party planners small business idea
DESCRIPTION
Small business idea presentation by BTEC Level 1 Diploma in Business Administration at EFCTRANSCRIPT
Perfect parties
Andzhela Nikolova
Deivydas Petrauskas
Amran Mann
Introduction
For our small business idea we have decided to promote themed parties for children and have named ourselves Perfect Parties. We feel this is a catchy name to sell our services. We could organise your party at your choice of venue, whenever you want.
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Gender
What is your gender?
MARKET RESEARCH
This chart shows that we did get 12 males and 16 females to fill out the questionnaire.
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1.-5 6.-11 12.-17
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Age
How old is/are your child/children?
MARKET RESEARCH
This chart shows the majority of parents’ children were aged between 6 to 11.
MARKET RESEARCH
This chart shows that the most preferred parties are Pirate, Face painting, Princess/Prince and Film characters parties, so on base of our research we are going to offer these parties.
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Parties
Which of the following parties would you chose?
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Yes No
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leWould you prefer a party planner to organize your
party?
MARKET RESEARCH
This chart shows that most of the people would consider a party planner to organise their party
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Monday/Friday Daytime Evening Weekend
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Time
When would you like your party to be organized?
MARKET RESEARCH
This chart shows that most of the people would consider a party planner to organise their party at the weekend
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£2 per child £3 per child £4 per child
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Amount
How much are you willing to pay?
MARKET RESEARCH
This chart shows that the most preferred amount of money per child is £4 to organise party activities.
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Yes No
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MARKET RESEARCH
This chart shows that 27 of 29 people would like a party bag for each child.
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£2 per bag £3 per bag £4 per bag
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Amount
How much are you willing to pay for a party bag?
MARKET RESEARCH
This chart shows that most of the people would pay £3 or £4 for a party bag, so our price for a party bag is going to be £3.50
Target MarketWe are aiming at parents with children
between the ages of 1 to 17 but we mainly want to attract customers with
children aged 3-11
Source of finance
We are going to get the money for our small business from our parents and once when we start to earn a profit we are going to pay them back
WHAT WE ARE OFFERING
WHAT WE ARE OFFERING
• Bubbles – 24pack £3• Toy car/doll 99p• Crème egg – 50p• Party bag – £1.20 • Total – £3
Pirate - £6.95Dinosaur – £12.99Princess/prince - £11.99Animal masks – 99pSuper man – £10.20
Face Paints – £3.99Paint brushes £1.50
£4 per child- to organise party activities.
Costs
• Pirate costume= £6.95 (6.95x3=20.85)
• Dinosaur costume= £12.99 (12.99x3=38.97)
• Princess/prince costume= £11.99 (11.99x3=35.97)
• Animal masks – 99p
• Super man costume= £10.20 (10.20x3=30.60)
In red colour we calculated the total price per each costume for 3 people.
Face paintingFace Paints – £3.99Paint brushes £1.50
Total Costs• Total cost for all costumes is going to be:
£106.53
• Total cost for the Face Painting is going to be: £5.49
• Total cost for party bag will cost £3 for child, for example for 10 children it’s going to be £30
The total amount of money that we need to start our small business is: £112.02 + £3 for party bag for each child
Selling Prices
Our selling price per child is £8 (including the party bag)
Our terms and conditions are:
We organise our parties for ONE hour and minimum number of 10 children.
We offer an extra ‘Face painting’ for each theme you choose and it is only £4 per child
