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[Title here, up to 12 words, on one to two lines]

Mariam Chkhikvadze, Keti Elizbarashvili, Nina Gundadze

International Black Sea University

Prof. Dr. Tea Kbiltsetskhlashvili

Group 3

The Business Plan

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Table Of Contents
Introduction……………………………………………………………………………3
Location And Contact Information……………………………………………………4
Products, Services, Financial Considerations…………………………………………5
Objectives, Executive Summary………………………………………………………6
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INTRODUCTION

The purpose of this business plan is to:

More fully comprehend the company’s goals and serve as a manual for
managing them successfully.

Resulting in a long-term business relationship that is beneficial to both the

supplier and our organisation.

Give employees instructions on their jobs and responsibilities and assist them
in understanding the company’s aims and objectives.

Encourage our clients to feel secure and confident doing business with us.

About the idea of business

“Man consists of two parts, his mind and his body, only the body has more fun.”
Once wise Woody Allen said, but what kind of fun do we receive when both, mind
and body are included?! Having fun with friends allows you to feel happier and less
stressed. Boost your sense of worth and self-assurance. Assist you in overcoming
traumas like divorce, critical illness, job loss, or the loss of a loved one. Encourage
you to modify or stay away from bad lifestyle choices like binge drinking or inactivity.
It is very common nowadays for society to suffer from mental illnesses regularly,
without even realising thus entertaining your brain just as much as your body may
have an essential impact on overcoming the mental damage caused by your
everyday life. Subsequently, Lavada group targets not only children or teenagers but
adults also, since brain relaxation is not good only just for the youth.
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Location And General Business Contact Information

Lavada

Owners: Mariam Chkhikvadze, Keti Elizbarashvili, Nina Gundadze

Address: Galleria Tbilisi, 2/4 Shota Rustaveli ave, Tbilisi.
Tel: +995 (32) 63 07 84
Mob: +995 558 18 18 78
E-mail: LavadaHO@gmail.com

The Company

Mariam Chkhikvadze, Keti Elizbarashvili, and Nina Gundadze founded Lavada, a

new corporation with a partnership organizational structure.
This business plan outlines a straightforward method for using a $$$$$$$ investment
to leverage the growth of a long-term profitable business. The company’s
management has the abilities, talents, education, entertainment, and work
experience necessary to properly run the business.
The firm’s objective is to achieve the best possible balance between customer
service quality and price so that every costumer thinks they have received excellent
value and is glad to continue visiting the company in the future. It is anticipated that
the company will see sales, expansion, and profitability.

Product description

Lavada is a game room where people can play mega grid. Mega grid is advanced
version of the game floor is lava which was very popular recently.
Mega Grid features twenty buttons with their own screens. Freeze at the right time in
Statues, rush to the right spot in Mega Zones, and count quickly in Order Up.
The game can be played in teams of 3 to 5 players. If you have more than 5 people,
you’ll have to split the group. Though you will be able to swap members throughout
your visit.
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The game has different levels of difficulties. Player will start it from easy mode and it
will get harder as they complete challenges.
Lavada experience includes 40 minutes of gameplay. The group should arrive 15
minutes before booking time to allow the sign-in process.
The game has been designed for adults, and will therefore be physically and
mentally challenging for anybody under the age of 10.
Costumers will be able to book the game online as well as by visiting the place.
It is suggested to wear comfortable clothes as well as close-toed shoes.
Company also owns a web-site where customers can register before playing and
track your progress.

Products And Services

Avail people be more active – Lavada is an art facility with a wide selection of
interactive games. Complete tasks that are both physical and mental challenging
while having fun with others.

Help develop the skill of thinking fast – according to the Lavada games, every
game is timed and you will earn points based on how fast you complete the given
task.

Allow people to find competing entertaining – interacting with other peers and
sharing emotions with them is definitely different kind of having fun. When you are
enjoying yourself so much it does not matter you win or lose.

Financial Considerations

In addition, in order to make business plan maintain protections for effective

business operations, the current initial plan Lavada initially includes:

26600 GEL for Inventory

4200 GEL for Salaries
5000 GEL for Rent
300 GEL for Utilities
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Initial Expenses
30000

25000

20000

15000

10000

5000

0
Inventory Salaries Rent Utilities

Objectives

The goals and objectives of Lavada are to:

Help reduce the stress.

Prove that having fun could be beneficial to the mental and physical health.

Motivate people to stay active.

Influence on ones fast thinking.

Give people a chance to be social active.

Develop new branch of program games in Georgia that are favourable.

Ensure that the business’s owners have a source of revenue.

Executive Summary

Lavada is a start-up operation that is located in Tbilisi, Georgia.

The company was just recently started and will soon start up when:

Business plan is created and approved by management.

A source of funding is identified, authorised, and obtained.

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An office building is acquired.

Equipment for the pre-opening asset is ready and running.

The commercial space is operationally ready for utilisation.

Lavada is the company of the next level of entertainment, fitness and gaming. Here
you put your body and brain to the test and play arcade-style games while actually
jumping and running through our interactive room. People that are looking for a fun
night out with family and friends or a more exciting way to work out, will find it at
Lavada. Lavada room is filled with glowing floor. Program has two modes to select,
which are Cooperative and Competitive. There are dozens of games to master and
each one lets you play differently. There may be ones that satisfy you and the ones
that have their own problem solving challenges. No worries about games being too
challenging or not challenging enough, since each game offers up to 10 levels of
increasing difficulty from easy to extreme. The faster you beat the game, the more
points you get. These points are saved to your profile. Your profile will track your
loss, win, scores and achievement. Points will let you move up the rank and up the
leader board. You can also save your place by booking online.

Our company is taking bank loans for 48000GEL from TBC bank for 12% and our
aunt company “KIKI” is sponsoring us with 13000GEL. At first we are purchasing the
Inventory. Inventory costs 26600GEL in total and any remaining funds will be used
for other expenses.

Company Background

The founders made the decision to legally structure and organize the firm as a
partnership after conducting significant study and consulting with experts to
determine which type of organization would be best for the company's conditions.
Because it offers a way to reduce personal accountability for the owners, this legal
framework was adopted.
Owners of the company and their individual ownership stakes are:
Mariam Chkhikvadze 34%
Keti Elizbarashvili 33%
Nina Gundadze 33%
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Start-up summary

The price of necessary preopening costs and asset acquisition is factored in the
startup table below. Pre-opening expenses often include those for license, suppliers,
furnishings and inventory, computers with Microsoft Office, game controllers, and
legal and professional fees.
The start-up funding table, that is contained in this business plan, lists the sources
from which the financial needs for pre-opening costs and asset acquisition will be
met. The primary money will come from a grant that is now being researched. The
grant proposal will be filed promptly once the appropriate grant and funding source
will be chosen. 

Our company is taking bank loans for 70000GEL from TBC bank for 12%. At first we
are purchasing the Inventory. Inventory costs 26600GEL in total and any remaining
funds will be used for other expenses.

Annual profits < to >

First year Second year Third year Fourth year

93000 111600 130200 148800

SWOT analysis

For small business, it is important to analyse all situations carefully before making

any decision. That way, there will be less chance of making mistakes.
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Weaknesses
Strength
1. Bank loans
1. No direct competition within country
2. Crowded location 2. Big competition in entertainment
business
3. Providing healthy entertainment
3. Having less experience in managing
4. Having partners abroad business
5. Having sponsor in country 4. Not having big variety of games

SWOT
Threats
Opportunities 1. High expenses
1.Adding new locations 2. demand depends on seasons
2. Adding new games 3. Inflation

Description Of The Leadership

We have decided on the kind of strategy for business management systems. An

organization that takes a systematic approach is seen as a system with objectives,

key outcomes, potential drawbacks, and both internal and external influences.

It becomes vital to increase the accountability of one of those who manages other

employees in the business when it comes to employees who are motivated by

corporate interests. The managers are those people. They function admirably as the

staff's superior.

What do supervisors do? How should they go about everything? Most of us in the

management field have been asked these common questions more than once. And

inquiries that we once had in our business. The managers of the company are in

charge. The procedure entails: organizing, leading, and planning.

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1. Because it is the foundation for all other management tasks, planning is frequently

referred to as the "first" management function. You won't succeed if you don't have a

plan. If you succeed in reaching the goal, it will have been by chance or luck and

cannot be repeated. You might become famous in an instant or as an overnight

sensation, but you won't ever have the body of work that defines success.

Establishing the main aims and objectives of an organization and assigning

resources to meet them are both parts of the strategic planning process. Although

customers, goods, rivals, and corporate resources are some of the aspects that are

considered in the strategic planning process, top management is responsible for it.

Planning is the foundation of a good manager. He should also be in charge of doing

SWOT analyses and setting goals and objectives.

2. Organization is the manager's second key duty after goal-setting and planning.

Grouping resources and activities together to achieve a goal in an effective and

efficient way is organizing. Managers must take into account if employees are

competent to complete duties successfully.

The potential issue with the administration of the hiring procedure is incorrect.

Because of this, the manager should be able to plan everything out in advance and

determine whether he has the required materials on the right schedule. Additionally,

the manager should be in charge of making sure that everything is prepared before

your group arrives, that your group is ready to carry out its part of the plan, that the

downstream organization is prepared for what you will deliver and when it will arrive,

that your workers are trained and motivated, and that they have the necessary

equipment.

3. The team manager should possess the third feature-leading in order to collaborate

with the team effectively. The primary goal of the complicated function of leadership
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is to ensure the efficient and intentional coordination of the people's actions. The two

guiding principles of leadership are direction and motivation. Giving individuals

reasons to work in an organization's best interests is the process of motivating.

Leading and motivating are both parts of the process of directing. Managers must

inform employees of their obligations.

4. Management control involves tracking the company's progress toward its goals.

Controlling is the process of assessing and directing ongoing operations to make

sure that objectives are met. A good manager should be able to exercise control. All

of these characteristics are necessary for the successful operation and growth of the

firm.

It was crucial that the team was effectively organized in order to retain the business's

viability and the necessity to prevent the numerous challenges. Since a strong leader

is necessary for all of this, we choose to acquire some leadership functions.

Analytical thinking should be the manager's first priority in the beginning. She need

to be able to observe how the organization's various components work together as a

whole.

1. The demand for decision-making transparency. In order to prevent difficulties,

managers must constantly maintain control over the environment both inside and

outside of the firm.

2. Company management in crisis situations—Company future is swiftly and

precisely determined by management in crisis situations and unforeseen issues.

Managers should be in charge of this because of this.

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3. The analysis of the options—in order to make the best decision, the manager

must somehow improve their decision-making skills.

4. Select the best alternative - After weighing the benefits and drawbacks of many

options, the manager must select the best option, which may involve combining

multiple different options.

5. Decision realization - The management must evaluate the decision's realization

and ensure that he responds to the objective. Implement it successfully after that.

Management summary

No business can function without management team. Mariam Chkhikvadze, Nina

Gundadze and Ketevan Elizbarashvili are founders of the company Lavada. They will

make primary decisions. They are the ones to fill three main manager spots. Mariam

Chkhikvadze is the financial manager of the company and is responsible for the budget,

Ketevan Elizbarashvili take on the marketing and manage company’s marketing strategies

and social media. Finally, Nina Gundadze is the top manager and provides leadership as

well as establishing policies, guidelines and strategic objectives.

Company staff also consists of two administrators and a cleaner.

On the first stage of start-up, the salary for managers will be 800 GEL and for the top

manager it will be 900GEL. For administrators starting wage is 600GEL and the cleaner
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earns 500GEL. The average sale of the employ will be 600 Gel. Minimum salary is 500

Gel.

Top Manager (Nina

Gundadze)

Marketing Manager Financial Manager

(Ketevan Elizbarashvili) (Mariam Chkhikvadze)

Administrator N1 Admionistrator N2

Cleaner

Staff functions

All members of the team will have their responsibilities to fulfill.

Top manager:
 Manages the team and keeps employees motivated
 creates and implements organizational plans and policies
 works as a negotiator between the top-level and lower-level managers
 works to ensure each department is achieving its goals
Financial manager
  oversees the financial health of the company

 helps ensure financial sustainability

 monitors cash flow
 manages expenses
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 produces accurate financial data
 strategizes for profit
Marketing manager
 undertake market research
 understand the trends and customer preferences
 create marketing strategy and budgets
 oversee the creation of marketing materials and content
 perform all other relevant tasks essential for increasing the business’s sales
Administrator
 serves costumers
 looks after the place during and after each game
 processes and receives payments
Cleaner
 Cleans the space between games.

Salaries

Personal Top Marketing Finance Administrator cleaner

manager manager manager

Wage 900 800 800 600 500

Strategies

General strategy

In our general strategy, we discuss the following: the current situation (the current
status of the product, what has been done to prepare for their official opening on the
market, and reasons why you should choose our service), problems and risks
(important challenges and threats, how to resolve both), service development and
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variety, expenses (Research and development work expend it), and current situation
(the current status of the business model) (supporters, contracts, agreements with
other companies).

Current situation

Lavada, a gaming establishment, features the game Mega grid. Mega grid is an
improved version of the previously very well-liked game "floor is lava".
Tiles with separate sensors are present in Mega Grid. Freeze at the right time in
Statues, rush to the right spot in Mega Zones, and count quickly in Order Up.
Teams of 3 to 5 players can participate in the game. You must divide the group into
two if there are more than five people. Nevertheless, you will have the option of
switching members at any time.

Different levels of difficulty are present in the game. As the player completes
challenges, the game's difficulty increases.
There are 40 minutes of gaming in the Lavada adventure. a group should arrive 15
minutes before booking time to allow the sign-in process

Problems and risks

There is no business without risks. For our company one of the main risk is that
demand for our service might fall during summer. Most of our target costumers leave
the city we are located in. therefore our income will decrease. it is clear that this can
couse variety of problems such as in paying taxes.

financial plan

We made the decision to create a financial plan in order to determine how an

organization will be able to afford to achieve its strategic goals and objectives. This
financial plan covers all of the tasks, resources, equipment, and materials required to
meet the goals as well as the timing requirements. It will be frequently referred to as
management charts in the course of the business because it is an essential tool for
the continuing performance and improvement of the organization. Management
promises to regularly review this business plan to ensure that financial projections
are correct and that plans are still relevant in light of evolving market conditions,
technological advancements, communication channels, and customer
demographics. The above essential management principles will then be strongly
followed in an attempt to maintain the strong and ongoing. Although sales are
predicted to increase significantly over the next year, unit management has improved
its practical sales and marketing capabilities. After a year, sales growth will be more
steady and under control. This will happen as management builds its network of
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contact and demographic data on new and returning clients. The company will be
able to build marketing and sales strategies that focus more on attracting new and
returning customers once a suitable database has been built than it could have done
before. To enable the business to grow financially through cash flow rather than by
taking on further debt, the cash balance will always be positive. 
If there are any minor monthly cash flow shortfalls, the owners will finance them out
of their own personal funds. Management may not ask for a line of credit from a bank
to meet temporary cash flow and seasonal demands once the business has grown
and established its creditworthiness. The majority of any remaining earnings will be
reinvested in the business to increase net worth, pay off debt, and expand. If
approved, this will provide you the power to manage and balance your future
financial flow. The owners are free to take dividend payments whenever they want. 
However, if sales, profit, and cash expectations do not materialize at anticipated
levels, monthly payments should not be made as this could pressure the company's
cash flow. In order to avoid hurting the company's financial position and jeopardizing
its operational cash requirements, a basic rule of thumb states that no more than
50% of the current cash balance should be issued as dividend distributions at any
given moment.

Month 1 Month 2 Month 3 Month 4 Month 5 Month 6

Income 11800 11800 12000 13200 13500 14000

Gross profit 0 0 0 0 0 0

Inventory 26600

Salaryes 4200 4200 4200 4200 4200 4200

Utilities 300 350 350 370 380 420

Rent 5000 5000 5000 5000 5000 5000

Online 162 162 162 180 180 200

marketing

Outdoors 620 400 300 200 300 300

advertisement

Interest 1652 1652 1652 1652 1652 1652

expense

Total 50334 11764 11664 11602 11712 11772

expances
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Month 7 Month 8 Month 9 Month10 Month 11 Month 12

Income 14500 14700 15000 15700 17000 18000

Gross profit

Salaries 4500 4500 4500 4500 4700 4700

Utilities 300 350 350 370 380 420

Rent 5000 5000 5000 5000 5000 5000

Online 162 162 162 180 180 200

marketing

Outdoors 620 400 300 200 300 300

advertisement

Interest 1652 1652 1652 1652 1652 1652

expense

Total 12234 12064 11964 11902 12212 12272

expances