Opportunity Analysis and Entrepreneurship Development Report - Venture

This report provides an analysis of entrepreneurial opportunities, focusing on the development of new ventures. It begins with an introduction to the concept of entrepreneurship, emphasizing innovation and capitalizing on emerging market needs. The report assesses the need for substitute human capital to assist households, particularly in light of increasing privatization and busy lifestyles. It examines consumer behavior, noting the rise of nuclear families and the demand for household support services in both urban and rural areas. The market analysis identifies a latent demand for centralized support services, particularly for elderly individuals and busy professionals. The report concludes by highlighting the potential for economic betterment through the provision of employment and the implementation of effective service systems, while also addressing consumer concerns regarding trust and security.

Opportunity Analysis and Entrepreneurship Development
Student Name:
University Name:
Note:

Table of Contents
Introduction......................................................................................................................................3
Need and Problem Assessment........................................................................................................4
Consumer Analysis..........................................................................................................................5
Market Analysis...............................................................................................................................7
Conclusion.....................................................................................................................................12
References......................................................................................................................................14

Introduction
The entrepreneurship characteristic is a process that is created in order to implement
innovative process on the current businesses and accordingly to capitalise the new opportunities
that can be incorporated within the business. The management of the company is not dependent
on the expertise of the company but is a mixture of innovative processes, strategies and even the
new plans that already has a demand or the demand that may come up in the future due to the
needs of the consumers. In case the initiative of entrepreneurship looks to be a promising insight
in accordance to sustainability during the long term with the help of their ongoing demand in the
market, operational viability and financial viability then it even makes sure that the current
demands of the customers is going to be satisfied with the exchange of services and goods and
thereby the endeavour for entrepreneurship will be credible and will be successful as well
(Nuscheler, Engelen and Zahra. 2019). Consumption, production, distribution and exchange of
these products are undertaken with the help of which there is an opportunity for the companies
and the a consumer base can be created or can have an impact on the consumer base that is
already existent for any conventional services and products that are exchanged in the economy.
The requirement of need leads to the creation of entrepreneurship. Operational activities take
place on the items that has a value in the market. The products that have demand are the ones
that are traded or exchanged. Commodities are known to be these goods that have a value or are
in demand. These products are offered in the market for sale and thereby a company gains profit.
The function of the entrepreneur is to look over the conventional culture of business and
establish something innovative by estimating the demand for these products. Several sorts of
companies consider the trade of these products that have market value and are even demanded by
the customers. Therefore, this leads to the creation of a consumer market for the products which

are demanded in the market and the companies gain success from this point forward with the
help of these services and goods. The report therefore looks to the various aspects of addressing
the next ventures of the organizations that are created on the basis of these products and services.
Need and Problem Assessment
The issues and problems address the demand for substitute human capital that can assist
the households. It has been observed that with the advent of privatization, the members of the
family are busy with their work in the entire week and at the time of weekends they get the time
to cook something at home and take care of their family members properly. This is the factor due
to which there has been a high demand for servants in the society. The current time period
reflects that the economy has a corporate culture and therefore concentrate on earning money as
much as possible.
At earlier times there was one family member at least in each house who would take care
of the household activities. However, in the current era, it is seen that most of the families have
several servants and have many earning members. This is regarded as development as all the
members are independent but for this cost they are unable to sustain the balance between
personal and work life. In the past there was existence of big and joint family but in the current
time period nuclear families are mostly seen (Zane and DeCarolis. 2016). This has been due to
the fact that the focus has been on gaining the most out of the return on investment and therefore
the family members give their labour towards their work only. Earlier women used to take care
of the household works and men used to be the earning members, but this perspective has
changed as both male and female are working in order to generate income. In case of nuclear
families this has been the reason that children are unable to receive quality time with their

parents. The parents have the tension of daily work life as well face tensions with regards to how
their children are while they are at work. Hence, the problem that is existent is that the tendency
of this generation has been to stay nuclear and not remain in extended family.
It is important to understand aspect of division of labour as it is able to rain the
opportunity for earning greater income by staying at a better standard of living also providing the
capability to minimise the cost that snatches away the privilege of living together and
collectively sharing the family Ambience which is uniform and curriculum for all its constituent
ingredients that comprises of the family.
Consumer Analysis
It is been clearly observed that there are nuclear families as well as extended families in
case of nuclear families where is often quarrel between the better halves regarding who will cook
today or who will wash the dishes of clear the bathroom. Incorporation of Scheduling regarding
different daily activities are being made in order to avoid any form of conflict have to maintain
an effective family environment requirement in vigorous regarding the extra helping hand that
will help the daily activities related to the home works (Meyer, Neck and Meeks. 2017). This
become potentially effective if there is any kind of availability of manservant or maidservant.
This demand traverses not only in the urban areas but also in the rural areas because people in
the rural areas are confronted with different kind of activities. Farm activities regarding farming,
wavering, sculpture, etc. And many more people in the rural areas thrive for their living. Less
amount of capital available to the people of rural areas have at the only resource that they
possess is their labour. Since maximum livelihood earning is being done through labour intensive
activities hands people of the rural areas are in a crisis of labour can give to their daily activities

of homework. The objective here is to provide services in the form of mid support all men
support who can assist these people in home activities. Household families have money to
exchange but surfaced by the deficiency of obtaining effective level that they can assist them in
activities related to their home. There is availability of efficient supply of labour which can be
improvised and channelized to support people in home works.
It is been found that the segment of work force that can support such kind of activities are
being decentralized and requires a proper organisational structure that can guide them towards
this activities that is highly demanded by household people. Moreover, kit can persist on this
working environment due to the reason that huge amount of supply for work force is available
walk this activities and sufficient demand also purchased but due to decentralization supply of
labour is not able to meet the demand for labour (Coviello and Tanev. 2017). Effective exchange
of the services can get consumed by potential households’ people at a minimal rate and a market
can get created for this business entrepreneurship in this regard. Triggering of centralisation of
the market good quality of services and efficient liver foods that boost with expertise and
working practice of maid servant and man servant can support household works as well as
enhance the activities related to family affairs.
The consumer analysis reveals that the extended consumer demand that purchase in the
market regarding the workforce of male and female support service is highly tell in the era of
privatisation and intensive presence of nuclear households rather than extensive households that
were present previously. Inner Demons I of effective workforce that will be supported by both
male and female service system and yet be able to create a market entering the labour for
supporting household activities and ensuring that the monetary remuneration that is been
obtained by them in written will be effective enough to compensate their daily living expenses.

Market Analysis
The market definitely exist in a latent way however there is a need to centralise the
market and provide the support services that is demanded by the households as well as can be
supplied by efficient work force that are decentralized within the market. Along with that
economic betterment can also be rendered by providence of employment to people who demands
the services as well as by the people who demands the services. S for example there are many
old age people whose children lives in foreign countries but are not able to clear their parents
sufficiently. They are able to provide capital and other resources that are essential for their
principal to provide the service and to be present with their parents is a defence issue which can
be this people who provide this kind of civil services. Business can effectively purchase field
maybe by incorporating different Agencies that will be able to siphon off the never force and
provide effective labour that are not only experience but are able to take care of the household
activities efficiently. Notably parents with less ability to render the labour and accomplish
household activities requires such kind of services physically the structure of the nuclear family
as of parents children as well as grandparents or other family members that are living together
request support regarding cooking of foods, preparing documents on time so that people who are
working in corporate can take those required things and reach their office on time (Cooper and
Folta. 2017). The effectiveness of the services is based upon the consumer demand which request
the fact that everything we need is to earn money and the per unit of money and with the
investment of each unit of time should be higher than the previous unit of time that get invested
with respect to expense of a unit time labour or any other resources. This objective it is required
that proper server system should be effectively created so that the people who are working in the
corporate sector or private firms are able to adjective followed by the fact that that does not have

to run the greater efforts or labour for their household activities since that are supported by male
or female support service system. Business invigorates on this respect as there is steady
availability of male and female support service followed by staffs that provide effective
consumer services by anticipating their needs and delivering the services in accordance with
cooperating with the bottom line male and female support service. There have been found that
risk is associated all question of doubt prevails within the consumers that the people who are
being recruited by them in home or daily activities have the potential to steal things. Since this
activity is allowed and governor under an agency which is being monitored by a superior
authority in the chain of Hierarchy there is no possibility of stealing things from household and
their risk and uncertainty regarding that particular incident get reduced. People have higher
credibility regarding the services provided by this Agencies which will work for the business and
accordingly due to uncertainty in the birdcage any kind of theft happens then that will be
compensated by the agencies or the business firms (Bruton et al. 2015). This will not only
increase the credibility of the farm towards the consumers but also the consumers will become
brand loyal and will understand the necessity and support services from their respect. Boss 12
class the service providers and this is of crucial need as such kind of services for home
appliances and home related activities should be neat and clear dependency of the house of
people upon the engines is clear and hence Saturn government laws and policies should be
implemented so the Agencies will not be able to keep the house also provide services that are nit
up to the mark. Effective training and facilitation program will be accomplished in order to
enhance the skill level of the employees that work for such an activity as well as free of cost
support should be provided to the consumers regarding if the newly recruited employees are not
able to serve in accordance with the need of the consumers. The objective of such business will

be given with the two month free trial to each and every consumers regarding quick why down
of bathroom surfaces, cleaning up of the tap, tub and shower walls, mopping of floors with
sweep, dusting of all the services to reduce allergens, followed by cleaning up of drains,
organising clothes inside the drawers and closets, scrubbing the baseboards furniture and door
frames as well as gardening activities followed by taking care of old people preparing foods
vegetables and all the list items that are being given by the consumers for to them to buy from
Bazaar and cook for the clients after the return home.
All of these activities relates to the creation of a market that potentially exist in a latent
way or maybe this regarded as a service that is cheap or is not a kind of good job. Problem with
the society purchase is that differentiate or discriminate within the activities that are being at a
particular point of hour (Barringer. 2015). But the differentiation does not take place on the basis
that what is our need and how they should be accomplished. The ways through which the daily
requirements and needs of people should be accomplished, it can be say that such kind of support
services 10 female who requires monetary help or are willingly accepting their offers regarding
providers of such kind of services with respect to a token of appreciation or a monetary help.
These people also face tremendous pressure regarding walking into this sector how is there is
white privilege in accepting all kind of daily activities without discrimination or without
differentiating them as poor walk all over or cheapo kind of things. It is important to equally
value each and every activity seems if one particular home activity is not accomplished then it is
not possible for the consumers of that house to come forward and leaf properly in the house.
Show the objective of the business is to create an environment for work force exist as well as
people are willing to accept those services as a gift. Any kind of token of appreciation in the
form of monetary support or exchange of remuneration can be provided by those consumers we

think that there is requirement of mail and people support service system which will help them in
household activities if they have to purposefully fulfil their objective of earning determine lump
sum amount of money (Prashantham and Madhok. 2017). The business perspective with respect
to the market analysis reviews that there exist sufficient demand for this male or female services
in the home appliance and activities however people are much more cautious is willing to show
off that standard of living is a big thing however they themselves knows that without the
accomplishment of daily activities in home they are not able to maximize their capability is
weather in time of capital or in term of labour or any other resources to fully optimise and
ensured that the profitability of their services is increasing with respect to per unit investment
that they does in the form of expenses or providence of labour that they possess. A
summarisation of all the related home activities can be done in the below diagram as follows:

It is being seen that each and every household may not be willing to accept that they require such
kind of activities to get accomplishment a truly required these activities to be accomplished in
order to perform their day by day functions effectively the exchange of a minimal amount of
cost. Moreover it is not possible every time for them to ensure that each and every activities that
the required to be done in their home is effectively done unless and until they are able to provide
their individual effort for those works (Kazanjian, Drazin and Glynn. 2017). This the challenge
purchase regarding convincing the people who have the demand for male or female support

services and allow those people who are willing to work and serve on this regard at a good
amount of price that is higher from the per capita income prevailing within the country. This will
not only increase the per capita income of the common people but also will provide employment
and self-employment will be raised in it will also affect the other economic factors of the country
like the gross domestic product of the inflation rate that prevails within the economy.
Conclusion
Conclusion can be drawn on this respect family affairs gets discriminated or becomes
divided with respect to the fact that these are the works of the female of these are the works of
the male irrespective of the fact that whether the area is located in a rural region or urban region
the objective of the business idea to accomplishes an effective support system from the males
and females that are willing to serve the rest of the people within the economy in the form of
male or female support in their home appliance for daily activities which can be done in
exchange of proper amount of money in exchange of the services that will be provided to the
consumers which requires such kind of services in a systematic manner. It is been found that
demand purchase regarding male or female support system services and this will also help in
reducing the conflict that exist within the nuclear families that are majorly present in the current
era of generation. Existence of demand regarding alternative resources that would be able to take
care of the household and in return the house of family members are willing to provide sufficient
capital to accomplish their home activities and maximize their individual and use that the arms
from the corporate sectors by working themselves. It is always not becomes possible for them to
provide enough support to the old age people in their families maybe their parents or
grandparents or any other is suffering for any kind of disease for which they have to be present in
the home however if this kind of male or female support services are being properly channelized