Entrepreneurship and Business Idea for Green Bags

Enterprise and
entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Proposed future business :...........................................................................................................3
Customers :..................................................................................................................................3
Competitors :...............................................................................................................................4
Skills :..........................................................................................................................................4
2 year profit and loss account and proposed 2 years cash flow forecasts including break even.5
Sources of funds to grow business..............................................................................................6
Plans for obtaining resources, both tangible and intangible between now and either 1-2 year. .7
Type of management information system that is require in business.........................................7
Vision of Business Idea...............................................................................................................8
CONCLUSION ...............................................................................................................................8
REFERENCES:...............................................................................................................................9
Books and Journals:....................................................................................................................9

INTRODUCTION
Entrepreneur is an individual that first starts a new business, bear all the risks and
responsible for all the practice involved in the process of setting up an successful business and
enjoy the gotten rewards. Enterprise is the business that is performed by the entrepreneur with
the motive of building profits. This whole process of starting a business, providing a creative
product or service by considering the risks involved by the entrepreneur is known as
entrepreneurship (SANTOS and Ferreira, 2017). The following report is consisted of the various
factor about the chosen company 'green bags'. The several factor it includes are – details about
the product / service of the company with its proposed business, its target customers, its
competitors in the market, analysis of skills needed and used, accounts table, sources of funding,
plans, type of organisation and vision.
TASK
Proposed future business :
The product line of the business are eco friendly bags made up of paper to replace the
current use of plastic bags. This business idea is considered by looking at the current amount of
pollution made through usage of other types of bags that are harmful for the environment. The
use of plastic bags has a huge role in the pollution as they are biodegradable and takes thousands
of years to decompose. Each plastic bag has the ability to kill many animals include the marine
lives too. The use of these bags is common and can be easily found due to its cheapness. These
lead the market of bags that are used for carrying different products. The idea is to replace this
current use of plastic bags with one that are made up of paper (Cekuls, 2018). Use of paper bags
helps in coping up and minimising the pollution as these can be recycled after use and are made
from natural sources. Green bags can use trademarks as the intellectual property rights to have a
strong position and protect the business idea and enterprise. A trademark is a sign, expression or
design which makes the source identifiable. It legally states that it cannot be used by other
business organisations as their own.
Customers :
Target customers for dealing the product in the market are the business firms who have
high demands of using (for their sake or for providing to the customers) or selling of bags. Green
bags will have to deal in the B2B environment for achieving success in sector. It can target the