...Business Idea BUS 604 New Business Venture Management Business Idea Before the inception of any business venture an idea is born, an idea that is merely the dreams of a individual(s) who seeks to provide a new product, service, or make an existing product better. Despite the reasoning for the idea and the desire to produce and distribute a product to consumers, there is first some methodical research and analysis to assess the feasibility of the idea before this dream can become reality. Pursuits as such are explored by a certain breed of people, a person who recognizes an opportunity and is willing to organize a business venture while assuming all the risk in hopes of aspiring to reach his or her goals, these people are called entrepreneurs. (Barringer and Ireland, 2010, pg. 6) defines entrepreneurship as “the process by which individuals pursue opportunities without regard to resources they currently control.” These characteristics are essential in developing and launching a venture and are just as important as the technical aspects that make the concept operate as intended. The purpose of this document is to allow the author to present a reflective style paper regarding the feasibility of an original business idea. In doing so this document will encompass but is not limited to a descriptive product overview, value proposition, business model, and a market size and growth measurement...
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...we are talking about the present or Victorian times: what we wear on our bodies has meaning. Our clothes indicate who we are as individuals as well as a society.”[Andrea Speranza, 2013]. The US market is trend and quality-driven while in the Philippines it is couture-driven, very intricate, and focused on the client’s ideas. Clothes express the personality of its bearer, and from this new era where fashion leads among people it’s a great opportunity to establish a business that can offer the demand of the community from clothes. This clothing business is the focus of this feasibility study. The team comes up to this idea to compete in the demand of modern day’s consumers. NAME OF THE BUSINESS The propose name of the business is “MJ WEAR”. With a slogan of “Be your own Style” indicates the customers the freedom to choose a clothes that they are comfortable with a stylish and high quality clothes. The firm will be register as a partnership of Mr. Mark Vincent S. Dulo and Mr. John Del T. Estillore. The business is all about good quality of clothes that is available to the customers especially for teens. LOCATION The municipality of Tayug is one of the settlements of Pangasinan, but has much yet to developed. . It is a center of commercial in its nearest municipalities such as San Nicholas, San Quintin and Natividad. According to National Statistics Office Census 2007, Tayug has a total population of 38,803....
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...investment. The nurseries to be set up should be started keeping in mind its demand and the basic factors which are contributing to their demand. With this study we tried to understand the growing need for such entrepreneurial opportunities. Entrepreneurship in set up of pre nurseries is in demand because of increase in level of educated parents and income levels, who also expect their children to learn and progress right from the beginning. Entrepreneurship not only involves starting a business but also to nurture it till it grows and start giving the fruits. Study on entrepreneurial opportunity in primary education sector also includes profitability of starting a pre-school and the growth opportunities it provides. OBJECTIVE: 1. To determine the feasibility and profitability of entrepreneurial opportunities in pre/primary education sector in Pune. 2. To study the factors surrounding the set-up of Pre-nursery and also to provide a template to an entrepreneur to start any business. SCOPE OF THE STUDY: 1. Study is limited to only PUNE city. 2. Study has been conducted in specific locations within the city. These locations are: a) Wanorie (Panda Kids) b) Magarpatta city (Euro kids, Zee Kids) c) Koregaon Park (Innovations) 3. Target respondents are limited to: a) Parents of the students studying in the schools as mentioned b) Teachers and staff of the respective schools c) Franchise owners of the respective schools Chapter 2 Review...
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...Business feasibility study for Pocket cake Executive Summary Pocket cake will be a bricks-and-mortar cupcake shop in Suzhou Culture and Arts Centre. The shop will mainly sell various cupcakes with healthy ingredients. Business skills, such as management skill, accounting skill and baking skill will all need to be considered before running the business. Young women will be our target customers who are pursuing a fashionable and elegant lifestyle. In view of being more considerate, four types of cakes will be provided: ordinary cupcakes, themed cupcakes, customized cupcakes, and cupcakes for those with diet restriction. Customers can exchange their feelings of new products casually on the blog of Pocket cake. The main rivals of the shop are 21cakes and pantry’s best, both of which have been recognized by residents in Beijing and Shanghai. This shop will make losses inevitably in the first two operating years and begin to make profit afterwards. According to the feasibility analysis of the business, it can be seen that the cupcake store is worth opening. Section I: Personal skills, qualities and experience. Necessary business skills are required before running the business officially. Specialized courses which I have learned from university will be the important bases of running the cupcake shop methodically. The application of accounting lessons will be helpful to know the financial position of the cupcake shop timely. Additionally, diversified marketing strategies...
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...Business Feasibility Study of A Home Day Care Center Muhisani Kerr OMM 614 Innovation and Entrepreneurship Josephine Carola April 9th, 2012 Executive Summary Kilo’s Loving Care is a venture that provides 24 hour home care services for children in DeKalb County. This facility provides child care services for up to 6 children from the age of 6 months to 12 years. The service also provides weekend and holiday care for parents who work non-traditional hours. There are 73 child care centers in a 35 mile radius from my location. There are franchised child care centers, regular child care centers and other home based child care centers. Only 4 of them provide 24 hour service, 2 of them provide weekend service but none of them provide holiday service. For parents who work non-traditional hours and on holidays, they are forced to seek additional childcare just for the weekends and holidays in order to care for their children. The market is not much competitive because not one of the 73 day cares provide holiday services. Due to the lack of time for themselves, daycare owners use holidays as a time to rest and bond with their own family members. This venture will ensure that their staffs receive constant training to remain up to date on the advances in child care whereby providing quality service. The target market will be fulltime working parents, college students, part-time working parents or drop-ins. Fulltime working parents will account for nearly 80 percent...
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...Chapter 1: BUSINESS CONCEPT A) Business Name The mushroom culture is already gaining its popularity in Pangasinan, Philippines, specifically in Urdaneta City. As a vegetable, it is being added as one of the ingredients in some of Pangasinan delicacies. However, due to lack of planting materials and knowledge, the production of mushrooms is still limited. With a lot of suggestions about the name of the business, the researchers have decided as a group to use MousseronFarm. The word mushroom originated from a Late Latin word mussirio which means "of obscure origin"then was later adopted as an Old French word mousseron from the root word mousse which means "moss". From that Old French word, the name of the business was derived. A mushroom is defined as a macrofungus with a distinctive fruiting body. The macrofungi have fruiting bodies large enough to be seen with the naked eye and to be picked up by hand (Chang and Miles, 1992). In a narrow sense, the word mushroom also refers only to the fruitbody.Mushrooms used to be classified into the Kingdom Plantae, but now they belong to the Kingdom Fungi due tounique fungal characteristics which draw a clear line from animals or plants. Unlike green plants, mushrooms areheterotrophs. Not having chlorophyll, they cannot generate nutrients by photosynthesis, but take nutrients from outer sources. B) Business Offering 1) Properties “Mushrooms are small living organisms that look like umbrellas. They are not plants...
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...European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol.5, No.30, 2013 www.iiste.org Key Success Factors in Airlines: Overcoming the Challenges Marcella Riwo-Abudho1, Lily W. Njanja1 & Isaac Ochieng2 1 2 School of Business, Kabarak University Department of Mathematics and Business Studies, Laikipia University College *Corresponding author address: P.O. Box 20157 Kabarak University Nakuru, Kenya. e-mail: mabudho@gmail.com, Tel: 0724690140 Abstract The increased interconnectivity within the global airline markets has marked the airline with dynamism from both its external environment and internal operations. This paper reviews how the highly sensitive industry is faced by the challenge of product innovation by suppliers, fragile reputation powerful customers, intense competition from strategic alliances & bankruptcy protection and increased costs of labour, fuel and security measures. The review further identifies the Key Success Factors (KSFs) in the global airline industry in relation to the challenges that carriers face. These strategic factors include structure, culture, strategic alliances, planning and forecasting, technology, marketing and branding and outsourcing. 1. Introduction The global airline industry operates in service industry complexities within a highly turbulent environment. Keynes (2009) states how the sector has gone through a drastic change on both the supply and the demand side...
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...Feasibility Studies BUSE 628 Dr. Khaled Aldeeb Faculty of Economics and Administration King Abdulaziz University Home Work Assignment Prepared By Name: Ahmed Abnawi ID: 1500912 A feasibility study is an important step in the formation or expansion of any business idea. A feasibility study is usually conducted after producers have discussed a series of business ideas or scenarios. The feasibility study helps to frame specific business scenarios so they can be studied in-depth. During this process the number of business alternatives under consideration is usually quickly reduced. However, when a company or a person attempt to conduct a Feasibility study there are some challenges that they may face and these challenges may form some obstacles against conducting a study will list some of these challenges: * How you will start? In order to conduct a Feasibility study for a business you need to assure that you are covering all the aspects related to your study. You need to be very clear about what parts you're going to address and how to work with your business colleagues to construct a coherent view. * What to do? Feasibility is hard to prove. To control this vagueness, implement a written plan of action. The inherent uncertainty makes planning a feasibility study harder than usual, although the project can fail only if the final report is inconclusive. * Wrong Team Any professional study is only as good as the team that does the work. Yet there...
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...ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 MARKET ANALYSIS AND THE FEASIBILITY OF ESTABLISHING SMALL BUSINESSES Azzam Azmi Abou-Moghli, PhD Applied Science University Ghaith Mustafa Al-Abdallah, PhD Applied Science University Abstract This study aims to explore the nature of relation and effect between market analysis and feasibility of establishing small businesses operating in the services sector in Jordan. Four independent variables were identified to market analysis: location, demand, price and competitors. The study population consisted of (163) cases and the researchers used a close ended 42-item questionnaire, with a (83.43%) reliability coefficient, as per the Chronbach Alfa equation for collecting the primary data of the study. Furthermore, two types of analysis were employed: simple regression analysis and stepwise multiple analysis. The study made a number of conclusions, most important of which is: there is a statistically significant relationship between the location, demand, price and competitors and the feasibility of establishing small businesses. Keywords: Market Analysis, Feasibility Studies, Service Sector, Small Businesses, Jordan 1.0 Introduction Market analysis of businesses is deemed as scientific tool to obtain relevant information about the realities of the proposed market. This will benefit the investor in showing the business feasibility to be studied and its preference over alternative investment opportunities,...
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...VEGGIE'S BREAD A Feasibility Study Presented to the Faculty of the Department Of Hotel and Restaurant Management Of the School of Business Management Universidad de Zamboanga In Partial Fulfilment Of The Requirements for the Course of Bachelor of Science in Hotel and Restaurant Management (BSHRM) By: John Paul T. Tolentino Menard S. Gamiao Kirt Ivy Y. Endino Erwin Bryan S. Saavedra August 2015 CHAPTER ONE EXECUTIVE SUMMARY Summary of the Project | Name of the Firm | Veggie’s Bread | Location | Veterans Avenue, Zamboanga, Zamboanga Sibugay, Philippines | Brief Description of the Project | A healthier variety of veggie's breads are what we are in cognizance. For this brand perception that we formalize we would like to linger the interest of the buyers and also the consumer with our version of Veggie Breads. We would like introduce varieties of flavours that consumers that would not normally taste with the following flavours that we would like to propose; Malunggay (horseradish), Ampalaya (bitter gourd). | Project SummaryMarketing Feasibility | | CHAPTER TWO INTRODUCTION Brief background of the Study We make this product proposal for the purpose that we want to serve our valued customers in a new product dishes that we give them a healthy food that will enjoy not only for adults but also for the young ones, we add especial ingredients for our product such as Malunggay (horseradish), We would to introduce varieties of flavours that consumers...
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...E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. This paper highlights the status, statutes, potential and constraints to e-commerce development in Bangladesh. Both the statutory laws as well as the challenges in implementing them are discussed. Major legal, regulatory and institutional constraints to e-commerce are identified. The paper also lists specific policy changes aimed at bringing improvements to the legal and regulatory environment affecting e-commerce. Dimensions of E-Commerce The three dimensions of e-commerce are Business-to-Consumers (B2C), Business-to Business (B2B) and Business-to-Government (B2G). B2C e-commerce is unlikely to be of much use in the near future in Bangladesh because of low per capita income, a weak infrastructural and legal environment, lack of trust between business and consumers. B2C for cross border trade is also limited by the factors suggested for the domestic front. In addition, non-availability of international credit cards, foreign currency remittance restrictions, delays and informal payments at customs clearance even for small value and quantity items will discourage B2C. The B2B application already exists in the export sector of Bangladesh, especially in the Ready Made Garments (RMG) industry. RMG has the lion’s share of the export earnings in Bangladesh. The RMG sector has begun to use the Internet, and its dependence on ecommerce is likely to grow...
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...OPTO PILOT CLASS:Jehann Farinah AbutazilRichmond Ferrer AlderiteLendl Sam DelinSabrina FallerIan Scott Gerona Jade Marie JabagatMary Grace Marilao Wilfred John PilapilJane Erin PinsoyAlvin Recososa Lorence TapizAnne Margaret Veran Submitted to:Mrs. Euckene Shayne Y. Dolino | | May 22, 2013 | | Table of Contents Contents: | Pages: | I. Business Description ……………………………………………………… | 3 | II. Feasibility Study Conclusions ……………………………………………. | 3 | III. Market Feasibility ………………………………………………………… a. Description of the Industry b. Current Market Analysis and AnticipatedFuture Market Potential c. Industry Competitiveness d. Market Share and Sales Projection | 4 | IV. Technical Feasibility ……………………………………………………... a. Place of Business b. Plant Layout c. Machines and Equipments | 8 | V. Organizational Feasibility ……………………………………………….. d. Professional Skills and Resumes e. Business Founders f. Internal & External Principles and Practices of Business | 10 | VI. Financial Feasibility ……………………………………………………… | 12 | | | I. Business Description We plan to put up a cart in Davao Doctor’s College (DDC) renting a small space and selling a wide variety of shakes. Basically, we turn various fruits and vegetables, like carrots, cucumbers, apples, mangoes, bananas, oranges and the like into healthy, cool and refreshing beverages. We will take on the requests of the customers for the flavor...
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...Pre-Feasibility Study IT Solution Company ABC SOLUTIONS innovatively yours!! Presented by: YOUSEF OMER Pre-Feasibility Study IT Solution Company DISCLAIMER The purpose and scope of this information memorandum is to introduce the subject matter and provide a general idea and information on the said area. All the material included in this document is based on data/information gathered from various sources and is based on certain assumptions. Although, due care and diligence has been taken to compile this document, the contained information may vary due to any change in any of the concerned factors, and the actual results may differ substantially from the presented information. We do not assume any liability for any financial or other loss resulting from this memorandum in consequence of undertaking this activity. Therefore, the content of this memorandum should not be relied upon for making any decision, investment or otherwise. The prospective user of this memorandum is encouraged to carry out his/her own due diligence and gather any information he/she considers necessary for making an informed decision. The content of the information memorandum does not bind us in any legal or other form DOCUMENT CONTROL Document No. Revision Prepared by Issued Date Revision Date Proposed Date PREF-53 2 YOUSEF OMER September 15, 2012 January 28, 2013 November 27, 2013 2 PREF-53/ January, 2013/Rev 2 ABC Company Pre-Feasibility Study IT Solution Company SERVICES OF...
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...Doppelmayr Ashford University Business Systems Analysis INF340 Mark Revels March 10, 2014 Hoosier Burger Case Analysis Having a dream since the 1970’s of owning their own restaurant, Hoosier Burger owners realized that dream when they noticed a for sale sign in the window of Myrtle’s Family restaurant while driving one day. After purchasing the business, the owners, Bob and Thelma Mellenkamp identified the need for an information system (IS) project in order to support their needs for a system that supported inventory control, customer services, marketing, and food preparation. The system has a strategic focus on improving day-to-day operations for the company, assisting Bob and Thelma in their duties as company executives. (Valacich, George, & Hoffer, 2009, p. 28) The systems development life cycle (SDLC) became an important part to the development of an effective system for Hoosier Burger. The goal of this system was to modernize the information system, by implementing four key steps of SDLC, (1) planning and selection, (2) analysis, (3) design and (4) implementation and selection. This improved system would replace the current system of paper records for the inventory control, customer orders, and management reporting systems. In addition, Bob and Thelma considered a point of sale (POS) system, which would allow them to generate reports that are more detailed and track inventory more accurately. As a family owned business, Hoosier Burger required a...
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...A FEASIBILITY STUDY IN ESTABLISHING “FAM MART” AT CONCEPCION M. TRIAS ROAD SAN JUAN 1 GENERAL TRIAS, CAVITE S.Y.2015-2016 A Feasibility Study Presented to the Faculty of the Cavite State University- Rosario Rosario, Cavite In Partial Fulfillment Of the Requirements for the Degree Bachelor of Science in Business Management by ANTHONY JOSHUA BANDIOLA MARY ROSE GATDULA FLORENCE ROMEN 2015 SUMMARY OF THE PROJECT A. Name of the Project The proposed business will operate under the proposed name “FAM MART”. FAM comes from the initial of the first letter name of the owners of this project, and it is the short term for Family, because the basic needs of one family is available in this business. B. Plant Location “FAM MART” will be situated at Concepcion M. Trias Road San Juan 1, General Trias, Cavite – near the intersection of San Juan 1. The location of the proposed business is accessible. C. Description of the Project In an unexpected brainstorming 3 students who is in the same class think a business that they should establish in a certain area of General Trias Cavite. The business is named by FAM MART, a grocery store where you can buy in bulk, whole selling, and retail. It is establish for the preference of the people around the area. The store contains basic needs of consumers and for they everyday use. D. Project Long Range After five (5) years of successful operation and as long as the business...
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