Entrepreneurial Opportunity/Idea Essay
Added on 2020-07-23
11 Pages3357 Words41 Views
Philosophy
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Entrepreneurial Opportunity/idea
Table of ContentsINTRODUCTION...........................................................................................................................11 Introduction of the entrepreneurial opportunity ideas and its value preposition.....................12. Critical Presentation of two entrepreneurial themes...............................................................33. Development Plans on Chosen Theme...................................................................................5CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONEntrepreneurship is the biggest opportunity to start the new business. It is the individualidea which comes in new different way. Entrepreneur idea comes with new possibility such asnew jobs, product and services, business expansion, growth in business expansion.Entrepreneurship is simple word which defines group of activities that helps to start the business.Entrepreneur is the person who launch and design new ideas and designs. It helps country fornew developments, it plays very major role to accomplish the needs and wants of customers. Forthe current report “Interior culture” company has been taken into action. It is a new start upcompany of interior designing. The individual person is very innovative and creative to makeinterior of buildings, offices, shops and houses. It will explain the various opportunity ideas andthemes which helps company to accomplish the objectives. 1 Introduction of the entrepreneurial opportunity ideas and its value preposition.Entrepreneurship opportunity are usually defined in terms of creativity and innovation.Individual play a very difficult role to innovate new things and ideas. The main purpose ofindividual is to gain profit maximization and full fill the customer needs. Every idea has its ownvalue preposition that helps to achieve the customer attraction(Chandra, Styles and Wilkinson,2015). Interior Culture company come up with new idea that Interior should be different andpositive in terms of business or for householders, it promotes their business through online. Theyconnect people and give all information regarding new designs and products. Online is the mostsuccessful factor to expand the business. Like social media sites such as twitter, Instagram,Facebook, my Space etc. “Interior Culture” also make their own website to aware the peopleabout new information. The company post their services and products on social sites and earnenough amount of customer attraction. The firms also provide some additional benefits to thecustomers(David, et.al, 2018). Such as some discounts or exhibitions, seminars etc. Today's timethere are many people who want to renovate their shops, house building with new different ways.It helps to make new environment and attractive atmosphere in the place. Entrepreneur is theperson who needs to make new different ideas and service to retain the customer attractiontowards the company. Apart from this, due to heavy competition in the market business personneeds to invent new product and services to maintain the sustainability. Entrepreneurialopportunity is that term which is future oriented action(Davidsson, 2015). Its opportunity basedon its ideas and creativity, Some of the entrepreneur opportunities discussed below. 1
Entrepreneur Opportunities.Invest in multiple business:Entrepreneur needs to invest in multiple activities to focuson single ideas. It helps to engage with many activities to accomplish the single objective.Like “Interior Culture” may engage itself into social activities to gain the trust and faithof the society. It helps company to build public image in the market. This increases thesales revenue and opportunities. Apart from this investment activities is the positive toget good returns. It also makes new business expansion and new opportunities. Quality Content and Products: Quality is the main factor in the business. Customeralways prefer durable and long lasting products. Company needs to provide quality ofservices to attract the customer attraction and customer loyalty. “Interior Culture” Needsto make Quality content for their website to attract customer preference. Good contentgives company new sales revenue and profit. It gives new opportunities and growth forfuture purpose. Quality of services also make new image for the business betweencompetitors(Gaglio and Winter, 2017). This profit maximization helps company to investin further activities. Social Media Power: It is the another opportunity of entrepreneur to make their businessmore competitive. Social media trend is the biggest trend in the market. Company caneasily connect with the customers through social sites. This opportunity is very flexible interms cost. Social Media can place the business and brand in the centre of attraction.Apart from this it gives you new ideas and helps to determine the current trends.Company needs to analyse the customer wants and requirements on the basis they createnew designs. Skilled employees:It is the important entrepreneur opportunity in the business.Employees is the key factor to implement the pans and ideas. Cited Firm can use Humanresource to make quality of services and designs(Lerner and Hmieleski, 2015). Withoutthe help of Employees company cannot achieve the overall task. In terms of Interiordesigning Company needs to recruit skill full employees who contribute their efforts incompanies goals. Talented employees of the company also give new ideas and thoughtsto make environment positive and motivated. Investors:Company business growth also attracts new investors towards the company.Innovative ideas and quality of services. For new start-ups most of the investors2
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