Business Plan 3

  • November 2019
  • PDF

This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA


Overview

Download & View Business Plan 3 as PDF for free.

More details

  • Words: 1,231
  • Pages: 27
ÎÐÒÖ

½yZÀ°· ±Z¯{Z ±ÈÀˆpd«Y™yZŸ©ZœdƒY

¹Zº§

–]Zº´¯ ¾Ÿzº˜¯

%XVLQHVV3ODQ ¾¬œºƒ mzº

±ÈÀˆpd«Y™yZŸ©ZœdƒY ½yZÀ°·±Z¯{Z

Ð ¥È½uZ·zÀ¯¶#º§¾°ZŸzd§u±Z]ZÀs {Yzc²À¿Zzˆ—¾«¹±Z]ZÀs±Yz¸c

ZZZMRELUDQFRP

¾¬œƒmz –]Z´¯¾Ÿz˜¯ ¹Z§ ±Yº´—

½yZ¿¡uZ‡ ¾°ƒZ·vÀ°o½y¹MuzÎÐÕÎ µZ¯ b„¸^¿uyY yZ„d³Y r¿yZc

ÕκÏÑÎÏÐÑ yY|-v§

½|¿y¶¯Z³z]¹ aZ˜«Z¯µyYuY YzkY¹ ayZ”³

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

bz¸Ÿ ž«Y  ¶¯v¤¯ºÎ

Î  Z¸d¿Z¾Ÿz˜¯ºÏ ÎÒ [Zd§¾Ÿz˜¯ºÐ

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

¶¯v¤¯

½Yz]ªoµYy²¿zd¸]¶§v·u¾¯±Z„³µvƒ­Zl³Y½Z·yZ§aZÀ]zlc¹ aZ˜«Z¯j¿Zd³

¹ ªoYz¯­Z°c¾´À]‚À¦#º§¹ uzsª›Z„¯‚t]yub€¨ƒ¹ bŸY{Y½zÀ-º¬k

z¯Y ²Àˆˆtd¯ZdYy²¿Yyu bY±M±uº]¾˜£Y¹{Y±Z´À°Y¹ z”³ uyº¯ªœƒ½Z¸d°€£ ²¿zd°¸¯ vƒZ]¾¯ %XVLQHVV 3ODQ ¾¬œƒ¶¯Z³z]±M¹ v³YµvÀyvoY¹ž¿z˜c¦¿¶] ¾¬œƒ¶¯Z³z]¦¿yu vƒZ]¾¯ %3 ¾¬œƒ¶¯Z³z]ž¿z˜cª›Z„¯uZl¿Y¹ ¶˜«Z¯‚t] ªWZ€¯z”³uyº¯ªœƒuZl¿Y¶]ª¿Z°cª¿Çu¹ µvƒ¶WYyYz”³uyº¯ªœƒ{Y¾¬¯Z§ž¿z˜c

uuz-¾¯±ZÀ]  ¹ ¶˜ºc±Z¿{¹ uº­Y¹¹zŸ¾³Z-y{Z]¾«Z¯¾d¿z¿v¯

¹ ±Yz.¿uyZ§j¿Zd³¶]¾zdub³zd´¿Y¶¬°k{Y¹ ¾³Zy•ÈYyY|]Y¶˜ºcZ]µ{¹z¯Y

²¿Y bY¶d„- z¿x±Z¨¯YuZ¿{b—zZ]¹ ¾doYz]±Yz”³\oZ‡aZÀ]zlc{YµuZ dY

­Zl³Yb³zd´¿Yyu¾¬œƒ½Z·¶¯Z³z]¶´À¯{yu¶§bY½¹Z§¹v´§¹ ºld€kª‡Zo¶dƒº³ ¶´À¯{yuµy¹Z„¯aZ¯vs¶WYyY¹ ¾³Zy•ÈYz¯Y¶]½yZ°„À]|§Yz¯¹ aZ€R¯ bYµvƒ ¹ ¹z˜¯b¿ZµZl´²À]²¿Y{Y¶§v´d€·©ºœ„¯½yZlc½Z¸oz½z.³{Z]¹ ¶À¸c

bYµvƒ¾Ÿz˜¯yY|-²¿Y yuz^d˜¯

Z]±Yz]yZ§¶§v´d€·©Z˜Ÿ½uZ¿{½Z¸d¿Zyº§x¯¶´À¯{yu¶§bYz§w¶]­{Ç

bƒYuv´·Yºs¾zduZ¸³M¶]zd„À]½ºld€k

ž«Y

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

Z¸d¿Z¾Ÿz˜¯Î

½Z·yY|ŸY ­z³¹ %XVLQHVV3ODQ ¶´À¯{yu¶§¾d³zd´¿Yb¿ZµZl´‚t]²¿Yyu bYµvƒ¾Ÿz˜¯v´´§¾¯¾³Zy•ÈY¶º]z¯

Ÿ KWWSZZZDOOEXVLQHVVFRPFPW,QIRUPDWLRQ WRSBOHYHOMKWPO"IQDPH Ÿ¤£ 

b¿Z²¿YaZ¯vs{Y¾„t] vƒZ]¾¯ayZlc¶´À¯{yu¾^«Zk\«Z¯ª¯Zƒb¿Z²¿Y

{Y|À³½yZlc½Z·¶´À¯{z.¿uyu²À´$°· vƒZ]¾¯±M®À”´c¹ ¶À¸cµºp³¹ %3 ¶´À¯{yu

}zduyu½vÀ ¯aZ—ȏY  ¹ ­Y¹bsYuz¹ ­Y¹aZÀ«Z¯¶^Zp¯½yYv]Z€oªÀ^£

uyYuyYz£±Yv´°£È—

  KWWSKRPH¡DPHULFDQH[SUHVVFRPVPDOOEXVL QHVV7RROEL]BSODQLQGH[DVS

¦#º§yZ§¹ \€§¦¿½Yz]%3 ¦¿¶À¸cv³¹y¾ƒ{º¯MµZ-yZ§¦¿¾b¿Z²¿Yyu

z·¹ µvƒ®À€¤c¶¬oz¯v´#¶]%3 ¦¿¶À¸c bYµvƒ¶WYyY¶dŸz„ÀZc²¿{Z›M¶¬oz¯{Y

¹ Z· WRROER[ ª¯Zƒb°€£z·²À´$°· bYµvƒµuYunÀ‹ºcª¯Z§yº¶]¶¬oz¯ vƒZ]¾¯µvƒ¶WYyY\«Z¯ªÀ°¨c½Yz]¾¿Z¸«Zh¯

¡ KWWSZZZEFHQWUDOFRPDUWLFOHVH[SHUWD VS

ayZlc ¶´À¯{ yu ¾^«Z¯ ½¹Zo ¹ µuº] 0LFURVRIW b§zƒ ¶] ¢¬˜d¯ b¿Z ²¿Y

 ¹ ¶º]z¯ ½Z· /LQN yY{Z] yu ¢À¤pc ½yYv]Z€o ¾«Z¯ –]Z´¯ ¾]Z¿yY{Z] ¾¨À³¹zd¨«Y

vƒZ]¾¯

Î

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

¢ KWWSZZZEGUSURGXFWVFRP

¶]¹ ¦#º§½Z·yZ§¹ \€§¶´À¯{yu¾³Zy•ÈY|§z¯¦¿±Yº´—¶]b¿Z²¿Y

uyº¯yub¿Z²¿Yyu vƒZ]¾¯uºƒ¾¯ b¿Yv·©|´¯{Y¶§¾¿Z·yZ§¹ \€§…ºˆs

bYµvƒ¾³Zy•ÈYbÀ¤Ÿº¯yY|]Y¹ yZ§¹ \€§yubÀ¤Ÿº¯¾´¿zŸMyZ§Z·bÀ¤Ÿº¯

£ KWWSZZZEL]SODQVFRP

ªoYz¯%3 ¶À¸c½Z·yY|ŸY­z³¹ \d§¶´À¯{yu¾cZ—ȏY¶]vÀ³Yºc¾¯Z°ƒb¿Z²¿Yyu

aZZ^cyY¾«Z¯¶¯Z³z]¶]zlcZ]uYzŸY{Y©YR%3 ¶À¸c½Yz]µy¹Z„¯%3 ¶À¸c¾^Àczc

µuYuyYz£±Z-v´´§¶˜kYz¯½Yz]¶³º°³½Z·%3 ²À´$°· vÀ´§YvÀ¾zdu  ¹ ¶º]z¯ bYµvƒ

¤ KWWSZZZEL]SODQSUHSFRP

µ{¹z¯Y¶§vƒZ]¾¯½Y¶Ÿzo%3 ¦¿¶À¸c½Yz]²À^Zt¯±uz§µuZ¯Mb¿Z²¿Yv·

yZ”d³Y¹y²¿YZ]µvƒµuZ¯M½Z·%3 {Y vƒZ]¾¯±Z-v´·u­Y¹¹ ±YyYx-¶¿Z¯z¶£È—uyº¯ u¹y¾¯bÀ¤Ÿº¯

¥ KWWSZZZEL]SODQLWFRPYSODQKWP

%3 ¦¿¶À¸cZ]¶§bYbÀ˜£Y¹¶]µv¿Y¦¿{Y±Yz]yZ§¾¿Z°´·Yy±Z¯{Z²¿Yv·

¶]–kYy¾¬¯Z§aZpÀ‹ºcª¯Zƒb¿Z²¿Y²À´$°· uºƒ¾¯­Zl³Yn‹Y¹¹ v´°ƒ{yY½º£

vƒZ]¾¯%3 ¦¿ž¬dt¯½Z·b°€£

Ï

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

¦ KWWSZZZSDORDOWRFRP

¾«Z¯yº¯Y¹ %3 ¶À¸c¶´À¯{yu¶§¾ ¬dt¯½Z¸]Zd§¹ Z·yY|ŸY­z³¾Ÿz˜¯¶]b¿Z²¿Y

b¿Z²¿Y¢¿z{Y¾¨À³¹zd¨«Yv¿zs¹ yZ ±Z¨¯Y u{Yuz¾¯bYµvƒ¶À¸cZ·b§zƒ

vƒZ]¾¯®·YzŸ¡ºŸaǺˆp¯½Yz]

§ KWWSZZZEL]SODQH[SHUWVFRP

yuYyuºsaZ¯vs¶€R¯²¿Y u{Yuz¾¯%3 ¶À¸c¶€R¯¦¿¾Ÿz˜¯¶]b¿Z²¿Y

¶€R¯ ²¿Y ¶] ±Yºc¾¯ Yy %3 ¦¿ ž¬dt¯ ½Z·‚t] v·u¾¯ ¶WYyY ¶k¹ bŸZ¿yu LY{Y

uuz-¾yz]¹ ¶˜«Z¯±M½¹y½Y¶Ÿzoayºˆ]ZcuYuyZ 

Ÿž KWWSZZZESLSODQVFRP$ERXW¨ ž8VKWP

¶À¸cYy¾¿Z·mzb§zƒ²¿Y vƒZ]¾¯½Y¶Ÿzo½Z· %3 µv´´§¶À¸c %3, ¶€R¯

¹ ¾¬p¯½Z¸ZÀ¤¯yu+y|]¹ ¦#º§½Z·b§zƒ¶´À¯{yu½|¿Yºkµv³z]¶§bYµuz§ |À¯MµzZt¯½yYx-¶¿Z¯z¶´À¯{yuv´°ƒ{yY¶³Yºd„¦¿{Y%3, bYµuº]¾¬¬°«Y²À] ±Yz]yZ§½Yz]®·¶€R¯²¿Y½Z·mz bYyYuyºsz]½yZlc¶˜ºc¹ ¾]Z¿yY{Z]¾«Z¯yº¯Y

bY‚t]¶lÀd³¹ vÀ ¯±YyYx-¶¿Z¯z½Yz]®·¹

ŸŸ KWWSZZZESODQVFRP

Ð

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

²À´$°· ¹ ¶dsYuz %3 ¦¿ ž¬dt¯ ½Z·‚t] nÀ‹ºc ¹ ¾Ÿz˜¯ ¶] b¿Z ²¿Y

¹ \€§¶´À¯{yu¶³º°³½Z· %3 ²À´$°· v´§¾¯¶WYyY %3 ¶À¸cb¸k¾¿Z·yY|ŸY­z³

uyYuyYz£}zduyu%3 ¦¿¶À¸c¾.³º.#¶WYyY½Yz]¦#º§½Z·yZ§

Ÿ  KWWSZZZEXVLQHVVSODQVRUJ

aZ—ȏY v³Yµvƒ¾Ÿz˜¯¶³º°³½Z·%3 ¹ Z·½&cYzdYZ·yY|ŸY­z³–]Z´¯b¿Z²¿Yyu

bYµvƒ¶WYyY¹ ¶À¸c±Yv´°£È—µuZ dY½Yz]µuZ¾³Z]{Z]¹ ¾ƒ{º¯Mayºˆ]b¿Z²¿Y

Ÿ¡ KWWSZZZEXVLQHVVWRZQFRPSODQQLQJFUHD WLQJGHYHORSLQJDVS

{Y¾^«Z¯ bYµuz§¶WYyYyZ§¹ \€§ž¬dt¯½Z·¶´À¯{yu¾^«ZkaZ—ȏYb¿Z²¿Y

\€§½yYx-¶¿Z¯z¾´¿zŸMyZ§½yZlc½Z·mz½yZlc½Z·b‡zŸ\d§¾Ÿz˜¯ªÀ^£ \«Z¯²À´$°·  ¹ ¶WYyY¹zŸ¾]Z¿yY{Z]yZ§¹ \€§b¿z¿v¯b³zd´¿Y©|´¯yuyZ§¹ uyYuyYz£}zduyuZ·%3 ¶À¸cuyº¯yu¾˜¯Zk

Ÿ¢ KWWSZZZEXVLQHVVFRQILGDQWFRP

½yZlcyº¯Yyu¾¿Z°´·Yy¹ %3 ¶À¸c¶´À¯{yu¾¿Z¨¿z¯Yb§zƒ¦¿b¿Z²¿Yyu

bYµvƒ±ZÀ]¶¨¿yº¶]b§zƒ²¿Y bYµvƒ¾Ÿz˜¯yZ§¹ \€§½{Yv³YµYy¹ ¾³Z-y{Z] b¿ZZ¿¹ b§zƒ¶]¶˜kYz¯Z]v´³Yºc¾¯uYzŸY vƒZ]¾¯¶´À¯{²¿Yyu¾³Çº¢]Yº½YyYu v³uz-v´¯µz¸]±M½Z·¾¿Z°´·Yy¹ µy¹Z„¯{Yb§zƒ Ñ

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

Ÿ£ KWWSZZZEXVLQHVVQDWLRQFRPOLEUDU\

¾«Z¯yº¯Y¾³Z€³Y–]Z´¯v´³Z¯yZ§¹ \€§ž¬dt¯ªWZ€¯¶´À¯{yu¾cZ—ȏYb¿Z²¿Y

¹zŸ ¹ ¾]Z¿yY{Z] b¿z¿v¯ aYyz¤¯ ¹ ²À³Yº£ šÀ¬^c ¹ ¾¸-M ¾´¿zŸMyZ§ ½yYv]Z€o ¹ bYµuz§¶WYyY¾¬¬°«Y²À]¹ ¾¬p¯–]Z´¯|À³¹ ½yZlc½Z·b§zƒ

Ÿ¤KWWSZZZEXVLQHVV FRP

%XVLQHVV ¶´À¯{yu¾ ¬dt¯aZ—º‹º¯¶]¶§bY¾¨À³¹zd¨«Y¶¬l¯¦¿b¿Z²¿Y

\€§¶]º]z¯yZ^sY[Zd§¾Ÿz˜¯{Y®—Y¾ ¬dt¯½Z·‚t]¶¬l¯²¿Yyu bY¶dsYuz uyYuyYz£  ¹ ¾³Z¸kayZlcyZ§¹

Ÿ¥ KWWSZZZEXVLQHVVSODQPDGHHDV\FRP

±Yºc¾¯²À´$°· uYuyZ %3 ¦¿z”³uyº¯¶´À¯{yu±Yºc¾¯b¿Z²¿Y¢¿z{Y

¶À¸c½Yz] uº°³bŸZ¿yuYy±ZZ´ƒyZ§rZ¹ µvÀzb¿Z¢¿z{YYyz”³uyº¯aÇYR

uº°³bsYuzYyµvƒ²ÀÀ˜c¶´¿|·v¿Z]%3 ©ZyY¹

Ÿ¦ KWWSZZZEXVLQHVVSODQIXQGLQJFRPFRVWK WPO

¶]b¤À¤oyu¶§vƒZ]¾¯Z¨¿z¯Yyu ,5$1HWZRUN b§zƒ¶]¢¬˜d¯b¿Z²¿Y

¹ \€§¶˜ºcZ¿¹ ¶À«¹Y½Z·¶¿Z¯z¾«Z¯–]Z´¯%3 ¶À¸c½Yz]¶Y¹Z¿©Çu¦¿±Yº´—

Ò

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

yu¾^«Z¯¶§uyYu%3 ¶À¸c¶]…ZˆdsYb¿Z²¿Y{Y¾„t]²À´$°· v´§¾¯ª°—yZ§ bYµvƒ¶WYyY±Yz]yZ§¾¿Z°´·Yy±Yº´—¶]…ºˆs²¿Y

٤ KWWSZZZEXVLQHVVSODQVFRXN

\«Z¯²¿Y{Y¾sz] bYµvƒ¶WYyY%3 ¶]–kYy½vÀ ¯¹ •º´d¯\«Z¯b¿Z²¿Yyu

½Z·%3 yY|ŸY­z³¾Ÿz˜¯[Zd§¾Ÿz˜¯%3 ¶À¸c¶]º]z¯½Z·b¿Z¾Ÿz˜¯ {Yv´cyZ^—  ¹ ¾d³zd´¿YaZ¯vs¾ƒ{º¯M½Z·µy¹u¾¨À³¹zd¨«Y

 ž KWWSZZZEXVLQHVVSODQFRP

b¿Z²¿Yyu vƒZ]¾¯%3 ¶]º]z¯½Z·yY|ŸY­z³¹ [Zd§zƒZ³¦¿¶]¢¬˜d¯b¿Z²¿Y

yu½v´°ƒ{yY|¿Yºkµv³z]zƒZ³²¿Y v³Yµvƒ¾Ÿz˜¯b§zƒ²¿YŽºcµvƒz„d´¯½Z¸]Zd§ ½Z·¶´¿|·v¿Z]b¿Z ²¿YaZ¯vs{YµuZ dY½Yz] vƒZ]¾¯%3 ¶]º]z¯\d§z„³¶´À¯{

uº°³bsYuzYyµvƒ²ÀÀ˜c

 ŸKWWSEXVFRORUDGRHGXIDFXOW\ODZUHQFH GRFXPHQWVWHPSODWHVKWP

½Z·‚t]b¿Z²¿Yyu vƒZ]¾¯¹uYz¬§µZ.„³Yu¾´¿zŸMyZ§|§z¯¶]¢¬˜d¯b¿Z²¿Y

½Z·º.«Y{Y¶³º°³v´#²À´$°· v³Y¶dŸz-yYz£fp]uyº¯ª¯Z§yº¶] %3 ¦¿ž¬dt¯ bYµvƒ¶WYyY%3

Ó

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

  KWWSZZZGFHGVWDWHXWXV1$9OLEUDU\E L]XWDKWLWOHKWP

yº¯Y­Zl³Y¾.³º.#b¿Z²¿Yyu vƒZ]¾¯Z¨¿z¯Y½Zcº¿¾d«Z¿Yb«¹u¶]¢¬˜d¯b¿Z²¿Y

•¹zƒ½Yz]%3 ¶À¸c¶]{ZÀ³¶]¶kºcZ]²À]²¿Yyu bYµvƒn¿z„cb«Z¿Y²¿Yyu½yZlc

½yZlc²À³Yº£{Y¾Œ˜] bYµvƒµuy¹Mª¯Z§yº¶]|À³%3 ¦¿¶À¸cµºp³yZ§¹ \€§ vƒZ]¾¯Zcº¿©YyvŸb«¹u¶]º]z¯b¿Z²¿Yyuµvƒ¶WYyY

 ¡KWWSZZZHEXVLQHVVSODQVRIWZDUHFRP

{Y±Yºc¾¯yY|ŸY­z³²¿Yv¿zs½Yz] u{Yuz¾¯%3 ¶À¸cyY|ŸY­z³¦¿¾Ÿz˜¯¶]b¿Z²¿Y

¶§uyYuuºk¹b¿Z²¿Yyu|À³ ½z.¿u½Z·‚t]²À´$°· uYuyZ b¿Z²¿Y¢¿z

bY¶dsYuz%3 ¹ %XVLQHVV ¶´À¯{yu½vÀ ¯½Z·b¿Z¾Ÿz˜¯¶]

 ¢KWWSZZZHODQFHFRPFUISPDLQSRVWMRE SO"WHPSODWHBLG ¤Ÿž ULG ,+3 

½yZlcyº¯Y  ¹ ¶˜ºcb¿z¿v¯½{Yv³YµYyuyº¯yuµy¹Z„¯aZ¯vs¶WYyY¶]b¿Z²¿Y

¹ µuº°³uyY¹Yyuºs½Z·{ZÀ³uºsyZ§¶´À¯{yuaZ—ȏY¶WYyYZ]v³Yºc¾¯z]yZ§ u{Yuz¾¯

v¿Z°³bŸZ¿yuYyyº]|¯¶€R¯±ZZ´ƒyZ§rZ

 £ KWWSHQWUHSUHQHXUVDERXWFRPFVEXVSODQ FRQWHVWVLQGH[KWP

²¿Y{Y¾„t]²À´$°· uyYuz]yu¾˜¯Zk\«Z¯¾´¿zŸMyZ§…ºˆsyub¿Z²¿Y

²¿Y½Z·‚t]z.¿u bYµvƒ¶WYyYªˆ ¯yº¶]¶§bY %3 ¶À¸c¶]º]z¯\«Z¯ Ô

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

Z·µ{Zc¹ yZ^sY¹  ¹ ±Z´§yZ§yº¯Yb¿z¿v¯¾]Z¿yY{Z]v´³Z¯ayZlc¶]º]z¯yº¯Y¶]b¿Z uyYu…ZˆdsY

 ¤ KWWSZZZJURZWKLQNFRPIODVKIODVKBIUDP HVHWKWP

¾d˜´‡ ½yZlc½Z·mz¶À¸c…ºˆsyuµy¹Z„¯b§zƒ¦¿¶]¢¬˜d¯b¿Z²¿Y

²¿Y bYµuz§¶À¸caZ€R¯¹ Z·b§zƒ½Yz]mz ÎÏÒ {Y‚À]±º´§Zc¶§bY

¹ ±YyYx-¶¿Z¯z Z] aZZ^cyY ½yZlc ½&cYzdY yY{Z] yu ¢À¤pc ¶´À¯{ yu b§zƒ

v·u¾¯¶WYyYaZ¯vs½yYx-¶¿Z¯zaZZ^cyY½{Zv´d€¯

 ¥KWWSZZZKMYHQWXUHVFRP

¢À¤pc%3 ¶À¸cµy¹Z„¯…ºˆsyu¾¬¬°«Y²À]b§zƒ¦¿µy¹Z„¯aZ¯vsb¿Z²¿Y

v´§¾¯¾Ÿz˜¯YyyY{Z]½&cYzdY¹ ¶À«¹Y¶¿Z¯z¶À¸cyY{Z]yu

 ¦ KWWSZZZKRPHEXVLQHVVWN

²À´$°· bYµvƒ¶WYyYyZ§¹ \€§¦¿½{Yv³YµYy ¶]–kYy¾^«Z¯b¿Z²¿Yyu

µvƒ¶WYyY½yZlcyº¯Yyub§yZ„¯¹ ½{Yv³YµYy½Yz]uYzŸY‚l´…ºˆsyu¾¿Z¸d€c bY

 § KWWSZZZLFRGHFRP

Õ

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

½Yz] u{Yuz¾¯¾³Z-y{Z]¹ ½yZlcyº¯Y…ºˆsyu¾¿Z·yY|ŸY­z³¾Ÿz˜¯¶]b¿Z²¿Y

uº°³yZ ¶]­Yv£Yb¿Z²¿Y¢¿z{Y±Yºc¾¯Z·yY|ŸY­z³²¿Y¶À¸c

¡ž KWWSZZZLQFFRP

yu½vÀ ¯aZ—ȏYª¯Zƒ²À´$°·b¿Z bYµvƒ¾Ÿz˜¯,QF ¶¬l¯b¿Z²¿Yyu

ayZlcyub³zd´¿Yuz]yZ§¾¨À³¹zd¨«YayZlcv´³Z¯¾³Z-y{Z]¹ ½yZlcž¬dt¯½Z·¶´À¯{

uyYu  ¹ %3 ¶À¸c¾³Z€³Y–]Z´¯±vƒ¾³Z¸k¹zŸ

¡ŸKWWSZZZLQWHUQDOEXVLQHVVSODQVFRXN

yº„§yu¾¬sYu½Z·%3 ¶´À¯{yu¶§0LOOHU ²¿y¹Z„¯¶€R¯¾Ÿz˜¯¶]b¿Z²¿Y

½z.¿uaZ—ȏYµYz°·¶]%3 ¶À¸c¹yb¿Z²¿Yyu u{Yuz¾¯v´§¾¯bÀ«Z˜Ÿ±Zd€¬.³Y yº„§²À³Yº£¹ Ž¿Yzƒ¶]¶kºcZ]aZ—ȏY²¿Y¶§bYz§w¶]­{Ç bYµvƒ¶WYyY

bYµvƒ®·YzŸ±Zd€¬.³Y

¡ KWWSZZZMLDQFRPZRUNVKRSLQGH[KWP

aZ—ȏYb¿Z²¿Yyu vƒZ]¾¯-,$17RGV)RU6DOHV b§zƒ¶]¢¬˜d¯b¿Z²¿Y

²¿Y :RUNVKRS ‚t]yu bYµvƒ½y¹Muz-½yZlcž¬dt¯½Z·¶´À¯{yu½vÀ ¯ ªÀˆ c¶]±Mž¬dt¯½Z·b°€£¹ %3 ¶À¸c¾.³º.#%3 ¶À¸cª¬—…ºˆsyub¿Z

b¿Z²¿Yyuv³¹y¾¯yZ¨]%3 ¶À¸c½Yz]¶§¾¿Z·yY|ŸY­z³²À´$°· bYµvƒµuYunÀ‹ºc

bYµvƒ¶dƒYx-¹zŸ‰z˜¯yu

Ö

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

¡¡KWWSZZZNH\EXVLQHVVSODQVFRP

‚t] uyYuuºk¹ %3 ¶À¸cuyº¯yu¾¬§ayºˆ]½zˆdt¯aZ—ȏYb¿Z²¿Yyu

uyYu…ZˆdsYyY|ŸY­z³¹zŸ¹ y¹uµYy{Y½Yµy¹Z„¯aZ¯vs¶WYyY¶]b¿Z²¿Yµv°—

¡¢KWWSOHJDONLWVWRUHFRPEXVLQHVVWLWOHV EL]SODQKWPO

yu µuZ dYb¸k%XVLQHVV3ODQ.LW ±Yº´—bpc%3 ¶À¸c½º.«Y¦¿b¿Z²¿Yyu

GRZQORDG Yy±M±Yºc¾¯¶º]z¯¶´¿|·bsYuzZ]¶§uyYuyYz£½yZlc½Z·mz¶À¸c

uz§

¡£KWWSZZZPDUNHWUHPDUNVFRPGHSDUWPHQWV SURGXFWLYLW\FHQWHUVKWPO

¾«Z¯½Z·mz¾d¿z¿v¯½Z·mz%3 ¶À¸c¶´À¯{yu¾—º´d¯aZ—ȏYb¿Z²¿Yyu

uyYuyYz£}zduyu%3 ¶]º]z¯\d§¾Ÿz˜¯¾ƒ¹zŸ½Z·yY|ŸY­z³¾oYzyY|]Y

¡¤KWWSZZZPRUHEXVLQHVVFRP

±Mb¿z¿v¯yZ§¹ \€§¦¿ •¹zƒ¾.³º.#¶´À¯{yu¾^«Z¯¶WYyY¶]b¿Z²¿Y

Z·µ{Zc¹ yZ^sY¶]¾¿Z·‚t]²À´$°· bY¶dsYuz  ¹ ¾]Z¿yY{Z]aZ¯vs¹ aYvÀ«ºc

uyYu…ZˆdsY±Z.¿Yy¶¬l¯¦¿¥YzdƒY¹ ¾.d ·²¿¹Z´—

¡¥KWWSZZZP\EXVLQHVVDQDO\VWFRP

ÎÍ

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

½yZlc½Z·%3 ¶À¸c¹ ayZlc…ºˆsyu½Yµy¹Z„¯¶€R¯¦¿¶]¢¬˜d¯b¿Z²¿Y

ayºˆ]a¹Z d¯½Z· %3 ¶À¸c½Z·Z°´·YyªÀ^£{Yb¿Z²¿Yyuuºkº¯aZ—ȏY bY

uzÀ-¾¯yYz£±Z-v´´§¶˜kYz¯yZÀdsYyu¾ƒ¹zŸ

¡¦KWWSZZZQHWD[VFRPaESV

½yZ§¶´À¯{¹ µv¿Y¶WYyYZ]±Yºc¾¯ vƒZ]¾¯%3 ¶‹z—ªp¯¦¿b¤À¤oyub¿Z ²¿Y

²¿Y uº°³bŸZ¿yu½yZlcmz¶º]z¯¶´¿|·bsYuzLY{Yyu¹ uYuyZ Yy%3 ¦¿¶À¸c

v´§¾¯bÀ«Z˜Ÿ¶´À¯{²¿YyuÎÖÖÒ ©Z{Y¶€R¯

¡§KWWSZZZQWLDGRFJRYRSDGKRPHPWGSZHE EXVSODQRKWP

²¿Y{Y¾„t]yu vƒZ]¾¯Z¨¿z¯YaZ—ȏY¹ aZZ^cyY¾¬¯±Z¯{Z¶]¢¬˜d¯b¿Z²¿Y

uyº¯yub¿Z²¿Yz.¿u½Z·‚t] bYµvƒ¶WYyY%3 ¶À¸cuyº¯yu¾¬§mz¦¿b¿Z

v·u¾¯nÀ‹ºc  ¹ yZ^sY±MaYyZ„d³Y±Z¯{Z

¢žKWWSZZZSDVZDUHFRP

±Yz]yZ§ u{Yuz¾¯½yZlc½Z·mz¶]º]z¯\d§¹ yY|ŸY­z³ ¾Ÿz˜¯ ¶] b¿Z ²¿Y

v´¿Z°´]yY|ŸY­z³v¿zs¶]­Yv£YyZ b^gZ]v´³Yºc¾¯

ÎÎ

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

¢ŸKWWSZZZSODQLJHQWFRP

¹ ¶À¸cyº”´¯¶]Z¨¿z¯Y3ODQLJHQW ¶€R¯½Yµy¹Z„¯aZ¯vs…ºˆsyub¿Z²¿Y

¶º]z¯¶k¹bsYuzZ]¶€R¯²¿Y½Yµy¹Z„¯aZ¯vs vƒZ]¾¯½yZlc½Z·mz½z.³{Z]

bYbŸZ¿yuª]Z£

¢ KWWSZZZSODQPDJLFFRP

bÀ«Z˜Ÿ%3 ¶À¸c¹ ½yZlc½Z·yY|ŸY­z³¶À¸c¶´À¯{yu¶§bY¾d§zƒ3ODQPDJLF

¶WYyYYyuºs½Yµy¹Z„¯aZ¯vs¹ aǺˆp¯­Z³²À°·Z]¾d¿Zyub§zƒ²¿Y v´§¾¯

mz ¹ yY{Z] |À«Z³M ½yZlc ½Z·mz ¶À¸c ½Z·¶´À¯{ yu b§zƒ ²¿Y aZ¯vs v·u¾¯ vƒZ]¾¯¾]Z¿yY{Z]

¢¡KWWSZZZSODQZDUHRUJ

¶À¸c½yYv]Z€o¾«Z¯½yZlc½Z·¶´À¯{yuž¬dt¯½Z·yY|ŸY­z³¾Ÿz˜¯¶]b¿Z²¿Y

uyYu…ZˆdsY  ¹ ¾]Z¿yY{Z]%3

¢¢KWWSEXVLQHVVUHDGHUVUHPRWHFRP

yu vƒZ]¾¯aZ—ȏY½YyYu½yZlcfoZ^¯ž¬dt¯½Z·¶´À¯{­Z°cyu>Z^¿z¤cb¿Z²¿Y

¹ b¿z¿v¯¾«Z¯yYº¯Y[Zd§½yYvÀ´ƒ½Z¸]Zd§½yYv]Z€o½yYx-¶¿Z¯z±º#¾¿Z·¶´À¯{

aZ—ȏY½¹Zo  ¹ ¾´¿zŸMyZ§¹ ¦#º§½Z·yZ§¹ \€§¾¬¬°«Y²À]½yYx-¶¿Z¯z½z^·y

vƒZ]¾¯½vÀ ¯

ÎÏ

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

¢£KWWSZZZURQDJKLRUJ

¶]¶¤]Z€¯¦¿¾±Yz¿Yyu¶«Zz·uZÀ´]²¿Y vƒZ]¾¯¾¤³¹yuZÀ´]¶]¢¬˜d¯b¿Z²¿Y

Yv·Y½|¿Yºkuºƒ¾¯†t„¯±Yy¹YubXÀ·ZŒ—YŽºc¶§½yZlc½Z·mz ±Z-v³z]

µZ.„³Yu¾d˜´‡½yZlc½Z·mz¶¤]Z€¯yuYyZ¸³Mmz bÀoȇayº‡yu¹ v´§¾¯ %3 ®À”´c¹ ¶À¸c…ºˆsyu½vÀ ¯aZ—ȏYb¿Z²¿Yyu v·u¾¯b§zƒuyº ³ZdY

bYµvƒ¶WYyY

¢¤KWWSZZZVEDJRY

aZ—ȏYb¿Z²¿Y yu u{Yuz¾¯Z¨¿z¯Y6%$ ±Z¯{Z½Z·bÀ«Z˜Ÿ¾Ÿz˜¯¶]b¿Z²¿Y

¾ƒ{º¯M ½Z¸ȧ ¾d˜´‡ ¹ ½yZlc ½Z·voY¹ ½{Yv³YµYy …ºˆs yu ½v´°ƒ{yY

uzÀ-¾¯yYz£±Yz]yZ§yZÀdsYyu%3 ®À”´c¹ ¶À¸cµºp³uyº¯yu¾ƒ{º¯M½Z·µZ-yZ§

µvƒµuYuyYz£±Yz]yZ§yZÀdsYyu¶§uyYu¾¨À³¹zd¨«Y¶³Zt]Zd§¦¿²À´$°·b¿Z²¿Y

uyYuyYz£±Z-v´´§¶˜kYz¯­Z°cyZÀdsYyu±Z.¿Yyayºˆ]b¿Z²¿Y aZ—ȏY bY

¢¥ KWWSZZZVSULQJERDUGSODQVFRP

±Z´¿zŸMyZ§½Yz]%3 ¶À¸c¶´À¯{yu¾³Zy•ÈY¹ µy¹Z„¯aZ¯vs­Zl³Y¶]b¿Z²¿Y

©ºˆoª]Z£µvƒ¶dŸz-z”³yu½Z·¶´¿|·bsYuz Z]b¿Z²¿YaZ¯vs uyYuayuZ^¯ bY

¢¦ KWWSZZZXNRQOLQHEXVLQHVVJXLGHFRXN

ÎÐ

%XVLQHVV3ODQ ½Z¸d¿Z¾Ÿz˜¯ KWWSZZZMRELUDQFRP

¶À¸c ¹ 60( …ºˆs ¶] ½yZlc ž¬dt¯ ½Z·¶´À¯{ yu ¾¿Z°´·Yy ¶] b¿Z ²¿Y

u{Yuz¾¯±Zd€¬.³Yyu½yZlc½Z·mz

¢§ KWWSZZZXVEXVLQHVVSODQFRP

¶À¸c…ºˆsyuµy¹Z„¯aZ¯vs86%XVLQHVV3ODQ µy¹Z„¯¶€R¯b¿Z²¿Yyu

v´§¾¯¶WYyY½%º«º´¨c¶´À¯{yu½yZlc½Z·mz

£ž KWWSZZZPSODQVFRP

¶]±Mµv°—‚t]¹ µvƒ¶WYyY½yZlc½Z·¶´À¯{yu½zˆdt¯aZ—ȏYb¿Z²¿Y yu

uyYu…ZˆdsY%3 ¶À¸c½Z·yY|ŸY­z³¹ \d§¾Ÿz˜¯

ÎÑ

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

[Zd§¾Ÿz˜¯Ï

µv¿uz-¾Ÿz˜¯%XVLQHVV3ODQ ¶´À¯{yuµvƒz„d´¯\d§{Y½uYv˜c‚t]²¿Yyu

bY

7KH%XVLQHVV3ODQIRUWKH%RG\ -LP.DUDV

7KUHH5LYHUV3UHVV,6%1ÍÓÍÖÕÍÔÑÏÍ $SULOÏÑÍÍÎ

6XFFHVVIXO%XVLQHVV3ODQQLQJLQ¡ž 'D\V$6WHSE\6WHS*XLGHIRU:ULWLQJD %XVLQHVV3ODQDQG6WDUWLQJ
VXOD0HGLD,6%1ÍÖÓÔÕÑÍÏÍÎÎVWHGLWLRQ $XJXVWÏÍÍÍ

7KH6XFFHVVIXO%XVLQHVV3ODQ6HFUHWV DQG6WUDWHJLHV

5KRQGD 0 $EUDPV (XJHQH .OHLQHU

3DSHUEDFN

5XQQLQJ50HGLD,6%1ÍÖÓÓÖÓÐÒÏÍÐUGHGLWLRQ 0DUFKÎÒ

ÏÍÍÍ

2SHQLQJWKH;ER[,QVLGH0LFURVRIW V 3ODQWR8QOHDVKDQ(QWHUWDLQPHQW 5HYROXWLRQ

ÎÒ

[Zd§­Z³

 ±Z- µv´€¿º³

yZ„d³Y©Z ¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z ¹ zƒZ³ [Zd§­Z³

 ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

 ±Z- µv´€¿º³

'HDQ7DNDKDVKL

3ULPD3XEOLVKLQJ,6%1ÍÔÓÎÒÐÔÍÕÏÎVWHGLWLRQ $SULOÏÐ

ÏÍÍÏ

&UHGLW$IWHU%DQNUXSWF\$6WHS%\6WHS $FWLRQ3ODQWR4XLFNDQG/DVWLQJ 5HFRYHU\DIWHU3HUVRQDO%DQNUXSWF\ 6WHSKHQ6Q\GHU

%HOOZHWKHU,QF,6%1ÎÕÖÎÖÑÒÍÍÖ5HSULQWHGLWLRQ

-DQXDU\ÎÏÍÍÍ

7KH2QH3DJH%XVLQHVV3ODQ6WDUW:LWK D9LVLRQ%XLOGD&RPSDQ\ -DPHV7-U+RUDQHWDO

2QH3DJH%XVLQHVV3ODQ&R,6%1ÎÕÖÎÐÎÒÍÔÏÖÍÍÍ HGLWLRQ

0D\ÎÖÖÕ

'LVFRYHUWKH:HDOWK:LWKLQ
+DUSHU&ROOLQV,6%1ÍÍÓÍÍÍÕÐÏÓÎVWHGLWLRQ $SULOÏÏÍÍÏ 

&UHDWLQJDQG,PSOHPHQWLQJ
ÎÓ

yZ„d³Y©Z ¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³

yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

-RKQ0%U\VRQ)DUQXP.$OVWRQ

-RVVH\%DVV,6%1ÍÔÕÔÖÍÎÑÏÐ 2FWREHUÎÖÖÒ

6R
0RVE\*UHDW3HUIRUPDQFH,6%1ÍÖÑÐÎÐÒÒÐÏ -DQXDU\

ÎÖÖÑ

,PSOHPHQWLQJ
$0$&20,6%1ÍÕÎÑÑÍÐÖÑÕ 'HFHPEHUÎÎÖÖÕ

7KH'HILQLWLYH%XVLQHVV3ODQ7KH)DVW 7UDFNWR,QWHOOLJHQW%XVLQHVV3ODQQLQJ IRU$OO([HFXWLYHVDQG(QWUHSUHQHXUV 5LFKDUG6WXWHO\

)LQDQFLDO7LPHV3UHQWLFH+DOO,6%1ÍÏÔÐÓÒÖÏÎÖÏQG

HGLWLRQ $SULOÐÍÏÍÍÏ

6WUDWHJLF&RPPXQLFDWLRQVIRU1RQSURILW 2UJDQL]DWLRQV6HYHQ6WHSVWR&UHDWLQJ D6XFFHVVIXO3ODQ 1RQSURILW/DZ )LQDQFHDQG0DQDJHPHQW6HULHV

ÎÔ

 ±Z- µv´€¿º³

yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

 ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³

yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

 ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

 ±Z- µv´€¿º³

-DQHO05DGWNH

-RKQ:LOH\ 6RQV,6%1ÍÑÔÎÎÔÑÓÑÒ%N 'LVNHGLWLRQ

$SULOÎÖÖÕ

5HWLUH(DUO\²$QG/LYHWKH/LIH
yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³

yZ„d³Y©Z¹ zƒZ³

,6%1%ÍÍÍÍÓÑÒ;Î -DQXDU\ÏÍÍÍ

$V6LFN$V,W*HWV7KH6KRFNLQJ5HDOLW\ RI$PHULFD V+HDOWKFDUH$'LDJQRVLV DQG7UHDWPHQW3ODQ 5XGROSK-0XHOOHU

2OLQ)UHGHULFN,QF,6%1ÍÖÓÔÏÐÒÔÕÏ 1RYHPEHUÏÓÏÍÍÎ

7KH*XLGHWR5HWDLO%XVLQHVV3ODQQLQJ 7KH&RPSOHWH+DQGERRNIRU&UHDWLQJD :LQQLQJ3ODQIRU$Q\5HWDLO%XVLQHVV :DUUHQ*3XUG\

,QF3XE,6%1ÎÕÕÍÐÖÑÐÎÓ -XQHÎÎÖÖÕ

8SDQG5XQQLQJLQ¡ž 'D\V$3URYHQ 3ODQIRU)LQDQFLDO6XFFHVVLQ5HDO(VWDWH &DUOD&URVV

'HDUERUQ3XEOLVKLQJ,6%1ÍÔÖÐÎÑÑÕÒ;ÏQGHGLWLRQ -XQH

ÏÍÍÎ

ÎÕ

[Zd§­Z³  ±Z- µv´€¿º³

yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

 ±Z- µv´€¿º³

yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

 ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

&XUUHQW3UDFWLFHVLQ6WRFN2SWLRQ3ODQ 'HVLJQ

&RUH\ 5RVHQ (G &DUEHUU\ 6FRWW 5RGULFN5\DQ:HHGHQ

1DWLRQDO&HQWHUIRU(PSOR\HH2ZQHUVKLS,6%1

ÍÖÏÓÖÍÏÔÎÔ $SULOÐÍÏÍÍÎ

.HHSLQJWKH)DPLO\%XVLQHVV+HDOWK\ +RZWR3ODQIRU&RQWLQXLQJ*URZWK 3URILWDELOLW\DQG)DPLO\/HDGHUVKLS -RVVH\%DVV0DQDJHPHQW6HULHV -RKQ/:DUG

%XVLQHVV2ZQHU5HVRXUFHV,6%1ÎÒÒÒÑÏÍÏÓÒÎ HGLWLRQ

-DQXDU\ÎÖÕÔ

:LQQLQJ(YHU\'D\7KH*DPH3ODQIRU 6XFFHVV /RX+ROW]+DUYH\0DF.D\

+DUSHUEXVLQHVV,6%1ÍÕÕÔÐÍÖÒÐÑÎ +DUSHUHGLWLRQ

6HSWHPEHUÎÖÖÖ

7KH*(:D\)LHOGERRN-DFN:HOFK V %DWWOH3ODQIRU&RUSRUDWH5HYROXWLRQ 5REHUW6ODWHU

ÎÖ

[Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

0F*UDZ+LOO7H[W,6%1ÍÍÔÎÐÒÑÕÎÓÎVWHGLWLRQ

yZ„d³Y©Z¹ zƒZ³

1RYHPEHUÏÐÎÖÖÖ

0DUNHWLQJ,QVWLWXWLRQDO0RQH\ 0DQDJHPHQW6HUYLFHV0HHWLQJWKH 1HHGVRI7RGD\ V3ODQ6SRQVRUVDQG &RUSRUDWH7UHDVXUHUV 3KLOLS+DOSHUQ

0F*UDZ+LOO3URIHVVLRQDO3XEOLVKLQJ,6%1ÎÒÒÔÐÕÕÒÖÕ

6HSWHPEHUÎÎÖÖÒ

6WUDWHJLF3ODQQLQJIRU1RQSURILW 2UJDQL]DWLRQV$3UDFWLFDO*XLGHDQG :RUNERRN

0LFKDHO$OOLVRQ-XGH.D\H-XG\.D\H

-XGH.D\

[Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³

-RKQ:LOH\ 6RQV,6%1ÍÑÔÎÎÔÕÐÏÏ%N 'LVNHGLWLRQ

yZ„d³Y©Z¹ zƒZ³

6LPSOLILHG6WUDWHJLF3ODQQLQJ$1R 1RQVHQVH*XLGHIRU%XV\3HRSOH:KR :DQW5HVXOWV)DVW

[Zd§­Z³

-XO\ÎÑÎÖÖÔ

5REHUW : %UDGIRUG - 3HWHU 'XQFDQ

3HWHU

'XQFDQ

&RQWULEXWRU

%ULDQ

7DUF\

&KDQGOHU+RXVH3UHVV,6%1ÎÕÕÓÏÕÑÑÓÓ 6HSWHPEHUÎÖÖÖ

ÏÍ

 ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

$SSOLHG6WUDWHJLF3ODQQLQJ+RZWR 'HYHORSD3ODQ7KDW5HDOO\:RUNV

/HRQDUG *RRGVWHLQ 7LPRWK\ 1RODQ

&RQWULEXWRU -:LOOLDP3IHLIIHU

0F*UDZ+LOO3URIHVVLRQDO3XEOLVKLQJ,6%1ÍÍÔÍÏÑÍÏÍÒ

-XQHÎÎÖÖÐ

[Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

6WUDWHJLF3ODQQLQJ

 ±Z- µv´€¿º³

*HRUJH$OEHUW6WHLQHU

)UHH3UHVV,6%1ÍÓÕÑÕÐÏÑÒÐÎVWHGLWLRQ 0D\ÎÖÖÔ

7KH6XFFHVVIXO%XVLQHVV3ODQ6HFUHWV DQG6WUDWHJLHV 5KRQGD0$EUDPV(XJHQH.OHLQHU

5XQQLQJ50HGLD,6%1ÍÖÓÓÖÓÐÒÏÍÐUGHGLWLRQ 0DUFKÎÒ

ÏÍÍÍ

-./DVVHU V
-RKQ:LOH\ 6RQV,6%1ÍÑÔÎÑÎÎÏÑÕÎ HGLWLRQ $SULOÎÐ

ÏÍÍÎ

ÏÎ

yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

 ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³

%XVLQHVV3ODQ ½Z¸]Zd§¾Ÿz˜¯ KWWSZZZMRELUDQFRP

7KH6XFFHVVIXO0DUNHWLQJ3ODQ$ 'LVFLSOLQHGDQG&RPSUHKHQVLYH $SSURDFK

5RPDQ * +LHELQJ 6FRWW : &RRSHU

&RQWULEXWRU

0F*UDZ+LOO 17&,6%1ÍÕÑÑÏÐÏÍÐÐÏQGHGLWLRQ

-DQXDU\ÎÎÎÖÖÔ

7HDP%DVHG6WUDWHJLF3ODQQLQJ$ &RPSOHWH*XLGHWR6WUXFWXULQJ )DFLOLWDWLQJDQG,PSOHPHQWLQJWKH 3URFHVV &'DYLV)RJJ

$0$&20,6%1ÍÕÎÑÑÒÎÏÔÓ -XO\ÎÎÖÖÑ

6WUDWHJLF7KLQNLQJ 6HFRQG(GLWLRQ 7KH §6WHS$SSURDFKWR6WUDWHJLF3ODQQLQJ 6LPRQ:RRWWRQ7HUU\+RUQH

.RJDQ3DJH/WG,6%1ÍÔÑÖÑÐÏÎÕÔ%N &G5RPHGLWLRQ

-XQHÏÍÍÏ

ÏÏ

[Zd§­Z³  ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³  ±Z- µv´€¿º³

yZ„d³Y©Z¹ zƒZ³ [Zd§­Z³

 ±Z- µv´€¿º³ yZ„d³Y©Z¹ zƒZ³

Related Documents

Business Plan 3
November 2019 11
Business Plan
November 2019 33
Business Plan
July 2020 21
Business Plan
June 2020 22