Nobody downloaded yet

Enterprise and entrepreneurial management - Essay Example

Comments (0) Cite this document
Name Institution Tutor Date Enterprise and Entrepreneurial Management Introduction Laundry service industry encompasses several services that include dry cleaning services, clothing repair and alteration, laundry services and textile rental. In the current world and trends, the commercial laundry providers are the main profitable firms while the consumer is facing high charges from different sections (Mendelson, 2005)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Enterprise and entrepreneurial management
Read TextPreview

Extract of sample
"Enterprise and entrepreneurial management"

Download file to see previous pages The competition in business industry has grown to a very different level (Chambers, 2008). The laundry business started will operate in London area; laundry and dry cleaning are the components of fashion and textile sector according to the national career service. The level of employment in the field has remained in a stable trend even under the current economic swings. Laundry and dry cleaning industry expects growth and increased employment in the coming years. The region where the business will operate is one of the largest regions in laundry and dry cleaning services in the United Kingdom. The business is launched because, in early childhood days, clothes washing took place at home but there were laundry services around the area. Washing and dry machines mostly considered expensive and hard to maintain. Although, the clothes were clean and smelled fresh the time taken and labor used remained high. According to statistics from the national association of laundry industry, laundry providers have decreased over the past two decades. In the early 1980s, the number was twelve thousand five hundred, but has since decreased by a margin of three thousand. The main reason cited by people in the industry is the cost of starting up a laundry service. The cost of launching a launderette ranges from sixty thousand to a hundred thousand pounds. The cost has minimized of competitors in the industry by a great extent. The family will provide financial support for starting the business through borrowing. The firm’s selling points include the modernization of laundry services from the common traditional forms. Reinvention and innovation are the key factors in the launch of the business. Equipping the business with flat screen televisions, introduction of gaming systems for the kids and having a cafe that serves food and beverages are some of the ways the firm will attract clients. People in the region are used to the traditional laundry services and bringing a new idea through innovation and creativity will help in establishing a clientele base. Technological advance from the coin slots machine to use of top up cards and credit cards will attract everybody both the young and old. The move from coin slot machines is to enhance customer convenience and confidentiality. The product, price, location and promotion are some of the key ideas factored in the firms launch. Establishing a difference in the factors from the rest of laundry service providers will help in the creation of a differential factor from the rest of providers. SWOT analysis will become handy in the determination of the firms strengths, weaknesses, opportunities and threats. The firm will operate in a sole proprietorship, mainly to reduce the time used in setting up the firm (Chell, 2001). The business workers will come from the family members, and they will offer free service until the firm establishes. The firm requires a Rota that will ensure staff members are constantly available, and the firm is not under or overstaffed. The owner with the help of an accountant friend performs the firm’s bookkeeping when it comes to tax returns. Business plan Keys to success The firm has several keys that promise its success, and they include location, convenience, environment and reputation. The location of the firm is strategic such that people will have a glance at it while walking at ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Enterprise and entrepreneurial management Essay”, n.d.)
Enterprise and entrepreneurial management Essay. Retrieved from
(Enterprise and Entrepreneurial Management Essay)
Enterprise and Entrepreneurial Management Essay.
“Enterprise and Entrepreneurial Management Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Enterprise and Entrepreneurial Management
Enterprise and Entrepreneurial Management Introduction It is often said that the success of most ventures is the result of a proper planning. It is true in the case of a successful business venture as well. In the case of a successful enterprise, a good Business Plan is the primary step.
10 Pages(2500 words)Essay
Enterprise and Entrepreneurial Management
The paper shall attempt to establish the key entrepreneurial characteristics that are necessary for such enterprise to succeed, with the view of drawing up a list that can be “adoptable” by any entrepreneur. As a matter of reflection, the characteristics shall be tested for their suitability against this writer’s own personal attributes.
12 Pages(3000 words)Essay
Main Features of Enterprise and Entrepreneurial Management
Most entrepreneurs operate in environments that have considerable competition. It is necessary for the business to establish its own products or services and then differentiate them from competition. According to Boone and Kurtz (2007), differentiation is one of the most primary competitive elements that helps position the business against competition and establish a unique brand that customers recognise.
11 Pages(2750 words)Essay
Enterprise and Entrepreneurial Management
In fact, the act of planning in itself is an exercise of foresight and exemplifies the planner’s recognition of the uncertain future and inevitable change. In business, this procedure with its significant incorporation of time is referred to as the business planning process.
11 Pages(2750 words)Assignment
Enterprise and Entrepreneurial Management
This article critically analyses the steps involved in a business plan. Each stage of the Business Plan is critically examined in terms of what should be included in each step. Also, the contribution of each step to the overall plan is dealt in extended detail. The intention of the assignment is to develop a clear understanding and framework of the requirements for setting up and operating a successful business.
12 Pages(3000 words)Essay
Enterprise and Entrepreneurial Management
The sole trader is the most viable business structure as it eliminates the risk of partnership liabilities and provides more operational controls to the sole trader. Yankee Clippers will procure financing through traditional banking and lending facilities to ensure successful start-up management and subsequent launch of this new, inspirational brand.
12 Pages(3000 words)Essay
Enterprise and Entrepreneurial Management
100,000, which will be supported by talent experts that perform excellence in service through flair and food juggling presentations. The breakeven point for this business is quite moderate, at only 810 customers per month, which is achievable since the business at start-up will be operating three mobile food carts.
12 Pages(3000 words)Essay
Enterprise and Entrepreneurial Management
cash outflows and inflows, projection of the sales demand. Apart from that, the business plan is also critically evaluated using academic textbooks and journals to check the viability of the plan. The critical evaluation also involves analysis of the various assumptions made while preparing the business plan (Garnier and Gasse, 2011).
12 Pages(3000 words)Essay
Enterprise and Entrepreneurial Management
I have taken an account to include and discuss all the positive and negative aspects, prospects and threats too, which was helpful in determining SWOT matrix. After analyzing the matrix and Quantitative strategic Planning; strategic plans
12 Pages(3000 words)Essay
Enterprise and Entrepreneurial Management
A sole trader is personally liable for all the business debts and losses and therefore should do a thorough research on funding, potential market and the competition among others. According to
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Enterprise and entrepreneurial management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us