Innovation and Entrepreneurship in Electric Bike Hire Shop

Innovation and
entrepreneurship

Table of Contents
Introduction......................................................................................................................................3
Executive summary.....................................................................................................................3
Start-Up Business Idea (Product / Service).................................................................................3
Industry profile............................................................................................................................5
The business model ....................................................................................................................5
Point of differentiation................................................................................................................6
Challenges to the business idea- ................................................................................................6
Prospective Customers- ..............................................................................................................6
Business marketing plan- ...........................................................................................................7
Competitor analysis- ..................................................................................................................8
Intellectual Property- ..................................................................................................................8
Appendix- ...................................................................................................................................8

Introduction
Innovation refers to a creative idea or something new in the existence of the old technology is
known as innovation. It is a process of translating an idea and innovation or invention into
products and services which creates value to the existence which consumers will pay. In order to
satisfy the needs of the customers innovation results something when ideas are applied.
Entrepreneurship is a process of designing launching and running a new business with an idea
and hope to become successful in the particular sector, to develop, organize and manage a
business venture with risk to make higher profits. Entrepreneurship is a willingness and hope to
develop a business idea and take risk against the odds and setting something new in the existence
and manage a business venture with any kind of risk to make a business profit and also with
then intention to serve society.
Executive summary
Electric bike hire shop is a registered electric bike hire shop that will be located in the
street in the beach of Southwold, Suffolk, England. We came with idea of giving bikes on lease
that facility which will big enough to fit in to the design of electric bike hire shop,we invented
this shop in the Southwold, Suffolk, England one the busiest and among the largest beach of the
England. Electric bike hire shop, our core services will be hiring electric bikes to customers, but
we will also be involved in retailing new bikes like, we have different types of bikes like electric
bike, bikes for mountains which is called as mountain bikes, simple road bikes, dirt bikes, and
other types of bikes and we also have bikes parts whatever parts is missing can be found out at
our shops and we purchase these parts from the leading parts company who makes different parts
for various kinds of vehicles and bikes in the automobile sector. Electric hire bike also ensure the
customer are given first class treatment whenever they visit our shop so here we also provide the
customer relationship management (CRM) software to know the customers preferences and what are
the requirement they want from to change. We are also aware of over competitors who also have hire
bikes but they have bike dealership which runs on petrol. We are very much aware of our
responsibility regarding to our business. Our main as an enterprise we want to save the planet from
pollution and we care our customers as well.
Start-Up Business Idea (Product / Service)
we provide bikes, E- bikes electronic bikes which came out as an start-up on the busiest
beach of Southwold, Suffolk, England which gives tourist and others residents to have fun