II.

Company Description

1. Company Mission
We aim to Deliver Unique value, Drive Sustainable Profit, Foster Customer Satisfaction,
Promote Environmental Well Being and Enhance a Positive Public image by Empowering
Individuals through Creative Upcycling.

2. Company Vision
“ReCrafta Strives to Establish Itself as the Catalyst for a Global Movement, Where Each
Crafted Piece Carries the Mark of Social and Environmental Responsibility."

3. Company Goals:
Short-Term Goals (3-12 Months):
1. User Acquisition:
Goal: Achieve a user base of X scrap sellers and Y crafters on the platform.
Milestone: Reach X number of registered scrap sellers and Y number of registered crafters.
2. User Empowerment:
Goal: Empower X number of crafters to create and sell unique upcycled products. Sell X
number of upcycled products
Milestone: Measure the number of crafters who successfully list and sell products,
providing feedback on the empowerment received.
3. Environmental Impact:
Goal: Promote the recycling of Y tons of scrap material.
Milestone: Track the volume of scrap material listed and sold on the platform, aiming to
reach Y tons within the first year.
4. Customer Satisfaction:
Goal: Achieve a customer satisfaction rating of Z% based on user feedback.
Milestone: Regularly collect and analyse user feedback, working towards a satisfaction
rating of Z% within the initial 12 months.

Long-Term Goals (1-3 Years):

1. Brand Recognition and Public Image:
Goal: Establish the platform as a recognized leader in creative upcycling.
Milestone: Measure brand recognition through surveys and market studies, aiming for a
notable increase in positive public perception.
2. Community Impact and Sustainable Profit:
Goal: Make a positive impact on local communities while achieving financial sustainability.
Milestone: Evaluate the platform's contribution to community projects or local artisan
support, ensuring financial sustainability through profitable operations.
3. Expanded Empowerment:
Goal: Expand the empowerment initiative to reach a wider audience.
Milestone: Increase the number of empowered individuals by X%, measured through the
growth in new crafter registrations and successful transactions.
4. Educational Outreach:
Goal: Foster creative upcycling education.
Milestone: Measure engagement in educational content, aiming for increased participation
over time.
5. Diverse Product Offerings:
 Goal: Diversify the range of upcycled products available on the platform.
Milestone: Successfully onboard sellers and crafters in new product categories, reaching a
target number of diverse listings.

We have aligned our goals with our mission that will not only drive business success but also
contribute to a positive impact on the environment and communities. Our focus is on regularly
assessing and adjusting these goals based on user feed and market needs.

4. Target Market
Our target market encompass three primary groups:

1. Scrap Sellers:
● Individuals or businesses with various scrap materials such as broken items,
unused materials, or leftover pieces.
● Interested in selling scrap to declutter, reduce waste, and potentially earn
income.
● Seeking a platform to efficiently sell their scrap materials.

2. Crafters:
● Individuals with a passion for crafting and upcycling.
● Creative, artistic, and environmentally conscious.
● Looking for a reliable source of unique scrap materials to incorporate into
their crafting projects.

3. Buyers of Upcycled Products:

● Individuals or businesses seeking eco-friendly and sustainable products made
from upcycled materials.
● They appreciate the creativity and uniqueness of upcycled items and are
willing to support environmentally conscious businesses.

For a diverse user based with shared interest in sustainable crafting and consumption, We also
aim to cater these segments:
1. Artisan Crafters: Individuals passionate about crafting and customization seeking unique
materials for their projects.

2. Eco-Conscious Consumers: Those who prioritise sustainability and are interested in

recycled or repurposed products.

3. Small Businesses: Craft-oriented businesses looking for cost-effective and eco-friendly

materials for their product lines.

4. Hobbyists and DIY Enthusiasts: Individuals interested in DIY projects, eager to explore
creative possibilities with recycled materials.
5. Environmental Advocates: Individuals and organisations committed to reducing waste
and contributing to a circular economy.

Our platform serves as the bridge, connecting these two groups and facilitating
transactions that empower crafters to create unique upcycled products while offering
scrap sellers a marketplace to sell their materials.

5. Industry
Our business operates within the domain of the online marketplace specifically focusing on
the niche of creative upcycling and sustainable crafting. As part of the broader e-commerce
landscape, our platform caters to individuals and businesses involved in both the recycling of
scrap materials and the creation of upcycled products.
Unlike traditional recycling, which breaks down materials into raw components, upcycling
transforms waste into new products without degrading their quality. This industry promotes
sustainability by reducing waste and conserving resources while encouraging innovation and
creativity in product design and manufacturing. Upcycled products often have unique
characteristics and appeal to environmentally conscious consumers seeking sustainable
alternatives to conventional goods.
Industry Trend:
The upcycling industry is experiencing significant growth driven by increasing environmental
awareness, consumer demand for sustainable products, and regulatory pressures to reduce
waste. As more people prioritise eco-friendly practices and seek out alternatives to traditional
consumption patterns, the market for upcycled products is expanding rapidly. Additionally,
businesses and governments are recognizing the economic and environmental benefits of
upcycling, further driving growth in the industry.
Overall, the upcycling industry can be characterised as growing and dynamic, with ample
opportunities for innovation and expansion. However, it is important to note that the industry
is still relatively young and evolving, with ongoing developments in technology, materials,
and consumer preferences shaping its trajectory.

6. Legal Structure:
We will be forming a corporation as a business entity. It has its own advantages but we are
also choosing it as a business entity because :

Legal Structure for Growth: As a corporation, our FYP idea gains a robust legal structure
conducive to scalability and expansion. The corporation can attract external investment more
effectively, allowing for the infusion of capital necessary to develop and enhance the online
platform. This structure supports our goal of creating a comprehensive marketplace
connecting scrap sellers and crafters while facilitating continuous innovation and
improvement.

Brand Credibility and Trust: Operating as a corporation enhances the platform's brand
credibility and trustworthiness in the eyes of users, stakeholders, and industry partners. The
corporate structure signifies professionalism, stability, and adherence to regulatory standards,
 instilling confidence in the platform's integrity and reliability. This credibility is paramount in
attracting both scrap sellers and crafters to the platform, fostering a vibrant community of
users and driving sustainable growth over the long term.
Legal Compliance and Governance: Corporations are subject to specific legal and
regulatory requirements, ensuring compliance with applicable laws and standards. By
adhering to these regulations, our FYP idea demonstrates a commitment to ethical business
practices, data security, and consumer protection. This commitment enhances the platform's
reputation and minimises legal risks, creating a conducive environment for fostering positive
relationships with users and regulatory authorities.

Overall, aligning a corporation as the business type with our FYP idea provides a solid foundation for
growth, legal protection, investor appeal, brand credibility, and regulatory compliance. It positions the
platform for long-term success and sustainability in the dynamic marketplace for scrap materials and
crafting supplies.

_________________________________________________________________________

III. Products/Services Description:

Recrafta is an e-commerce platform that connects scrap sellers with crafters, allowing the sale of
scrap materials and the customization of crafted products.

Our company’s services

Our company offers an innovative e-commerce platform dedicated to sustainable crafting and
upcycling. We facilitate the buying and selling of scraps and materials that can be repurposed into
unique, customised products. Sellers on our platform showcase a variety of scraps. Buyers have the
opportunity to purchase these materials, apply their creative touch, and transform them into
one-of-a-kind crafted items.

Provision Process:

1. Listing: A user can sell his/her available scraps on our platform, providing detailed descriptions
and images for buyers to browse in the scrap section.

2. Purchase: A user who is an artist can browse through the listings, select the scrap/material they
want, and make a purchase through our secure online transaction system.

3. Customization: Upon receiving the purchased scrap, a user who is an artist can upcycle it into
something useful.

4. Showcase: A user who is an artist can then showcase the transformed products in the creative
section on our platform for selling customised items.
5. Purchase: A user can buy these upcycled customised items from the creative store.

Relationships with Suppliers, Manufacturers, and Partners:

Suppliers: We collaborate with a network of suppliers who provide a diverse range of scraps and
materials. These suppliers include individuals, businesses, and organisations committed to sustainable
practices.

Partners: While we don't engage in traditional manufacturing, our platform partners with sellers who
act as contributors to the creative ecosystem. These sellers play a crucial role in offering a variety of
materials and contributing to the growth of the upcycling community on our platform.
We will also be going to onboard logistics partners for logistics service to handle shipping, ensuring
consistency and reliability.

Technology Partners: We leverage technology partnerships to enhance our platform's features and
processes.
By fostering strong relationships with suppliers, sellers, and technology partners, we ensure a
seamless process for our users to engage in sustainable crafting and contribute to the circular
economy.

The problems we solve

Problem Solving for Scrap Sellers:
1. Limited Channels for Scrap Disposal
Problem: Scrap sellers often struggle to find efficient channels to dispose off or sell their
materials, leading to wastage and environmental concerns.
Solution: Our platform provides a dedicated marketplace for scrap sellers to reach a broader
audience of crafters and environmentally conscious buyers, providing an eco-friendly solution
for material disposal.

2. Monetization Challenges for Scrap Sellers:

Problem: Scrap sellers, whether individuals or businesses, may find it challenging to
monetize their scraps effectively.
Solution: By offering a platform for selling scraps, we enable sellers to monetize materials
that might otherwise go to waste, creating a new revenue stream for them.

Problem Solving for Crafters:

1. Limited Access to Unique Materials:
Problem: Crafters often face challenges in sourcing unique and diverse materials for their
projects, limiting their creativity.
Solution: Our platform connects crafters with a wide range of scraps, providing a diverse
inventory that sparks creativity and allows for the creation of truly unique, upcycled products.

Environmental Conscious Crafters and Scrap Sellers:

Problem: Many crafters/ scrap sellers are increasingly conscious of their environmental impact and
seek sustainable materials for their projects.
Solution: We address this by promoting upcycling and providing a platform where crafters can
contribute to sustainable practices by repurposing materials, aligning with their environmental values.

Proprietary features that give us a competitive advantage

Benefits, Features, and Unique Selling Proposition (USP):

Diverse Inventory: Our platform offers a vast and constantly updated inventory of scraps, providing
crafters with a diverse range of materials for their projects.

Environmental Impact: Both scrap sellers and crafters contribute to reducing waste and promoting a
circular economy, aligning with growing environmental concerns.

Community Engagement: We foster a community of like-minded individuals who share a passion

for sustainable crafting, creating a supportive space for collaboration and inspiration.

Competitive Edge: While other platforms may focus on traditional e-commerce, our niche lies in the
sustainable crafting sector, providing a specialised and unique marketplace for both scrap sellers and
crafters.

By addressing these problems and offering distinctive features, our platform stands out as a solution
that not only facilitates commerce but also promotes environmental responsibility and creativity
within a supportive community.
Pricing Strategy
Revenue Strategy:

1. Listing Fees From Sellers: Sellers can list their materials for free, with a nominal listing fee only
charged upon a successful sale. This encourages a wide variety of sellers to join our platform.
2. Transaction Fees: A small transaction fee is applied to each successful sale, ensuring a fair
revenue model for our platform while keeping costs manageable for sellers.
3. Subscription Fee: Revenue earned from monthly or yearly subscription and from
premium features such as promoting a seller’s product on top.

Attracting Customers:
Affordability: Our listing fees are kept low to attract a diverse range of scrap sellers, ensuring a
comprehensive and dynamic inventory for crafters.
Quality:
Time:
Community Incentives: We incentivize participation within the platform through loyalty programs,
special promotions, and community challenges, fostering a sense of belonging for both scrap sellers
and crafters.

Projected Profit Margin:

Our conservative projections indicate a healthy profit margin based on a balanced approach to fees.
We anticipate that the volume of transactions, coupled with premium feature subscriptions, will
contribute to sustainable revenue growth. While exact figures are subject to market dynamics and user
adoption, our financial model aims for a competitive profit margin within the industry standards.
By adopting this pricing strategy, we aim to strike a balance that attracts a broad user base, encourages
sustainable practices, and ensures the long-term viability and growth of our platform.

_________________________________________________________________________

V. Operational Plan:

1. Production and Service Delivery:

As an online platform facilitating transactions between scrap sellers and crafters, our service
delivery primarily revolves around creating and maintaining a user-friendly digital
marketplace. Here's how we'll deliver our service:

Digital Platform Development: We'll invest in developing a robust, intuitive online platform
accessible via web browsers and mobile applications. This platform will serve as a virtual
marketplace where users can list scrap materials, browse available items, and engage in
transactions securely.

User Interface Design: Our platform's user interface will be designed to provide a seamless
and engaging experience for both scrap sellers and crafters. This involves creating intuitive
navigation, interactive features for product listings, and secure payment processing
capabilities.

Backend Infrastructure: Behind the scenes, we'll implement a scalable backend

infrastructure hosted on reliable cloud servers. This infrastructure will handle user
authentication, data storage, search functionality, and transaction processing in a secure and
efficient manner.

Material Handling and Shipping:We will be responsible for packaging and shipping
physical scraps to buyers.
Moderation and Support: To ensure the quality and integrity of the marketplace, we'll
employ moderation tools and dedicated support staff. This team will review product listings,
resolve disputes, and provide assistance to users encountering issues with the platform.

Cost Considerations: The cost of delivering our service will include expenses related to
platform development, hosting and infrastructure maintenance,logistics, personnel salaries for
moderation and support teams, as well as marketing and promotional activities to attract
users. Additionally, we'll allocate resources for ongoing updates and enhancements to
improve the platform's functionality and user experience.
By investing in cutting-edge technology, user-centric design, and reliable support
infrastructure, we aim to deliver a seamless and efficient service that connects scrap sellers
with crafters in a mutually beneficial ecosystem.

2. Quality Control:

● Listing Verification Process:

Procedure: Implement a pre-listing verification process where the platform reviews and
approves listings before they go live.
Quality Control: Ensure that listed scraps meet platform standards in terms of description
accuracy and adherence to acceptable materials.

● User Ratings and Reviews:

Procedure: Implement a robust user rating and review system for both buyers and sellers.
Quality Control: Encourage transparency and accountability, allowing users to make
informed decisions based on past experiences.

● Community Moderation:
Procedure: Implement community guidelines and employ moderators to ensure respectful
and constructive interactions.
Quality Control: Regularly audit community discussions and address any violations
promptly to maintain a positive and inclusive environment.

● Seller Compliance Checks:

Procedure: Periodically review seller activity to ensure compliance with platform policies.
Quality Control: Implement checks for fair pricing, accurate descriptions, and prompt
shipping to maintain a high level of trust among users.

● Continuous User Education:

Procedure: Provide resources and guides on sustainable crafting practices, upcycling
techniques, and effective use of the platform.
Quality Control: Monitor user engagement and feedback to refine educational materials and
address any misunderstandings or misconceptions.

● Customer Support and Issue Resolution:

Procedure: Offer responsive customer support to address user queries, concerns, or
disputes.
Quality Control: Analyze customer support interactions to identify recurring issues and
implement preventive measures.

● Regular Platform Audits:

Procedure: Conduct routine audits of platform functionality, security measures, and data
privacy protocols.
Quality Control: Identify and address any vulnerabilities, ensuring a secure and reliable user
experience.

Continuous Improvement:
- Regularly solicit user feedback through surveys and reviews to identify areas for
improvement.
- Leverage data analytics to track user behavior, preferences, and platform performance.
- Collaborate with industry experts and stakeholders to stay informed about evolving
sustainability standards and trends.

By implementing these quality control measures, the platform aims to foster a trustworthy
and consistent user experience, ensuring the success and sustainability of the upcycling
community.

3. Location:
Our operational setup includes:

Virtual Infrastructure: Our primary "location" is our digital platform accessible via the
internet. This virtual space serves as the marketplace where users interact and transact.

Server Infrastructure: Behind the scenes, we invest in robust server infrastructure hosted on
reliable cloud platforms to ensure seamless performance and data security.

Office Space: While our core operations are virtual, we may require a modest office space
for administrative tasks, customer support, and team collaboration. This office space would
typically be in a commercial or coworking facility, providing flexibility and
cost-effectiveness.

Zoning and Accessibility: Since our business operates online, we are not subject to
traditional zoning restrictions. However, our virtual platform must comply with relevant laws
and regulations governing e-commerce, data protection, and consumer rights.
● The Electronic Transactions Ordinance (ETO) enacted in 2002 oversees electronic
transactions within the country, establishing a legal structure for conducting
e-commerce operations. It encompasses measures to safeguard personal information,
prevent unauthorized access and hacking, as well as combat fraudulent activities.
● The Information Technology Act of 2000 provides a legal framework for the use of
information technology in Pakistan and includes provisions for protecting electronic
records, digital signatures, and intellectual property rights, as well as measures to
prevent cybercrime and fraud.
● The Consumer Protection Act of 2019 protects consumers against fraud and other
forms of exploitation in e-commerce transactions.
Cost Considerations: While we don't incur expenses related to physical locations but we
plan to have an office space which will have expenses such as rent, internet connectivity,
utilities, or maintenance, we allocate resources for hosting fees, software licenses, and
cybersecurity measures to maintain a secure and reliable online platform.

4. Legal Environment:
Business Registration: To start, it's essential to formally register our business with the
appropriate governmental bodies such as SECP to obtain a business license. For providing the
license they will charge a specific amount of fee.
Trademark: Securing trademark for our business logo is also an important legality but we
will work on it after sometime, when our platform will start stabilizing.
Insurance and other requirements: According to E-Commerce Policy Framework of
Pakistan 2019 we need to comply with product liability insurance. And there are many other
requirements to be fulfilled as per framework.

5. Personnel: Initially we will hire a small team or personnel who will help us in
running our business smoothly. The team include:
1. Chief Finance Officer (CFO).
2. Marketing Specialist.
3. IT Specialist.
4. E-commerce expert.
5. Accountant.
6. Additionally, we will hire a freelancer for web developing and graphics designing,
that will be for 1 or 2 months.
To hire them we will contact recruitment agencies as they will provide authenticity.
Job Description:
● The CFO must have In-depth knowledge of financial regulations and accounting
principles to oversees all financial aspects of the organization, providing strategic
direction and ensuring sound financial planning and management
● The marketing specialist must have proven experience in digital marketing, and will
assist in developing and executing marketing strategies and campaigns and create
engaging content for various platforms, including social media, and Websites. Assist
in managing social media platforms and maintaining brand consistency.
● The IT specialist must have remarkable skills in IT and strong problem solving and
communication skills to Provide technical support to resolve hardware and software
issues for users and assist in the setup and maintenance of IT infrastructure and
equipment.
● The E-commerce expert must have proficiency in e-commerce platforms, digital
marketing tools, and analytics to drive online sales growth by optimizing digital
strategies, enhancing user experience, and maximizing conversion rates on the
e-commerce platform.
● The accountant must have proven experience as an Accountant to support financial
operations by maintaining financial records, preparing reports, and ensuring accuracy
in financial transactions.
Pay Structure:
Our pay structure for employees will be salary based. The salary will be based on their skills
and the tasks they are handling in our business.
And the freelancer will get per project payment.

6. Inventory: Our platform didn’t require traditional inventory for scrap sellers, it
required inventory management systems for scrap buyers who customize and sell
finished products.
● The sellers of scrap who are individuals or companies will directly sell their scrap on
our platform that doesn’t require the inventory.
● On the other hand, the buyers who purchase scrap to customize and resell will
maintain an inventory of raw materials (scrap items) to create customized products.
This inventory will consist of various types of scrap materials, categorized based on
their usability in customization.
● The feature that allows sellers to list customized products will require an inventory
system to manage and showcase these finished items. However, the inventory here
would consist of the finished, customized products rather than raw scrap materials.

7. Supplier Management:
We don't have traditional suppliers in the conventional sense. Instead, we facilitate
transactions between scrap sellers and crafters, acting as a marketplace rather than a
supplier. Here's how we plan to manage our supply smoothly:
Reliability and Quality Assurance:
We prioritize reliability and quality assurance by vetting sellers and monitoring
customer feedback.
Sellers with a history of reliability and positive reviews are given preference on our
platform.
Handling Supply Shortages:
We plan to encourage sellers to keep their listings up-to-date to minimize the risk of
supply shortages.
In the event of temporary supply shortages or delivery delays, we communicate
transparently with buyers and sellers to manage expectations and facilitate
resolutions.
Multiple Suppliers and Cost Fluctuations:
Since sellers are independent individuals or businesses, buyers have access to a
diverse range of suppliers on our platform.
Prices may vary based on individual seller and market conditions, allowing buyers to
choose from competitive offerings.
Delivery Policy:
 ● Delivery times may vary depending on the shipping destination and the
availability of the seller. Estimated delivery times will be provided at the
checkout stage, based on the selected shipping method and the seller's
location.
● Shipping costs are calculated based on factors such as the shipping destination,
package weight. Shipping charges will be displayed at the checkout stage
before order confirmation.
● Once an order has been dispatched, customers will receive a confirmation
email with tracking information. They can track the status of your order in
real-time through our website using the provided tracking number.
● We will keep them informed about the status of their delivery via email or
SMS notifications. They will receive notifications for order confirmation,
shipment dispatch, and delivery updates.
In summary, our supplier strategy revolves around facilitating transactions between
independent sellers and buyers on our platform, ensuring reliability, quality, and transparency
throughout the process.
8. Credit Policies
Initially we do not need any credit policy for our business platform, as we deal online,
the payment procedure will also be online or cash on delivery. We won’t be selling on
credit initially.
Later on, we will need a credit policy which we have mentioned below (Subject to
change):
Eligibility Criteria:
Credit facilities may be extended to customers who meet our predefined eligibility
criteria, including but not limited to:
- Demonstrated history of prompt payments.
- Satisfactory creditworthiness assessment.
- Consistent and substantial transaction volume.
Credit Limits:
Credit limits will be determined based on the customer's creditworthiness and
transaction history.
Payment Terms
Customers with approved credit accounts will be provided with specific payment
terms, including due dates and acceptable payment methods.
Failure to adhere to payment terms may result in late payment fees and/or suspension
of credit privileges.
Credit Review:
 We will regularly review the creditworthiness of our customers to assess their ongoing
eligibility for credit facilities. Through Credit score, payment history, references and
guarantees we will be reviewing the creditworthiness of our customer.
Credit Application Process:
Customers interested in applying for credit facilities must submit a formal credit
application.
The credit application will be subject to review and approval by our credit
department.
Dispute Resolution:
In the event of billing disputes or discrepancies, customers are encouraged to contact
our billing department promptly for resolution. We will investigate any disputed
charges and work with the customer to reach a fair resolution.
____________________________________________________________________

VI. Management & Organization:

In the core of our business lies the collective vision of three individuals, each bringing a
unique set of skills, and boundless passion to steer this idea towards success.

Biographies of Our Visionary Team:

Owner 1:
Owner 2:
Owner 3:

Gaps:
With pursuing to establish a sustainable E-commerce platform, we recognize that every
entrepreneurial path has spaces for growth and development. For our organization to remain
resilient and to strengthen our foundation, it is essential to recognize and address these gaps.
Here are some areas where we need additional expertise:
1. Chief Finance Officer CFO/ Manager:
The Chief Financial Officer (CFO) stands as the strategic guardian of our financial
landscape, wielding a crucial role in shaping the financial architecture of our
company. They will help us in financial planning, setting up payments gateway for
scrap buyers and sellers, and ensuring financial compliance from the initial stages of
our business platform.
2. Marketing Specialist:
 The Marketing Specialist serves as the guiding force of our brand narrative, and in
charge of creating and implementing creative tactics that will captivate our target
market and advance our business. This crucial role coordinates the development and
implementation of comprehensive marketing plans, leveraging a spectrum of digital
and traditional channels to enhance our company's visibility. They will be responsible
for conducting market research, analyzing consumer behavior, identifying emerging
trends, managing social media engagement to optimize SEO strategies and crafts
targeted campaigns that resonate with our audience.
3. Technical / IT Specialist:
The IT Specialist embodies the technological vanguard of our enterprise, safeguarding our
digital infrastructure and propelling our technological prowess to new horizons. They will be
responsible for ensuring the seamless operation of our e-commerce platform, resolving
technical problems, and promoting technological advancements that optimize user experience.
the IT Specialist shapes our technological roadmap, harnessing the power of innovation to
drive efficiency, scalability, and a user-centric digital experience.
4. E-commerce Operations Manager:
The E-commerce Operations Manager is in charge of our online marketplace and
manages the tasks that keep our online platform running seamlessly. They will
oversee our day to day operations, make sure that transactions go seamlessly,
encourage communication between buyers and sellers, and keep an eye on client
satisfaction. Everything from managing inventory, optimizing product listings, and
overseeing order fulfillment to orchestrating customer service strategies. They
collaborate across departments, aligning efforts to uphold platform integrity,
troubleshoot issues, and implement enhancements that augment user engagement and
conversion rates.

Advisors:
For our E-commerce platform that focused on scrap buying, selling, customization and resale
here is the breakdown of the advisors that we will need and how they will support our
venture.
1. Accountant: As we have mentioned above, we don’t have expertise in handling
finance and accounting, so we will need an accountant for handling our finances,
tracking expenses, and help in financial planning. They assist in setting up accounting
systems, optimizing cash flow, and ensuring financial compliance.
2. Advisory Board: In our advisory board we will need individuals that have industry
experience and expertise in e-commerce and sustainable business practices, that will
make sure our website will work seamlessly and also be helpful in providing strategic
guidance. We will also need some individuals with experience in online marketplace
and users experience who will provide valuable insights and strategies to improve
operations and user engagement.
3. Banker: We will also need to establish a relationship with a banker who understands
e-commerce businesses. They can assist with financial services, credit, and provide
advice on managing transactions.
4. Mentors: Seek mentors or advisors who have experience in launching and scaling
similar ventures, especially in the sustainability or e-commerce sector. They can
provide guidance, share insights, and offer connections in the industry.