESCRIPTIONS (BEFORE ACTIVITY)

1.1 Product / Service Description

Briefly explain the following in a paragraph format:

● Define Product/Service.
● What is the product/ service you are selling? (t-shirt/clothing)
● What are the cost price of the product that you want to sell?
● What is your pricing strategy? What is the selling price?(Long sleeves rm70/ short
sleeve rm60) What is the estimates of profit margin?

1.2 Justification of Product/ Service Choice

Briefly explain the following in a paragraph format:

● Why that product/ service? Justify why you choose that product / service to be sold?
(-it is a good business
-it is easy to attract customer of the known product
-shirt is something that everyone wear in our daily life
● How much your start-up capital?
● Duration & date of your selling activity.
1.3 Target Market

Briefly explain the following in a paragraph format:

● Define target market.

● Who are your target market/customers?
● Explain the value propositions of your product/services that you can offered to your
target customer.

1.4 Distribution / Placing Strategy

Briefly explain the following in a paragraph format:

● Define Place Strategy.

● Where will you be selling the product/ service? Describe the platforms used.
● If you sell online , which platform? Social media? Shopee? Instagram? or Facebook?
or combination online platform?
(I use intagram and whatsapp to promote my product)
● If offline, state the address/location of your physical outlet?
1.5 Promotion Strategy

Briefly explain the following in a paragraph format:

● Define promotion strategy.
● What promotion strategies were used? - Video promotion/poster/Tik Tok?
Advertisement through postings on social media? Content marketing through
WhatsApp? Product Display/Attractive photos and post it on Instagram?
● Any special price promo?
(the special promo for this product is we provided free shipping for our customer)
2.0 PROJECT OUTCOME (AFTER ACTIVITY)

2.1 Report on business transactions

Briefly explain the following in a paragraph format and table form to present your sales data:
● How many units was prepared daily?

● On average, how many orders were processed daily?

● On average, how many items were sold daily?
● On average, how much cost was invested on a weekly basis?
● How many units were not sold? (not applicable to service)
2.2 Statement of Profit or Loss (SOPL)
Name of Business
Statement of Profit or Loss from (insert start date to 2021 )
RM RM RM
Sales XXX
Less: Sales returns/Return inwards (XX)
Sales discount/Discount allowed (XX)
Net Sales XXX

Less: Cost of Goods Sold

Opening inventory XX
Purchases XX
Less: Purchase returns/ Return outwards (XX)
Purchase discounts/Discount received (XX)
Net Purchases XX
Add: Expenses on purchases
Carriage inwards XX
Duty on purchases XX
Insurance on purchase XX
Cost of goods purchased XX
Cost of goods available for sale XX
Less: Closing inventory (XX)
Cost of goods sold (XX)
Gross Profit or (Loss) XXX

Add: Revenues
Rent received XX
Commission received XX
Interest received XX
XXX
Less: Expenses
Salary and wages XX
Insurance XX
Rent expenses XX
Interest expenses XX
Carriage outwards XX
General expenses XX
(XX)
Net Profit or (Loss) XXX
3.0 LEARNING EXPERIENCE

3.1 The valuable lessons from the business activity

There are many things that I learn that I can use in the future. Furthermore, this business
activity is enjoyable for me because I got to learn many things and gain experiences from it.
I like it when customer appreciate and like what they want and from that, I can see how
happy they are. However, there are also things that I do not like about this business which
is I hate when I cannot manage my time well such as I find it hard to stabilize my time
between my online classes and this business. Because of that, I create my own timetable and
I follow them strictly. Then, there are also some times that it is difficult to sell my product
to my customer but I faced it successfully by slowly learn how to treat customer better to
make they buy my product. When I get my first profit, I was very happy because it lift my
passion to sell more of my product to many people but when I loss some profit, I was a little
disappointed at myself but I think it is my starting point to learn from my mistake and make
myself better. I think I have learn many things from this business and the area that I feel I
can done it better is when I promoted my product. I feel like I can use more platform to
promote like facebook or shoppe to make my profit higher that this time.

3.2 Challenges faced throughout the business activity

There are some challenges that I faced when doing this business which is first, I have a
difficulty to promote my product because there are many sellers that sell the same thing or
even the same brand as I am. Sometimes, they even sell the product cheaper than me to
attract customer. The second challenge is I also find it hard at first to think of ways to attract
customer through media social because I do not have any skills or strategies for it. So, I
learn it by asking for advice from my friends and family. The last one is I faced many kind
of customers which is some of them asked many question that I have to explained it again
and again until they understand it. I also met some customer that pulled some prank on me
like calling me to yell at me and then they hang up or some of them were rude at me when
asking question.
REFERENCES