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Business Idea - Essay Example

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In the case that a student is in school and it begins raining, he/she may be compelled to wait for the rain to reduce before moving from one place to another. In some cases, students have also faced challenges emerging due…
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Business Idea
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Download file to see previous pages The umbrellas can be delivered at a client’s convenience upon request. The clients will be provided with our business cards so that they may refer their friends to our services and also ensure that they make request of our services.
The average cost of an umbrella in UK is 20 pounds. We plan to allocate 300 pounds to purchase approximately 15 umbrellas for the start of the business. The remaining 200 pounds will be used to cater for the product of business cards and process the operational license of the business. The
The unique selling point of this business is based on the fact that the umbrellas can be delivered upon request by the client. Therefore, a client does not have to under any challenge in case the rain begins falling and they do not have an umbrella.
Additionally, the prices will also be relatively available. We expect to sell the umbrella at an affordable price that will favor our clients and the continuity of our business. Owing to the fact that the region experiences frequent rainfall, this business idea is strategic, targeting clients that may be faced by mobility challenges due to frequent rain. The umbrellas are also good quality; our clients will be assured of durability of their umbrellas: We intend to research and determine the most affordable and high quality umbrellas that we will take at wholesale prices to ensure that we reduce operational costs.
The business targets International students in the college, specifically Russian and Chinese students, who are still not aware of the rainfall pattern of the area. In addition, it also targets local students and lecturers, who may be in need of umbrellas to improve their mobility during the rains.
On the other hand, the business targets support staff within the college and other people such as visiting parents and others. These targets are believed to be lucrative for this business owing ...Download file to see next pagesRead More
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