Entrepreneurship

Entrepreneurship
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EXECUTIVE SUMMARY
Entrepreneurship process is explicated towards set up of new business organisation which
takes financial risk for generating profitable results from company operations and functions. The
person has experience in the service industry and it comes from previous jobs as this relates with
banking industry. Opportunity related with pandemic conditions define individual is focused
towards becoming an entrepreneur. Within this the focus is to start and establish parcel delivery
systems to fulfil consumer needs in pandemic conditions. Due to the lockdown and restrictions
of movement from one place to another all individuals are purchasing products from online
platforms. So to deliver them parcel delivery perform an important role as the main operation of
organisation is to take product from the place and then deliver it to the customers. This report
demonstrates about the market opportunity and their role for overcome from the pandemic
conditions. In the last, management team with roles of making plans to complete task in an easy
manner in pandemic conditions.
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Contents
Entrepreneurship.............................................................................................................................1
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
BUSINESS DETAILS.....................................................................................................................4
LOCATION.....................................................................................................................................4
MARKET/INDUSTRY ANALYSIS..............................................................................................5
USP AND COMPETITOR ANALYSIS.........................................................................................6
OPERATION PLAN.......................................................................................................................7
RISK AND CONTINGENCY PLAN.............................................................................................8
MARKETING AND SALES STRATEGY.....................................................................................8
FINANCE AND FUNDING PLANS............................................................................................10
MANAGEMENT TEAM..............................................................................................................11
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................13
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INTRODUCTION
The term entrepreneurship is explained as a process of formulating business plan and
action for establishing a new venture or company. Due to current pandemic conditions a lot of
individuals lost their job and some of them identify as an opportunity for open their own business
venture. This report is written from perspective of parcel delivery organisation as an individual
identify it as a new business idea and it is named as FAST PARCEL MASTERS. They deliver
quick parcel services at doorstep of buyer home or office within the specific market of London
(Ahmadi and O'Cass, 2016). Moreover, for understand the concept of entrepreneur this report
highlights on business detail and information, product and competitors analysis, understanding of
market and location. Along with this risk related action, financial analysis and management plan
will also focus in this report for establishing business in competitive and niche market.
BUSINESS DETAILS
Entrepreneur who engage in the parcel delivery operations or business provide supports
to the individuals for overcoming from current pandemic conditions. With open the organisation
for parcel or delivery of products management consider that a lot of problems are solved through
performing work in an organised manner. It determines buyer or consumers buy essential
product and Fast parcel master deliver them in minimum time period. Further, according to
current market conditions this is identified safety measures perform an important role for the
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