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Starting a Business Assignment (Solved)

   

Added on  2020-01-28

17 Pages3904 Words54 Views
Starting a Business

Table of ContentsEXECUTIVE SUMMARY PART 1...............................................................................................4Company Introduction.................................................................................................................4Business aims and objectives.......................................................................................................4Description of the product or service...........................................................................................4Marketing research and potential growth identification..............................................................5Competitor analysis.....................................................................................................................6Marketing strategies.....................................................................................................................8Business strategies.......................................................................................................................9Financial feasibility...................................................................................................................10Sources of finance......................................................................................................................14Legal rules or regulations..........................................................................................................14Use of information and communication technologies to achieve business objectives..............15Identification of potential risks and ways to mitigate it............................................................15REFERENCES..............................................................................................................................17

EXECUTIVE SUMMARY PART 1Company IntroductionShopping time is an online platform which will offer wide range of products and servicesto the customers. Through this, entrepreneur who will be sole proprietor of this online platformwill provide opportunity to the small business enterprises to offer their products through themeans of online services. It is one of the main innovative aspects which make this businessdifferent from the rivals. Shopping time will place high level of emphasis upon providing thedetailed information about the products or services. Further, this online platform will also makefocus upon the effective products packaging. Besides this, appropriate sources of finance will beundertaken by the entrepreneur by taking into the results of feasibility analysis. Sole proprietorwill also follow all the legal rules and regulations to build and maintain faith in the mind ofstakeholders. Risk assessment strategies will also be undertaken by the entrepreneur to identifythe threats which have impact upon the growth and success of the firm.Business aims and objectivesTo offer online platform to the small business enterprise. To provide quality product or services to the customers.To build the confidence and loyalty of the customers towards the site.To provide convenience to the customers of East London. Description of the product or serviceEntrepreneur will offer huge variety of the products to the customers. By accessing suchsite customer will able to purchase clothes, electronic gazettes, retail and other luxury products.Thus, this site will offer all kinds of product or services to the customer which entails theirsatisfaction among the customers. CATEGORIESPRODUCTSClothesTraditional and designerwears (Ranging from kids toadults)Electronic gazettesSmart phones, speakers, ironetc.AccessoriesWatch, handbags and belts

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