Developing a Solution for Payment Issues of Utility Bills in Islamabad

Abstract

Our project basically works on the entrepreneurship business in Islamabad on to develop a solution on payment issues of utilities bills in Islamabad and this project objective is to check the reaction and response of the people on payment of their utilities bills at their door step at a service charge of 10 rupees per bill there will be different marketing technique which have to be applied for the success of this business and this business would be run by three partners as partnership the starting budget of this business is approximately 32 thousand rupees and there is some amount of money which have to deposit in the NADRA account from which the payment of billing would be start this is an entrepreneurship business a unique idea in Islamabad and the competitive advantage of this business is the way we are doing this business. Our target market is the flats and rural areas houses in Islamabad basically from this business we can earn 60 rupees per house or per flat from this business and our initially target is 1500 houses per month which can be easily done bebecause in Islamabad there are 2,19,076 houses so in that large population our target is easily achievable. So this business is basically a partnership business and the profit would be distributed equally among all three partners there is no other workforce in our business this business will manage and operated and finance and run only by these three partners. Our future expansion market would be the market of Rawalpindi but first we will start this business from limited area like Islamabad then we will move to Rawalpindi and after then slowly and gradually this business will be expand in the whole Pakistan and then there will be need of huge workforce and this partnership business will be convert to a legal entity of limited company and will be registered with SECP and also enlist with stock exchange. The name which we choose for our business is QUICK BILLS PAYMENT.