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BUSINESS PLAN:
U.A.E College of Technology,
Kot Radha Kishan
Submitted to:
Mr. Fahmeed Idrees
Prepared by:
Zaid Qadir
(BCE-SP06-028)
12/28/09
The Business Profile
Description of My Business
We plan to start a technical college in our native city. Our vision is to provide
knowledge of technical and vocational education to the people of our city for their
well being. We want to prosper my city with the wealth of knowledge. There is no
any college which provides them quality education to build technical and
vocational skills. We are the first who is starting a technical college in our city.
Here there will be taught the following technical and vocational courses, these
are as follows;
Course outline:
1. DAE of electrical technology
2. DAE of civil technology
3. DAE of mechanical technology
4. Other Short courses
Sources of earning:
Earning sources are the fees collected from the students of diplomas and short
courses. To raise the earnings we shall try to start evening classes if it could be
possible.
Collaboration/Registration:
Mission Statement:
Where people live and work, U.A.E College of Technology will contribute to the
vitality of the communication and strength of the economy through innovative
education programs and services which equip people for successful living,
lifelong learning and work in global knowledge based economy.
Background:
We are a technical academy in Kot Radha Kishan since 2002 with a great
success. So starting a college will be just like a process of up gradation. We have
a very good impression and image so we do not need for publicizing it that much.
We have a great number of ex-students and many friends around the city and in
the villages near the city, who will help us a lot to get students and they will also
promote our plan.
1. Quality education
2. Highly qualified teaching faculty
3. Practical labs with complete equipment
4. Very reasonable and affordable fees.
5. transport facility at low and concessional rates for students
6. And many more advantages
VALUES:
✔ Excellence;
✔ Learner-centered;
✔ Accountability;
✔ Concern for people;
✔ Integrity;
✔ Respect for diversity; and,
✔ Teamwork and true
Business Management:
All the other staff will be chosen on merit and according to requirements.
The People:
We have personal contacts in city and in many primary and secondary
educational institutes. We shall run a campaign for advertisement and promotion
of our business and tell the people about the benefits for seeking the modern
technical and vocational education and also the scope of the technical education
in the development of industrial and economic development. The people of our
city are fully aware of the importance of education they will also promote me.
Resource Requirements:
There are many resources required for this college like finance, Lab equipment,
Office Equipment and many other resources. These are as follows;
Fiancé:
Finance is the first most element of investment out flow. There must be sufficient
finance available to establish for the new setup of the business and to run the
business with efficiently and effectively.
Building:
This is also first most requirement of the college for establishment. Building will
be initially obtained on rental basis on maximum 10 years of rent agreement.
After this period there is possibility that the college will establish its own building.
Lab requirement:
According to the structure of courses there must be separate fully furnished labs
for each subject. In this plan there are few courses entitled, these subjects highly
specialized and require separate labs and instruments, without these courses are
considered incomplete. So, it is the second most requirement of the College that
will be needed.
Equipment:
For these separate technologies there is a need of instruments and equipment
for each subject. There is also need for fully furnished Administration office with
modernized technology instruments.
Teaching faculty:
There is need of highly specialized and educated teaching staff who can teach
with devotion and honestly. I have good relation with the college friends and my
teachers. Our friends are very educated and have experience of teaching
different colleges of technology. They will also help us in meeting the faculty
requirements of the college.
Centers of Excellence:
Communications
Communications
All the communication setup will be based upon the widely used channel of
communication which is internet and local area networks with in the U.A.E
College Departments. There will be a central server through which whole the
network in supervised and controlled. The following are the list of communication
channels which will be used in college as media of communication.
Telephones
All the offices and the department will be interconnected vide telephones and
wirelesses.
Facsimile
In all the departments, facility of fax machines will also be provided.
Computers
All the offices and departments will fully furnish with computer systems and all
the range of network accessories.
Internet
As stated above All the communication setup will be based upon the widely used
channel of communication the internet and local area networks with in the
college.
Organization
Business Organization
We plan to form standard college for the betterment of society. It is our intention
to grow this college in the way of development and progress. The initial and
ongoing costs of operations will be a definite business expense. We feel this is
the right form of business for us because we are both electrical engineers and we
shall perform as an entrepreneur.
Professional Consultants
We feel it is important that our team of professional advisors be in place before
we start the business. Here is a list of these professionals:
Location
Location Criteria
We will choose the location whose outlook is suitable for college and there is
safe& peaceful environment. It is a location where there is convenience for both
the students and staff and easily available transports.
1. Peach Tree
2. Microsoft Excel
Method of accounting:
There will be used the cash method of accounting since this is generally adopted
in services departments and organizations.
Business records:
Accounts of college will be kept separate from our personal accounts. All the
college record will be prepared clean & properly. There will be accountants and
clerks who will be responsible for record keeping.
Legal issues:
Our consultants will help us to set up legal issues like registration and other
board matters and the statutory deductions of funds.
Balance sheet:
Balance Sheet Included is a schedule of equipment and fixtures needed that will
appear as assets of college on the other side bank loans and borrowings &
capital would appear.
Income statements:
Income statement will be made on monthly basis. Every month income and
expenditures will be compared and next agendas will be discussed to follow.
Internal Controls
During my start-up phase of approximately 1-3 years, we plan to perform as an
entrepreneur. Accountants and other administrative staff will help me in
maintaining the internal control system of the college. Proper discipline will be
maintained and ruled and regulations will be strictly followed.