Entrepreneur and Innovation - Courier Service

Running Head: ENTREPRENEUR AND INNOVATION
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Unit Name: Entrepreneur and Innovation
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1
ENTREPRENEUR AND INNOVATION
Executive summary
This report is on the entrepreneur of starting a courier service. This report states the clear
understanding of the new business process and the requirements before starting a new business.
Then its venture description, management, marketing planning, competitor’s analysis, financial
planning, risk and challenges faced by this industry.

2
ENTREPRENEUR AND INNOVATION
Table of Contents
Introduction..........................................................................................................................3
Venture description..............................................................................................................4
Management........................................................................................................................4
Marketing plan.....................................................................................................................6
Competitor analysis.............................................................................................................8
Financial analysis.................................................................................................................9
Risk and challenges...........................................................................................................10
Bibliography......................................................................................................................12
Appendix............................................................................................................................14

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ENTREPRENEUR AND INNOVATION
Introduction
A courier service is a service where one is allowed someone to send some parcel or
consignment from one location to another. Whereas a courier company is the one which delivers
messages, packages, mails and many other things. It can be done through different options like
speed, security, specialized and many other options which is dependent on the customers.
Courier service offers faster and secured alternative to provide delivery services. It has taken the
place of the traditional mail services which was slow and expensive. If the product that is
required to be deliver is heavy then the courier service is the best alternative. Courier service got
more popular with the arrival of the online shopping where consumers orders verities of item.
This increase of requirement led to the need of the specialized delivery services which could be
able to deliver the goods. Services that are provided by a courier services are delivery of large
items, safe and secured transportation, and delivery of important items, worldwide delivery, fast
delivery and ability to track the delivery. Some of the courier services offer extensive delivery
services to fulfil the need of the customers. Courier services got the popularity due to its superior
speed delivery and tracking capabilities. Ecommerce business led to the spread of courier service
more as some of the ecommerce operates has their own courier services or some make contract
to different courier partners to perform their tasks. Courier service operates in all scales and
some of the leading courier companies like DHL, TNT, and FedEx are worldwide known
companies. Over the past five years the industry are growing at a rate of more than 30 percent
and they seem to be keep on increasing. It is forecasted that the courier service industry are going
to grow more than 20 percent within two years.