Halla Telecommunication Company Assessment - Business Plan Example

Download file to see previous pages These assist in controlling the budget and management of overhead expenses. These consist of the Owner who is the manager, a supervisor, and salespersons. The company is located in Halla. Its location is a big benefit to the company in the U.A.E market since there are few competitors with conventional services provided to the customers. HallaTco targeted clients are; corporate organizations, individuals, learning institutions, and other segments in order to expand and capture a big market share. To become part of the telecommunication sector may be hard as the market has well-established competitors which are Etisalat and Du.

The Company will prosper by employing friendly and knowledgeable personnel along with setting up low prices. The Company will require a total of $ 550,340 for it to commence its operations and out of this $ 340,340 will cover start-up expenses while the balance will be entered into the company account as the working capital. The source of the funds will come from the owner’s savings and a loan of $60,000. The repayment period for this loan will be within six years. It is expected to be approximately $150,000 with a market share of annual sales equivalent to $290,000. The company has a greater opportunity in the U.A.E market since it has fewer competitors on the market as there are only two telecommunication companies in the region; the company is also focusing on attracting more customers by the provision of high-quality services and online facilities at a low cost. These will lead to the generation of maximum profits while incurring fewer costs. It is expected that the company reaches its profitability by the end of the second year in operation and to generate substantial sales by the end of three years of operation.

Vision
• To occupy a vital place between a leader world’s class telecommunication companies and to compete with them from various perspectives:
• To be a world-class center of communication services
• To be the smartest Telecommunication company in the U.A.E as the first step and internationally as second, to be able to achieve its mission. ...Download file to see next pages Read More