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.
Nobody downloaded yet

Entrepreneurship - Essay Example

Comments (0)
Summary
Entrepreneurship Customer Inserts His/Her Name Customer Inserts Grade Course Customer Inserts (29, August, 2012) Introduction The business proposed in this paper will be a clothing retail outlet in United Kingdom. People in the country spend a lot on clothing and therefore a clothing business will be the most suitable for United Kingdom…
Download full paper
GRAB THE BEST PAPER
Entrepreneurship
Read TextPreview

Extract of sample
Entrepreneurship

Download file to see previous pages... A Retail clothing store is also chosen because of the relative ease with which it can be started. Usually clothing retailers do not manufacture their own garments and outsource all their manufacturing to third parties. This is done to keep the focus on the main business activity that is selling garments. In this paper a discussion will be made on how to start a clothing retail business in United Kingdom. A brief outline will be given regarding the idea of the business in the paper. Business developed alongside with costs and market research will also be included in the paper. Major operational issues will also be discussed alongside with the target market and consumer in the paper. Outline of the business Idea The idea behind the business is to open a discounted clothing retail store. The store will offer garments at very affordable rates to the consumers. The aim is to cater to the needs of the consumers in the most affordable form. Low priced clothing will be the unique selling proposition of the business. The notion of selling clothing at lower price is justified because there are many people who would prefer buying clothes at affordable rates. Not many people can afford high prices, even for fashionable clothes, and therefore this store might be able to attract a large number of people. Profit margins will have to be slashed but large amount of sales is likely to compensate for lower profit margins. Another important part of the business strategy will be outsourcing of manufacturing to countries like China and India. These countries are well known for their textile products and can produce garments at very low rates, and European Union countries are already buying textile products from these countries (European Commission, 2012). The business will be outsourcing its manufacturing in order to make sure that enough attention is given to things that are important like marketing and sales. Also expertise of producing clothes at affordable rates is not available in the country and therefore taking help from specialized the developing countries might be the only possible option. The strategy of outsourcing also complements the overall business strategy of the company as it will allow us to order large quantities which will be necessary for large number of sales. The idea behind the business is to attract people who look for clothing at lower prices. The retail clothing store will also focus on quality and this will also attract consumers. After the economic crisis of 2008 people have seen their purchasing power reduced. This is why people will be interested in such economic times in affordable clothing line. Lower prices will be the main focus of the business and this will also be used in the marketing of the business in the country. Market and Consumers The main target market for the business will be the younger generation. Young people usually are short of money; therefore, they look for good bargains when it comes to clothing. They look for new and trendy garments which are affordable, and this is exactly what will we provide them. Younger generation is also the main target market because of the ease with which they can be targeted using social media and other cost effective method. Another major target market for the business will be middle aged people. Economic recession has created many financial problems for middle class ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Entrepreneurship
This paper has been designed for the purpose of undertaking an inclusive analysis of entrepreneurial traits in relation to a selected entrepreneur. The main purpose of the entrepreneurial analysis is to stimulate deeper personal awareness and reflection on a person’s intentions towards potential entrepreneurial journey.
7 Pages(1750 words)Essay
Entrepreneurship
An entrepreneur is one who discovers opportunities, brings innovative ideas to explore these opportunities and to make them profitable business venture and think creatively to stay long in the business field.
12 Pages(3000 words)Assignment
Entrepreneurship
Being driven by passion to succeed, entrepreneurs are always ready to face any risk that may arise in the course of their day to day business operations. To be an entrepreneur, one should be a risk taker with extensive capabilities to innovate. According to Nicolaou and Shane 17, an entrepreneur should be able to introduce new technologies, generate new products, and enhance productivity in his or her venture thus creating employment to other members of the public.
12 Pages(3000 words)Essay
Entrepreneurship
Entrepreneurship Reflection Essay Name Professor Institution Course Date Entrepreneurship Reflection Essay Over the past years, entrepreneurship had been perceived less important in the healthcare sector thus it received little attention. The barriers inherent in the culture and structure of healthcare organizations might have also been the main cause.
4 Pages(1000 words)Essay
Entrepreneurship
Business opportunities 10 1.1 Sales 11 1.2. Cost 11 1.3. Market share 11 1.4. Customer 11 C. Conclusion 12 Reference List 13 A.1. Introduction The entrepreneurship concept was propounded in the 1700s. At that time entrepreneurship meant only “starting of one’s own business” (Sobel, 2008).
9 Pages(2250 words)Essay
Entrepreneurship
Entrepreneurship has traditionally been perceived as an isolated process whereby the individual organizes resources and uses them for developing the new venture. However, various theories have highlighted the role of knowing individuals and argue that entrepreneurship revolves around whom you know.
9 Pages(2250 words)Essay
Entrepreneurship
Majority of the businesses flourishing today, owe their past, and present to the entrepreneurial spirits of their founders and teams that run them. Successful businesses started by young upstarts
15 Pages(3750 words)Essay
Entrepreneurship
After a thorough review of the history, the author takes the research to a further level by studying this link in context of the entrepreneurship. The author refers to the former research in this subject carried out by Sarasvathy et al.
2 Pages(500 words)Essay
Entrepreneurship
e from the knowledge possessed by individuals or changes in the external world such as technology, demographic and social changes, and regulations by government. It can be exploited through creation of new product, opening new market, using new resources, new production
2 Pages(500 words)Essay
Entrepreneurship
In general, “entrepreneur” is a term applied to a person who is willing to launch a new enterprise and take full responsibility for all outcomes. In other words, an entrepreneur is able to express
16 Pages(4000 words)Essay
Let us find you another Essay on topic Entrepreneurship for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us