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New Business Start UP Strategies

   

Added on  2019-10-31

12 Pages3255 Words144 Views
Running head: NEW BUSINESS START UPNew business start upName of the StudentName of the UniversityAuthor Note
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1NEW BUSINESS START UPExecutive summaryThis report majorly consists of the analysis of a case study where the two entrepreneurs, Olyand Toby started up a business. In the report a detail analysis of the strategies adopted bythem has been done. The primary purpose of the report is to analyze the pitfalls and the goodpoints of the steps that have been taken by them to establish their business. Further, ananalysis of the ideas has been done in the report. Finally in the end of the report somesuggestions has been provided which could help the progress of the business.
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2NEW BUSINESS START UPTable of ContentsAssignment two..........................................................................................................................3Introduction................................................................................................................................3Idea and the strategies................................................................................................................3The opportunities.......................................................................................................................5Risks involved in the business...................................................................................................6Future of the business.................................................................................................................8Conclusion..................................................................................................................................9References................................................................................................................................10
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3NEW BUSINESS START UPAssignment twoIntroductionThe report primarily focuses on the new business venture of Oly and Toby. It furtheranalyzes the strategies that were adopted by them. It also consists of the opportunities theyinvested on and the risk that they had undertaken to initiate the business. The main purpose ofthe report is to study the ways of their start up and evaluate the process critically. They had toundergo a lot of struggle in order to establish their business. The report does a detailedanalysis of the situation and the steps that has been taken by them to adopt the strategy.Finally, in the end a logical conclusion has been provided. In the end of the report, ananalysis has been done whether the business would fizzle out or it would be a successful one.It also analyses the decision taken by Oly and Toby and the risk that it carried. They both hadtheir families and even they had small kids. Their passion and love for cars made them to takethe risk of mortgaging their house. It has definitely become a successful business now as it isdeveloping day by day and has become a large team at present.Idea and the strategiesToby and Oly both wanted to start up their new business. They had passion for cars.To start up in a fresh manner they had taken a spare bedroom and the only equipment theyhad was just a fax machine. The next step they took was to convince all the garages of UK tojoin them and increase their network. Initially it was difficult for them. The only advantagethey had was they had many garages near to their business location. Many garages were in anarm`s distance which definitely was a benefit for them. This was their first challenge. Theyneeded to convince them and check the insurance and financial data of them. They aimed atcreating a strong team. They hired many mechanics and had a talk with many garages. Their
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