Name: Nandini.R.

Kota
Roll No: 79
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Practical No 5
Title: Identify the business opportunity suitable for you.
Hobbies arts and crafts classes
As am student, I have always been fascinated by the world of entrepreneurship and the idea
of starting my own business someday. with the growing number of opportunities and
Advancements in technology, starting a business is easier than ever before. however,
identifying the right business opportunity can be a task.
After conducting extensive research and analysis I have identified a business opportunity
which is suitable for me as a student.
I have skill of art and craft that’s why I have opportunity of start the hobbies and craft
training center.
ex : drawing , create attractive decorative designs , poster drawing , knitting, crystal healing
through art .
If you have any skill related to art and craft and have a creative mind, turning the hobby into
an earning opportunity is easier nowadays. ECommerce technology has made the world
much smaller and anyone can sell any product online to any part of the world. Find below, a
selected list of craft businesses that can fetch good returns.
Teaching arts and crafts to kids can be a small but profitable business to start up, especially
for students. It's a lucrative home-based business opportunity.

I found this business most satisfying, and at the same time, it improved my artistic and
creative abilities. So that’s why its suitable for me and it also my opportunity to elaborate my
ideas knowledge.

Here are the 15 things you should do to turn your craft hobby into a successful business or
career:

 1. Choose a business structure.

 2. Acquire business licenses or permits.
 3. File and pay taxes.
 4. Build profit into your pricing.
 5. Establish a personal brand with which customers can connect. 
 6. Create unique, original crafts with your niche market in mind.
 7. Create a great customer experience by providing safe, easy transactions and making
it easy to reach you.
  8. Incorporate thoughtfully designed visual assets that embody your personal brand.
 9. Show off your crafts to their best advantage with flawless product photos.
 10. Create an efficient workspace.
 11. Develop products that can be reproduced easily.
 12. Purchase supplies wholesale.
 13. Create a professional website to be a customer ambassador when you’re not
around.
 14. Communicate often via convenient email marketing.
 15. Build relationships with your customers via social media.

Conclusion:
In this assignment we conclude that which business opportunities are suitable for me.

Marks Obtained Dated Sign of teacher

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