

Enterprise & Entrepreneurship
Project Plan
Name of Enterprise
Urbanize It
Student Names
Leonard Onikoyi – Project Manager & Financial Manager
Shuhel Ahmed – Branding & Marketing Manager
Summary of Enterprise
The purpose of our enterprise is to sell specially designed t-shirts. The name of our t-shirt is called ‘Urbanize it’. This will be the name of our brand as well as the company. The reason why we decided on this business plan is because we want to expose and promote a t-shirt brand that we feel can offer something different and unique. The designs of the t-shirts will be urban and street style with a little bit of a techno and funk vibe added to it. The name of our brand will be the main logo as well the catalyst of what we are trying to promote and sell.
Measurable aims of Enterprise
Self Promotion of t-shirts – Online exposure via social networking sites like Facebook and Myspace.
Sell initially 12 t-shirts – Consisting of 3 three different designs. Male/female/Unisex and will amount to 4 t-shirts between the genders.
Keep within the minimum budget and try and reach maximum profit from sales.
Target Market
Our consumer target age will be between 16 to 30 years old. Specifically focusing on people from a student background as well as people who have interest in urban, grime, hip-hop and R&B music as well as art in the form of graffiti.
Promotion Strategy and Partnership
For promotion strategy we intend to promote our brand and product online through social networking sites such as Facebook and Myspace. We will also be promoting and selling the t-shirts through bidding websites like Ebay. This will give us plenty of exposure since the Internet is a valuable and resourceful outlet for a more quicker and widespread awareness.
Action Plan
Budget
The minimum budget for our t-shirts will be £100 and the maximum £200.
The budget will be spent on acquiring the necessary tools and materials to create the t-shirts. Here is the list below of what we will need and how much it will cost.
Exit Strategy / Risk Management
The worst-case scenario is that we may not be able to shift and sell the t-shirts. And if we do manage to sell the t-shirts then there is a high possibility that we may not make a profit considering the fragile economic climate. If that happens where we are unable to make profit or sell the t-shirts within the time we have then its something we can continue within our own independent time, outside of the university and the actual assignment itself.