Bizgenius

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BizGenius

An Online Learning Platform

Feasibility Analysis

Sufyan Baig, Hameed ullah, Emmad Abbasi, Zeeshan Ramzan

INTRODUCTION[pic 25][pic 26]

Today, it's lot easier to start a startup than any other time in our history. There is tremendous interest in entrepreneurship around the world. This statement seems bold but in reality it is backed by facts and figures. The world has now become a global village where everyone is connected through technology, trade barriers have been removed and various opportunities have been opened for the ACTION TAKERS.

Entrepreneurship is more about the actions you take, not the person you are. If you take action, you are ahead of the vast majority of people, who talk about entrepreneurship, but never build anything. Starting your own business is the dream for many. The ability to set your own hours, to determine the type of work you do and earn your income as you wish is a freedom many consider worth pursuing.

Entrepreneurs start business in order to take advantage of an attractive opportunity or because of necessity to earn money. In both cases the thing that is common is having an IDEA about what to start, where to start, how to start, when to start, whether it is profitable or not and cost benefit analysis.

ABOUT THE COURSE OF ENTREPRENEURSHIP – (MGT- 658)

The course of Entrepreneurship is designed to provide a foundational knowledge of entrepreneurship and the creation and launch of new ventures.

We started our course by discussing questions such as: What is an entrepreneur? What is entrepreneurship? What is corporate entrepreneurship? What are Innovation and Creativity in an entrepreneurial context? and what is capital and how does it affect entrepreneurship? These basic concepts will then be leveraged to identify and evaluate entrepreneurial opportunities. The primary objective of the course is to write and present a Business Concept Plan designed to garner resources and launch a business.

OUR THINKING ABOUT ENTREPRENEURSHIP[pic 27][pic 28]

We are truly excited about the Course of entrepreneurship in this semester. A key reason for this is that in many parts of the world, studying and practicing entrepreneurship are very exciting and potentially highly rewarding activities for individuals and the nations in which they launch their ventures and conduct their operations as an entrepreneur. In this sense then, across the world, even during what are challenging economic conditions on a global basis, entrepreneurial ventures are creating and bringing to market new products and services that make our lives easier, enhance our productivity at work and entertain us in new and fascinating ways.

Entrepreneurs are some of the most passionate and inspiring people. This is why successful firms have been launched in a variety of unexpected places such as garages and an array of coffeehouses with wireless hot spots. Indeed, we never know the amount of success the person sitting next to us drinking coffee might achieve after launching an entrepreneurial venture!

As you might anticipate, the passion an entrepreneur has about a business idea, rather than fancy offices or other material things, is typically the number one predictor of a new venture’s success. Conversely, a lack of passion often leads to entrepreneurial failure.

LEARNING OUTCOMES

• An understanding of the key criteria involved in the decision to become an entrepreneur

• Apply sound business and economic principles to successfully launch and effectively manage a new venture.
• Exhibit financial and management skills necessary to succeed in increasingly challenging academic environments of further higher education.
• Develop analytical and critical thinking skills necessary to make sound financial decisions in business and personal arenas.
• An understanding of tools and tactics used to manage and grow an entrepreneurial firm

IDEAS FOR NEW BUSINESS[pic 29][pic 30]

For the Purpose of this activity we as a group came up with 10 different ideas for businesses individually, these ideas are the following;