N O 4G 1111 3796 10:35 PM Assignment APU Hint: swipe through items quotes. For t
ID: 352019 • Letter: N
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N O 4G 1111 3796 10:35 PM Assignment APU Hint: swipe through items quotes. For this assignment you will invent a new business. This is a new start -up venture, not an existing one or one that is expanding. Do not use a business created in a previous class. You may not use papers (or any part of a paper) submitted in another class. Make up the business, the location, the client base, and the product or service. Do not use any real company. You may review a real company's website for ideas, but the basis of this paper should be your own ideas. Your opening sentence should begin with something like this: "The new business venture that I will evaluate is................." Expect that your business will be opened in this coming year, not one that opened 10 years ago. Youir introduction should include a description of your company and any details that are important to the reader. The description of your company should be a couple paragraphs with a summary of the business. The other details can be discussed when you are reviewing each of the SWOT elements. The final goal of this paper is to prepare a SWOT analysis of your new venture company. Make sure you have at least two other sources (other than the text) to supplement your work.Explanation / Answer
1. in today's world, everyone is busy in making money they are so busy in that process that they left behind all other factors of life. the family is the most important factor for everyone existence, everyone is moving to nuclear families which shrink the no of members of the family. any new couple when plans to have a child then they don't have anyone to rely on apart from caretaker or babysitter so we are making a new venture of "parenting the new ones" where we try to help the new parents, how to raise their new ones and what are the factors which they need to be clear off. we provide many activities on one platform to them so that they can rely on us. we will discuss them in details in furthers points.so this is the overview of our idea of the new venture.
3.for nay venture we need to do the SWOT analysis before handing over the real platform of work. SWOT analysis is a type of analysis in which we understand all the factors of the environment as well as our business how it responds in the different situation which we come along the process of forming the business. here SW is for its own internal factors whereas OT is for the external factors.
strengths: while making this idea into business we come to know that the process of making an App over this idea is easy . so we firstly prefer to do the groundwork. as our target customer is specific and educated one which knows the usage of App in today's world and can handle all the technology we offer to them, they were able to understand it.. our internal strength is our target customers.
weakness: the internal weakness we face while analysis is the collecting the correct form of people for making videos because of everyone dont like the same type of styles, we have to do lots of groundwork over this. we need the good number of people on groundwork which become difficult for us to handle as a new venture. this problem too can be solved but need a good team while forming this venture.
opportunities: the make chance we get while forming this venture and doing the groundwork, we find many couples totally relay over babysitter or they hire the baby nurse for fulltime for doing this type of work. which make them charge very high over the time and the main affection between the child and parents get lost, which make us give a chance to generate this idea, as many don't touch this area because of the threat they face.
threats: the main competition we come across is babysitter and baby nurse as they were there in the society for the longer period of time so to compete with them is a big task, we initially provide this service for free and when we generate some loyal customers then we provide them some activities with charging some amount.
4. to make a new venture you need money and that money only help to decide that we can continue this venture or not. initially, we have two option to generate money first one is taking the loan from the bank which is the easy and most reliable capital, the second one is the crowdfunding if possible, which again can be done but need time. the cash flow of the starting time in the venture is more so we need to focus on stability than only think of revenue. the establishing cost of App is there, the videos making the process too cost more so we think of taking the loan. include all the cost which is needed and then perform the blueprint over the time which needs to make while forming the venture.
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