Trip Electronic Company / Muhammad Nur Iman Nor Azli … [et al.]

• Main Authors: Nor Azli, Muhammad Nur Iman, Ahmad Fariman, Muhammad Iman, Azman, Hazim, Abdul Halim, Natasha Adriana
• Format: Entrepreneurship Project
• Language: English
• Published: 2022
• Subjects: Entrepreneurship. Risk and uncertainty; Planning. Business planning. Strategic planning; Business analysts
• Online Access: https://ir.uitm.edu.my/id/eprint/66758/2/66758.pdf; https://ir.uitm.edu.my/id/eprint/66758/
• Institution: Universiti Teknologi Mara

Trip Electronics is a four-person partnership firm. All partners occupy five key positions in the company, although one has two: General Manager and Administrative Manager, while the others are Marketing Manager, Operations Manager, and Finance Manager. On May 12, 2021, the partnership was formed. Trip Electronics was funded through personal contributions from partners around RM30,000 each. All donations from partners will go toward the capital and costs of our new business. We also want to use the money to acquire all of the necessary company equipment. Trip Electronics operates at Cheras Centre Point @ Medan Connaught, Jalan 3/144a, Taman Cheras, Cheras, Kuala Lumpur. This location was chosen since it is centrally located in the city. This company's aim is to make consumers able to travel with ease while also delivering high-quality consumer-friendly and ecologically sustainable products. Trip Electronic is unique because it offers solar energy and may reduce time consumption. Trip Electronics will guarantee that the product will improve people’s lives by providing high-quality products that are convenient for them. Families are primarily Trip Electronics' target market. Families who frequently travel, namely, as the company focuses on electrical travel essentials. The business will offer goods that make travel smoother for customers using new innovations or ideas. When it comes to competitiveness, today's most common item is electrical equipment. Consequently, there is fierce competition. Trip Electronics modified the typical electrical cold box by including a heating section in order to penetrate the market. People may now simultaneously warm and cool their food. This creation will be called Elecpot. The company will avoid all loans and borrowing strategies for its financial projections because there will be a lot of obligations and liabilities in the near future. The launch costs of the business will be fully covered by the partners' contributions of cash and existing fixed assets. The company will next do thorough planning to ensure that the enterprise can steer clear of any significant losses in the years to come.