Business+Plan


 * //A YES Company//**
 * //From Roxburgh Area School//**
 * “FLAG YOUR BUSINESS WITH FLAGME” **

Have you ever wondered why people just carry on and drive past your store or event? Have you ever seen people slow down and about to stop but kept driving? Ever thought your place was boring and dull? Well, **Flag Me ** may just have what you need to make those critical sales! If you proceed to keep reading you will find out how our business **Flag Me ** is going to develop and maintain a successful company in the YES Business world! The plan for **Flag Me ** is to maintain as a company in the business world by selling and distributing ordered and customized flags throughout the YES Business Year.  The business idea for **Flag Me ** is to design and sell your own and unique type of flag. We can design it for you through our designing director and Buchan design or you can make up your own. Depending on which way you go your art work will then be out onto a flag template and out onto the size flag you have selected. You have the choice of either a double sided or single sided flag being printed using a 'Dye Sublimation' printing in full colour. For a limited time, we will have an introduction offer which no one could resist where our customer will get a double sided print for the price of only a single sided print. We will advertise this great offer at our Launch
 * // BUSINESS PLAN //**
 * Flag Me ** - The new and innovative company with its ground-breaking flags, not just any flags though, these can be designed by yourself to suit or we can design them for you and have your own unique art work show casing whatever you like!
 * FLAG ME’s Business Idea **
 * Flag Me ** has a range of sizes starting from 2.2 m up to 4.5m so you can choose which size you would like to make your flag stand out. The flags are made out of a polyester fabric and are durable. They are very easy to set up and look real effective flying in the wind. The tight make up of the hardware makes the flags stand out and to be seen from far away. All flags come with a single spike which is put into the ground and connected to the flag to keep it upright and flying. Also available are the cross bases which range in price and allows the flags to be erected in stores both indoors or outdoors – whatever is the customer’s preference. All flags no matter what size, come with a canvas carry bag so it is easy to transport around and set up.
 * A FANTASTIC PRODUCT to get that eye capture that you’ve always wanted for your business or event! **
 * LAUNCH OFFER**
 * TUESDAY, 11th MAY 2009**

Check out our **Flag Me ** website [|www.flagme.co.nz] for more info. **//Be in quick and Flag Your Business with FlagMe!//**

Our Company, **Flag Me ** also has business cards which we can give to people who are interested in our product. The high quality of our business cards reflect the high quality of our product. Our Company directors have agreed upon selling **10 flags** as a realistic goal because we already had five pre-sold before we started marketing our product to the wider world. Having our goal at **10 flags** is a challenge for our Company - **Flag Me ** but it is also achievable if we apply the right practices and put our company out there in the business world. Our company would like to achieve this objective of **10 flags** by the end of the YES business year. As a company we have set two different types of Objectives for each Director of the Company - **Flag Me. ** These are objectives which we want to see within in the company E.g. make a 20% profit by the end of the business year. We have then personal objectives which have been decided upon by each director. It is personal to them and maybe something they want to learn or something they may want to try etc.
 * FLAG ME’s Objectives **
 * Flag Me ** – Our Company’s objective or long term goal through the Lion Foundation Young Enterprise Scheme is to sell **10 flying flags** which can be either personalized by our company or the clients having their own artwork. Our company, **Flag Me ** will achieve this goal by marketing our product to local and non-local businesses and also by talking to different people our directors know. We have a website ([|www.flagme.co.nz] ) that will also be seen by many people who are looking for these customized flags and we will get some enquires that way also as they can contact us via email or phone. We will also take advantage of the YES I Hubb website to market our product. Being from the South Island and competing in the Northland region, we are hoping that we will also be able to market our great product nation wide. Our intention is to attend in person the mid-year Oral presentations in Whangarei and we will use this trip as a selling and marketing opportunity.

//Rowan’s// personal objective is to learn the management role within a business system by the end of the YES business Year.
 * Flag Me’s **** DIRECTORS OBJECTIVES **
 * //Managing Director//**-Rowans objective for our company is to maintain a stable business and make a profit of 20% by the end of the YES business Year.

//Zoë’s// personal goal is to develop and create designs specific to the clients orders so they satisfied and happy with the final result.
 * //Designing Director-//** Zoë’s objective for the company is to make a profit and reach our selling goal of 10 flags.

//Alex’s// personal goal is to learn about the financial part of the business and banking systems.
 * //Financial Director –//** Alex’s objective for the company is to make a profit and achieve our goals.

//Breiana’s// personal goal is to gain marketing skills throughout the YES Business Year that I will be able to use in later life. Our Company **<span style="font-size: 14pt; line-height: 115%; color: rgb(148, 54, 52);">Flag Me ** and its board of directors will help each other to achieve all Objectives, Company and personal by the end of the YES Business Year.
 * //Marketing Director//**- Breiana’s objective for our company is to find a consistent amount of clients to buy our product.

Weaknesses may come later on in the structure side as the YES business year starts to get busy but we know as a Board of Directors that help is only an ‘ask away’ and that if we work together and do the required work that needs to be done we will succeed in our business. Management within the business is first-class as all of our company’s directors have a lot of different leadership qualities in a wide range of areas. Each director knows how to communicate to know what is going on and we are able to use a wide range of technologies to assist with our communication. We know it is important to communicate with our YES Northland Coordinator for instance and we have made her part of our online environment so that she can keep abreast and informed about our activities. We send her weekly minutes of our meetings and we have already met her via Video Conferencing because we were not able to attend the e-day in Waitangi. Being from such a small community, we have a good understanding of each other and how we can progress throughout the year to make our business Flag Me as proud and promoted as possible. Having self responsibility in the company also gives the directors a sense of belonging and makes themselves work harder and gives motivation to make the business accomplish our objectives. Our product is a durable and great looking flag. These can be seen from a long way and brighten up everyone’s day. The strengths with these are that they are easy and effective. They can make a dull boring place into an alive and feel good environment. They are also environmentally friendly and can be used almost anywhere in door and out door. Our product is very unique and can be designed to the person needs. This keeps our clients satisfied and also us the directors as we make the customer what they were asking for. Our product comes in different shapes and sizes but we are suspecting the small one will sell more as it is already big enough and is the cheapest. Weakness with our product is going to be the manufacturing time. Because we have a supplier we have to go through them as opposed to doing it our self. To make this weakness strong we will inquiry and ask if different types take longer etc.
 * FLAG ME’s **** Risk Analysis **
 * <span style="font-size: 14pt; line-height: 115%; color: rgb(148, 54, 52);">Flag Me ** risk analysis is going to be carried out in a very safe and positive way as we want to ensure a clean green environment and make only decisions that will support and ensure the directors and those involved in the business are making constructive progress and anything we do will not be detrimental on the environment. There are many risks involved with company’s and ours is no different but we have come up with a strategy for each individual part of our business. With each of the components that make up the business we have both strengths and weakness and therefore the weakness which we point out, we as a board of directors will improve and maintain through progression in succeeding them throughout the YES business year.
 * STRUCTURE **
 * <span style="font-size: 14pt; line-height: 115%; color: rgb(148, 54, 52);">Flag Me ** Structure- we believe we have set up a structure in our business which recognizes the individual strengths of each of our Directors. We are privileged and lucky to have a Mentor who has strong business experiences to assist us in our journey this year. We also have a Teacher Mentor both at our school and in Northland who have business acumen who are there to help and offer suggestions. As a Board of Directors, we feel confident in being able to work as a team to support each other and although we are working from a small South Island rural area, with our Teacher Mentor in the Far North of the North Island, we are committed to meet with her weekly through video conferencing. Each week we run our weekly meetings as Board meetings, where our meetings are all minuted. We have an online classroom on [] which means we are able to collaborate, share and talk with each other online through wikis, blogs, and skype. This provides us with support and transparencies. The structure of the business is very tight as the Board of Directors know each other well, our Mentor is on the Board of Trustees and lives locally, we have a teacher at our school who supports us and we have our Teacher Mentor who we have met personally and meet with via VC weekly. Together we can achieve our objectives, build on our strengths and weaknesses to make our business successful.
 * <span style="font-size: 14pt; line-height: 115%; color: rgb(148, 54, 52);">Flag Me ** is made up of a Financial Director, Designing Director, Marketing Director and Managing Director. Even though our Director’s have different roles and responsibilities, we will be working as a team with many of the tasks and we will run a transparent company where we will know what each other are doing and then we can help if one of the Director’s isn’t able to complete a task on their own. Being such a structured and well organised group of directors we all know what is expected of us. Weaknesses of our structure are very minimal as we have a well planned and thought through business that will appeal to anyone young and old. We are using technology to address any weaknesses we identified earlier in the planning stages, e.g. being rural, isolation, slow economy, other competitors.
 * MANAGEMENT **
 * PRODUCT **
 * <span style="background: rgb(192, 80, 77) none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">MARKET ** - The market which we are selling these unique styled flags is through our local town of Roxburgh to start with. Then we hope to promote and market them outside our area. These flags will be and can be sold to anyone who wants one but we are marketing at local businesses. We will do this by phone calls and flyers and then we will then proceed on to outside the community going to a nearby town Alexandra and selling there. Strengths we have as a Board of Directors is the people we know as they are very interested also that we have contacts in different places. Weaknesses we have though at this time are the recession and this may prevent Company’s and business from purchasing our flags and this is why we are promoting the Launch offer as an incentive. The provision in our costings for people to design their own flags by using their strengths and skills within their own business will address the issue of “things being tight” for businesses and a way for them to get an excellent product to promote their business and ultimately attract more business for them at a lower cost. We are going to refer to the Launch price as being the “recession cost” just to be gimmicky. Otherwise some people see that if you have a cheap price it means a cheap product, which our **<span style="color: rgb(192, 80, 77);">FLAG ME ** product most certainly isn’t.
 * <span style="color: rgb(192, 80, 77);">ECONOMY **- Economy- While the economy is in a downturn we will use this as a selling point to customers as a cheap and effective marketing tool they can use to make their business visible which will enable them to gain customers passing by. The threat to our company in these times is that firms may not have a large marketing budget but we believe they will support the banners as they are cheaper that other sources of advertising.

The opportunities we gain from the market is huge as the more work we do to get our product out into the world the more business we will get. So to make our business as ‘out in the world’ as possible we have set up a website that nice and easy ([|www.flagme.co.nz]) and we have business cards which we are giving to people who are interested in purchasing a flag. As said earlier, we are going to look at our local market first, but we will still market our product nationally. We are also doing a flyer drop to our local area of Central Otago and are having a launch inviting many local people. At the launch, we will have our Teacher Mentor and Northland Coordinator who will be present through video conferencing. Having marketing in all these different ways gives our company an edge on others. Threats we have are bigger businesses that sell the same product as they have bigger buying power which means they can sell them for a less expensive price. This means we need to be competitive in the market therefore not making as much profit. We do think that our pricing is competitive and because of the company we are working with to do the final production of our flags, we know that the quality of our flags are as good if not better than any others on the market. The opportunities we have over other competitors is that no one in our area is selling this product and through our initial market research, we have found that there is a niche in the market for this product. This means our local businesses can be supplied by a local company. Another edge we have on competitors is a good business market and directors who are marketing the company everywhere they go. Weaknesses we will have against other competitors is lack of experience. Because we are a new company in the business world and all young adults we are heading into unknown territory but with the help of our mentor and teachers around us we are positive we will maintain a confident business and build on our business experience and skills through the course of the year.
 * MARKET **
 * COMPETITORS**

Product/Service Description
= = = Our Company <span style="color: rgb(204, 0, 0);">FLAGME is selling newly designed “teardrop flags” that are new to the market and are really taking off. = = = = The revolutionary new shape of the flag allows the image on the flag to be viewed effectively without wind! The clever design and base mount options ensures the flag is able to cut through wind and will not blow over. = = = = Superior construction consisting of a steel base, aluminum and fiberglass poles with polyester banner. =

Our Single sided flags are read backwards from the back side of the banner whereas our double sided flags are two banners sewn together with a block out film between them and can be read correctly from front and back sides.

FLAGME Product Advantages
From our market research we have found our product to be one of the lowest priced. We find this to be a valuable advantage in our current economic status. Our supplier prides themselves on their product quality and is totally confident in providing top notch products. Our revolutionary new shape is the latest way to enhance your street appeal of your company; therefore we find them to be very effective. Our new flag is waterproof and unlike normal flags shall not droop in the rain nor do they need wind to be visible. Our flags have only just been established to the market, we think this adds to the effectiveness of the flag.

The management team of **<span style="color: rgb(192, 80, 77);">FLAG ME ** is made up of four directors Business, Financial, Design and Marketing with the help of our YES teacher, Teacher mentor and business mentor. Each director brings different elements to the company which is needed in order to become successful. Her confidence in the company to succeed gives the company a boost to get over difficult obstacles along the way. Together the management team of **<span style="color: rgb(148, 54, 52);">FLAG ME ** intend to gain new skills along the business process to better the company and themselves in their roles. This gives us a good basis for selling, we can focus our banners on three main groups:
 * OWNERSHIP, MANAGEMENT, PERSONNEL**
 * <span style="background: white none repeat scroll 0% 0%; font-size: 12pt; line-height: 115%; color: rgb(148, 54, 52); -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">FLAG ME ** is owned by it’s management team through the YES company. We have decided that there will be no shares in the company and it will depend on the successfulness whether the company is sold at the end of the year or not. Three of our Company Directors will remain at school next year, so we may look at the viability of continuing with the company to raise money for our university study.
 * <span style="color: rgb(148, 54, 52);">Business Director **, **Rowan Tumai** brings his leadership skills to the team. He is responsible, hard working and keeps things moving. He chairs business meetings and creates a good team spirit.
 * <span style="color: rgb(148, 54, 52);">Financial Director **, **Alex Pasco** has taken on the challenge of Financial Director. His enthusiasm and willingness to take up this role makes him a very important team member. He is trustworthy and good with numbers.
 * <span style="color: rgb(148, 54, 52);">Design Director **, **Zoe Paterson** brings her creative ideas to the team. She has good communication skills and enthusiastic about her role. Her great ideas make her a very vital member of the team.
 * <span style="color: rgb(148, 54, 52);">Marketing Director **, **Breiana Bennetts** brings her communication skills to the team.
 * FLAG ME’s Markets and Marketing **
 * <span style="color: rgb(148, 54, 52);">FLAG ME ** believes that our competitive prices make us a strong competitor in the market. The **<span style="color: rgb(148, 54, 52);">FLAG ME ** company is based in Roxburgh, a town famous for fruit, Jimmy’s Pies and the Clutha River. Roxburgh will be able to add on to this list “tear drop flags”!
 * **__Fruit Stalls__**: Many road sides stalls on the side of the road means that there is big competition between stalls. Having a Flag Me banner on the side of the road will attract people into the stalls and give a good front to the stalls.
 * **__Small Businesses__**__:__ Because Roxburgh is a centre point between the Lakes District and Dunedin it means there is a lot of traffic running through the main street. If businesses in Roxburgh own a Flag Me banner they will attract people to their business on their travels.
 * **__Schools__**__:__ There is only one school in Roxburgh but having a banner to front the school at events such as Athletic Days and Sports tournaments. Having our banner flying at these events will catch the eye of other schools and make them want a banner for themselves. Also within the school are 4 student houses that can be targeted. We can provide a banner for each house. Benger, Clutha, Molyneux and Teviot.

Once we have covered the Roxburgh district then we will expand to other businesses and schools in Central Otago and New Zealand. The competition we face are other companies doing similar flags. Our market research shows these flags are selling at $270 - $295 however these flags are just generic Open or Welcome signs. Some of the companies that we have identified are:
 * Flag.co.nz
 * Expandasign.co.nz
 * Adams Flags
 * Flags and Banners

The strengths of these companies are that they have established businesses, websites and clientele. However we are going to focus on the design aspect and creating a product that is unique to schools and businesses. We are going to be able to design the flags for a lot less $60 as opposed to $150 some businesses were charging. Also by focusing on the schools and personal contacts of the group we are going to meet the needs of the individual client.<span style="font-size: 14pt; line-height: 115%; color: rgb(148, 54, 52);"> <span style="color: rgb(148, 54, 52);"> || This Break Even Analysis has been worked out on the goals of the company selling 10 units of their product. “Working together is achievement, Being together is friendship, Believing together is success” - - // Rowan Tumai //
 * //THE CLUTHA RIVER – MOST OF OUR CURRENT POTENTIAL CUSTOMERS LIVE ALONG THIS BEAUTIFUL BACKDROP// ||
 * FLAG ME’s Financial Forecasts **
 * <span style="color: rgb(148, 54, 52);">FLAG ME Company will be owned by its shareholders. The shares we will issue are: Ordinary Shares – Each Director will purchase $50.00 worth of shares and Preference Shares – The School has loaned us money for the registration fee so we will issue Roxburgh AS with $150.00 worth of preference shares.**
 * Our Financial Director, Alex Pascoe will run the following accounting systems to ensure our financial forecasts are met during the year. The Financial Statements he will keep will be:**
 * Statement of Cash Flows, Statement of Financial Performance, Balance Sheet –** **// To be completed monthly //**
 * The Journals we will keep will be: Cash Payments, Cash Receipts, Petty Cash**
 * Cash Receipts Subsystem – This is a system which keeps account of all monies coming into our business. We will be able to monitor this through our online banking.**
 * Cash Payments Subsystem – This is a system which keeps account of all monies going out of our business. We will pay all monies either through our Company cheque or through our online banking.**
 * Petty Cash Subsystem – This is a system which allows us to have a small amount of money for ‘incidentals’. We will run this through the school office.**
 * **<span style="color: rgb(148, 54, 52);">FLAG ME Company**
 * Statement of Cash Flows**
 * For the month ended 1 May 2009** ||
 * ** Cash Receipts - ** Cash was provided from: || ** APRIL ** || ** MAY ** || ** JUNE ** || ** JULY ** || ** AUGUST ** || ** SEPTEMBER ** ||
 * Sales || || || || || || ||
 * Contributions from Shareholders || 200.00 || || || || || ||
 * Other || 200.00 || || || || || ||
 * Total Receipts || $400.00 || || || || || ||
 * ** Cash Payments ** – Cash was applied to: || || || || || || ||
 * Registration (YES Company) || 110.00 || || || || || ||
 * Set up costs – Promo Flag || 340.07 || || || || || ||
 * Business Cards || 130.50 || || || || || ||
 * Stationary || 54.63 || || || || || ||
 * Business Lunch || 56.70 || || || || || ||
 * TOTAL EXPENSES || $691.90 || || || || || ||
 * EXCESS PAYMENTS/RECEIPTS || -$291.90 || || || || || ||
 * Plus Opening Bank || 0 || || || || || ||
 * Closing Bank || -$291.90 || || || || || ||
 * <span style="color: rgb(148, 54, 52);">FLAG ME – The break even analysis we have calculated shows the number of flags we need to sell in order to make a profit at the end of the year.**
 * **<span style="color: rgb(148, 54, 52);">FLAG ME Company**
 * BREAK EVEN ANALYSIS**
 * SALES || 5 flags @ $450.00 || $2,250.00 ||
 * || 5 flags @ $520.00 || $2,600.00 ||
 * TOTAL SALES || || $4,850.00 ||
 * CONTRIBUTIONS || Shareholders & school || 400.00 ||
 * TOTAL INCOME || || $5,250.00 ||
 * EXPENSES || Production Costs || $3,400.70 ||
 * SETTING UP COSTS || Promo Flag & Expenses || 691.90 ||
 * TOTAL EXPENSES || || $4,092.60 ||
 * PREDICTED PROFIT LESS COMPANY TAX || || $1,157.40 ||