Professional Documents
Culture Documents
ENTREPRENEURSHIP
Presented by Group 5:
Nayab Akhter
Zeeshan Ali
Ihsaan Noor
Zain Abbasi
Hashim Siddque
PART 1:STRENGTH OF THE
BUSINESS IDEA
• Extent to which the idea:
4
Most of the study related material has to be
printed i.e. notes, assignments,
1. Takes advantage of an applications.
environmental trend
4
2. Solves a problem Avoiding long queues, pre-ordering, no
physical presence needed and premium
3. Addresses an unfilled gap in quality service.
marketplace 5
People who don’t have time and want more
convenience and specific choices.
• Timeliness of entry to market 4 This is a perfect time as people avoid to
miss any deadlines and our customer has
the right technology to use our services.
• Extent to which idea “adds value” for 4 The customer is getting fast and reliable
the buyer service which saves a lot of time with
best quality and rates.
• Extent to which the customer is 2 Customer are not that much satisfied as
satisfied with the competing products because of long queues and time
that are already available wastage faced in order to get printouts.
• Degree to which the idea requires 1 Some substantial changes like placing
customers to change their basic the order (time, place, price and
practice or behavior to change payment) and rest has to be the same
procedures.
PART 2: INDUSTRY-RELATED
ISSUES
• Number of competitors 2 There are just two competitor's in our
business which are located in the
university.
• Ability to create barriers to entry for 1 Not possible to create barriers for new
potential Competitors. competitors as there are already two
competitors in our business but in
natural way customer loyalty serve as a
barrier for new entrants.
• Founder or founders skills as they 4 Team has great decision making skills
relate to the proposed new venture’s and also have some personal experience
product or service in the industry. So they can carry out this
business idea better than anyone else.
• Ability to fund initial product (or 5 Our initial Start-up cost is not high so
service) development and/or initial we fund it through our savings.
startup expenses from personal funds
Thank you