Question 1:- Generating Business Idea

Step One

1. Child care Service /School

2. Cleaning Service
3. Employee link Service
4. Bakery /Pastry Shop
5. Kids Play Garden
6. Laundry Service
7. Fast Food
8. Beauty Salon
9. Car wash Services
10. Flower decoration design Service

Step Two

GCS of Financiability Consistence

N
Implemen of the with the
o
Services Marketability Availability tation entrepreneur Government Total
1 Kids Play Garden 60% 50% 75% 60% 50% 59%
2 Cleaning Service 65% 70% 75% 80% 70% 72%
Bakery/ Pastry
3 80% 85% 85% 90% 80% 84%
Shop
4 Beauty Salon 75% 70% 70% 80% 70% 73%
Flower Decoration
5 65% 75% 70% 65% 60% 67%
Service
 Step Three

N Organizational Ecologi
o Services Marketing Technical and Management Financial Environmental cal Total
Bakery/ 5% 61.66
1 80% 70% 70% 80% 70%
Pastry Shop %
2 Beauty Salon 70% 75% 50% 70% 65% 0% 55%

Step Four

No Services Strength Weakness Opportunities Threats Total

1 Bakery/ Pastry Shop 89% 40% 75% 20% 56%
2 Beauty Salon 70% 40% 70% 35% 53.75%

Question 2:- Conducting feasibility Studies

Step One:- Assessment stage of Bakery/ Pastry Shop

Conduct a preliminary analysis:- with Our current idea we are thinking of opening
bakery and Pastry Shop we are

Plans

 Opening the shop in a densely populated area

 Providing the product to the community at affordable price
 Making the products work by people who have the knowledge
 Produce the products in a hygienic way\
 The location of the store to work in a attractive way providing products

Feasibility:- Most of the time the Ethiopia community is a consumer of bread, so the
viability of the business is not much doubted
Strength:- Sufficient availability of bread production required by the community

Weakness:- Because we use it for food at bakery/ pastry shops, it does not have any
weakness it easier.

Consider your Options:- the Options that we have considering in the business idea that
we intend to do

 We have a full budget on the store we are opening nor growing

 Starting from a small business and developing the idea of the business
 Thinking of different business ideas
 If the business idea we started doesn’t work and we face …………. think of
another business with the rest of the budget.

Being to assess the demand for your idea

There is a sufficient budget and demand for the business idea that we have generated
from the community as well.

Being to assess the competition:-

We believe that the business will be profitable and it is important and desirable for the
community.

Assess the challenges

 After the shop is opened, until the person gets used to it

 If there is a competitor in the same field of work

Describe if you should hire expert consultants

 Effective with the business idea we intend to start it is also a personal consultant
that will help you to take different experiences from people who are currently in
the field of work and from people who have been in this field of work before.
Set a time table

The schedule

 If possible in the next one year it should replace the budget we spend to open the
store.
 In the next two or three years, it should bring three to four times.

Assessment stage of beauty Salon

Conduct a preliminary analysis:- at present, Ethiopian so dety ( women are) the most
user of beauty salons

Consider your options:- Since the equipment needed for the service is very expensive
used equipments or rent.

Being to assess the demand for your idea:- one of the things that can be a competition
in this field of work is that there are currently institutions that provide this type of work.

Being to assess the competition:- one of the things that can be a competition in this field
of work is that there are institutions that provide this type of work but the service is very
much in demand.

Assess the challenges

 Having many competitions

 Expensiveness of the goods we use for service
 Staying until people get used to it
 It is better to ask the opinions of people who use the service for this job.

Set a time table

The schedule
This line of business may not generate the expected profit at the time, it is planned but it
should at least return the operating budget spent on the business within two years of
operation.

Step Two

There is 4 types of

1. Technical
2. Financial
3. Market
4. Organizational

The most suitable of the business ideas we have brought

Bakery / Pastry Shop

Technical:- different machines for the business ………………………..

For example:- Backing machine, Mixer etc..

But when we start the business, we can buy some and increase the machine while seeing
the profit

Financial:- The cost required for the business is very high but as we mentioned above
there is a possibility of …………. Even if we do not use the budget completely it will
helps us to generate another business idea.

The estimated profit from the business in the next one year is estimated to be 1,000,000

Market:- let’s start as we have already explained above the business we are thinking of
is in demand in Ethiopia, if the products we sell are in demand among the society, if they
are clean and the price is focused on all the society, the demand will increase a lot and we
the traders will bring us the change or profit that we want to bring in sort time.
Organization:- those who prepare the products to be sold inside the work

 Baking
 Transporting the prepared products to the place where it sold
 Baking equipments
 Storage
 Dough preparation

Feasibility report:- there is a major areas

1. Introduction :- Bakery / Pastry shop

2. Description of the business: - The proposed business to starts a bakery / pastry
shop and the business are expected to have a large number of users.
3. Market consideration: - The market is accepted n Ethiopia which means that
most of the society is the user of the product that we intend to open.
4. Management team: - The existing structure or the employees who are assigned to
work in the field of work is very beneficial for planning profit.
5. Technical specification and Production plan: - We have seen technical
specification in the previous section production plan but the production will be
open from 12 in the mo