MGMT20143 Think Big: Report on Shaving Trimmer Repair Business

This report presents a business idea for "Onco Shaving Trimmer Repair Company," focusing on providing repair services for shaving trimmers, including internal fault repair, water damage repair, and battery replacement. The report includes a business model canvas outlining key partners, activities, value propositions, customer relationships, and revenue streams. It analyzes critical success factors such as effective consumer services, competitive products, and the use of advanced technology. The feasibility analysis considers market volume, consumer buying trends, and cost efficiency through remote technical support. The report concludes that the business idea is feasible, addressing the need for prompt and reliable shaving trimmer repair services.

Running head: BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR
CENTRE
Business Idea Generation on Shaving Trimmer Repair Centre
Name of the University:
Name of the Student:
Authors Note:

1BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
Executive Summary
The business model of the “Onco Shaving Trimmer Repair Company” will also focus on offering
cell phone repair along with certain effective mobile application related services. In such
scenario, there is very limited number of businesses that offers online as well as door-to-door
Shaving Trimmer repair services. It is also revealed from analyzing the posed business model
canvas for “Onco Shaving Trimmer Repair Company” that it intends to offer professional
Shaving Trimmer repair along with other related services. Feasibility of this new business is also
observed through analyzing the volume of market and consumer buying trend based on the
Shaving Trimmer franchise market. As the new business considers employing advanced and new
technology, it is deemed that this Shaving Trimmer repair business is feasible. Moreover, the
business is also deemed to be cost efficient for it considers employing a remote technical support
service. The new business idea of this mobile repair shop will also indicate that it maintains
increasingly aggressive managerial insights on costs to offer exceptional services at competitive
prices.

2BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
Table of Contents
Introduction..........................................................................................................................3
Consumer of Market Problem.............................................................................................3
Benefits Generated by This Idea..........................................................................................4
Proposed Business Model Canvas.......................................................................................5
Major Relationships between Aspects of Business Model..............................................7
Critical Success Factors in New Business...........................................................................8
Feasibility Analysis of Shaving Trimmer Repair Centre Business Idea.............................9
Conclusion...........................................................................................................................9
References and Bibliography.............................................................................................11
Appendices........................................................................................................................14
Appendix 1.....................................................................................................................14
Appendix 2.....................................................................................................................15

3BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
Introduction
Shaving Trimmer serves as one of the most important commodity owned by its
consumers to attain their desired shaving experience at home without visiting a salon. “Onco
Shaving Trimmer Repair Company” will have its new business of positioning itself as a standard
and licensed Shaving Trimmer repair shop. This new business idea implementation in Australia
will facilitate in offering all the aspects of Shaving Trimmer repair services like repairing
Shaving Trimmer, internal fault repair, water damage repair, cosmetic damage repair, changing
blades and battery replacement (Bertels, Koen & Elsum, 2015). The business model of the
company will also focus on offering Shaving Trimmer repair along with certain effective in
building shaving blades related services. The objective of this paper is to develop a new business
model canvas for this business along with explaining the critical success factors and feasibility of
this model.
Consumer of Market Problem
Shaving Trimmer serves as one of the most important commodity owned by its
consumers to attain their desired shaving experience at home without visiting a salon (Bouwman
et al., 2017). This serves as among the most important reasons for which there has been an
emergence of the cell phone companies. This is basically one of the major reasons for which
there has been increased emergence of experts in order to come up with best technology options
in purchasing the best brand. However, it has been observed that there are times when cell
phones pose challenges and in such scenario offering exceptional service of phone repair
(Burmeister, Lüttgens & Piller, 2015). “Onco Shaving Trimmer Repair Company” is observed to
attain an increased competitive advantage in Australia through its new business because of

4BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
several reasons and issues faced by the consumers. All the potential consumers of this new
business are deemed to be people those require Shaving Trimmer repairing services in a prompt
and regular manner. Consumers these days are dealing with several challenges related to
repairing services of their Shaving Trimmer in prompt and easy manner. In such scenario, there
is very limited number of businesses that offers online as well as door-to-door Shaving Trimmer
repair services (Cheng & Yu, 2015). Moreover, this industry is an open industry hence a low
level market share concentration. In a situation where large multiservice agencies operate within
the sector, revenue is also deemed to be spread to be among small companies and freelances.
Consumers in such scenario desires fixes along with convenient in-store services along with
several expect and demand that the new business will provide a specific support level in case any
issue is observed within Shaving Trimmer.
Benefits Generated by This Idea
The new business idea of “Once Shaving Trimmer Repair Company” will offer
exceptional benefits of addressing accidental damages of the cell phones which can otherwise
cause increased distress for the consumers (Gorissen, Vrancken & Manshoven, 2016). The
technicians of this new company will focus on offering exceptional state-of-art tools along with
technologies in order to offer Shaving Trimmer servicing. This can further facilitate in offering
Shaving Trimmer repair services that can get consumers Shaving Trimmer fixed within a
shortest time possible. The Shaving Trimmer phone repair service will be available in both
through online as well as physical stores that can offer competitive and promote services in
getting consumers Shaving Trimmer fixed along with attaining services of spare parts
replacement of Shaving Trimmers (Burmeister, Lüttgens & Piller, 2015).

5BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
Proposed Business Model Canvas
Key Partners
 Advertisers
 Team of
brands and
many more
 Subsidiaries
 Associates
Key Activities
 Sales
 Merchandising
 Refresh stores
 Direct
purchasing
 Supply chain
management
Value Propositions
 Home
improvement
 Broad variety
of promotions
and discounts
 Supermarkets
Consumer
Relationships
 consumer
first
organization
al culture
 Price based
 Users
community
 Being a
member of
loyalty
program
takes into
account
attracting
consumers in
market
through
providing
high
discounts

6BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
 Consumer
satisfaction
Key Resources
 Presence
 Recognising
trends in order
to observe
scope for new
products
 Brand
 Better
technological
knowledge
Channels
 Shaving Trimmer repair product stores
 Online and door-to-door mobile repair
options
 Supermarkets
 Social media
 Websites
 Discounts
Consumer
Segments
 Huge
potential
market
 Consumers
those are
price
sensitive
Cost Structures
 Existence
 Promotion of repair services and
marketing
 Salaries
 Rent
 Assets
 Offices
 Cost of goods
Revenue Streams
 Online sales
 Door-to-door repairing services sales

7BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
 Logistics expenses
 Maintenance
 Licenses
 Taxes
Major Relationships between Aspects of Business Model
The proposed business model canvas for “Onco Shaving Trimmer Repair Company” will
facilitate in explaining relationship among the nine aspects along with its useful implications for
the business as well as consumers. All the aspects of the business model canvas includes cost
structures, revenue streams, key resources, channels, consumer segments, consumer
relationships, key activities, value proposition along with key partners (Burmeister, Lüttgens &
Piller, 2015). These nine building blocks of the new businesses business model will facilitate
“Onco Shaving Trimmer Repair Company” in attaining competitive advantages within Shaving
Trimmer repair services market of Australia. The proposed business model explained that “Onco
Shaving Trimmer Repair Company” intends to offer professional Shaving Trimmer repair along
with other related services. Such repairing services can make sure that the Shaving Trimmer
owners are ensured that their Shaving Trimmers are maintained in good shape that can facilitate
them in communicating with their relatives in conducting their businesses. The Shaving Trimmer
repair business will have competitor strength of attaining exceptional workforce (Gorissen,
Vrancken & Manshoven, 2016). The new business of “Onco Shaving Trimmer Repair
Company” will attain certified and highly trained repair technicians and engineers those will
have exceptional skills and experience within niche segments of Shaving Trimmer repair service
industry.

8BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
Critical Success Factors in New Business
The critical success factors that that can facilitate “Onco Shaving Trimmer Repair
Company” in maintaining competitive advantages are explained under:
 Effective and better consumer services that can attain referral network for consumers.
More focus will be put on the expertise in repairing Shaving Trimmer enables Shaving
Trimmer along with offering exceptional Shaving Trimmer repairing programs
(Burmeister, Lüttgens & Piller, 2015). Moreover, “Onco Shaving Trimmer Repair
Company” business model canvas is developed in a manner that can facilitate in
responding rapidly to the consumer problems with their products, plans and services such
as like repairing Shaving Trimmer, water damage repair, cosmetic damage repair,
changing blades and battery replacement.
 Certain competitive Shaving Trimmer repairing products and services will be offered by
“Onco Shaving Trimmer Repair Company” that will be offered by skilled technicians
those are consumer oriented and takes time in explaining consumers in explaining the
exceptional repair services (Bouwman et al., 2017). The new business idea of this
Shaving Trimmer repair shop will also indicate that it maintains increasingly aggressive
managerial insights on costs to offer exceptional services at competitive prices.
 Use of advanced technology is another critical success factor for “Onco Shaving Trimmer
Repair Company”. This is for the reason that the technological revolution within
computers has developed abilities of this new business in diagnosing and repairing
Shaving Trimmer of its consumers (Bouwman et al., 2017). Through maintaining
computer diagnostic equipment within its shop, the company is anticipated to attain
exceptional competitive advantages. “Onco Shaving Trimmer Repair Company” will

9BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
consider developing its business model on a regular basis in seeking out new ways to
offer a better service by means of technology.
Feasibility Analysis of Shaving Trimmer Repair Centre Business Idea
The feasibility of the new business will be analysed through evacuating the functions
associated with the business (Burmeister, Lüttgens & Piller, 2015). The new idea of the Shaving
Trimmer repair services is deemed to be feasible for the reason that “Onco Shaving Trimmer
Repair Company” have considered hiring technicians those will have a better background
knowledge on repair of electronics this new business idea is also feasible in terms of financial
costs experienced by the company. In order to decrease the rental costs, “Onco Shaving Trimmer
Repair Company” will consider seeing its business through offering online and door-to-door
services (Bouwman et al., 2017). Feasibility of this new business is also observed through
analyzing the volume of market and consumer buying trend based on the Shaving Trimmer
franchise market. As the new business considers employing advanced and new technology, it is
deemed that this Shaving Trimmer repair business is feasible. Moreover, the business is also
deemed to be cost efficient for it considers employing a remote technical support service.
Conclusion
The objective of this paper was to develop a new business model canvas for this business
along with explaining the critical success factors and feasibility of this model. It was gathered
from the paper that consumers these days are dealing with several challenges related to repairing
services of their Shaving Trimmer in prompt and easy manner. In such scenario, there is very
limited number of businesses that offers online as well as door-to-door Shaving Trimmer repair
services. It is also revealed from analyzing the posed business model canvas for “Onco Shaving

10BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
Trimmer Repair Company” that it intends to offer professional Shaving Trimmer repair along
with other related services. Such repairing services can make sure the Shaving Trimmer owners
are ensured that their Shaving Trimmer are maintained in good shape that can facilitate them in
communicating with their relatives in conducting their businesses. Consumers can attain
convenient in-store services along with several aspects and the new business will provide a
specific support level in case any issue is observed within Shaving Trimmer.

11BUSINESS IDEA GENERATION ON SHAVING TRIMMER REPAIR CENTRE
References and Bibliography
Bertels, H. M., Koen, P. A., & Elsum, I. (2015). Business models outside the core: Lessons
learned from success and failure. Research-Technology Management, 58(2), 20-29.
Bouwman, H., Heikkilä, J., Heikkilä, M., Leopold, C., & Haaker, T. (2017). Achieving agility
using business model stress testing. Electronic Markets, 1-14.
Boyd, B., Henning, N., Reyna, E., Wang, D., Welch, M., & Hoffman, A. J. (2017). Hybrid
organizations: New business models for environmental leadership. Routledge.
Burmeister, C., Lüttgens, D., & Piller, F. T. (2015). Business Model Innovation for Industrie 4.0:
Why the Industrial Internet Mandates a New Perspective on Innovation. vol. 0, 1-31.
Cheng, G. & Yu, C., (2015). E-commerce Model Canvas in 3D Virtual Space: An Application in
British Museum. In LISS 2013 (pp. 17-28). Springer, Berlin, Heidelberg.
Dees, J. G. (2017). 1 The Meaning of Social Entrepreneurship. In Case Studies in Social
Entrepreneurship and Sustainability (pp. 34-42). Routledge.
Gorissen, L., Vrancken, K., & Manshoven, S. (2016). Transition thinking and business model
innovation–towards a transformative business model and new role for the reuse centers of
Limburg, Belgium. Sustainability, 8(2), 112.