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Business Entrepreneur Assignment

   

Added on  2020-03-16

14 Pages3605 Words33 Views
Running Head: Business Entrepreneur Business EntrepreneurCurrency consulting firm
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Business Entrepreneur1ContentsIntroduction......................................................................................................................................1Services offered...............................................................................................................................1Currency consultation..................................................................................................................1Research reports...........................................................................................................................2Live Screen..................................................................................................................................2Business model Canvas...................................................................................................................2Customer Segments......................................................................................................................2Value proposition.........................................................................................................................3Customer relationships.................................................................................................................3Channels.......................................................................................................................................4Key activities................................................................................................................................5Key resources...............................................................................................................................6Key partners.................................................................................................................................7Revenue Structure........................................................................................................................7Fixed Fee......................................................................................................................................7Profit Sharing...............................................................................................................................7Cost structure...............................................................................................................................7Minimum Viable product.............................................................................................................8Feasibility analysis...........................................................................................................................8
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Business Entrepreneur2Market Feasibility........................................................................................................................8Technical Feasibility....................................................................................................................8Human Feasibility........................................................................................................................9Financial Feasibility.....................................................................................................................9References:....................................................................................................................................10
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Business Entrepreneur3IntroductionEntrepreneurship, in simple words, is the process that involves establishing a new business. The person who establishes this new business is known as an entrepreneur. The subject of Entrepreneurship is tremendously wide. To the deep end of logic, Entrepreneurship defines a style of thinking and it is predominantly an attitude which involves finding solutions to problemsand thus generating value (Business News Daily, 2017). Entrepreneurship is absolutely vital for every national and international economy as it provides a platform for innovation and that provides base to growth. Which is why various governments are encouraging and expansively working to provide support and propagate businesses by offering grants, aids and subsidies.My new business idea involves the institution of a ‘currency consultation’ firm. Given the economic scenario at the moment, we have noticed that there are enormous fluctuations in the currency market specifically in the Australian Dollar - US dollar pair. Over a span of last three years alone, the domestic currency has faced a low of 0.6861 and a high of 1.0608 (XE, 2017). No doubt, such sharp movements of the currency will not pose an impact directly on people, but there are numerous businesses including but not limited to exports and imports where such fluctuations tend to have a major influence (ABC News, 2015). The main target of the currency consulting firm is to provide assistance to clients for tracing, inspecting, governing, working at reducing the impact as well as taking due benefit of these fluctuations.Services offeredCurrency consultationThis is the primary service offered by the firm where in the clients will be advised on a daily basis upon their trade orders. They will be given a daily update on the currency movements and how they can protect themselves against unwanted risk. The detailed analysis would be done on the basis of fundamentals and technical. Fundamental analysis refers to scrutinizing the economic data of countries and gaining an understanding of its influence over the currency. The data which is collected includes GDP growth rate, inflation rate, interest rate fluctuation, unemployment rate and meeting minutes of the Reserve bank of Australia. (Forex Factory, 2017). On the other hand technical analysis includes the study of historic fluctuations in the
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