EDNA ADAN UNIVERSITY

DEPARTMENT OF SCIENCE
FACULTY OF PHARMACY

ASSIGNMENT: PROCEDURE FOR PREPARING A BUSINESS PLAN.

COURSE: PHARMACY
LECTURER: HAMUD KHAIRE

GROUP NAMES:

NAME ID

Salah Ali Mahmoud 3246

Mohamed Ali Ahmed 3214

PRESENTATOR :
SALAH ALI
PRESENTATION OUTLINE
• INTRODUCTION ABOUT BUSINESS PLAN
 DEFINITION OF BUSINESS PLAN
 PURPOSE OF A BUSINESS PLAN
 CONTENT OF A BUSINESS PLAN

• CASE STUDY ABOUT HIRAD PHARMACY.

 DESCRIPTION OF THE BUSINESS
 ASSIGNMENT QUESTIONS ANSWERED BY THE BUSINESS OWNER

1
DEFINITION OF BUSINESS PLAN

 A Business plan is a written document that describes a future activity for

an existing or proposed business venture.

2
PURPOSE OF A BUSINESS PLAN

The main purpose of business plan is to identify, describe and analyze a

business opportunity and/or a business already under way, examining its
technical, economic and financial feasibility.

3
BUSINESS PLAN TABLE OF CONTENTS

• EXECUTIVE SUMMARY/ABSTRACT  MARKETING & SALES STRATEGIES

• MISSION & VISION STATEMENTS  OPERATIONS STRATEGIES

• COMPANY OVERVIEW  FINANCING STRATEGIES

• ANALYSIS OF THE PRESENT SITUATION.  TECHNOLOGY/TECHNICAL STRATEGIES

• INDUSTRY/MARKET ANALYSIS  MANAGEMENT/LEADERSHIP OVERVIEW

• COMPETITOR ANALYSIS  CONCLUSION

 APPENDIX
• PRODUCT & SERVICE PORTFOLIO
DESCRIPTION

4
DESCRIPTION OF THE BUSINESS
NAME OF THE BUSINESS HIRAD PHARMACY

TYPE OF THE BUSINESS SOLE PROPRIETORSHIP

NAME OF THE OWNER DR. EID ABDI ALI

LOCATION HARGEISA

NUMBER OF BRANCHES EIGTH BRANCHES

ADDRESS HARGEISA, SOMALILAND

YEARS OF ESTABLISHMENT SINCE 2018

5
ASSIGNMENT QUESTIONS ANSWERED BY THE
BUSINESS OWNER

PLANNING AND DECISION MAKING

1. Do you have a business plan?
Yes, I have.
2. If Yes (how long)
For the last eight years.

6
CONTINUE..

3. What is the different between plan and without the plan?

• The main difference is to identify your SWOT (Strength, Weakness
Opportunity, and threat) and also to compare forecasting your progress.
• If you have a plan: you can receive external funding, obtain an
understanding of your business status, focus on business strategies, and
check the financial standing.
• While, If you don’t have plan you can't control what happens to your
company, unable to have the financial security you expected,
Underestimating your company, exposed to a financial, and market threats.
7
CONTINUE..

4. What is your recommendation to other business?

My recommendation towards business owners who are similar to me is to
use strategic and business plans to attain effective and efficient work.
Furthermore, a business plan helps to earn a successful business with goals,
mission, and vision within a specific term, do a SWOT analysis periodically.

8
ORGANIZING

How do you coordinate the activity and the resource of your business?
• Our staff communicates both online and offline. For instance, during the
pandemic, we follow each other via online apps such as WhatsApp and
Zoom conferences.

9
LEADING

How do you manage and motivate your staff?

 Create a friendly work environment
 Setting them Goals and then monitoring and final rewarding.
 Include your employees in goal setting.
 Facilitate respectful relationships.
 Create a career path
10
CONTROLLING

How do you monitor and evaluate your staff?

• Daily weekly monthly and yearly and dealing with middle management
staffs.
• Watch employees work.
• Review work in progress on a regular basis.

11