Personal Business Plan The entrepreneurial process is at its core concerned with

Question

Personal Business Plan The entrepreneurial process is at its core concerned with "the pursuit of opportunity without regard to the resources already under control."This process is as applicable to your career as it is to starting a company. The goal of this assignment is to identify where you want to be and how you will get there. Do not worry about your current resources. Think entrepreneurially! Your personal business plan should include a long-term vision statement, the "external" opportunities that exist, your "internal" (personal) strengths, and a strategy for yourself and your life over the next three to five years. In addition, please share at least one "failure" from your past and what you learned from it in terms of maximizing your potential for the future. The assignment should consist of 500-1000 words in bullet points or prose that summarizes as many of the areas below as possible, as well as the one "failure"

Explanation / Answer

A business plan of Pet shop which consists of products related to Pets, buying or selling of pets and also the service related to it. A plan of an entrepreneur to invest a minimum of Rs.25,00,000 through a combination of personal savings and loans and is seeking additional funding to protect the component and design ideas and to bring the products and services to market.

The Place which is more frequently visited or highly engaged by people for a long time is mall or hyper market. The people who visit frequently the mall or hyper market are of upper class and middle class, also most of them would possess at least one pet. So, the apt Place to start kind of business is an Individual shop which is very closer to the market / mall .This market is the place which is to easy to access by most of the people. Also, the number of pet shop or pet care available in Market are less in number that provides a big opportunity to start up a pet shop business. As we know the importance or priorities of pet in each of our life. The high preference provided by the customers towards their pets is the very important key factor of this business.

OBJECTIVES

The strategic objective of the company is to become the preferred choice for providing high-quality pet care for the Pets World

MISSION

To be the leaders in the market of Pet care for the upscale community by providing a positive environment for the animals Pets World provide service. This operations will install in owners confidence in our ability to care for their pets in appropriate ways. Also, control significant market share and increase profit as we grow and expand.

KEYS TO SUCCESS

STRENGTH

OPPORTUNITIES

FAILURE PLAN

Same Plan was once a failure Plan due to lack of knowledge about the exact market analysis and its findings. The choice of Place inside the Mall fails to attract the customers who were in need of pet service. (People were not often visit the mall along with their pets is the main drawback). A place nearby the Mall can attract each and every individual who visit the market, Where inside the mall the chances are less. Service are covered in diversified area is also one of the reasons for failure. Now, The services will be mainly offered for Dogs, Cats, Birds and Fish. Service or products will be offered for other species will be based on the request and extended time.

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