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Description:
1- Scope of Work:
The consultant will be responsible for conducting a comprehensive Business Plan covering the following areas:
Market Research:
o Analyzing the marketplace to identify demand, competition, and potential customers.
o Assessing market trends, growth potential, and anticipated changes that may impact the proposed facility.
o Identifying target market segments, their preferences, and needs.
o Conducting surveys, interviews, and other data collection methods to gather market insights.
Financial Projections:
o Developing comprehensive financial projections for the proposed facility, including capital investment, operating costs, and revenue forecasts.
o Conducting a cost-benefit analysis to determine the financial viability of the project.
o Assessing the potential return on investment (ROI) and conducting sensitivity analysis to evaluate various scenarios.
o Breakeven analysis
o Sensitivity analysis
o Cash flow analysis
o Profit & loss account for 2 years
o Calculating variable expenses
Risk Analysis:
o Identifying and evaluating potential risks and uncertainties associated with the proposed facility.
o Assessing risks related to market conditions, competition, regulatory changes, project delays, cost overruns, and other factors.
o Developing risk mitigation strategies and recommend contingency plans.
o Conducting a comprehensive analysis of the social and financial impacts of the proposed project.
o Identifying potential financial risks associated with the project.
2- Deliverables:
The consultant will be expected to deliver the following:
o A detailed report summarizing the findings of the Business Plan.
o Analysis of the market research, financial projections, and risk assessment.
o Evaluation of the viability and potential risks of the proposed facility.
o Recommendations for the client’s informed decision-making.
3- Timeline:
The estimated timeline for the business plan is two weeks. The timeline is subject to adjustment based on project requirements and mutual agreement.
4- Consultant Qualifications:
o The consultant should possess the following qualifications and experience:
o Demonstrated expertise in preparing business plans for transportation-related products/businesses.
o Strong analytical skills and experience in market research, financial analysis, and risk assessment.
o The consultant should have access to sources of reliable data in this sector and has knowledge and experience of the taxi and Uber business in Dubai.
o Excellent communication and report-writing skills.
o Ability to work collaboratively with stakeholders and adapt to their needs.
5- Reporting and Communication:
The consultant will provide regular progress updates to the client and maintain open communication throughout the study including any significant findings or issues.
