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Enterprise 24
Enterprise 24
Introduction
The following section will detail the different new business venture options that were
considered for my Enterprise coursework. Two possible company options were analysed to
identify the best choice in terms of having the highest chance of success. The advantages
and disadvantages of each choice will be listed with market research, PEST and SWOT
analysis used. Then I will explain why I made the choice I did.
Evaluation of Options
Option 1 – Ice cream parlour
Summary of Idea
Ice cream is a very popular snack food that is consumed all over the world. The plan would
be to set up an ice cream shop that produces high-quality gourmet ice cream. This would
require setting up a stand in our school, the Gulf English School (GES), that would have the
equipment to make batches of ice cream and be able to store them in display cabinets. The
group will work at the stand and serve student customers. The ingredients for the ice cream
such as milk and flavourings would also have to be purchased.
Analysis
The primary research indicates a strong demand for ice cream among the youth
demographic, which is the stand's target market, demonstrating a solid foundation for
customer base. The pie charts in appendix A show the target demographic of individuals
aged 15 and under, have a high consumption rate of 2-5 times a week. The preference for
well-known brands like Pinkberry and Baskin Robbins shows we have a lot of competition,
but we can also imitate some aspects of their business. The pie chart in appendix A shows
that students prefer vanilla and chocolate but there was also a lot of interest in more exotic
flavours which suggests that while the stand should offer traditional options, there is also
room for differentiation and innovation. The spending trends identified signal the need for
competitive pricing strategies to attract the price-sensitive segment of the market as most
respondents inclined to spend between 10-25 Qatar riyals per purchase. The data also show
a preference for traditional consumption methods, with cups and cones making up 95% of
the desired delivery device among students.
The toppings pie chart in appendix A shows that students like a wide variety of ingredients
to accompany their ice cream so this is something that our stand must account for and
provide. As 66% of respondents ranked their like of ice cream at the highest point on the
Likert scale, it shows there should be an extremely high demand for our ice cream if we can
get the flavour profiles right.
One point of concern is that just under 10% of students have an allergy which means we
must be extremely mindful when offering our ingredients and have everything well labelled
so that we can avoid causing any harm to our customers.
From a PEST perspective, Qatar's political and economic climate is excellent for new business
ventures, with a specific growth trajectory in the food service sector, including the ice cream
market. However, economic indicators such as inflation rates mean mindful financial
planning. Social trends towards healthier eating and local production preference can guide
the stand's product development and marketing strategy. Technologically, adapting to
efficient production methods and embracing e-commerce can provide operational
advantages and align with consumer preferences.
The SWOT analysis further adds to these insights. The stand's strength lies in its ability to
offer high-quality, customisable products, aligning with the 'Made in Qatar' sentiment. Yet,
the challenge of high initial investment and brand establishment in a competitive landscape
cannot be overlooked. Opportunities for growth are evident in the expanding market and
potential for diversification into delivery services. However, threats from competition and
changing consumer health trends necessitate a strategic approach to product offerings and
marketing.
In conclusion, the ice cream stand in Qatar has a promising outlook if it strategically
leverages its strengths and market opportunities while effectively addressing its inherent
weaknesses and external threats. Success hinges on its ability to differentiate itself in a
competitive market, maintain high-quality offerings, and adapt to consumer preferences and
economic conditions. By focusing on the school as a primary location, most of the challenges
associate with competition can be minimised which should give us an opportunity when
starting the enterprise.
Analysis
The primary research highlights a substantial demand for flower delivery services, with a
significant portion (42%) of consumers purchasing flowers at least once a month. The
preference for home delivery (72%) and premade bouquets (62%), alongside a desire for
custom arrangements, indicates a market leaning towards convenience and personalisation.
The pie chart shows the price range most customers are comfortable with varies, but is most
popular at around 150QR, which suggests that the service should focus on offering a variety
of options catering to different budgetary needs. The expectation for rapid delivery
underscores the importance of efficient logistics.
Secondary research supports these findings, showing a trend towards online shopping and a
demand for personalised services in Qatar's flower delivery market. The growth of e-
commerce platforms and the high disposable income in Qatar present a promising
opportunity for a new business. The cultural inclination to gift flowers on various occasions
further bolsters the potential customer base. Technological advancements in flower
preservation and logistics can aid in maintaining quality and freshness, essential attributes as
indicated by consumer preferences.
The PEST analysis reveals a relatively straightforward regulatory environment but
emphasises the necessity of compliance with specific laws related to delivery and business
operation. Economically, the market's value and the daily volume of flower transactions in
Qatar signify an opportunity that could make a lot of money.
The SWOT analysis identifies strengths such as lower overheads and the ability to offer
custom designs as key advantages. However, challenges include finding skilled staff and
maintaining a robust online platform. The opportunity for growth is evident given the
country's high disposable income and the popularity of flower gifting. Yet, the business must
navigate potential threats like competition from established brands and any shifts in
consumer spending due to economic fluctuations.
In conclusion, the flower delivery service in Qatar appears to be a promising venture with a
clear demand and significant market potential. Success will likely hinge on the business's
ability to offer a range of quality, competitively priced products, and to ensure a strong
online presence and efficient delivery service. Adapting to market needs, focusing on
customer satisfaction, and leveraging technology will be crucial strategies for capitalizing on
the identified opportunities and overcoming potential challenges.
Final Choice
Given the comprehensive analysis and research findings, the decision to undertake the ice
cream stand as the new venture is well-justified and presents a promising opportunity. The
primary research indicates a strong demand for ice cream among the target demographic at
the Gulf English School, with a high frequency of consumption and a clear preference for
flavours and serving methods. The possibility to have a high mark up on the ingredients is
very attractive as this will help to deliver a good return for the enterprise. It is also relatively
easy to complete with the group members, meaning the project implementation should be
smoother. As students eat ice cream often and have the spending money to purchase, the
consumer base within the school provides a solid foundation for the venture's potential
success.
The secondary research, PEST, and SWOT analyses further underscore the viability of this
venture. Economically, the growth of the food service market in Qatar, particularly the ice
cream sector, shows a strong market with room for new entrants. The political and economic
stability in Qatar, combined with a pro-business climate, offers a good environment for
launching a new enterprise. Technological advancements and the trend towards online
engagement can be used to enhance the ice cream stand's reach and operational efficiency
with can be exploited if future growth is desired.
Appendices – Task 1
Appendix A - Research Findings for Ice Cream Stand
A market research survey was conducted to discover consumer trends and preferences.
The majority of respondents were female which may provide a slight bias with the results as
the majority of the Qatari population is male.
All the respondents were aged 15 and under which is not representative of the population,
but my ice cream parlour will largely be targeted at younger people anyway. Therefore, their
views are most important.
The majority of participants eat ice cream 2-5 times a week, with almost all eating it at least
once a month. This is a good sign for the ice cream parlour because it shows that demand is
high amongst the target demographic.
The result of this question shows that Baskin Robins is by far the biggest competition we will
face, with more than half of the respondents favouring that brand as their choice of ice
cream. Pinkberry is also very popular with other brands not really registering with
participants. Ideas from these companies can be adapted to my new enterprise since this is
what consumers seem to like.
The cup and cone options represent almost all of the ways that consumers prefer to eat and
store their ice cream. This means the ice cream parlour will have to ensure that these
offerings are well covered in our products.
People prefer quite a diverse range of ice cream flavours, but vanilla is significantly the most
popular. This means the shop will need to have plenty of vanilla on hand but also a big
selection of flavours. By mixing the ice cream on site, we can allow customers to choose
what specific combinations they want with enough forward notice.
The vast majority of survey respondents, about 70%, spend between 10-25 Qatar riyals on
ice cream which was the lowest price bracket. Only two people were willing to spend
between 41-60QR. This shows that I will have to manage costs well and be able to provide
my ice cream at the lowest price possible to attract customers.
Unsurprisingly, almost all the participants either strongly or very strongly likes the taste of
ice cream. No one rated the taste less than 3 which shows that ice cream is a very popular
food amongst the younger demographic. This is a good sign for the business because it
means that demand for this product should be high, and people will be willing to repurchase
if they like the flavour.
Respondents like a variety of toppings which means a big selection will have to be offered in
the parlour if we are to be successful with customers.
Around 10% of the surveyed population have allergies which means a new business will have
to follow strict protocols when labelling food and offering items which could be dangerous
to some people. Laws must be followed, but more importantly, customers need to be
protected.
Research indicates that children and teenagers have a preference for classic flavours like
chocolate, vanilla, and strawberry, but also show a keen interest in trying new, exotic
flavours. Including a mix of classic and innovative flavours can cater to a wide audience.
Health Consciousness
There is a growing trend towards healthier food options, even in treats like ice cream.
Offering low-fat, low-sugar, or dairy-free alternatives could attract health-conscious students
and staff.
Younger audiences are attracted to visually appealing food. Incorporating colourful toppings
and creative presentation can enhance the appeal. Additionally, offering a variety of serving
options, like cones, cups, and sundaes, can cater to different preferences.
Sourcing of Ingredients
Locally sourced ingredients can reduce costs and support the community. However, certain
exotic ingredients might need to be imported to create unique flavours that could
distinguish the stand from competitors.
Emphasising the use of high-quality and fresh ingredients can be a strong selling point. It can
also contribute to the overall taste and customer satisfaction.
We can differentiate the ice cream stand with unique flavours, dietary options (like vegan or
allergy-friendly), or innovative serving methods. Also, it might be best to implement
promotional offers, loyalty programs, or collaborating with school events can increase
visibility and customer retention compared to other food outlets in the school. By engaging
with students through interactive activities, like allowing them to create their own flavour or
topping combinations, can create a memorable experience and foster loyalty.
1. There are strict laws with selling food products so I will have to ensure food
preparation and storage is up to code.
2. Qatar is now open to GCC visitors and trade so can expect increased demand.
3. Must be honest about the contents of the ice cream and the nutritional value so will
have to research and test it.
4. The Qatari government is stable and pro-business with low corporate tax rates of
10%
Economical:
1. The Qatar food service market is currently worth $1.72b and is expected to reach
$2.89b by 2029.
2. The overall value of the ice cream market in Qatar was valued to be about $75
million in 2019, expanding at a pace of 10-15%.
3. Current economic growth is 2.7% in Qatar which represents a slowdown from recent
years but still healthy.
4. Qatar’s inflation rate was 5.00% in 2022 which is a 2.69% increase from 2021 so it
might mean people have less disposable income to spend.
Social:
1. People are trending towards eating more healthily which might mean I will have to
focus on the health benefits of the ice cream and not state the negatives too much.
2. Teenagers and young people still like ice cream though so interest may be high.
3. Made in Qatar products have seen an increase in sales so I can emphasise the local
production of the business.
Technological:
Forty two percent bought flowers at least once a month and the majority of respondents
bought flowers at least once every six months which shows that there is high demand for a
flower delivery service.
The most common amounts spent of flowers is between 101-250QR which means a new
company should try to design most of the bouquets in that price range. Some more
affordable and luxurious packages can also be designed to attract the other segments of the
market.
The most common purchasing behaviour is to buy flowers as gifts for celebrations and
general gifts. This means the online platform should focus largely on creating sections for gift
giving ideas to make ease of use and purchase better. A section can also be created to sell
flowers for display in the home.
The vast majority of participants (72%) prefer to have bouquets of flowers delivered to their
home, rather than going out to have to buy them. This means that demand for the online
delivery platform should be high and there is little need to waste capital on renting shop
place. As the trend for online shopping increases, the new venture will see many
opportunities.
Most people like premade bouquets but there is also reasonable demand for custom flower
designs so the flower delivery store should offer both services to help increase sales.
A lot of the survey respondents expect quite quick delivery after placing an order. Only 6%
would be happy with delivery taking more than one day. This means that more drivers and
florists may be required to ensure that bouquets and floral arrangements are reaching
customers as quickly as possible.
The vast majority of people didn’t mind having a florist come into their home to prepare
bouquets for them. This means that we could provide highly specialised services where
customers can tailor their own bouquets individually. This is something that could be
charged higher for.
Appendix G - Secondary Research Summary
Market Trends
The flower delivery market in Qatar is influenced by global and local trends, including
increased online shopping and a preference for personalized services. There's a growing
demand for a variety of flowers, including both local and imported exotic species, catering to
Qatar's diverse population.
Consumer Behaviour
Customers in Qatar value quality and freshness when it comes to flowers, often seeking
arrangements for special occasions like weddings, anniversaries, and cultural celebrations.
There's a notable preference for convenient shopping experiences, hence the importance of
a robust online presence and efficient delivery services.
Competition
The market includes a mix of local florists and international chains, with competition based
on quality, variety, service, and price. To be successful a new business should differentiate
itself, possibly through unique offerings, exceptional service, or niche market targeting.
E-Commerce Growth
The rise of e-commerce in Qatar is a significant trend, with more consumers opting to shop
online for convenience and safety, particularly as delivery services such as Talabat and
Snoonu have grown so popular in recent years. An effective online platform and digital
marketing strategy are essential for tapping into this growing segment.
Cultural Influences
There are huge peaks in demand during important holidays such as Eid and Ramadan. It is
also very traditional in Qatar for people to buy others flowers on their birthday, to celebrate
graduation, when individuals are sick, or when gatherings are held.
1. Deliveries in the heat are required by law for the driver to be in a car.
2. There are few legal requirements relating to flower storage and preparation.
3. Would need a business license to do a delivery service.
Economical:
Social:
1. Giving flowers as gifts has become a very popular trend in Qatar among women.
2. Flowers are viewed as being green and pleasant which helps to promote
environmental benefits.
3. People prefer to stay at home than go out to shop so online is a good choice.
Technological:
1. Qatar has developed their own greenhouse technology for flowers making wholesale
prices lower.
2. Smart coolers can help keep flowers fresh in transport.
3. All sales and deliveries will be tracked digitally to make company paperwork easier.
If we couldn’t get a place to put the stand and ice cream making equipment, then we simply
would not have an enterprise to run. It would have been impossible to make ice cream and
provide it to students without an established area inside the school. Due to the heat in
Qatar, it would also have been inadequate to place the stall outside as it would have been
too hot for the equipment and students would be reluctant to walk and queue outside for
their treats. This is a dilemma that requires the enterprise skill of resourcefulness to solve.
We must be able to get the most out of our limited budget and the best way to do this is
choose a site on the school grounds that will make have a high footfall but not require too
much spending to bring it up to a suitable standard to prepare and serve ice cream.
The solution to this issue involves repurposing a service area in the cafeteria section of the
school. A single ice cream machine will be sufficient at launch, and apart from that, only
storage for the raw ingredients and a chilled display cabinet is required. Therefore, the
optimal strategy will be to drastically scale down the amount of space used and select a
position that already has a lot of student foot traffic. This innovative approach will require us
to compact the equipment into a unique layout which will have a compact square shape
meaning we won’t have to use up a lot of floor space. However, this would require getting
permission from the school to use the area for our intended enterprise. Solving this problem
will involve holding many negotiations with different members of staff at GES who represent
different stakeholder groups. I will have to coordinate with my teacher to talk to the
administration manager and get approval for the head of health and safety. Explaining our
plans to these individuals will be quite time consuming as we have to provide extensive
details of our plan, but the actions should be successful to get the required permission to
establish our enterprise.
There are a number of options to overcome this problem. Firstly, we could watch tutorial
videos online which contain technical information on how to use the devices and create
different flavours of ice cream. A second option will involve going on a training course where
we will receive one-on-one instruction. However, this is an expensive and time-consuming
option since we have a limited budget and time is constrained before our planned launch.
When trying to survive as a new business, it is imperative we keep costs as low as possible
initially, to improve cash flow and ensure we break even as soon as possible. Another option
could be to hire an employee who already has experience of working in ice cream
production so they could either make and serve for us on site or provide us training. While
this is the better option in terms of satisfying quality concerns, it is also the most expensive
choice which would require a lot of administration and legal processes. Therefore, the
optimal strategy may be to watch instructional videos as this is cost-effective and we could
set time aside for experimentation with our equipment and product making.
By taking the initiative and experimenting ourselves, we could hone our skills and become
adept enough to use the equipment at launch. This is a calculated risk we are willing to take
as it would help us to keep expenditure low and we are confident in being able to teach
ourselves due to our enterprise skills of perseverance. With the appropriate risk
management strategy of having a contingent plan to hire an experienced worker we will be
able to mitigate any problems that will arise as quickly as possible if we cannot master the
ice cream making equipment in time. Therefore, we will also look for a candidate to work for
us and conduct interviews with potential employees. That way, if it is deemed that we
cannot make ice cream to a suitable standard by launch, we already have an employee lined
up who can take over this task from us.
There are a few solutions that we could employ for this problem. Firstly, we could outsource
the whole task to a graphic designer and then have the signage printed by a specialist
company. This would be beneficial because a professional designer would be able to make
the designs better than we could due to their skills and experience. However, this is an
expensive option, and we have a tight budget. Delegating the whole task to another
company is wise if the budget allows but it might be better to consider other options and
take on the responsibility ourselves. As the professional printing is also costly, it would be
better to spend money on this as there are no other viable options to get the high standard
of signage we require, that would also hold up for a long time. Therefore, the optimal
strategy would be to design the point-of-sale display ourselves, creating a nice logo, slogan,
pictures of products, and pricing. Then, we will send that to the printers and pay for the
signage delivery and installation. This is a very important part of our enterprise success,
because even if we create great ice-cream, it will be hard to attract visitors without a display
that instils confidence in first-time purchases. Hence, it is well worth the investment for
printing.
To solve this issue, I will attempt to raise the funds from my parents. As it is a significant
sum, I am likely to face a lot of resistance. To handle the challenge, the business plan,
forecasts, and marketing strategies will be explained to my parents in detail so that I can
overcome any objections they might have. Promising to repay the initial loan and share a
percentage of the profit with them should also entice them to be investors in my business
venture. This is an optimal solution as repayment plans can be more flexible and control
over the company will be maintained.
Appendices
Appendix A: Action Plan
The following stages of starting the enterprise with each set, the resources, and time needed
are listed below.
Strengths
1. Wide reach potential
2. Targeted advertising capabilities
3. Direct engagement with the student audience
Weaknesses
1. Demands consistent effort
2. Dependence on platform algorithms
Influencer Marketing
Influencer marketing involves collaborating with popular local influencers in Doha to
promote our ice-cream stall. This strategy includes partnering with influencers who have a
significant following on platforms like Instagram or YouTube. They create content featuring
our stall, share their experiences, and recommend our products to their audience, aiming to
influence their followers' purchasing decisions.
Strengths
1. Enhanced credibility and trust
2. Targeted reach within specific demographics
3. Potential for authentic promotion
Weaknesses
1. Costly collaborations or free product provision
2. Limited control over influencer content
Strengths
1. Direct community engagement
2. Increased brand visibility
3. Networking opportunities
Weaknesses
1. Cost and resource-intensive
2. Potential limited reach depending on event scale
Email Marketing
Email marketing involves creating and maintaining an email list to directly communicate
with students in the school to have persistent communication with them. This strategy
includes sending newsletters, updates, promotions, and exclusive offers to subscribers,
aiming to retain customers, drive sales, and encourage repeat visits to your ice-cream stall.
Strengths
1. Direct communication with subscribers
2. Cost-effective method
3. Customer retention through personalised content
Weaknesses
1. Reliance on an engaged email list
2. Risk of being marked as spam if not managed effectively
Expected Success: The wide reach potential of social media combined with targeted
advertising capabilities and direct engagement opportunities can effectively build brand
awareness, attract students, and encourage them to visit the stall.
Influencer Marketing
Justification: Influencers hold substantial sway over their followers in Qatar. Partnering with
local influencers who have a significant and engaged following can leverage their credibility
to endorse our ice-cream stall. Their authentic promotion can influence their audience's
purchasing decisions and create a buzz around our offerings.
Expected Success: By associating our brand with trusted influencers in Doha, we can reach a
more targeted audience and establish trust more quickly, potentially leading to increased
foot traffic and sales.
Email Marketing
Justification: Email marketing offers a direct line of communication with both existing
customers and potential student/staff leads. It allows for personalised content delivery,
enabling us to share updates, special offers, and promotions directly with subscribers
interested in our ice-cream offerings.
The combination of these marketing methods allows for a multi-faceted approach that
maximises reach, engagement, and conversion opportunities. By leveraging social media's
wide reach, influencer credibility, local event engagement, and personalised communication
via email, the ice-cream stall can create a strong presence, establish brand recognition, and
drive customer traffic in Doha.
Final Choice
While all these options would be great to do simultaneously, we are limited by our
marketing budget and the time we can commit to our marketing activities. For this reason,
we had to assess the cost-effectiveness of each option and decide which avenues to follow.
The first point of agreement was that social media marketing is the optimal way to reach
students and faculty in the school. We can target adverts directly at them and access
potential customers through the school’s existing presence on social media. The cost of
running this marketing communication is also low, as we will only need an internet
connection and a team member to run the social media accounts.
The social media campaign will use attractively designed post images which resonate with
the student demographic. The images of the ice cream will take centre stage, but funny and
interesting elements will also be added as this helps the marketing communication stand out
while the students are scrolling on their social media platforms. The interactive element of
this choice is also important since we can provide direct feedback with our customer base
and we will run a promotion where the first 100 visitors get a discount on their ice cream,
which should convert the social media adverts into real-life foot traffic.
While the idea of influencer marketing is attractive, the costs associated with it are
prohibitive. Popular influencers want tens of thousands of riyals just for a single day of
posting. Since our target audience reside solely in GES, the wide exposure generated from
this method is unnecessary, making the method unsuitable for the costs associated so we
decided not to use this marketing communication.
The email marketing campaign was also signed off on by the group as it was relatively easy
to access the emails of the students in the school. Also, the costs were also essentially free
as there are no charges associated with using the school’s network system to write the
emails and send out news of our launch and introductory promotions. That made this option
extremely cost-effective and a powerful way to reach our target demographic. We must
ensure we use a large font size when developing the headings of these emails because we
want them to stand out and grab the reader’s attention. Nice graphics will also be used to
highlight the aesthetic value of the ice cream which should encourage more students to visit
the stall and try it.
The event attendance and sponsorship were also a very attractive option and the group
pledged to use this marketing communication after the enterprise was better established in
the school. We decided it would be optimal to master our manufacturing and customer
service processes first and then coordinate events at the school when we were more
comfortable with the equipment and had the confidence to move it around to the sites they
would be required for school events. Attending a school event would also require further
authorisation from school authorities so it is not something we could do initially at launch,
instead we would schedule this activity to align with the school’s event calendar.
Presentation
Task 3 Using Enterprise Skills to Implement the Plan
The following section will detail how I employed different enterprise skills to carry out my
project. Five different skills will be identified and analysed including negotiation, time
management, creativity, problem solving, and leadership and delegation. Utilising enterprise
skills are essential to managing successful new venture initiatives so I will describe how I put
my abilities to use.
Negotiation
Negotiation skills are crucial in enterprise as they enable effective communication, foster
collaboration, and facilitate mutually beneficial agreements, ultimately driving successful
outcomes in complex business transactions and relationships. Raising the significant capital
requirement to start the ice-cream stand was one of the largest challenges that had to be
overcome during the planning and implementing stages. The only real viable option was to
encourage my parents to provide a loan which could then be used to start the business, with
a promise to make repayments over time. However, convincing my parents to lend me
money was not an easy feat and required employing negotiating skills to achieve what was
necessary. I carefully planned for the negotiation that would take place (see appendix) and
was successful in persuading my parents to provide financial support.
Time Management
Time management is an important enterprise skill because it enhances productivity,
optimises resource utilisation, and ensures efficient project execution, enabling businesses
to meet deadlines, reduce operational costs, and maintain a competitive edge in the market.
I generally struggle to manage my time effectively so I decided to take a new approach with
this venture and created a daily schedule which would lay out all the tasks that needed to be
completed such as obtaining the raw ingredients, checking stock levels, administrative tasks,
and support activities. Following a pre-planned agenda really helped me to reach critical
milestones in a timely fashion so that costs were reduced, and deadlines were met.
Additionally, in designing the physical space of the ice cream stand, creativity was crucial for
creating an attractive and attention-grabbing space. Understanding the impact of visual
appeal on customer engagement, I employed creative design elements that went beyond
the ordinary. From vibrant and inviting colour schemes to visually appealing displays, the
stand became not just a place to purchase ice cream but an experience that drew customers
in using a creative point-of-sale display. This innovative approach to design not only
enhanced the aesthetic appeal of the kiosk but also contributed significantly to attracting
attention and creating a positive customer perception.
Problem Solving
Problem-solving skills are essential in enterprise as they empower individuals to analyse
challenges, devise innovative solutions, and adapt to dynamic business environments,
ensuring the organisation can overcome obstacles, capitalise on opportunities, and achieve
sustained success. During my project, I ran into a few problems which required me to
identify the issue, assess different options available to overcome the problem, select a
solution, and implement the new course of action to be successful.
The first large problem I came across was that brand new ice cream making equipment was
much more expensive than I had budgeted for, based on cost estimates in the USA. The
equipment shops in Qatar charged much higher prices and informed me they would need to
import new products from abroad to provide for me. This introduced unacceptable time and
financial costs which would set back my enterprise project. To overcome this issue, I
considered different options and decided that buying second-hand equipment would be the
optimal solution. Using an online platform, I was able to source used ice cream equipment
which I could purchase quickly and at a fraction of the cost of buying new.
Another problem arose when trying to create the branding materials for the new enterprise.
My technical digital design skills are not well developed and my attempts at making logos on
Canva were not very impressive or professional looking. Having impressive branding is an
important aspect of a new business so I had to solve this issue in a cost-effective way. I had
heard about people using new AI software to aid in digital designs, so I taught myself how to
use a software program called Gencraft which greatly helped me in creating a much more
professional looking logo and supporting promotional materials.
Appendix 1
Negotiation Plan: Successfully Secured Start-up Capital from Parents
Objective Achieved: Secured a start-up capital of 50,000QR from parents with a structured
repayment plan and a percentage of profits offered as a return on their investment.
Stages of Negotiation:
o Conducted thorough market research to present a compelling case for the ice
cream kiosk venture.
3. Presentation Design:
o Began with the market opportunity, emphasising the demand for quality ice
cream and the uniqueness of the venture.
o Presented the financial details, showcasing how the start-up capital would be
utilised and the projected returns.
6. Negotiated Terms:
Successful Outcome:
By carefully navigating each stage of the negotiation process, I successfully obtained the
start-up capital from your parents, establishing a solid foundation for my ice cream kiosk
venture and fostering a mutually beneficial partnership.
Task 4 Evaluating the Project
Introduction
Embarking on the journey of establishing and managing an ice cream kiosk venture has been
a dynamic and enlightening experience. This report undertakes a comprehensive analysis
and evaluation of the enterprise project, focusing on two pivotal aspects: the planning and
implementation processes, and the marketing strategies employed. Through an examination
of both positive and negative outcomes, a comparison with initial predictions, and the use of
evidence-based insights, this report aims to provide a nuanced understanding of the
project's trajectory. By exploring the planning, execution, and marketing communications,
the key lessons learned, areas of success, and potential avenues for improvement will be
identified. The objective is not only to assess the project's current standing but also to
inform strategic decisions and recommendations for future enhancements, enabling a
greater chance of success in future endeavours.
Analysis of Deviations
While the planning process was thorough, the real-world implementation presented some
deviations from the initial plan. One notable deviation was in the location selection strategy.
The initial plan proposed scouting for a stall right at the front of the school cafeteria;
however, unforeseen circumstances, namely the health and safety restrictions imposed upon
us by the school, prompted a change in plans. As a result, securing an optimal stand location
proved more challenging than anticipated, leading to adjustments in the final location
decision. We were quite a way off from where we planned to be but successful negotiations
with administrators meant we were still in a place with high footfall which was important in
our success.
Another area of deviation occurred in the financial planning stage. Despite the initial goal of
relying solely on a loan from parents, the actual implementation saw the exploration of
alternative funding sources. This shift was driven by practical considerations and the
realisation that diversifying the funding base could enhance financial stability, especially
since our marketing communications and kiosk set up had run over budget. Consequently,
we decided to use some of our own savings to help supplement the additional costs we
incurred when printing out of point-of-sale display.
Staying as close as possible to the stages detailed in the action plan allowed for a systematic
progression through various steps of the project. Key milestones were achieved within
specified timeframes, such as market research, equipment setup, branding, and marketing.
The inclusion of regular monitoring and evaluation points in the plan enabled adjustments in
response to evolving circumstances, contributing to the overall success of the
implementation.
Branding Elements
Integral to the marketing communications strategy was the development of a robust brand
identity through carefully crafted branding elements, including a distinctive logo, employee
clothing, and specialised cups. While these elements incurred initial costs, they played a
crucial role in establishing a memorable and recognisable presence in the market. The logo,
acting as a visual representation of the business, contributed significantly to brand recall.
The incorporation of branded items, such as employee clothing and cups, further enhanced
the overall customer experience by presenting a cohesive and professional image. The long-
term benefits of these branding efforts, in terms of customer loyalty and a strong brand
identity, are considered well worth the initial investment, contributing to the success of the
ice cream stand.
Email Marketing
In combination with the new digital initiatives, the ice cream stand embraced a more
traditional approach through email distribution. While email sending was time consuming to
perform since all student email addresses had to be manually inputted, it was an extremely
valuable method for local marketing because it allowed us to directly reach out to students
who we knew were our target demographic. The targeted distribution of emails allowed for
direct communication with potential customers in GES and let them know where we put our
kiosk, so they would be able to visit us. Effectiveness in attracting potential customers
through emails hinges on a well-planned strategy and the appeal of the content. When
strategically deployed, the emails proved to be an effective means of providing information
about the ice cream offerings, location, and promotions students which drew them to the
stand. In particular, we gave the first 100 customers a discount if they referenced the social
media or email posts which allowed us to track their effectiveness and many of the early
purchases took advantage of this offer, showing it had successfully reached our audience.
One critical aspect for improvement lies in the enhancement of risk management strategies.
While the ice cream kiosk venture displayed adaptability in the face of unforeseen
challenges, a more proactive approach to risk identification and contingency planning could
be beneficial. Future projects could benefit from a comprehensive risk assessment at the
planning stage, identifying potential obstacles and outlining clear strategies for mitigation.
By establishing contingency plans for various scenarios, we could be better prepared to
navigate uncertainties, minimising the impact of deviations from the original plan.
Additionally, I could conduct a thorough evaluation of the email marketing strategy, ensuring
it aligns with changing student behaviour. The email could have QR codes or links to the
other digital elements which would bridge the gap between our online marketing tools. This
streamlined approach would help drive people who have seen the emails onto our social
media platforms. Finally, sustainability factors could be introduced into branding elements.
By considering eco-friendly packaging options, we can communicate environmentally
conscious practices to create a unique selling point with environmentally conscious
consumers.