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Entrepreneurship

Entrepreneurship is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as startup company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations.

Business Ideas
We were given a chance to think like an entrepreneur & we came up with the following 10 ideas which may be profitable , innovative & expandable . Our 10 business ideas are :1. Dairy products. 2. Geographical fruit cum vegetable selling shop. 3. Online gift shop. 4. Franchise of big brands like HUL, KFC etc. 5. Custom tailoring shop. 6. Chicken shop. 7. Event management. 8. Home delivery kirana store. 9. Home tution. 10. Sports good shop. We discussed all of these ideas with our faculty Ms. Rajani jain & we shortlisted 3 business ideas which we thought are more feasible, has good opportunity as a new start-up , can be expanded & require less capital to invest . The 3 business ideas are as follows :1. Chicken shop. 2. Geographical fruit cum vegetable selling shop. 3. Online gift shop. After shortlisting these 3 ideas the next step is to find out :a. b. c. d. Who are competitors? Challenges Oppurtunities Target customers

1. Chicken shop a. Competitors In metro cities we can find many chicken shop which has chain stores & they are providing fresh chicken at low cost,we can also find chicken in large retail shop like hypercity , but in tier II & tier III cities there is no such chain store . people buy chicken from local store which is usually very dirty. b. Challenges old sellers, opening of chicken farm , transportation. c. Opportunities people will prefer to buy from a neat & clean shop rather than from local which are usually very dirty. d. Target customers- Non-veg eating people.

2. Geographical fruit cum vegetable selling shop. a. Competitors Very large retail firms also selling geographical fruit in their stores. b. Challenges- usually it will be overpriced , so it can be sold only in major cities , transportation from one city to another city.

c. Opportunity- large profit as we are buying at lower price & selling at lower price. d. Target customers Middle or high class peoples.

3. Online gift shop a. Competitors well stablished online shops like rediff .com, homeshop18.comgiftthebasket.com etc. , local shop that give home delivery facility. b. Challenges- keeping the logistics , customer satisfaction,on-time delivery ,tying up with local shops in different cities.

c. Oppurtunities- act as a mediator between buyer & local gift seller. d. Target customer people working far away from relative , friends & families.

After going through these all point & discussing with our faculty we selected Chicken shop as our final business idea which we want to work upon. We choose this chicken shop because there is no chain stores in small cities which sells fresh chicken with lots of varities (live , dressed, drumstick, boneless, skinless, wings ,leg piece etc.) & maintaining the cleanliness & odorless, so that people will be interested in buying from a relatively much cleaner shop which is selling chicken at the same price or even less that the local shops. We will try to create a good reputation of our brand among the customers.

Business write-up(Chicken store)


We will open a chicken shop in Muzaffarpur , Bihar . In my hometown there is lots of demand of non-veg , there are many local shops which are selling chicken but they keep their shops very dirty & they dont clean that much . These shops are usually open in a hut kind of structure . In starting we will but chicken at wholesale price from dealers & then sell that in our store . After getting the profit from our store in approx 1 year we will open our own poultry farm. After setting up of our poultry farm, well try to open chain store in different parts of the city & the nearby cities. Objectives:I. II. III. IV. V. VI. Provide fresh & healthy chicken Different varieties of chicken items (skinless, boneless ,drumsticks, wings etc.) Neat , clean & odorless environment Establish a brand name. All these facilities at a reasonable price. Opening of chicken poultry farm.

Find a Site for a New Chicken Shop


As chicken is eaten everywhere, any site can be good for opening up of chicken shop but it would be preferable if it will in the main market.

Finance
For opening of one chicken store we will need finance for rent of the shop, construction of shop, payment of workers & sourcing of chicken.

Plans & Shop Fitters


Our shop will have a front end & back end. Front end will have a order desk where order will be taken, & chairs for customers. The price of the chicken items will b shown on a board & comparing price of the competitors will be also shown on that. In the back end there will be

facilities of processing the chicken. We will be need 3-4 person in one shop. Well plan the dimensions , overall look of the shop ,& give that to local fitters , it ll take approx 3-4 week for th construction of the shop.

BIBLIOGRAPHY

http://en.wikipedia.org/wiki/Entrepreneurship

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