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We took into consideration important business factors like the following: ! ! ! !
Business structure & community involvement Market size (large for the automobile industry) Sensitivity analysis (SWOT Analysis) Extraction & operating cost
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Our business plan could not exactly identify the cost of production and transportation because of a lack of concrete information available to us. SWOT Analysis (marketingteacher.com), is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective.
STRENGTHS OF THE BUSINESS PLAN ! ! ! ! !
High yielding nature of the bacteria species Cradle to cradle design Availability of bacteria Availability of capital Already available markets for expansion
WEAKNESS OF THE BUSINESS PLAN ! Culturing bacteria that is potentially useless for other purposes OPPURTUNITIES OF THE BUSINESS PLAN: ! Employment ! BIODIESEL providing efficient car usage compared to fossil fuels ! Providing an alternative to crops that are currently being used to produce biodiesel THREATS TO THE BUSINESS PLAN: ! Unavailability of bacteria ! Culturing bacteria that is not useful for other purposes ! Distribution costs of transportation from manufacturing units to retail and distribution centers (distance from field to outlets)
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