Executive Summary
At present, people push forward to the business day by day Flower business is also charming. My business about farming of flowers. The business will be conducted with 3 bigha at Godkhali, jashore. Foreign flower and plant flower will be cultivated there. The universal usage of flowers in all ceremonies like marriage, birthday festivals and sometimes in political and social historic occasions. From the land it is possible to earn about 1,47,50,000 yearly according to the profit& loss analysis. For this business, we can create so many employments in our country. So, we can say that this business can be future earning sector for Bangladeshi people.
Introduction
Flowers are one thing that everyone likes. There are very few people in the world who do not like flowers. So, this flower business can be a profitable business. However, it will be more profitable to do foreign flower business instead of the usual flower business in our country.Because the people of this country prefer foreign flowers more than native flowers. In this business we will not only grow flowers. We also sell flower seedlings and various ornamental plants. Above all it will be more profitable business with less capital.
As it is next to Godkhali, which is known as the city of flowers, some extra benefits will be available in this business. Besides, the soil of this region is very suitable for the production of flower seedlings. Due to which it can be seen from all aspects that the flower business is a Very profitable business.
The uniqueness of this business is that till now all florists sell common flowers and seedlings. But there are few growers who sell exotic varieties of flowers abroad. But I will trade with foreign uncommon flowers and their seedlings. That will make one morning different from another.
Business Description
Alamin foreign flower and plant garden’ The starting price is because:
There are many organizations in our country who want unusual plants and flowers to decorate their offices, workplaces, etc. Which are not so available in Bangladesh. Because of which I think this business should be done. Besides, there are many hobbyist people who want to plant hobbyist plants at home. But they are not provided like that in our country. Due to which it is possible to meet the lack of a class of people as a result of doing this business.
In such a study, I saw that foreign uncommon flowers are in demand not only in our country, but in every country. If we save the flowers and export them outside the country then we can earn a large profit. So by doing this business we can earn more with less investment.
Market overview
Alamin foreign flower and plant garden’ located in Bangladesh at Jashore, is a foreign flower and plant seller. The Company focuses on selling foreign flower and plant.
‘Alamin foreign flower and plant garden’ will provide those flowers and plants. Its include:
- Indian Paintbrush
- Bee Balm
3.Allium
4.Butterfly Weed - Phlox
- Mint
- Lavender
Business or Product Restrictions
Business or product restrictions of opening a foreign flower and plant garden in Bangladesh
Opening a foreign flower and plant garden in Bangladesh may be subject to various business and product restrictions. Some of these restrictions may include:
Business registration and licensing: Any business operating in Bangladesh needs to be registered with the relevant authorities and obtain the necessary licenses and permits to operate legally. This process can be time-consuming and costly.
Land acquisition and ownership: Foreigners are not allowed to own land in Bangladesh, and leasing land can also be a complex process. Therefore, finding suitable land to set up the garden may be challenging.
Import/export regulations: Importing and exporting plants and flowers may be subject to strict regulations and require permits from the relevant authorities. This may add to the cost and complexity of the business.
Labor laws and regulations: Bangladesh has strict labor laws that businesses must comply with, including minimum wage requirements, working hours, and health and safety regulations.
Cultural and religious sensitivities: Bangladesh is a predominantly Muslim country, and there may be cultural and religious sensitivities to certain types of flowers and plants.
Climate and environmental conditions: Bangladesh has a tropical climate, and the local soil and environmental conditions may not be suitable for all types of plants and flowers.
Overall, opening a foreign flower and plant garden in Bangladesh can be a challenging venture due to various business and product restrictions. It is advisable to conduct thorough research and seek legal advice before proceeding with the business.
SWOT ANALYSIS
SWOT analysis is a useful tool to assess the strengths, weaknesses, opportunities, and threats of opening a foreign flower and plant garden in Bangladesh:
Strengths
Unique and exotic flowers and plants can attract customers who are interested in exploring new and rare species.
The availability of a suitable climate can support the growth of a wide variety of foreign plants.
Bangladesh has a large population with an increasing interest in gardening and landscaping, creating a potential customer base for a foreign flower and plant garden.
A well-managed and visually appealing garden can attract tourists and boost the local economy.
Weaknesses
High initial investment and ongoing maintenance costs can be a significant barrier to entry for the business.
Lack of skilled labor and expertise in horticulture and customer service may limit the quality of the product and service.
The business may be vulnerable to weather conditions and natural disasters, such as floods and cyclones, which are common in Bangladesh.
opportunity
Collaborating with local event management companies, wedding planners, and florists to provide unique and exotic flower arrangements can create additional revenue streams.
Offering gardening and landscaping services can expand the business beyond just selling plants and flowers.
Utilizing online platforms to sell plants and flowers can expand the customer base andcreate new opportunities for the business.
Threats
- Competition from existing local nurseries and garden centers that offer similar products and services.
- The risk of introducing invasive species or diseases through the import of foreign plants and flowers, which can lead to legal consequences.
- Economic instability and political uncertainty in Bangladesh can affect consumer spending and demand for luxury products and services.
- By conducting a SWOT analysis, you can identify the potential strengths, weaknesses, opportunities, and threats of opening a foreign flower and plant garden in Bangladesh. This can help you make informed decisions and develop a comprehensive plan for starting and managing your business.
Financial Statement
Revenue and Cost Drivers
Alamin foreign flower and plant garden’s revenues will come from:
.Selling flowers
- Selling seeds
.Selling plants
The major costs for the company will be staff salaries. In the sitial years, the company’s marketing spend will be high and also there will be use huge land.
Capital Requirements and Use of Funds
Alamin foreign flower and plant garden’s currently seeking 50,00,000 to lease a land and also for some cost. The capital will be used for buying soods from foreign and also make the land productive for the seeds.
Specifically, these funds will be used as follows:
.Making sheds for seed.
.Water dispenser
Working capital: 10,00,000 to pay for marketing, equipment and salaries.
Key Assumptions
The following table reflects the key revenue assumptions made in the financial model.
Name | Per peace Rate (Flower | Per Peace rate (plant) | Total Production | Total Income |
Indian Paintbrush | 20 | 100 | 10000 | 1200000 |
Bee Balm | 25 | 120 | 10000 | 1450000 |
Allium | 30 | 150 | 10000 | 1800000 |
Butterfly Weed | 25 | 125 | 20000 | 3000000 |
Phlox | 20 | 120 | 20000 | 2800000 |
Mint | 30 | 150 | 20000 | 3600000 |
Lavender | 20 | 100 | 20000 | 2400000 |
Total | 16250000 |
Cost Statement
Name | Amount |
Land Lease | 100000 |
Salary | 200000 |
Buying Seeds | 500000 |
Transport Cost | 100000 |
Land Preparation cost | 150000 |
Maintaining cost | 500000 |
Total | 1500000 |
In this business we will earn (First Year)
Total Income | 16250000 |
The cost | 1500000 |
profit | 14750000 |
Milestone Schedule
Number of year | Revenue |
1 | 16 million |
2 | 20 million |
3 | 25 million |
Conclusion
By thinking all the situation, I have decided to conduct that business. If I can manage all the necessary tools. Hope, the business will be very effective and profitable. By this business we Can also create a huge employment in our country. We can make our economic growth high. According to the report, we can say that this business plan has a huge future. So, we can may go for the plan.
By thinking all the situation, I have decided to conduct that business. If I can manage all the necessary tools. Hope, the business will be very effective and profitable. By this business we Can also create a huge employment in our country. We can make our economic growth high. According to the report, we can say that this business plan has a huge future. So, we can may go for the plan.