“Effortless Living: Your Ultimate Household Management Solution!”

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Hello Everyone,

Want to get yourself on track toward effective home management? Imagine waking up every morning, living life to the fullest with time maximization, simplification of everyday tasks, and organization of your living space. It’s high time you take control of your domestic duties by setting up a peaceful space that works for your well-being. Welcome to our undertaking, where we’ll empower people to take charge of everyday life through simplifying household administration. We’ll launch our company very soon for your convenience.

Our organization understands how challenging it is and how wearing and overwhelming it sometimes might turn out to leave you under huge stress. That’s just why we’ve designed what burdens running a home holds for our customers. We realize exactly how precious time may be and just a range of domestic services to make smoother and more efficient the experience of running your home.

Introduction of this business

The chosen business delivers a range of household management services to busy families and households. The service would take care of all cleaning, laundry, grocery shopping, supper preparation, pet care, event organizing, and other household management duties. All services will be available in our one organization. What we want to accomplish is to provide an extensive solution that saves the client time and lessens the burden of managing a household.

Denomination

Our Goal

Our highly trained team will be here to help in every possible way. Whether you are an overworked professional needing some extra help with daily tasks or a parent hoping to have order within the scheduling life of your family, we have the experts and resources for all your specific needs.

“Cozy Corner”, this place might be right for you. This provides the impression that the company is responsible for all aspects of property management.

The Sales Area

The targeted market for a household management service includes rich and time-constrained households, such as high-earning professionals, active families with children, and the elderly. These customers value the time and convenience that a seasoned home management service offers.

Potential for Development

House management services differ in various parts of the world, including Bangladesh.

Though Bangladesh is not well established with that business yet, recently this sector has been in highly demand for some reasons.

The aging population, the increasing number of individuals living in dual-income households, and the growing need for external domestic tasks are all predicted to contribute to the household services industry’s continuous growth in the years to come. According to industry analysts, the global home services market is expected to develop at a compound annual growth rate (CAGR) of 5.8% between 2023 and 2028, with a projected worth of $498 billion.

Initial Requirements and Utilization Financial

The estimated initial start-up capital for this household management business is 6,375,000 taka. We are starting our business with other 4 partners who are providing 5 lacks taka amounts individually. Rest of the amount will be indebt from bank. The requirements will include an amount needed for setting up an office, buying machinery and other office equipment, recruitment of employees and their training, and to be used in initial marketing campaigns. The funding is utilized as follows:

  • Leasehold improvements and office setup: 2,125,000 taka
  • Equipment and supplies: 850,000 taka
  • Initial staffing of 7 full-time employees: 2,125,000 taka
  • Marketing and advertising: 425,000 taka
  • Working capital: 850,000 taka

Repayment of Loan and Dues

Given the startup capital to be invested, the business owner intends to secure a small business loan of 3,875,000 taka for 5 years at an interest rate of 4%. The roughly 64,583 taka per month loan repayment with the anticipated revenue and profit margins can be met.

Technical Assistance Needed

The household management business needs the following technical assistance to get started and grow its operations:

  • Consultation in legal and regulatory requirements involved in setting up a service-based business;
  • Guidance concerning efficient ways of operational procedures and best practices in the delivery of household management services;
  • Marketing and branding support for its establishment and positioning in the local market.

People and Staffing

We will be responsible for overall strategy, client relationships, and business development. The other key members are:

  • Full-time household managers to oversee and perform daily activities
  • Part-time workers in the cleaning and laundry department
  • Part-time personal assistant who will double as a scheduler and administrative assistant.

After ages, we will publish circular for the all posts to handle our company properly. We’ve required almost 180 employees to run our company in every branches Of BD. We may be launching 6 branches in 6 division of BD.

Promotion and sales

This company will utilize the combined approach of local relationships, and word-of-mouth referrals with an internet presence strategy. Some of the modes through which this can materialize include:-

  • An online website will be created where it will be able to reflect online booking and payment provisions that show the start-up’s offerings.
  • A social media campaign is to be carried out that will execute a chase-through on all platforms to the target market.
  • Cross-promotion of services with local real estate agents, event organizers, or owners of other related businesses.
  • Offer Preliminary discounts and promotions to attract new customers.
  • Provide excellent customer service before requesting referrals

Boundaries

The facing challenges of a household management business include:

  1. Limited Target Market
  2. Privacy and Trust Concerns: Household management relates to access to private information and an assurance of high levels of trust and confidentiality.
  3. Competitive Market: Household management can be a competitive business because of the presence of established players where there is a limited pool of prospective clients.
  4. High Expectations: Households outsourcing hiring of household management services require quality in service delivery and how efficiently it does the job. Such expectations may be stretched to meet all the time.
  5. Staffing and Training: The ability to get qualified and trusted staff and holding on to them.
  6. Scalability: A household management business becomes challenging to scale because the target market is small but lots of personalized services are involved.
  7. Seasonal Demand: Household management services have seasonal demand. To put it in other words, they are busier during holidays or special occasions.

Key Activities

This company will offer a mix of services to clients in providing a smooth and efficient way through which they can run their households.

1. Organization: Help organize and clean up living spaces, including bedrooms, kitchens, closets, and storage facilities.

2. Home Maintenance: Arranging and supervising the routine of home maintenance tasks, such as cleaning, repairs, and renovation works. This could be in the form of scheduling, hiring contractors, and interceding for the timely completion of work to the best possible quality standards.

3. Personal Shopping: Aiding groceries, home supplies, clothing, gifts, and other types of purchasing. It may involve sourcing products, comparing prices for the most reasonable deal, and making purchases on a client’s behalf.

4. Meal Planning and Preparation: Customized meal planning based on desires and dietary needs; grocery list compilation; and actual meal preparation, either on-site or ahead of time to be reheated by the clients.

5. Event and Party Planning: A process by which special events, parties, or other gatherings will be planned and managed. The venue, design, budget, vendors, and logistics flow are just some of the aspects of this category.

6. Administrative Support: Stepping into administrative tasks such as bill paying, managing the mail, arranging appointments, and coordinating services, along with keeping the records for the household.

7. Arrangements for Travel: Coordinating all travel logistics, including air reservations, accommodations, transportation, and itinerary preparation for singles or families.

8. Childcare and Family Support: Childcare arrangements, including caretaker identification and background checks, scheduling, and activity coordination for children. Additional family support in arranging and coordinating appointments, extracurricular activities, and managing the household routine.

9. Home Safety & Security: Provide Security management, including alarm systems and monitoring, and maintenance programming to safety equipment like fire and carbon monoxide detectors.

10. Lifestyle Management: Provide customized solutions that include the individual requirements of a client, whether for arranging personal services, fitness training, spa appointments, pet care, or even leisure activities.

Our Reservation Systems

We are proud to introduce you to an Android app and Website as well as offline booking. You will find all key services in our only one platform that I have already mentioned before. The expansion increases ease of access and convenience for our customers to be able to reach us with much ease. Our new app delivers a smooth user experience, easy navigation, and reservation possibilities without an internet connection. It’s developed considering various needs in mind. Think about the future of booking at your fingertips; download our app now or visit our store.

Conclusion

With our business venture, we would like to invite you to be a part of making a difference in the way modern households are managed today. We want to allow you to save your time and create a balance in your living space. We enhance our services to offer you the elements, tools, and support required in personalizing life and simplifying everyday living.

Bring your household management from chores-like to effective, stress-free, and fulfilling. Let it be the year you are in charge, and your home works so you can live a life in pursuit of what really matters. On the threshold of new times in household management: Empowerment and Simplicity go hand in hand.

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