Entrepreneurship in Business

This presentation discusses the concept of entrepreneurship in the context of Molly & Smith Pvt. Ltd., a manufacturing business that offers bamboo e-bottles. It covers the aim and objectives of the proposal, entrepreneurial theories, and the benefits of using these theories. The presentation emphasizes the need to reduce plastic usage and promote environmental sustainability.

Entrepreneurship in Business

Executive Summary
This document has covered the idea of entrepreneur where, he has offered customers with bamboo made e-
bottles. It has also covered the marketing strategies, tangible and intangible requirements, financial plan
and feasibility of the whole new venture i.e. Molly & Smith Pvt. Ltd.

Table of Contents
 Introduction
 Executive Summary
 Aim of the proposal
 Objectives of the business proposal
 Entrepreneurial theories
 Conclusion
 References

This presentation is based on the New Venture, named as Molly and Smith Pvt. Ltd., which will be a
manufacturing business organisation that will offer customers with e-bottles made with bamboo. since
the environment is getting polluted due to many reasons like use of plastic and other harmful materials,
has not only impacted on the health of human beings but also affected environment of this today’s
world.
Introduction

Without an aim or objectives, a business proposal cannot be developed. This section can be considered
as the root of the whole project where everything gets identified and planned in a way, that it will offer
the best out of it. Smith who is the owner of Molly and Smith Pvt. Ltd., has kept his aim of building this
new venture “To become the leading manufacturer of bottles made up of bamboo in all over United
kingdom and to support the environment.”
Aim of the Proposal

This proposal consists with a number of objectives and these are :
 To enhance the sales by 20 percent every year, with taking in use of zero plastic or any other harmful
materials that could impact upon health of people and environment.
 Another object that came in front that is To bring awareness among citizens of United kingdom, in regards
to what plastic products can do to both environment and health of human beings.
Objectives of the business proposal

Entrepreneurs
In present time, entrepreneur are said to be one of
the individuals that basically develops new
business ideas and works to gain competitive
advantages, so that goals can effectively be
achieved right on time. On the other hand, the
entrepreneur is commonly seen as an innovator,
a source of new ideas, goods, services, and
business/or procedures.

Entrepreneurial Theories
In present context, there are two theories of
entrepreneurship has been taken into
consideration and these are: Need for
achievement theory and theory of social change.
 Need for achievement theory
 Theory of social change

Need for achievement theory
If it is talked about need for achievement theory, then
this is said to be one of the crucial theory, which
was undertaken by Smith, while identifying the
business idea.

Continue...
Basically, this is said to be the best approach as it made entrepreneur realise about the basic need that
customers are looking for in specified time frame.

Theory of social change
On the other hand, if it is talked about theory of social
change then it is said to be one of the crucial theory
that has helped looking into the actual perception
of targeted customers towards plastic products and
services, as it is directly affecting the environment
and so on.

Continue...
Including this, it will also be beneficial for the business firm i.e. Molly & Smith to consider the business
idea, that has been taken into consideration of bottles made up of bamboo as it is creative in nature.

Benefits of using Entrepreneurial Theories
Number of Benefits are mentioned underneath:
 The growth of Managerial Abilities
 Creation of Businesses/Organisation
 Promotes Better Standard of Living
 Economic Development

Conclusion
With the help of above mentioned report, it can easily summarised that is not an easy task to propose a
business organisation as it may main lead to risks all the saved money, by the entrepreneur. But, once idea
get successful, this may lead the owner of the business to touch new heights in a specified time frame.

References
Dana, L. P., 2018. ENTREPRENEURSHIP & SMALL BUSINESS.
Dupuis, A., 2018. Entrepreneurship: New perspectives in a global age. Routledge.
Fairlie, R. W. and Fossen, F. M., 2018. Opportunity versus necessity entrepreneurship: Two components
of business creation.

Thank You