Business Plan
Market Analysis
Our biosensor is an innovative solution for implementation as a startup. First of all, we plan to enter the Kazakhstani market. We have conducted a thorough analysis of the cosmetics market in Kazakhstan and prepared an article on this topic for publication in the future. The conditions of this market, the absence of direct competitors, and the cost savings due to the location were the main factors in our choice.
Financial Projections
Our pilot month involves the production and sale of 200 devices. According to our calculations:
- Net Income: $52,170.09
- Investment Costs: $7,640
- Profit Margin: Strong positive return on investment
Expansion Strategy
We plan to expand to foreign markets after our success in the domestic market. Our phased approach includes:
- Phase 1: Establish presence in Kazakhstan and prove market viability
- Phase 2: Expand to Central Asian markets with similar regulatory environments
- Phase 3: Enter international markets with established cosmetic safety concerns