Essay on Entrepreneurial Opportunity

Entrepreneurial Opportunity

Table of Contents
INTRODUCTION...........................................................................................................................2
1. Introduction to entrepreneurial ideas.....................................................................................2
2. Entrepreneurial theme.............................................................................................................6
3. Development Plan...................................................................................................................7
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUCTION
An entrepreneur is referred to as a person who has innovative ideas that is used by him
for gaining economic benefit. However, an entrepreneur can also be defined as an individual who
is associated with development of new activities and ensuring the completion of task.
Entrepreneurship can be considered as the procedure of discovering various methods of
combining resources in an effective as well as systematic manner in order to realize a market
value. The report has focus on entrepreneurial theme and the way it relates to the proposed
business venture. These themes will assist entrepreneur in developing understanding about the
business and will support them in managing business in successful manner. Startup companies
and colleague students are the target of consultancy firm. The target market that can be used by
human resource consultancy firm can be categorized into two segments such as emerging high-
tech origination and non-high-tech business unit.
1. Introduction to entrepreneurial ideas
The business idea is to develop and introduce business clients. This idea is similar to
human resource consultancy business. This is basically a recruitment agency. Human resource
consulting organization require one or more experts that could provide professional advice to
customers. The purpose of the enterprise is to offer easy access to industry specific consultant on
various or particular subject matter. It is very difficult to set up a new operating business as such
organization require huge capital investment and resources. Introducing clients to existing
business is an effective idea as there is less risk of failure and it also requires less investment. In
this business, entrepreneur will get a chance to target candidates those who require jobs and other
party is organization or companies that are needed to hire fresh talent. This business is selected
as in such as competitive demanding the companies generally do not have much time to waste on
conducting a lengthy procedure to hire skilled and talented employees. So, these organizations
hire outsider party to conduct such procedure for enterprise (Fayolle and Gailly, 2015).
The reason of establishing the Recruitment business is to provide affordable recruitment
solutions to small and medium sized businesses. But not at the cost of sacrificing organization
well established service levels. The business entity has understanding that other enterprise or
multinational companies want two things from a recruitment agency that is great candidates and
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Budget pricing. The cited Venture provides both. The quality of services will assist firm in
achieving success and fostering growth. It will also support business entity in establishing good
position in market and wining over competitors.
An organization value proposition is defined as the benefits that company provides to its
client. A staffing organization unique strategy of value proposition include adopting the cost
leadership pricing strategy as this will help Business venture in attracting more number of
customers. The same has been adopted in the present business idea and hence all the services that
will be provided by the recruitment agency will be effective enough so that the requirements of
the customers can be met in the most effective manner.
The recruitment agency has opportunity to gain profitability. The business entity has a
chance to get specialized in the recruitment field. It has an opportunity to develop and introduce
unmatched services in order to attract more number of customers. Recruitment agency has an
opportunity to use technology such as internet and social media sites for recruiting candidates on
behalf of other enterprise. The firm has a chance to introduce online training program me for
candidates as this will help business venture in increasing sales, profitability and fostering
growth.
With the increase in competition level, there has been rise in demand of skilled as well
talented workforce and demand for such type of business (Zahr and et.al, 2014.) Human
resources business there are many specialties such as strategic management, information
technology consultant, human resource consulting, virtual management consulting, operation
management consulting etc. (Hatten, 2015). Human resource fusion refers to as the management
practice that provides comprehensive range of human resource solutions with a business focus.
Human resource is the nucleus of a multidisciplinary team of human resource specialist. This is a
dynamic business that excel in providing training and consultation to candidates. The business
has focus on people in organization.
Entrepreneurial opportunities can provide entrepreneur an opportunity to bring drastic
and positive change in business and improve method of working. These opportunities can be
achieved by individual if he has desire to become effective entrepreneur. There are many
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