Identifying Entrepreneur Opportunities

This presentation discusses the process of identifying entrepreneur opportunities and conducting gap analysis. It highlights the importance of data interpretation in the marketplace and provides references for further reading. The presentation is relevant for individuals interested in entrepreneurship and business development.

IDENTIFYING ENTREPRENEUR
OPPORTUNITIES

Gap analysis.
• For some of entities, this is crucial to collect significant information. It aids to analyzing the
current conditions of the enterprise and also aids to determine the that whether the business will
be success in future or not.
• In addition to this, e-tailoring start-up data needed to be composed within UK fashion industry.
Therefore, these are outlined in the below manner as-:
• E-tailoring start-up that offers online tailoring services to people. There are variety of the
services that are needed to be offered such as stitching, to make selection of design, clothing
material.
• It is the service that will offers to the both women and men. In order to reach the e-tailoring
website, the customer needs to make the request to get access to it.

CONT..
• Henceforth, there are some particular data that can be helpful to gain particular data and data
that assist to undertake the maintenance the gap analysis.
• Thus, clothing industry of the UK will raise with by the 16.6% in the 5 year. Henceforth, the
profitability will be enhanced with £51.2 billion.
• Hence, this has been found out that there will be rise cost of manufacturing of producing the
clothes. In addition to this, the men wear in the market will enhance by 21.2% till 2022 in the
UK and cost of the women wear will be enhanced by the 5.8%.
• Hence, this has been analyzed that there is high rise in the use of internet. In the present era, the
number of the people are relayed over internet.

Interpretation of data
This is very crucial to collect the data in relation to marketplace. It is the information that can be
very helpful to undertaking effective analysis on the current and future situation in the market
place and organization. In addition to this, the data collected by the business aids to predict the
future needs of the business.
London is the place that termed out as major fashion Hub of the United Kingdom. So, this can be
stated that this is very crucial for organization that evaluate the current data in relation to
marketplace in the effective manner.

CONT..
Hence, this also has been investigated that as per the market data this also aids to rise in the cost of
the production as this will offer the customer ease in services. In the upcoming 5 year the
profitability of the cloth industry will be enhanced with the 17%.
As per the market data till the year 2022 the male clothing market will be enhanced with 21.2%
and this kind of the services will be also aids to rise in clothing to women with 5.8% in United
Kingdom.
By looking over scenario in the market, organization needs to put more focus on online business
that has reduced the business cost of operating. Therefore, the goods and services are on the online
market. Hence, this can be stated with help of example such as- the product such as electronic
equipment grocery, product are avail on the online stores.

REFERENCES
Books and journals
Arora, A. and et.al., 2016. The acquisition and commercialization of invention in American manufacturing:
Incidence and impact. Research Policy, 45(6), pp.1113-1128.
Gachie, W. and Govender, D.W., 2017. Commercialization of higher education institutions research within�
the National System of Innovation. African Journal of Science, Technology, Innovation and
Development, 9(4), pp.387-397.

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