You are a consultant to a small size Company engaged in Halal Food Products. The company is interested to expand its business to Europe and North America.. Prepare a Business Report focusing on the business potential.
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You are a consultant to a small size Company engaged in Halal Food Products. The company is interested to expand its business to Europe and North America.. Prepare a Business Report focusing on the business potential.
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- What do you need to do to persuade the present CEO of the company to implement your ideas?REFLECTION: If you're thinking about starting a business, most likely you have dreamed of one that involves your interests. But, what does the market need or want? Do you know who is buying what and how much, or how, where and why they are buying those goods or services already? Determining the marketability of your start-up business is typically done in the context of creating a business plan and performing an analysis of your competition. It requires research into areas of marketability,You have been employed at Small Enterprise Finance Agency (Sefa) as a mentor for up-and-coming entrepreneurs. The client comes to you requiring to be mentored in starting his business. However, he has no idea where to start. As a mentor of prospective entrepreneur provide and advice about all the aspects the client has to take into consideration when starting a business venture
- Develop a business idea not exceeding 500 words. If you have an opportunity to start a business, what kind of business will you start? Mention about: (i) The industry and product/service you are interested in. (ii) State why you are interested in that business. (iii) Who will be your customers and competitors? (iv) The initial amount you may require starting your business.Match each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.What's New Principles, Tools, and Techniques in Creating a Business To start a new business, an entrepreneurs needs to have a plan to start a business, as one of the best practice entrepreneurs to identify needs of the community to start a business. Based on your inquiry whether by interview or survey through print or online, now, I would like you to identify 5 major needs of your community and rank them according to order of priority from 1 being the highest and5 lowest and describe business opportunities that can be created. Activity 1. Fill the table below Needs of the Community Business that can be created Rank 1. 2. 3. 4. 5.
- Suppose that you’ve been hired by a local independent bookstore to help its owner win back customers lost to a large bookstore chain. Design and outline a plan to win back the store’s lost customers and rebuild those relationships. Be sure to incorporate marketing concepts from the course materials.For a startup is it better to have generalists or specialists.justify your answer and discuss both advantage and disadvantage of having generalist and specialistsImagine that you are conducting an interview with a startup (Small Enterprise) in computer industry owned by Omani recent CEPS graduate, and you wanted to know the challenges that young entrepreneurs experience. Which of the following question would give an answer to this question and address your aim of the study: O a. Why did you decide to run your own business? O b. Tell me about yourself? O c. Do you think that the government should offer more financial and training assistance to entrepreneurs? O d. None of the above
- Imagine that you want to start your own business. For your business: (a) Decide on and state a new business concept (the type of business that you want to start and what it does). (b) Decide on and state a name and slogan for that business. (c) Consider at least three different types of business entities (e.g., corporation, sole proprietorship, LLP, LLC, general partnership, LP. S-Corporation), and choose one of those three types of entities as the form of business organization for your new business. (d) List the three types of entities that you considered and provide three reasons that the type of entity you chose for your business is better than the other two tvpes of entities (vou may wish to consider some of the following: ease of formation, tax consequences, management rights, duration, liability, and transferability of ownership (e) Develop a brief marketing strategy for your new business, and state your marketing strategy, including short-term and long-term strategies (f) Will…Prepare a pitch to investors as to why they should invest in your product. Convince them that you understand your target audience and explain how you will reach them. Practice perspective- taking, and consider what it would be like if you were in your target customer's shoes. Why might you want the product? What might be some reasons you wouldn't buy the product? Create a slideshow presentation of your pitch to potential investors. Be sure to include the answers to these questions: What is your product, and how exactly does it promote good health? Who is your target audience, and what do you know about them? What are the ways you intend to advertise to your target audience? How will you use different aspects of media to sell your product? What makes you sure that your product will be a success within its target culture?You work in a small coffee shop. The shop sells primarily three items: brewed coffee drinks, whole bean/ground coffee, and pastries. The shop owner has asked you to gather data on sales of the product mix. There has been discussion of whether the pastries are profitable and should they be discontinued. To complicate the matter your friend would like to sell pastries to the coffee shop and you would like the friendship to blossom into a closer relationship. After collecting the information, you learn that while the pastries are indeed not profitable, but they contribute to covering the overhead costs. And the customer draw potential of the pastries has not been tested. What do you recommend to the owner?