Entrepreneurship in Business: Molly & Smith Pvt. Ltd.

Business Owners
(Part - 1)

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. Along with this, cost and pricing strategies that has been taken into consideration are much
more effective in nature, that has raised ample number of benefits like competitive advantages,
enhancement within customer engagement and so on.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
Owners Experience..........................................................................................................................1
New Venture....................................................................................................................................1
Market Research..............................................................................................................................1
Operational Requirements...............................................................................................................3
Tangible and Intangible Requirements..............................................................................3
Legal Requirements...........................................................................................................3
Cost and pricing strategy........................................................................................................3
Financial Forecasting.......................................................................................................................4
1. Sales and cost forecast for products and services:..............................................................4
2. Affect of seasonal trends:...................................................................................................4
3. Overall business running cost:............................................................................................4
4. Cash flow forecast:.............................................................................................................4
5. Investment asked from investors:.......................................................................................5
Contingency plan/exit plan.....................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

Owners Experience
Entrepreneurship in business can be defined as a particular process which is particularly
enclosed with idea, design, launching and running a whole new business. Basically, the term i.e.
entrepreneurship is the capacity along with willingness to organize, develop and manage a
business venture along with any of its risks to make a profit (Dana, 2018).
Experience 1:
Smith is aware of the fact that, plastic and other harmful materials are disrupting
environment, which will soon became a reason of holocaust or can be cause of various disasters
like global warming, drought and many more. This concern has brought in his mind a unique
idea of manufacturing e-bottles made up of Bamboo so that he could earn good amount of profits
in a short span. In present report, the new business idea which has been taken into consideration
of Molly & Smith Pvt. Ltd, which is a whole new manufacturing venturer, that is looking
forward to manufacture e-bottles made up of Bamboo. Basically, this idea will not only grab the
attention of targeted customers but, it will also aid Smith in supporting the environment by
giving a message to the world of not using plastic products, when they can use unique shaped
products like e-bottles made up of Bamboo, which are biodegradable in nature.
Experience 2:
Jose, is the one who loves food, but due to infected food he has been through food
poisoning. This made him realise that the world needs to start eating organic food. Therefore, he
opened a new business named as Organic Farms. Basically, this company will be offering
customers organic food products, that are less harmful for people and it will also aid them in
saving environment as well.
Experience 3:
Mark, is said to be the one who works in IT department of a business firm. He is now
looking forward to open his own e-business store where, he will be offering customers with
various software, gizmos and so on. With the help of this, Mark would effectively become a
successful entrepreneur in a short span.
New Venture
Molly & Smith Pvt. Ltd, which is a manufacturing business organisation started working
at small level, considering an idea of earning profit along with saving the business environment.
1