Safe Environment: Innovative Waste Management Business Model

Running Head: ENTREPRENEURSHIP 1
Entrepreneurship: Safe Environment

ENTREPRENEURSHIP 2
Executive Summary
In today’s business environment, introduction of new and innovative business can affect the
growth and success of existing businesses. To introduce a new business, entrepreneurs need to
be very creative and innovative so that they can operate their business successfully. The major
objective of this report is to introduce a new business of waste management and minimization
and the organization will be named as “Safe Environment”. This organization will be established
in New South Wales State of Australia as the percentage of wastage is increasing every year.
This is the major reason that company is introducing this business. This includes the business
report that defines different blocks of business model canvas for this firm like key resources, key
activities, value proposition, and key partners, cost structure, revenue streams etc. In the end
section, feasibility analysis of the business is conducted to analyze different resources.

ENTREPRENEURSHIP 3
Table of Contents
Introduction.................................................................................................................................................4
New Business Venture and Services............................................................................................................4
Business Model Canvas...............................................................................................................................5
Customer Segment..................................................................................................................................7
Value Proposition....................................................................................................................................7
Customer Relationships...........................................................................................................................7
Channels..................................................................................................................................................7
Key Activities...........................................................................................................................................8
Key Resources..........................................................................................................................................8
Key Partners............................................................................................................................................8
Revenue Streams.....................................................................................................................................8
Cost Structure..........................................................................................................................................8
Feasibility Analysis.......................................................................................................................................9
Market Feasibility....................................................................................................................................9
Technical Feasibility.................................................................................................................................9
Human Feasibility....................................................................................................................................9
Financial Feasibility................................................................................................................................10
Conclusion.................................................................................................................................................11
References.................................................................................................................................................12

ENTREPRENEURSHIP 4
Introduction
Entrepreneurship is a practice that shows the willingness and capacity of an individual to develop
and manage a business undertaking along with its risks so that it can make a significant profit.
An example of entrepreneurship is to start a new business that is innovative and unique from
existing business (Drucker, 2014). To produce profits, an entrepreneur combines labor, land,
capital and natural resources. In today’s competitive business world, entrepreneurial spirit is
featured by risk taking and innovation. There are some innovative businesses which can be an
important part of country’s ability and they can change the life of people and environment in
global environment.
Considering this fact, this report is focused on introducing a for-profit business of waste
management that will be collecting, recycling/composting the market waste from municipality
waste processing plant and factory emissions to use as a consumer good. The business will be
named as “Safe Environment” which will aim to improve the life of people, environment and
natural resources. This report describes the business model canvas for this new and innovative
business idea that will be established in Australia. At the end, it conducts the feasibility analysis
of Safe Environment’s business.
New Business Venture and Services
Australia is one of the richest nations all over the world still this country is losing the recycling
race and it is ranked on 17th among OECD countries. In the country, waste generation has
increased considerably by 25% between 2006-2006 and 2016-17. Australian population is
generating more waste at 2.2 tonnes of waste per person per year. Wastage is the most quickly
increasing economic and environmental as per the report of ABS (Department of the
Environment and Energy, 2016). The wastage in the country includes metal, industrial waste,
food, paper, plastic etc. In this way, it is the best and innovative business idea to introduce in
Australia so that it can assist country’s government and society.