Waste Management and Renewable Energy

This assignment delves into a business plan focused on utilizing food waste as a source of renewable energy. The plan outlines the process of converting organic waste into electricity, highlighting the environmental benefits and economic potential. It examines key aspects such as financial budgeting, break-even analysis, and market viability, emphasizing the increasing demand for sustainable solutions in Europe.

Entrepreneurship
Opportunity

Table of Contents
INTRODUCTION...........................................................................................................................1
ENTREPRENEURIAL THEME.....................................................................................................3
BUSINESS IDEA DEVELOPMENT.............................................................................................5
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The entrepreneurial opportunities provides huge possibilities to establish a successful
business in marketplace. The business idea developed by a master student after completing his
degree is collecting the organic waste form different sources and after processing it successfully
convert this in electricity to provide source of energy to huge population (Mainela, Puhakka and
Servais, 2014). This particular entrepreneurial business idea contributes of collecting the
biodegradable and organic waste from various sources like houses, hotel, restaurants the public
dustbin in public areas and garbage in busy streets, waste from school hostels, supermarkets etc.
All these are sources for the raw material to recycle waste into useful energy sources like fuel as
gas or as electricity. This is the business idea developed by the entrepreneur in order to again the
high amount of profitably in waste management processes.
The uniqueness in business idea lies in concerning the waste in high amount of energy
sources. The high amount of organic waste in continuously adding on the landfills which is only
increasing the taxes and also negatively affecting economic condition of country. This waste also
gives birth to many diseases which affects healthy lives of people at large. So, the business idea
developed by the entrepreneur is unique as this is utilising the waste collected from houses to
generate electricity from waste and contributing in high amount of profit for firm through selling
electricity to various users all around the globe (Alvarez Barney and Young, 2010).
The target market of the business plan are the people, families, communities and the
various business which are using electricity in their daily actions. The various corporates
businesses are utilising high amount of electricity in their reproduction process. So, these
corporate businesses can be potential and most profitable targets for the business idea. While
targetting a wider scope of markets can be operated through targeting the all houses electricity
supply in the worlds. This crates a large scope of success for the entrepreneurial venture as if
every house add only 1 euro in their electricity consumption than targeting all the house in nation
can contribute large amount of profits for the firm.
The value proposition of entrepreneurial business idea is that this contributes in
sustainable development of natural environment (Baron and Henry, 2011). This largely also
contribute in providing a natural way to product high amount of electricity without harmonizing
to people lives and also to the environment of globe. This also proposing business value to the
government responsibilities and corporate responsibilities of firm and also for the society people
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and customers. This business idea largely contribute in increasing the profitability of the firm
along with increasing the economic values in country. This also propose a higher level of value
to decreasing landfills and waste in the country and effectively manage the biodegradable
garbage into source of energy.
The first customers to the business can be the people from the venture is collecting waste
like houses, restaurants hotels, supermarkets etc. Later on the potential customers for the
business idea are the people or corporation engaged in utilizing various resources of energy in
their actions and operations (Short and et. al., 2010). All the manufacturing corporation, service
companies, small scale businesses, house, communities, government buildings, restaurants hotel
all are the potential and profitable customers of the entrepreneurial business idea. This contribute
in higher amount of profit for the firm and increase the earning of business to a large.
These customer can be approached through developing an interactive mobile app.
Through which the suppliers of waste are connected with that of business and also the various
people who needs electricity connection can access the business services through online
ordering. Also providing some promotional tools and offers to the suppliers of waste can be
achieved in business corporations too. So, the entrepreneurial venture are having shared
customers and superior for the business operation which can be reached through online
promotion, advertisement, TV ad and social networking sites, emails, newsletters.
The customers wants related with the business offering is that the electricity should be
provided with the cheaper rate. Also the electricity should be provided with lower level of
fluctuation in voltage in order to receive a safe and secure connection in home and corporates.
All these needs can be accessed through advertising the various reviews and feedback on social
networking sites. The response of the customers also addressed through consulting with the
experts in markets or this can be done through developing an on market research and carrying
out a survey to get consumers response towards firm offering and products (Suddaby, Bruton
and Si, 2015).
The business is working with high profit margin as the company collecting cheap
resources from the suppliers as raw material in collecting waste and providing electricity. So, the
business can provide electricity at cheaper prices to the customers. Also the lower fluctuation in
the electricity voltage can be achieved through installing a stabilizing technique to maintain a
constant level of voltage in current flow.
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ENTREPRENEURIAL THEME
It is required for the business to develop various themes in order to generate new ideas which
helps in achieving higher level of profit to the enterprise (Webb and et. al., 2011). In order to
providing direction to operation of business, various themes plays an important role to achieve
appropriate advantage of the opportunity available in the business environment. Following are
the various themes and concept of business:
Theme 1- Recognition: It is important of an entrepreneurship to identify various development
opportunities available in the marker which help them in formulating various strategies to
convert these opportunities into profitability. The entrepreneurship should need to develop
business plan which through which they face less risk while converting opportunities into
profitable manner.
Theme 2-Discover: The entrepreneurship need to find out the new approaches in order to deal
with various difficulties and attain profitable situation in market (Block and Wagner, 2010).
Discovering new ideas or concepts that will help in attaining stable and strong position in the
market. It also helps in gaining competitive advantage through implementing new approaches in
profitable manner.
Theme 3- Invent: It means invention or creation of new ideas or concepts that helps them in
moving ahead than their competitors. Therefore It should need to required to invent themes
which can be followed by business in order to achieve profitability. Invention of new theme
helps the business to compete with their rival business in more effective and efficient manner.
Source 1 Daniel Clark. 2014. Guidelines: Waste Management and Its Recycling
With the given entrepreneurial project, recognition and innovations plays an important
role in achieving profitability as well as competitive advantage. Business should need to identify
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the needs and demands of the market and accordingly made new innovations in order to fulfil the
market requirement effectively.
Source 2 WASTE MANAGEMENT OF SAN DIEGO & ORANGE COUNTY. 2017
As per the recognition theme, it should required for entrepreneur to identify various
growth opportunities related to utilising wastage and garbage in the business. The person need to
find out and discover various entrepreneurship opportunities in order to recycle of wastage that
occur in the business (Perrini, Vurro and Costanzo, 2010). For example collection of garbage
from various MNCs, industries, supermarkets, restaurants, hotels and homes. As there is huge
population in country therefore wastage of garbage made adverse affect on the health of large
number of people. The wastage' smell dissolve in in air which cause infectious germs that harm
the human body at large. Therefore it is necessarily required to collect all such waste materials
and utilize into profitable manner and through entrepreneurship activity it can be possible while
bringing new approaches which helps in dealing with wet waste material and convert into
profitable outcome.
The second theme is invention of new approaches in order to deal with wet waste and the
garbage which helps in achieving growth possibilities available in the market place. The
entrepreneurship should need to develop various new innovation like producing electricity and
the gas from the waste and organic garbage processing which helps in producing large amount of
energy and contribute in higher probability through utilizing waste material (Dimitratos and et.
al., 2012). Therefore following approach by the enterprise helps in getting garbage at low cost
and in return they provide electricity at low cost.
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BUSINESS IDEA DEVELOPMENT
Entrepreneurial development plan is the blueprint of business vale and the reflection of
the value that it is adding the business environment or to the market needs. Tyhe buiness idea
should be follow up through designing a effective development plan in order to act more
profitably in businesses environment The development plan of waste management company is
discussed as follows:
Company Information:
The business idea developed by the entrepreneur is collecting garbage from the various
resources in the nation. This accumulated waste is converted from garbage to the high energy
source in electricity (Hitt and et. al., 2011). The electricity is then discovered to the various
houses, restaurant, corporates in order to make high amount of profit in commercial environment
and contribute in sustainable development of business a well as the natural environment of globe.
Product Portfolio
The product offering of an entrepreneurial ventures involves providing cheaper electricity to the
various houses and the corporations in nation. This also by-product a good black manure in as a
by-product of processing organic biodegradable waste collected from houses and restaurants and
the corporations. The gas is also produced through precessing of waste material in the
commercial environment which act as fuel for different function in nation.
Operational plan of the firm involves converting the waste material in electricity and the
high quality manure as by product. This is an natural process followed in operations which
execute profitable functioning of the business in commercial environment.
The various resources required in development plan of the entrepreneurial are funds to
establish a basic infrastructure and machinery to recycle the natural waste and covert this into
electricity. While the raw material for the company operations are collected from the various
houses, restaurants etc. The man-force required in they establishment of entrepreneurial venture
involves workers at lower level, mechanical engineers, higher management etc.
The developed business plan is having great scope of profitably and this also contribute
in sustaining natural condition on earth (Mainela, Puhakka and Servais, 2014). The process of
developing business in waste management segment is that with increasing population and their
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changing habits huge amount of food is wasted which can be used in converting it into
electricity. So, this will be the profitable business in marketplace with having large amount of
raw material available at lower prices and also involves lower amount of funds in operations as
organic degradable substances through natural processes and generate high amount of energy
which can be offered to the potential customers to earn profit in business environment.
Situational Analysis:
The entrepreneur should become responsive in accessing situational analysis of the
business plan in order to evaluate the effective of idea and its profitability in the business
environment (WASTE MANAGEMENT OF SAN DIEGO & ORANGE COUNTY . 2017).
The SWOT analysis can be beneficial in evaluating the current compatibility of business idea to
that of entrepreneurial opportunities of the firm.
Strengths
The one of the major strength of the business
idea that it is developed in the natural process of
managing waste in nation and converting this
into energy sources.
Weakness
Major weaknesses of this respective business
idea is that the people are not aware about the
sustainable management of waste material using
them to produce energy.
Opportunities
The company is having various expanding
opportunity through which developed
environmental plan can be expand in various
sector of waste management like managing
electronic, wet and dry waste and converting
them in useful offerings for society.
Threats
One of the major threat in the business
development is that the government is changing
their polices with relation to waste management
approach which may foster orb hinder business
activities at large in commercial environment.
Objectives:
Corporate Objectives
The company aim is to connect about more than 10000 household in connecting waste
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garbage from house in next one financial year.
Another objective of business idea is develop a sustainable and profitable business of
managing waste and offering low cost electricity to the potential customers.
This can be finally decrease that the business plan can be profitable in developing higher
profit as the waste is increasing day by day as the food is basic need of people and also the
population in countries are increases with higher rate. This increase raw material for enterprise
operations largely and contribute in development of higher amount of electricity to contribute in
higher profitability of the firm. This develops higher entrepreneurial growth opportunities in
market place to act more profitably in the markets of Europe. This is the invent theme which
leads to use of technically more profitably to contribute in development of new products to
accomplishing needs of the business more efficiently and more profitably.
Financial Budget:
The company is needing huge financial resources in order to expand the business at
national level and contributing in increasing the customer base through providing electricity at
cheaper prices to houses on country. At the starting point the business requires low investment as
the process is totally based on natural biodegradable of waste material only the cost is incurred in
the transportation, infrastructure and managing machinery (Daniel Clark. 2014. Guidelines: Waste
Management and Its Recycling). This can be finally decrease that the business plan can be profitable
in developing higher profit as the waste is increasing day by day as the food is basic need of
people and also the population in countries are increases with higher rate. This increase raw
material for enterprise operations largely and contribute in development of higher amount of
electricity to contribute in higher profitability of the firm. This develops higher entrepreneurial
growth opportunities in market place to act more profitably in the markets of Europe. This is the
invent theme which leads to use of technically more profitably to contribute in development of
new products to accomplishing needs of the business more efficiently and more profitably in
sector.
Evaluation:
The entrepreneurial business developed plan should be evaluated on various grounds in
order to come up with and profitable business plan all the business activities should be provided
through developing a shorter pay back period.
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Break even point:
The break even point of a business can be defined as the situation at no profit and no loss.
At this point all the investment is recovered by the inverter from the business establishment. The
company should responsibly involved in attaining break even point as soon as possible.
Final Analysis
The developed business plan is having great scope of earning and profitability as company
process is linked with the wasted food by the people. With increasing population the organic
waste from the food is also increasing which can be collected form various houses, restaurant,
supermarkets to produce large amount of electricity and sell the offering in commercial
environment with large amount of profit margin
CONCLUSION
This can be conclude from the above report that entrepreneurial business is having great
scope of profitability as this targets the untouched segment of the business sector and increasing
profitability of the firm through coming up with a new business potentially targeting a special
needs of customers.
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REFERENCES
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