FACULTY OF ARCHITECTURE, PLANNING AND SURVEYING

DIPLOMA IN BUILDING SURVEYING (AP119)

FUNDAMENTALS OF ENTREPRENEURSHIP
ENT 300

BUSINESS OPPORTUNITY
(farrace.jersey)

PREPARED BY:

NAME: MUHAMMAD FARIS IQBAL BIN RIDUAN

STUDENT ID: 2020875202

GROUP/CLASS: AP1194E

SEMESTER: MARCH-AUGUST 2022

PREPARED FOR:
PUAN NOR MARINI BINTI MOKHTAR

DATE OF SUBMISSION:
13 MAY 2022

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TABLE OF CONTENT

NO. CONTENT PAGES

1. ACKNOWLEDGEMENT 3

2. EXECUTIVE SUMMARY 4

3. MY ENT REGISTRATION 5

4. PROJECT DESCRIPTION 6

5. PROJECT OUTCOMES 7

6. BUSINESS MODEL CANVAS 8

7. EXPERIENTAL LEARNING 9

8. APPENDICES 10

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1.0 AKNOWLEDGEMENT

Despite certain shortcomings in contrast to what other students had submitted for
the first assignment for the ENT300 topic, I tried my utmost to finish the course work
report to the best of my ability. Despite the various obstacles I encountered, I
remained determined to accomplishing the tasks that were allocated to me.

In addition, I am pleased that, even in an online learning environment, I was able

to produce projects of the same high quality as the previous semester's students. This
proves that, despite several challenges, I was able to be the best student, even better
than the students from the previous semester.

Finally, I had like to thank Mrs. Nor Marini Binti Mokhtar for her invaluable
assistance and guidance in ENT300 Fundamentals of Entrepreneurship. When I had
questions about a topic that I didn't grasp, the lecturer was quite helpful and
encouraged me to complete the assigned work with zeal. Alhamdulillah, I was
ultimately able to do this assignment, albeit not very well, but I did my best to provide
my instructor with the best possible result.

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2.0 EXECUTIVE SUMMARY

First of all, the logo for this company was produced almost immediately after it
was founded. This logo's meaning is really based on my own name. It's made out of
the letters F, A, R, I, and S, which have been ingeniously blended. The logo was
designed to let individuals learn more about our company and establish their own
identity. Other than that, the data in this report was gathered from previous sales
revenue. The business of selling these jerseys began in early 2021 and is still running
strong today. I run this business as a dropshipper, which means I only take orders
from customers and report to the admin. I do not even have stock.

In addition, the trade is done on the internet. Using that strategy will provide me
with several advantages because it is simple and efficient. Customers only need to
deposit the complete cost of the jersey to my bank account number and enter their
address. Then I will forward that information to my boss and manage the shipping of
the jersey.

Other than that, the profits from the sale of this jersey will thereafter save in my
bank account. The funds can be used to cover everyday costs. This might help you
develop a savvy mindset about money management and avoid overspending.

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3.0 MY ENT REGISTRATION

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4.0 PROJECT DESCRIPTION

The item I am selling is a jersey for a local and European football team. First and
foremost, I am simply a customer who purchases this jersey on a regular basis from
an Instagram-based online business. After a time of buying it on a regular basis, I
considered enrolling to sell it and becoming a drophipper. I also enjoy wearing jerseys,
and the majority of the clothes I own are football jerseys.

Moreover, I joined this dropship since I believe many of my friends enjoy wearing
football jerseys. As a result, I will use social media to advertise the jerseys that are
accessible online by uploading photos of the jerseys on WhatsApp status and
Instagram story. I will also give information regarding the jersey, such as size, price,
fabric kind, and the football team's name.

Next, I began selling this shirt in early 2021 and have continued to do so till today.
I've been in this industry for about two years. My friends, who are likewise interested
in wearing the jersey of their favourite football team, are my target customer. They are
my target consumer because they enjoy wearing jerseys as daily wear as well as
when playing a sport. The fabric is extremely soft and comfy to wear all day, as well
as absorbing sweat. As a result, they prefer to wear jerseys over other types of
clothes.

Furthermore, because this jersey purchasing and selling procedure is done online,
the approach I employ is really straightforward. WhatsApp is the main method of
communication with customers. The only personal information that customers must
provide is their name, phone number, home address, jersey kind, and size. I will give
my bank account number after they filling out the following information and transfer
the whole fee. The buyer must then provide me with a receipt to ensure that I am not
duped. Because of my role is only to take client information and not to keep stock,
when I finish, I will submit all of the following information to my boss so that he can
manage the process of delivering the jersey to the customer.

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5.0 PROJECT OUTCOMES

Dropship fees RM20

Sold product 25 items
Customers 12 customers
Profits earn and losses bear Earn around RM250 and do not have any
losses

Examples of calculation flow:

Jersey price RM65

Dropship price RM52
Postage RM7
Commission RM6
Total profits RM250

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6.0 BUSINESS MODEL CANVAS

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7.0 EXPERIENTAL LEARNING

During the process of selling this jersey, I was able to learn how to carefully
manage the money. For example, I can calculate the profit yield and the proper selling
manner to avoid any losses. I may also put the money into a savings account for
future usage if needed. Because I learned how to save money while being a member
of this dropship, I will be more prepared to face the adult world, which demands a
structured technique of saving money.

Next, throughout the purchasing and selling process, you may learn how to
communicate with customers. This is because the language we use in communication
reflects our personalities. Furthermore, courteous language is critical in both buying
and selling since it makes clients feel safe purchasing things from us. They will feel at
ease and it will make sense for them to buy more from us because we are courteous
even while chatting online.

Furthermore, I am also learning how to better manage my time. This is due to the
fact that I must divide my time between selling and studying. Lessons are extremely
essential in life, regardless of how busy we are, because the knowledge obtained may
be applied in the future. Even if I had something that needed to be pushed on social
media, I would schedule it. My learning will not be disrupted if I manage my time well.
In addition, the dropshipping I do is purely for fun and is not serious.

Lastly, we shall mature because of this purchasing and selling process. This
is due to our ability to manage time and money effectively, as well as our ability to
communicate effectively with clients. As a result, this may be really beneficial to
ourselves for the future.

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8.0 APPENDICES

Business logo Social media platform

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