logo

Think Big - Idea Generation Assignment

   

Added on  2021-06-16

11 Pages2373 Words37 Views
 | 
 | 
 | 
Running head: THINK BIG1Think BigStudent NameInstitution Affiliation
Think Big - Idea Generation Assignment_1

THINK BIG2Executive SummaryThis assignment will be a report about idea generation. A business plan idea of running a mobile repair center and proving high quality customer services will be presented. The business plan will present the mobile repair center as an idea of selling the service with a profit making objective to the business. Unique business modeling of perfecting the idea will also be presented in this report. The benefits of running a mobile repair center that offer first class customer services in the market will also be discussed in close detail. The report will mainly focus on describing the business idea of running a Repair Center that provides services to the target market.
Think Big - Idea Generation Assignment_2

THINK BIG3Table of ContentsExecutive Summary.....................................................................................................................................2Introduction.................................................................................................................................................4Benefits generated by the idea...................................................................................................................4Proposed business model............................................................................................................................5Value proposition....................................................................................................................................5Customer segments.................................................................................................................................5Customer relationships............................................................................................................................6Revenue streams.....................................................................................................................................6Channels..................................................................................................................................................6Key activities............................................................................................................................................6Cost structure..........................................................................................................................................6Key resources..........................................................................................................................................7Key partners............................................................................................................................................7Critical success factors.................................................................................................................................7Location...................................................................................................................................................7Skilled technicians...................................................................................................................................7Spare parts..............................................................................................................................................7Advanced level repairs............................................................................................................................7A quick service.........................................................................................................................................8Advertising both online and offline.........................................................................................................8Customer satisfaction and feedback........................................................................................................8Offering more products and services.......................................................................................................8Evaluation of feasibility...............................................................................................................................8Conclusion...................................................................................................................................................9References.................................................................................................................................................10
Think Big - Idea Generation Assignment_3

THINK BIG4Introduction A business idea is a concept which focuses on a product or service which can be sold for money by using a unique business model. In this task, we will describe the business idea of running a repair Centre and providing service to customers[ CITATION Hei11 \l 1033 ]. In our day to day lives,we encounter a lot of problems at home example broken mobiles. We go ahead to repair the mobiles by ourselves and this problem can be solved by running a mobile repair center which will offer repair services to customers. Innovation is required in this business idea because it's a business with a room for growth. This is because people spent a lot of money on home maintenance and repair per year. The customer segmentation includes; opening a retail shop where customers with broken phones go for repair services, selling repair services to institutions or organizations which have devices that require servicing and repairs and fixing and reselling devices that you acquire online through amazon or eBay.Benefits generated by the ideaOne can work at home by starting with just a shoestring, this makes the customers happy becauseyou are able to do something they cannot do[ CITATION Legne \l 1033 ]. As a result, customers’ loyalty is increased and this positions the business firmly in the market place.A mobile repair business generates good income and is always thriving in any economic climate.Generation of higher incomes boosts the company’s net worth making its easy to obtain credit from other money lending institutions as the credit rating is enhanced.The entrepreneurs of a mobile repair center are usually involved in the community they live. They may sponsor a local team, offer donations and also participate in some community charity events. Corporate social responsibilities increase a company’s reputation and public image hencebroadening its position in the industry.
Think Big - Idea Generation Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Business idea Generation on Smart Appliance service Assignment
|15
|2833
|54

Lube Mobile Auto Repair Business Plan
|11
|2332
|293

Unlockd: A Business Opportunity for Technology Startups in Australia
|13
|2072
|472

Idea Generation and Business Model Development
|13
|2508
|42

Deconstructing the Business of Amaysim, Australia - Think Big
|14
|2116
|339

Business Idea Generation on Shaving Trimmer Repair Centre
|17
|3365
|146