Everybody’s Talking about BUSINESS PLAN


ASK the EXPERTS

Eng KimSan, Associate Dean and Professor for Small and Medium Enterprises and Marketing of Faculty of Business and Economics of Pannasatra University of Cambodia

Eng Kimsan

Eng Kimsan

“Having a plan in hand, as abusinessman, is important because it is aroad map, guiding and directing you whereto go and what to achieve in the business.This plan really can help you achieve yourgoals, fulfilling your dream/vision. It is likethe statement made by Prof Eng Kimsanthat “Vision without action is like a daydream”,but “Action without vision is like anightmare”; therefore, it is necessary for anybusinessman to develop a business planbefore entering a real life business. In thisregard, a business plan can show you theentire layout of the business operation andits core elements, structures and themanagement system and strategies that youhave to undertake to succeed in yourbusiness goals and objectives even short,medium or long term.”

WE SPEAK

The top three finishers in ANZ’s second annual business plan competition talk about their ideas

Heng Tokyo

Heng Tokyo / by: Koam Tivea

Heng Tokyo, 23

Buz Plan: The CAMMEAT Shop

“My business plan is to open a meat store.Nowadays, people go to the market when they want to buybeef, pork or other meats and mostly they have to wake upearly in the morning; otherwise, sellers will run out and youwill be forced to buy low-quality products.My plan is to open a modern meat store that will beequipped with air conditioners to store meat in idealcondition just like I have studied. We will be open from 6amuntil 9pm. We also have discount or promotions.”

Phlek Mealea

Phlek Mealea / by: Koam Tivea

Phlek Mealea, 23

Buz plan: Twinkle Child Care Center

“The Twinkle Child Care Centre, which cares forchildren from three months to six years old, is my businessplan because I think that when people become busier, theywon’t have time to look after their children. So, if we runthis business, we can reduce a lot of their concerns and wealso can make a lot of profit because currently, there arenot many places that offer these services.”

 

Ung Keang Cheang, 19

Ung Keangcheang

Ung Keangcheang / by: Koam Tivea

Buz plan: The Student Memory Tour

“I decided to plan the Student Memory Tour as mybusiness because I see improvements in this sector, especiallyamong students. I have also developed a very creative strategythat will allow me to capitalise on the current demand and beatout all of my competitors.I also urge other people to think of an idea of making a businessplan related to energy that we can derive from the sun, the airand wave so that we can get rid of something that can be affectedto the environment.”

 

by: Dara Saoyuth
This article was published on Lift, Issue 44 published on November 10, 2010
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About Saoyuth

A graduate in Media Management with experiences working as a reporter with local and international news institutions, a multimedia team leader and a TV Producer for a LIVE News Show. Currently, I am a freelance video maker and social media consultant.

Posted on November 10, 2010, in LIFT and tagged , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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