Presenter: Kiritharan Thavarajah

1. Venture Practicum Presentation Presenter: KiritharanThavarajah

2. AGENDA: Introduction of ME and the Business Purpose of the practicum Reason for the choice Activities Performed Project Scope Methodology Challenges faced and solutions What is the final outcome What I learned How to promote the business Future Plans Presenter: KiritharanThavarajah

3. INTRODUCTION Business Me • Convenience Store • Retail License • Lotto & Cigarettes • Confection, Drinks • Grocery & Convenience • Perfect Location • Existing Customers • Brand Recognition • Endless Possibilities • Lots of Space • Perfect Site • Low Investment • One man operation • Entrepreneurship Student • Business background • Customer Service • Experience • Interest • Vision • Supported • Academic skills • Communication Skills • Relationship Skills • Dedicated • Disciplined Presenter: KiritharanThavarajah

4. PURPOSE To create a turnkey operation package to start and operate a convenience store from scratch. Interim Products: -Contacts - Application forms -Product & Service list - Steps to starting a retail business -Rough Notes - Training Manual - Supplier List - Promotion Ideas - How to floor plan - How to order Presenter: KiritharanThavarajah

5. Reason for Choice Promising Opportunity One Man Operation Low Investment Experience Endless Opportunity Apply Academic Skills Possibility for expansion Presenter: KiritharanThavarajah

6. Activities Performed • Registering • Lease agreement • Phone & Internet Connection • Stock & Count inventory • Set-up all the service • Open the Store • Advertise • Train employees • Track sales and inventory • Fix Bugs Presenter: KiritharanThavarajah

7. Project Scope Don`t Do • Provide Support • Bridge with Suppliers • Create documentation • Audit • Feedback • Free of Charge • A lot of time till Open • Work as Employee • Start Relationship • Give time after Open • Ordering • Get Share Presenter: KiritharanThavarajah

8. Methodology Brainstorming • Present a problem or opportunity • Get inputs from Team • Outside Sources • I make the decision • Use Devil`s Advocate • Get everyone involved • Documentation & Amendment • Choose the best solution Presenter: KiritharanThavarajah

9. Challenges & Solutions • Challenges: • Getting the AGCO approval on time • Getting Assistance from Representative • Getting hold and completing account set-ups • Solutions: • Keep in touch and waited • We did the work ourselves and not wait • Continuous call back and speaking to other department Presenter: KiritharanThavarajah

10. Final Outcome • Up and Running Daisy Mart within a Month • Documented Information for easy start-up of another store • Tremendous Experience • Many contacts Presenter: KiritharanThavarajah

11. What I learned Every Business Needs a Plan Documentation is a Gift and Asset POS Computer Technology is a MUST Organization and Time management is vital to business There are various ways to finance inventory Presenter: KiritharanThavarajah

12. How to Promote Flyers & Mobile Signs Out Bound Marketing In-Store Promotions Social Media Presenter: KiritharanThavarajah

13. Future Plans Convenient Department Store Use excess space to cater demographic need Branded department products Conversion & Franchise Increase Revenue stream – ex Western Union Create a business model franchising Reduce cost through Bulk Buy Revolutionize the retail Industry Presenter: KiritharanThavarajah

14. Presenter: KiritharanThavarajah THANK YOU !