|Current Status||Concept / Business Plan|
|Funding Required||RM300,000 or less|
|Description||In order to accomplish our purposes, we specify on selling headscarves or better known as tudung because we believe that this item is the one item that completes your outfit. We will only support local brand from malaysia artist since most of them are well known and we need not to do extra advertising like most online store. We might be selling more than just headscarves in the future but for now we will only aim for the main purpose. Other than that, we will provide accessories that add up to that “wow” look which is brooches. The best thing about brooches is that it is suitable to be worn on any garments. We offer high quality products at affordable price ranges with special offers from time to time.|
|Business Opportunity||We wilk be focus on local artist brand which make it easier for us to market our website. Different artist have their own fans and followers which make the market is bigger than usual. There will be competitors as they might already their own stokist but stokist will usually sell one product but at The T’s we will be selling variety types of product from different artist in Malaysia. At the moment we are aiming to market 30 malaysian artist products.|
|Revenue / Business Model||We will buy products from a company by bundle which let us gain more profit margin if we buy them in a large quantity. Prices, photos, models are all given by the company so we could save money on that and focus more on advertising our website.|
|Management Team||1st person – will be in charge in marketing strategy, managing warehouse and products, keeping good services with customers and distributors.
2nd person – will be in charge in website layout design, bugs or any online system problem. Updating website and attend meetings with customer (if necessary) and distributors.
3rd person – manage orders and deliver to customer.
4th person – manage orders and deliver to customer.
|Company Background||We plan to start the business as soon as we get an investor, so we could start taking products from local company and in the meantime start designing a website.
We aim to start a profit by rm10k minimum monthly and goes up to 50k in year.
|Funding Milestone||We will be required rm150k fir start to buy product by bundle, get a warehouse to keep the product and to pay salary for the 4 persons.|
|% Equity Allocation||3%|
|Risks and Mitigation||This is a high risk investment as we know headscarves a widely sell in around malaysia. But we at The T’s believe that with hard work and effort, we will succeed as long as we don’t give up. Futhermore, we will be the only online store that sells local artist headscarves and most of Malaysian artist, they have their own headscarves brand which make it easy for us to get a distributors.|
|Exit Strategies||When the company did not make any profit for a year.|
|Company Name||The T’s|
|Business Address||Petaling Jaya, selangor|
|Contact Person||Nur Farah Ajis|