This presentation explores the concept of identifying entrepreneurial opportunities. It covers topics such as introduction, gap analysis, data interpretation, and conclusion. It also discusses the use of innovative tools and techniques for business success.
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Identifying entrepreneurial opportunities Task- 3
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Introduction Entrepreneur is an individual who generally thinks about innovative ideas and thoughts in order to run business successfully by bearing numerous risk factors to get huge benefits any time. Thus, an entrepreneur plays an essential role within the economy and offer numerous job opportunities to people that maximize their working skills and knowledge as well. Gap analysis along with SWOT framework and PESTLE framework will get covered
Gap analysis Cool Fresh Juice Bar is aiming to have Peanut butter banana shake with innovative thoughts and ideas. For this represented café has been conducted survey in order to know about consumer’s taste at marketplace so that they can bring more modification towards goods and services. For survey, they have been take 30 respondents by which they have been developed effective questionnaire.
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Continue…. Along with the help of this questionnaire this Juice Bar able to know which type of their services consumers will like the most, those are as follows: Q1) Do you satisfy the services will offer through Cool Fresh Juice Bar? a) Yes b) No Q2) Do you like new item that named as Peanut Butter Banana Shake provided by this Juice Bar? a) Yes b) No
Continue…. Q3) Do you meditate chances for this new juice bar will rise though doing business? a) Maximize Market share b) Increasing sales of juice bar c) Skill to obligate vast market share in broader context Q4) Do you think that respective juice bar will enhance its market share into next 4 months? a) Agree b) Disagree Q5) According to you, what kind of barriers will be faced by this juice bar at marketplace? a) Less techniques b) Less communication c) Both of the above Q6) Give recommendations for Juice Bar to enlarge its trade into globally.
Data interpretation Q1) Do you satisfy the services will offerthroughCoolFreshJuice Bar? Frequ ency a)Yes18 b)No12 a)Yesb)No 0 2 4 6 8 10 12 14 16 18 20 Series1
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Continue…. Q2) Do you like new item that named as Peanut Butter Banana Shake provided by this Juice Bar? Frequ ency a)Yes16 b)No14 a)Yesb)No 13 13.5 14 14.5 15 15.5 16 16.5 Series1
Continue…. Q3) Do you meditate chances for this new juice bar will rise though doing business? Frequ ency a) Maximize market share12 b) Increasing sales of juice bar10 c) Skill to obligate vast market share in broader context 8a) Maximize market share b) Increasing sales of juice bar c) Skill to obligate vast market share in broader context 0 2 4 6 8 10 12 14 Series1
Continue…. Q4) Do you think that respective juice bar will enhance its market share into next 4 months? Freque ncy a)Agree15 b)Disagree15 a)Agreeb)Disagree 0 2 4 6 8 10 12 14 16 Series1
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Continue…. Q5) According to you, what kind of barriers will be faced by this juice bar at marketplace? Frequ ency a) Less techniques17 b) Less communication7 c) Both of the above6 a) Less techniquesb) Less communicationc) Both of the above 0 2 4 6 8 10 12 14 16 18 Series1
Conclusion As per the above mentioned assignment it has been concluded that, an entrepreneur always needed to determine their opportunities at marketplace by which they can achieve their goals in regards with particular business venture or any start up. Moreover, in this file an entrepreneur has been used ample number of innovative tools and techniques along with so many sources to represent their business at marketplace in a perfect way. It increases their business value and goodwill in front of their customers.