Entrepreneurial Report: Analyzing 'The Helping Hands' Business Venture

This report focuses on 'The Helping Hands,' a new entrepreneurial venture in the retail industry that aims to provide nutritious food products, including healthy and low-calorie drinks. The report details the business's mission to support the society by offering affordable food options, emphasizing benefits to customers such as energy provision and the absence of artificial flavors. A feasibility analysis is conducted, covering financial, technological, and market aspects, highlighting the company's financial stability, advanced technology usage, and target market of needy people. The report also explores essential entrepreneurial skills like financial management, time management, and communication, demonstrating how the owner utilizes these skills to manage operations, gather funds, and communicate effectively. The document is contributed by a student to be published on the website Desklib, a platform which provides all the necessary AI based study tools for students.

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Entrepreneurship

 Entrepreneurship refers to the act of developing business
which is used to launch by a person in order to generate more
profit margin. It has been said that basic entrepreneurship
refers to a procedure of designing and launching a new
business. These are the people who develop a new business
are known as entrepreneurs. In this report a retail industry
decides to start a new business entity named as “The Helping
Hands”. This is a business entity which provides food products
to the society which includes nutrition and protein. Along with
this, business entity also provide low calorie food drinks to
help the society.

The Helping Hands
The helping hands a business venture which provides support to the society by proving them healthy and low
calorie drinks. The main aim of this organisation is to feed needy people within affordable price which is
beneficial for their health and reduce other issues among them like weakness, malnutrition and many more.

Provide energy: Helping Hands provide a healthy drink along with
food items which is usually design to satisfy their hunger along with a
meal. This is a meal along with drinks which are made up of fresh
food materials which contains no added flavours. This will provide
energy to the people which is available in affordable price.
Benefits to customers

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 No artificial flavours and sugar: In this product, one of the unique
feature which is included in this is that it does not contain any added
flavours or artificial material.
Benefits to customers

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 Feasibility analysis define as a procedure of confirming the whole
pprocess, strategies and plans mainly designed by a business entities
so that they will effectively implement all there functions. In reference
to The Helping Hands, elements which are included in feasibility
analysis consist of market, financial and technical which are essential
to identify.
 Financial: The Helping Hands have no financial issues as they have
sufficient amount of funds which are arise by them from external
source, banks and other sort of sources.
Feasibility analysis of
Helping Hands


 Technology: For producing high quality products, owner of
helping hands use highly advanced technology which minimises
the wastage of products. Along with this, it has also been said
that for every business entity it is necessary to conduct research
about the market for which highly advanced technology is used
by them.
 Market: For a company it is necessary to have their target
market and in case of Helping Hands, needy people are the
target customers. Company provide drinks and meals to the
needy people within affordable price so that they will be able to
satisfy their hunger and stay fit.
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Entrepreneurship skills

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 Finance management: It is a skill which is essential for the growth and
development of entrepreneurship ventures. In relation to The Helping Hands,
owner have the skill related to finance which help them in order to gather
sufficient amount of funds to operate their business functions in an effective
manner. With the help of this skill, entrepreneur gather funds froms bank
loan, issuing of shares, mortgage loan and many more.
 Time management: This is a skill which needs priority in order to careful
all the plans as well as execute them in a timely manner. This as a result aid
them in order to conduct and manage all their functions in a well defined
way. Entrepreneur of The Helping Hands, have the skill related tk time
management with the help of which they perform their task in a systematic
manner and avoid any sort of issues and challenges. This as a result will help
them in order to enhance their sales and profitability.
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 Communication: One of the most effective skill is communication
skill which help an individual person in order to communicate all the
required information to other in a systematic manner. In relation to
The Helping Hands, owner of the business venture have this skill
which aid them in order to communicate information among staff
members in an effective manner.
Continue…

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