Everybody's talking about business plans

Everybody's talking about business plans

Associate Dean and Professor for Small and Medium Enterprises and Marketing of Faculty of Business and Economics of Pannasastra University of Cambodia

Having a plan in hand, as a businessman, is important because it is a road map, guiding and directing you where to go and what to achieve in the business. This plan really can help you achieve your goals, fulfilling your dream/vision. It is like the statement made by Prof Eng Kimsan that “Vision without action is like a day-dream”, but “Action without vision is like a nightmare”; therefore, it is necessary for any businessman to develop a business plan before entering a real life business. In this regard, a business plan can show you the entire layout of the business operation and its core elements, structures and the management system and strategies that you have to undertake to succeed in your business goals and objectives even short, medium or long term.”

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

Heng Tokyo, 23
Biz plan: The CAMMEAT SHOP

My business plan is to open a meat store. Nowadays, people go to the market when they want to buy beef, pork or other meats and mostly they have to wake up early in the morning; otherwise, sellers will run out and you will be forced to buy low-quality products.
My plan is to open a modern meat store that will be equipped with air conditioners to store meat in ideal condition just like I have studied. We will be open from 6am until 9pm. We also have discount or promotions.

Phlek Mealea, 23
Biz plan: Twinkle Child Care Center

The Twinkle Child Care Centre, which cares for children from three months to six years old, is my business plan because I think that when people become busier, they won’t have time to look after their children. So, if we run this business, we can reduce a lot of their concerns and we also can make a lot of profit because currently, there are not many places that offer these services.

Ung Keang Cheang, 19
Biz plan: The Student Memory Tour

I decided to plan the Student Memory Tour as my business because I see improvements in this sector, especially among students. I have also developed a very creative strategy that will allow me to capitalise on the current demand and beat out all of my competitors.
I also urge other people to think of an idea of making a business plan related to energy that we can derive from the sun, the air and wave so that we can get rid of something that can be affected to the environment.

Do you think these ideas will fly in the kingdom? If not, do you have ideas that will? Tell us what they are at angkorone.com/lift


  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman