Entrepreneurship and Business Management
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Transcript of Entrepreneurship and Business Management
EntrepreneurshipHamza Arshad – 8955 Bushra Hussian – 9251
Anum Imtiaz Kazi – 9260Muhamma Zeeshan – 10196
Fahad Shah – 10848
Choosen Company
About Eatables
Started on 23rd February 2012.
Hira Khan and Jasim Zubedi -MBA (Regular) Students of Institute of Business Management
Avail the opportunity and open a food stand where good quality food are offered at affordable price.
Vision Statement
Good taste ,Quality Product at Sastay Daam
Food Menu
Choose Your Favorite
Choose Your Favorite
Make DeliverPrice Make DeliverMakePriceDeliver PriceDeliverPrice
EatableEatable
SidesSides Eatable Menu Eatable Menu SpecialsSpecials
QualityQuality Return
QualityReturn
Return
Fries (Regular) 30/-
Fries (Large) 50/-
Aloo Tikki ban kabab. 30/-
Traditional Bun Kabab. 40/-
Chicken Bun Kabab. 60/-
Double Chicken bun Kabab with eggs. 100/-
Steak Bun Kabab. 120/-
Cheesy Potatos (Regular) 30/-
Cheesy Potato (Large) 40/-
Ad OnAd On
Cheese +15
Legal Issues at Start – Up
No Taxes
Location issue
Proposal initially rejected till 6 months
IOBM specify that it reduce the profit of
other
Product offer rejected as it was already
registered by activity Centre canteen
Drinks cannot be offer as they were already offered by
other.
Initial Funding/Capital Arrangement
Eatable owner’s
own pocket
Shop construction, machines and other
equipment
Promotion cards, electricity wiring,
raw material
Marketing Plan
Marketing Mix
Product Strategy:
Fast Food with Customized Packages
Pricing Strategy: Pricing by Competition Not Concerned to set High Prices Value Pricing is practice
Promotion Strategy: Social Media Updates Teaser Brocuhers Event Participation
Distribtuion Strategy: Shop/Stand Catering (Future Plan)
Marketing Steps and Action Plan
Social Media Fanpage
Competitor/Industry Analysis
Competitve Factor Eatables A2Z Cafe Syria INN
Years of Existence Less then 1 Year More then 1 Year More then 1 Year
Product or Services Fast Food Fast Food and General Food Items Fast Food
Quality Good Good Good
Varieties Limited Extensive Limited
Dine Inn Area Small Huge Small
Price Low the A2z Little expensive the Eatables Affordable
Secret of Success/Failure
Secret of Success: Customer Satisfaction Employess Satisfaction
Secret of Failure: Criticizing Yourself Worse Quality
Sustainability
• Customer satisfaction• Quality control• Respectable and
virtuous relationship with employees
• Economical prices
Creativity and Entrepreneurship
• According to John Howkins he defines creative entrepreneurs as people who ’use creativity to unlock the wealth that lies within themselves’ rather than external capital.
His success – like others – depends on his ability to master three critical skill-sets:• Creativity• Collaboration• Entrepreneurship
Risk Appetite
• “If you put on paper what it would take to be successful in your company, you’d never take the first step, which is why most people don’t.”
• Inherently risk takers• Leap of Faith• Blind belief