International Business Plan

International Business Plan – IMPORT Term Project

Submit: a) PowerPoint Presentation (at least 10 slides) and b) 4 page typed paper

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1 -Introduction:

· Describe your a) company, b) project plan, c) position (title) in the company, etc. Make up a company name; do not use the name of an existing company.

2 – Product Description:

· List specific details about your product: i.e., color, size, components that it is made from, etc.

· Submit a visual representation of your product

· Advise on a) the volume (quantity) that you will import and b) cost from supplier

· Provide the product’s a) HTSUS and b) Import Duty Rate

· Describe the U.S. requirements/restrictions (if any) on importing the product from your selected country.

3 – Country of Product’s Manufacture:

· Provide information about why you decided to import from that country: i.e., inexpensive labor, special U.S. duty rates for your specific product, etc.

· Describe the a) political, b) economic and c) cultural aspects of the country

4 – Customer/target market Description:

· Briefly list their a) demographics and b) psychographics

· Briefly discuss your Advertising/Marketing Plans to capture this market

5 – Selected Customs Broker:

· Summarize their history

· Amount of years in business

· Their specialization (i.e., if you’re importing footwear, don’t select a broker who specializes in food)

· Number of employees, etc.

· What is the approximate cost you expect them to charge you?

6 – Selected Freight Forwarder:

· Summarize their history: i.e., a) amount of years in business, b) specialization, c) number of employees, etc.

· What is the approximate cost you expect them to charge you?

7 – Creation of Import Documentation:

· a) Commercial Invoice and b) Import Entry

8 – Profit:

· Discuss how much profit do you expect to make:

(i.e., cost from supplier x quantity x U.S. duty rate + FF cost of transportation + Customs Broker cost to clear your goods + marketing expenses – your sales price = estimated profit)

9 – Conclusion:

· Recap of your Business Plan, highlighting the main issues