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Author Raouf Hakim, Michel Basil |
Abstract In the current eyewear market, there is a range of ecological and ethical issues regarding eyewear production and its use of plastic. Our business idea is to find a better alternative that would decrease our ecological footprint while providing a variety of eco-friendly high-quality designs. The product will be sunglasses in different designs and form factors that fulfil current fashion standards and are appealing to a young and environmentally conscious audience as well as any other type of user with its main production focus on sustainability and recyclable plastics so in case the product is strayed that its decomposing life would be much shorter and less harmful to the environment. Regarding profits, we expect to be profitable by July of our first year according to our forecast and sales plans which will by the end of 2023. We expect to sell 4200 units for that year which will highly depend on the Summer and Christmas season. In our first year we expect our revenue to be of 441.825 with a net income of 75.148,45 which it will be great numbers considering that for the first three months of 2023 we will be constituting the company and starting production and sales won’t start until April. For the following year we expect sales to grow by 45,65% amounting to 649.254 euros in revenue and a net income of 135.952, this will make us have a very strong financial position. In the third year we expect sales to grow to 7.700 units which will be an increase over the past year of 33,98% in sales and our revenue that year is expected to be 870.129 euros and our net income to be 233.278,54 leaving us in a very strong financial position to start expanding the business in year 4 of maturity. |
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Director Banqué, Francesc |
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Degree IQS SM - Undergraduate Program in Business Administration and Management |
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Date 2022-06-12 |
