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SMALL BUSINESS MANAGEMENT
Course Code bus 111
Idea 1
Initial analysis
Picturesque events specialist
Resource Requirements
Resources
1
...
Equipment
Planning
Co-ordinating
Executing
Events
Consultancy
(budget
planning,
reception setup,
event
scheduling,
etiquette advice
etc
...
Visual Aid-2
...
Cameras/camcorder
4
...
Tents/bouncy castle
6
...
Cutlery
8
...
Sound Systems
10
...
Coloured lighting
3
...
Finance
$50 k – employees
Ability to
Commit
6 laborers
1 Gen
...
budget
$1500 per day
$50K/ month
Rental @$3K
Rank
HIGH
HIGH
HIGH
MEDIUM
5
...
00)
and seventy percent (70%) of our time and effort to the initial set-up of the business
...
In the event the business fails, risk would be absorbed
...
Family life
would be interrupted but discussions would be carried out with our family members for them to
be aware
...
However, personal integrity would not be affected since this would be treated as a stepping stone
and only makes me (manager) stronger in the world of business
...
In fact, lower prices are very
often associated with poor service quality
...
Picturesque Event Specialist intends to aggregate a complete range of consulting and
events services such as weddings, anniversaries, birthday parties etc under one roof
...
In essence, to attract people, our
clients’ wishes become our commands
...
Threat to Sales – In order for competitors to meet or exceed our quality, this can only be
determined by the customer through surveys, such as comment cards and questionnaires
...
Example, membership club
such as discount cards
...
Hence, by utilizing numerous supplier contacts that the company owners have established
competitors will not be able to lock us out of suppliers
...
Threat to Operational Financing – During initial set-up capital and recurring expenses may be
tough but as the business establishes itself and gains market share, it should be in a position to
manage its operations and finances to firmly stand its ground
...
H