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Q. Starting a new business?
Starting a new business is always tough. We have generated versatile ideas on variety of this product, looked towards the feasibility of our ideas, considered every aspect towards finance gathering, made a plan to arrange office equipment, thought about every aspect to start a new business.
Finally we decided to make a product for blind people. We have decided to introduce shoes having different features for blinds. We have planned to enter with a new company, with new brand name in the market. All this we will do by applying organization strategies, by checking customers demand .
This project is a door of opportunity to the realization of our dream of being entrepreneurs. A dedicated and committed effort towards this project has certainly helped us to materialize this business plan in future.
By making this project, we all have learned that to build a successful organization in a competitive environment is tolerance, shared goals and commitment. To create new products requires a supportive environment, mind-set and investment.
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Question 1: Before beginning new ventures entrepreneurs need to acquire essential information. Discuss (a) the major information collection methods, and, (b) crucial infor
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