Entrepreneurship (To become a Business Personel)

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How to establish an event management business in limited resources.

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Entrepreneurship (To become a Business Personel)

  1. 1. Acknowledgement
  2. 2. Event Management Project By Muhammad Fahad Ali Mirza Muhammad Shakeel Waqar Liaqat Mobeen Ahmad Shahzaib Khan
  3. 3. Why Guns ‘N’ Roses?
  4. 4. Event Management Refers to designing a themed activity , occasion , display or exhibit to promote a product , cause or organization.
  5. 5. Event Management A Process
  6. 6. What Guns ‘N’ Roses Is? • An event management Company. • For the White Collar Society of Lahore. • Making Events a Life long Remembered. • Giving Life to you Event. • Aiming for the Perfection. • Setting Bench Marks for other. • Creating Value & strong WOM.
  7. 7. Mission & Vision • Becoming the best choice for every one and use of the latest technology with the Cultural Values. • To be leaders and innovators in the Event Management.
  8. 8. Resources of Guns ‘N’ Roses • Human Resource. • Financial Resource. • Personal Resources. • Vendors. • Sponsors. • Market Value.
  9. 9. Situational Analysis • Geographic • Demographics • Market Needs – Selection – Approachable – Pricing – Customer Services • Market Trend
  10. 10. SWOT of Guns ‘N’ Roses
  11. 11. Keys of Success for Guns ‘N’ Roses • Customer’s feedback • Trained staff • Unique selection and variety • Quality of services • Physical & virtual accessibility • Online access • Consistent, accurate fulfillment of the client's wishes • Competitive pricing for the quality of services offered • Significant profit made on each event planned
  12. 12. Costing & Investing Analysis of Guns ‘N’ Roses
  13. 13. Point to be Remembered before Enrolling into a Business Smart Entrepreneur Never go for its own resources. It uses the other resources and use them for its own profit. Smart entrepreneur safe guards its own resources and use only when required at maximum level.
  14. 14. Point to be Remembered before Enrolling into a Business Smart Entrepreneur never Fixes its Capital on which the Return in not conformed until the ratio becomes 2:1
  15. 15. Investment & Utilization • 1 Million investment. • .2 Million Each contribution in the Company. Utilization • For Purchasing Cutlery. • For Capital Expenditure. • For Fixed Expenditure for certain period of time.
  16. 16. Tentative Quotation Gun & Roses Event Management Company Name Date Contact Day Guest Time Function Venue MENU Chicken/Mutton Biryani Or Chicken/Mutton Pulao Chicken/Mutton Quorma or Chicken/ Mutton Karahi RogniNaan…………… Select I Desert Shahikheer, Firnibadami, Fruit trifle, Cream caramel, Hot gulabjamun, Chocolate mouse, Butter & Bread pudding ,etc Raita Fresh salad Mineral water Kashmir tea Soft drink Rate per head.......(chicken one dish) Rate per head……..(Mutton one dish) SETUP Canopies………… 5 types Carpets………… ...3 types Round table & Chair siting Buffet Tables for food Crockery Cutlery Choice of color themes….9 types Water service Live tanoor Single Seat sofas 10% of total guests. Extra Arrangements Light, generators, flowers, heaters, fans, air cooler, wooden floor, A.C, Dj, Panels, lounges Lighting: …………………… Cost of Generator: ……………………… Flowers / Decoration: …………………….. Other Arrangements: ………………………………………………………………… ……………………………………………………………………………………………………. ……………………………………………………………………………………………………. ……………………………………………………………………………………………………. Total cost…………………………. Number of guests…………….. Average cost…………………….
  17. 17. Canopy Cost in Market Canopy From To Cloth 125,000/- 150,000/- Velvet 150,000/- 200,000/- Para Shot 200,000/- 225,000/- Net 150,000/- 185,000/-
  18. 18. Cutlery Costing Cutlery Item From To Plate China set 200/- 300/- Plastic Plate set 110/- 160/- Spoons & knife set 30/- 50/- Wine Glass 50/- 75/- Serving Spoon 30/- 70/- Safen Brass Dish 2,500/- 3,000/- Safen Steel Dish 1,400/- 1,500/- Plastic Bowl 150/- 175/- China Plastic Bowl 300/- 400/- Salad Tray 100/- 125/-
  19. 19. Seating & Sofa's Chair (including cover) TO FROM U bend Chair 1,300/- 1,500/- Straight Chair 1,400/- 1,700/- Lounges per seat 250/- 450/-
  20. 20. Table’s Tables & Covers TO FROM Straight/Head Table 800/- 1,000/- Round Table 2,000/- 2,200/- Table Cover 475/- 500/-
  21. 21. Carpets & Runner Item FROM TO Runner 6x20 ft 5,000/- 6,500/- Stage Takhat 3x6 ft 1,000/- Wood Dancing Floor Sq ft 150/- Fiber Dancing Floor Sq ft 250/- 300/- Glass Dancing Floor Sq ft 500/- Carpet Gourmet Sq ft 24/- 25/- Carpet Kohati Sq ft 55/- 70/- Carpet Pak Punjabi Sq ft 90/- 110/-
  22. 22. All cost mentioned above are Subject to the Quality of the Product and Quantity as well..
  23. 23. Quantity of General Food Products TO GRAMS FROM GRAMS Chicken 250 300 Mutton 300 350 Rice 250 300 Flour 150 300 Drinks 250 500 Water 250 500 Desert 100 150 Raita Depends upon the Event Salad Depends upon the Person
  24. 24. Serving Staff Server TO FROM With uniform 450/- 500/- Without Uniform 500/- 550/-
  25. 25. Serving Staff Uniform Costing Uniform Approximate Cost Trouser Black 650/- Shirt White 450/- Half Jacket 450/- Bow & Tie (Supervisor/foreman ) 350/- Total Cost 1,900/-
  26. 26. Lightening & Decor Generator Soundless PRICE 100 KV (Depends upon the standard) 25,000/- 50 KV (Depends upon the standard) 15,000/- Lightening Depends upon the Customer Décor Depends upon the Customer The above mentioned Rates are the Minimum which refers to the Quality and the Customer need
  27. 27. Cost Incurred for Cutlery Cutlery Item Cost Price Paid Quantity Purchased Total Amount Paid Plate China set 225/- 200/- 350 70,000/- Plate Plastic set 150/- 125/- 100 12,500/- Spoon & knife set 45/- 40/- 350 14,000/- Plastic Bowl 160/- 160/- 200 32,000/- China Bowl 350/- 325/- 200 65,000/- Salad Try 125/- 125/- 100 12,500/- Brass Safen Dish 2,500/- 2,300/- 20 46,000/- Steel Safen Dish 1,500/- 1,500/- 20 30,000/- Wine Glasses 60/- 55/- 400 22,000/- Serving Spoons 50/- 50/- 50 2,500/- TOTALAMOUNT 306,500/-
  28. 28. Cost of Vendor’s Mist Fan 2,000/- per fan Generator 100KV 25,000/- (Depends upon the Décor) Generator 50KV 15,000/- (Depends upon the Décor) Flower Decoration Depends upon the Décor Air Conditioner 160 HP 160,000/- (Depends upon the Size) Air Conditioner 40 HP 40,000/- (Depends upon the Size) Heater 1,500/- to 2,000/- per heater DJ 2 Play with smoker 15,000/- Lounges 250/- to 450/- (Depends upon the Environment) Lightening 10,000/- to 50,000/- (Depends upon the Décor) Normal Fan 400/- (Per Fan) Round Table 75/- (Per Table)
  29. 29. We will be charging a amount of 20% From the Vendor on the basis of the business we have provided them.
  30. 30. Waiter & Supporting Staff Supporting Staff (Labour) 400/- per Function Waiters Female 500/- per Function Permanent servers 8,000/- per month
  31. 31. Capital Expenses Cutlery 306,500/- Marketing Expense 50,000/- UPS 25,000/- Office Board 10,000/- Advance Payment of Office 50,000/- Furniture 15,000/- Air Conditioner 30,000/- Other Expenses 15,000/- Uniform Expenses 1,900/- Total Capital Expenses 512,400/-
  32. 32. Fixed Expenses Rent 25,000/- Staff 8,000/- Utility 8,000/- Warehouse 4,000/- Entertainment 2,000/- Cook 500 per Daigh (Depends upon the Cooking) Total 47,000/-
  33. 33. Variable Expenses Female Waiters 500/- per Function Support Staff 400/- per Function Transportation Cost 2,000/- per Function App Security 6,000/- per Function App Total 9,050/-
  34. 34. Chicken Quroma Daigh Chicken (130+30) =1,600/- Pieces and other things =1,000/- Gasoline =400/- Labour =500/- Total Cost =3,500/- Selling Price =6,000/- Profit =2,500/- * Chicken Quorma daigh includes 10 Kg of Chicken
  35. 35. Chicken Biryani Diagh Chicken (130+30) =1,280/- Rice (100) =1,200/- Gasoline =400/- Labour =500/- Pieces and other things =1,000/- Total Cost =4,380/- Selling Price =6,000/- Profit =1,620/- * Chicken biryani Daigh Includes 10 Kg Rice & 8 Kg of Chicken
  36. 36. Mutton Quroma Daigh Mutton (600) =6,000/- Gasoline =400/- Labour =500/- Pieces & other things =1,000/- Total Cost =7,900/- Selling Price =9,000/- Profit =1,100/- * Mutton Quorma daigh includes 10 Kg of Mutton
  37. 37. Mutton Biryani Daigh Mutton (600) =4,800/- Rice (100) =1,200/- Gasoline =400/- Labour =500/- Pieces and other things =1,000/- Total Cost =7,900/- Selling Price =9,000/- Profit =1,100/- * Mutton biryani Daigh Includes 10 Kg Rice & 8 Kg of Mutton
  38. 38. Profit Margin per Unit Product Cost Price Profit Bar B Q 95/- 200/- 105/- Drinks 13.50/- 25/- 11.50/- Water 19/- 25/- 6/- Tea 15/- 25/- 10/- Soup 35/- 50/- 15/- Salad 20/- 45/- 25/- Dessert 40/- 60/- 20/- Nan 20/- 25/- 5/- * For Bar B Q we take 600 Grams of the Chicken
  39. 39. Practical test of 100 Menu Chicken Product & Computations Profit Chicken Quroma 2500/Daigh x 2 5,000/- Chicken Biryani 1620/Daigh x 2 3,240/- Drinks 11.50 x 150 1,725/- Water 6 x 125 750/- Dessert 20 x 100 2,000/- Nan 5 x 125 625/- Canopy 40 x 100 4,000/- Salad 25 x 100 2,500/- Total Profit from Food & Beverages 19,840/- Extra Basic Arrangements 20% Profit Lightening(20,000) 4,000/- Generator(10,000/- 50KV) 2,000/- Décor(25,000) 5,000/- Fans(12 fans x 400) 1,000/- Total Revenue 31,840/- Expenses 4 Daigh x 500 (2,000/-) 4 female waitress (2,000/-) 3 Supporting Staff (1,200/-) Total Profit App 26,840/-
  40. 40. Practical test of 200 Chicken Menu Product & Computations Profit Chicken Quroma 2500/Daigh x 4 10,000/- Chicken Biryani 1620/Daigh x 4 6,480/- Drinks 11.50 x 300 3,450/- Water 6 x 250 1,500/- Dessert 20 x 200 4,000/- Nan 5 x 250 1,250/- Canopy 40 x 200 8,000/- Salad 25 x 200 5,000/- Total Profit from Food & Beverages 39,680/- Extra Basic Arrangements 20% Profit Lightening(25,000) 5,000/- Generator(15,000/- 50KV) 3,000/- Décor(30,000) 6,000/- Fans(20 fans x 400) 1,600/- Total Revenue 55,280/- Expenses 8 Daigh x 500 (4,000/-) 10 female waitress (5,000/-) 6 Supporting Staff (2,400/-) Transportation (1,500/-) Total Profit App 42,380/-
  41. 41. Practical test of 300 Chicken Menu Product & Computations Profit Chicken Quroma 2500/Daigh x 5 12,500/- Chicken Biryani 1620/Daigh x 5 8,100/- Drinks 11.50 x 400 4,600/- Water 6 x 350 2,100/- Dessert 20 x 300 6,000/- Nan 5 x 350 1,750/- Canopy 40 x 300 12,000/- Salad 25 x 300 7,500/- Total Profit from Food & Beverages 54,550/- Extra Basic Arrangements 20% Profit Lightening(28,000) 5,600/- Generator(25,000/- 100KV) 5,000/- Décor(30,000) 6,000/- Fans(20 fans x 400) 1,600/- Total Revenue 72,750/- Expenses 10 Daigh x 500 (5,000/-) 10 female waitress (5,000/-) 6 Supporting Staff (2,400/-) Transportation (1,500/-) Total Profit 63,850/-
  42. 42. Practical test of 200 Mutton Menu Product & Computations Profit Mutton Quroma 1100/Daigh x 4 4,400/- Mutton Biryani 1100/Daigh x 4 4,400/- Drinks 11.50 x 300 3,450/- Water 6 x 250 1,500/- Dessert 20 x 200 4,000/- Nan 5 x 250 1,250/- Canopy 40 x 200 8,000/- Salad 25 x 200 5,000/- Total Profit from Food & Beverages 32,000/- Extra Basic Arrangements 20% Profit Lightening(25,000) 5,000/- Generator(15,000/- 50KV) 3,000/- Décor(30,000) 6,000/- Fans(20 fans x 400) 1,600/- Total Revenue 47,600/- Expenses 8 Daigh x 500 (4,000/-) 10 female waitress (5,000/-) 6 Supporting Staff (2,400/-) Transportation (1,500/-) Total Profit 34,700/-
  43. 43. The above mentioned profit may change due to change in the dynamics of the market
  44. 44. Per Unit Cost Product Cost Price Profit Chicken Quroma 87.5/- 150/- 62.5 Chicken Biryani 104/- 150/- 46/- Mutton Quroma 197/- 225/- 28/- Mutton Biryani 197/- 225/- 28/- Bar B Q 95/- 200/- 105/- Drinks 13.50/- 25/- 11.5/- Water 19/- 25/- 6/- Tea 15/- 25/- 10/- Salad 20/- 45/- 25/- Soup 35/- 50/- 15/- Desert 40/- 60/- 20/- Nan 20/- 25/- 5/-
  45. 45. Costing Per Menu • Costing & Pricing Chicken Product Cost Chicken Quorma 87.5/- Chicken Biryani 104/- Salad 25/- Desert 40/- Drink 13.50/- Nan 20/- Water 19/- Total 304/- Product Price Chicken Quorma 150/- Chicken Biryani 150/- Salad 45/- Desert 60/- Drink 25/- Nan 25/- Water 25/- Total 480/-
  46. 46. • Costing & Pricing Mutton Product Cost Mutton Quorma 197/- Mutton Biryani 197/- Salad 20/- Desert 40/- Drink 13.50/- Nan 20/- Water 19/- Total 506/- Product Price Mutton Quorma 225/- Mutton Biryani 225/- Salad 45/- Desert 60/- Drink 25/- Nan 25/- Water 25/- Total 630/-
  47. 47. We will be Charging 550/- for the Chicken Menu. & We Will be Charging 900/- for the Mutton Menu.
  48. 48. The above mentioned rates may change due to the changes in the package by the customer.
  49. 49. Break Even Analysis After three months of hard work when we have attained certain attention of the Customer and everybody will be taking us seriously, After that time of between 8 months to 12 months we would have recovered the total investment made in Guns ‘N’ Roses.
  50. 50. Future Assessment • Market is full of Opportunities. • People are getting used to of the Event planner and thus we can make big profits. • Permanent hiring of the staff and administrative tools. • Expansion of the business with reforms. • Continues development through research. • Getting out of the vendors in major cost portions.

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