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?Management Team: A workshop supervisor, knowledgeable carpenters, finishers, an administrative assistant, and an installation will aid the founder in running the company.?We'll handle these by sourcing smartly, maintaining equipment, using client deposits, and offering excellent customer service to stand out from competitors.Financial Plan: We estimate that our initial expenses will be between 22,000 and 25,000 OMR.In the first year, we anticipate 62,000 OMR in revenue and a net profit of roughly 4,800 OMR.?Risk Analysis: ?We have identified several risks such as material price increases, project delays, equipment failure, and cash flow issues.
Management Team: A workshop supervisor, knowledgeable carpenters, finishers, an administrative assistant, and an installation will aid the founder in running the company. We intend to add a CNC operator and a junior designer to the team in the second year. Financial Plan: We estimate that our initial expenses will be between 22,000 and 25,000 OMR. These include of raw materials, staff pay, marketing, workshop setup, and tools and equipment. In the first year, we anticipate 62,000 OMR in revenue and a net profit of roughly 4,800 OMR. It is anticipated that the company would break even in months ten to twelve.
Risk Analysis:
We have identified several risks such as material price increases, project delays, equipment failure, and cash flow issues.
We’ll handle these by sourcing smartly, maintaining equipment, using client deposits, and offering excellent customer service to stand out from competitors.
Timeline:
In the first two months, we’ll register the business and set up the location.
Then we’ll hire staff, start marketing, and by month 5, begin delivering our first projects.
By the end of the year, we aim to break even, grow our network, and scale the team.
This is our roadmap for building a strong and sustainable business.
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