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Innovation Essay

In: Business and Management

Submitted By depare2637
Words 2497
Pages 10
BUS362: Introduction to Entrepreneurship

June 24, 2013

This paper is related to a particular coaching business idea I have had for some time now. It is establishing a consulting service from within an existing organization. When an organization starts up a new business, it must ensure that, it takes care of certain very important things. The organization must consider the type of business, core competency, legal structure, owners, and staff structure is very important too! In addition to this, various activities regarding marketing are also required to be taken into consideration. Some concern is also required to be given towards the financial section of the organization. The present paper shall consider all the above mentioned things so that, proper results are available with the organization. Whenever a new business is set up by an organization, it is necessary for it to make sure that a new business idea is developed. In this present situation, a business idea has been conceived by the organization. The business idea is to open up a consulting business for the existing Sikka Software customer’s today. In the consulting business we will coach large and small practices. This service will be provided as a “white glove” service that will retain customer’s and give them a plan to stay abreast many factors that have been revealed utilizing Sikka’s Practice Optimizer which monitors the dental practice 24/7. There are options available with the organization in relation to the business type selected. There are certain kinds of business types which can be selected by the organization in the present situation.
The business types include new business, franchise or working with an already operating business. The
Individual who is looking forward to set up the business needs to ensure that, he/she sets up an entirely
new

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