Entrepreneurship Assignment 1

Your task in this partial assignment is to select any type of business that you will be interested to establish. You are required to write an initial report for analysing the environment in general alignment of your proposed business. The title of the report should be the name of your suggested business, opening of report should provide a brief introduction to the business and its product(s)/service(s). The analysis should be made on the following environmental factors; 1. Demographics: What is the population of the market in which you would be operating your business? How much of them could be your target and potential customers, such as male or female, kids or adults? What is the income level of your potential customers? 2. Culture: Would your business, product or service possess any threat to culture in any way? Would it be accepted by the culture without any objection? Would it be able to adjust its self as culture symbol? 3. Legal environment: Would your business be able to operate in legal jurisdiction of the country? Would it have any issue regarding registration? Does it require using patents of other business? 4. Technological environment: Would the business be able to operate in the current technological environment of the country? Does it require any special technological establishment?

The last date for submission of this assignment is 30th June, 2011.