Managing Entrepreneurship, Innovation & Creativity: YourStore.com Business Plan

Managing
Entrepreneurship,
Innovation &
Creativity

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Task 2...............................................................................................................................................1
Option A...........................................................................................................................................1
What are the lessons that must generate business ideas in marketplace......................................1
What are the barriers faced by nascent entrepreneurs when developing their ideas and
concepts?......................................................................................................................................2
Task 3...............................................................................................................................................3
INTRODUCTION.......................................................................................................................4
Objectives:...................................................................................................................................4
Market Research..........................................................................................................................4
STP of Your Store.com ...............................................................................................................5
Marketing.....................................................................................................................................6
Human Resource..........................................................................................................................7
Operations – Using the Business Model Canvas
......................................................................................................................................................8
Legal Issues
......................................................................................................................................................8
Financial
......................................................................................................................................................8
Risks, Contingency
and Exit Strategies......................................................................................................................8
Other issues..................................................................................................................................8
CONCLUSION................................................................................................................................8
.........................................................................................................................................................8

INTRODUCTION
Managing entrepreneurship innovation and creativity explore the natures of innovative
kind of ideas to bring certain positive changes about how harness its inherent potential
(Chowdhury, 2019). In this student acquire necessary skills to start and manage projects
including business model innovation, leadership and communication. The role of innovation in
entrepreneurship by contrast is implementing to generate customised ideas of life. It is having
social factor which analysing to bring ideas towards life. Its having social which let people do
what they previously attain the challenges to commence the business. In this following report,
the new business has formulated towards attain new objectives to accomplish outcomes. The new
business is YourStore.com. As per the concept of this new business is coming through to offer
home appliances, grocessory, food product services etc. All these product to provide in
affordable process through online for changing the customer buying pattern.
MAIN BODY.
Task 2
Option A
What are the lessons that must generate business ideas in marketplace.
There are many ways to generate the business ideas in marketplace where individual contributed
towards the society and economic benefits by offered them innovative kind of business (Wang,
2019). Similarly to make the better business ideas entrepreneurs required to analyse themselves
where they can target their product and services to attain more positive way of outcomes
effectively.
 Think like an artists: This is important to making business outcomes generates to deal
with market. To create artistic plan and act to study the market with opportunities and
challenges identified. After this, an individual entrepreneur make the business more
flexible if the overall goals and objectives has been set to attain market outcomes
effectively (Ketche. and Craighead, 2020). There is requirement of creativity business
mind that would helped to sustain in market effectively.
 Stay clam but focused: To generate the ideas for establishing a new business start ups or
even scaling already existed organisation. If there is not proper planned about the
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