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Assignment No 1: Areeb Shahid

This document discusses entrepreneurship and provides examples of business ideas for entrepreneurs. It begins with an introduction to entrepreneurship, explaining that entrepreneurs take risks by starting new businesses after identifying customer needs. It then lists reasons why people become entrepreneurs and stresses the importance of having a business plan and creative problem-solving skills. Four potential business ideas are described in more detail: 1) an online coffee shop, 2) an online car product/service business, 3) an online food delivery service, and 4) cleaning services. The document emphasizes the importance of branding and providing free samples or promotions to expand consumer awareness of a business.

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areeb
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0% found this document useful (0 votes)
62 views7 pages

Assignment No 1: Areeb Shahid

This document discusses entrepreneurship and provides examples of business ideas for entrepreneurs. It begins with an introduction to entrepreneurship, explaining that entrepreneurs take risks by starting new businesses after identifying customer needs. It then lists reasons why people become entrepreneurs and stresses the importance of having a business plan and creative problem-solving skills. Four potential business ideas are described in more detail: 1) an online coffee shop, 2) an online car product/service business, 3) an online food delivery service, and 4) cleaning services. The document emphasizes the importance of branding and providing free samples or promotions to expand consumer awareness of a business.

Uploaded by

areeb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 7

UNIVERSITY OF MANAGEMENT AND

TECHNOLOGY

Assignment No 1
Areeb Shahid
ID participant: F2016054059
F2019

Entrepreneurship

Submitted to: Ma’am Ayesha Qayum

Section: A
“Hearing Impaired”
A Study Conducted by:
Muhammad Areeb Shahid

Bachelor business of information system

Batch of 2016-2020

Semester 7th
My Profile
CGPA 2.56

About me
Areeb helps entrepreneurs improve their personal brand online so that he can be more visible
have more influence and advance their business and career.

INTRODUCTION
An entrepreneur is a person who starts his own business by taking calculated risks. It can also
be called as an activity of starting new businesses by identifying and taking risks, Small
business entrepreneurs have many opportunities that they can explore successfully all they
need is a great small business idea. Make sure that you give your time and have some clever
marketing plans in place to get a good start.

Why people become entrepreneurs


 Can’t have a boss
 Easily bored
 Too creative
 Striving for freedom
 Too ambitious
 Nothing to lose

Stick to Your Goal


Having a thorough and accurate business and financial plan will help you attain potential
lenders or investors who are also interested in assisting you and your financial needs for the
start up.

Creative Problem solving:


This is one of the main skills to make correct decisions by creativity solving difficulty barrier.

 Create your personal customer brand and product website


 Invent your successful product/services
 Start you built a successful e-commerce marketplace
 To create a cooking and market food delivery

Select 3 to 4 business idea for entrepreneurs:

Description

Identify customer needs


This is evaluating your business idea as an entrepreneur has to identify the needs. I want of the
customers in the market. It also depends on the way customer thinks to their taste for the
products and services.

ONLINE COFFEE SHOP:


Over the past few years, the coffee industry has seen rapid growth. If you love coffee and make
it a profitable business design coffee shops menu. Money saving Idea

Make coffee, Rs 1000 each. 2000 per year

Making coffee 1 LB of beans Rs 20,000 makes 80 cups filter Rs 65,00/-

ONLINE BUSINESS CAR PRODUC T /


SERVICE:

Entrepreneur has been a uniqueness and add value to the products and services for impressing
the customers to buy products. The products should have the right quality and reliable features
to satisfy all customers. I shall Always be buying a new car: Your cars value will decrease by
20% to 30% by the first year. Instead buy a car that’s coming off 2 to 3-year lease. These are
still new and shiny with low mileage but cost 30% less.

Auto look owners should put your all into to keep the purchasers they have and attract new
ones. Marketing ideas for car Repair retailers to stay Customers returning.

 A Car Advice Blog


 Coupon Advertising
 Customer Referrals
 Customer Loyalty Programs
 Service Reminders

ONLINE HOME FOOD DELIVERY:

Online food ordering is a method of ordering food from a local restaurant or food helpful
complete a web page or app.

• Select your menu

• Fill in your address

• Pay via bank transfer

• Enjoy food delivery

A customer shall search for a favourite restaurant, frequently filtered via type of cooking and
choose from available objects, and choose delivery or pick-up.
Food delivery apps are certainly one of the vital apps that any food lover will have on their cell
phone. You literally wait for your next meal. From healthy meals to happy meals, KFC serves
best and fresh food that will always find ways to show commitment to customers and the food
they deliver.

Ways to my heart:

 Buy me food delivery


 Make me food
 Be good life

CLEANING SERVICES
Unlike foreign countries, people in Pakistan prefer to hire a maid for cleaning their car and
motor AC, homes, office room etc. But then again most of them complain just one thing the
maids don’t listen to the directions. Eventually, there are lots and loads of fights. Pakistan
entrepreneurs can solve this problem by sending maids on an hourly basis and also list them
after a complete background check.

 Residential cleaning
 Quality cleaning
 Car wash cleaning
 Carpet cleaning
 Commercial cleaning
 Remodel cleaning

CONCLUSION
Be sure to have your business name on the product that you will be giving away for free since
it is something that they could possibly use every day that would greatly benefit your business
in terms of marketing and promotion. Handing out free samples or brands / products such as
online coffee, online business car service seller/buy, online food delivery and other items is
a great business practice that each and every aspiring entrepreneur should do. The free products
will expand the knowledge of consumers about your business, encourage them to purchase
your products, provide more attention of your brand, and introducing your products to people
who are unfamiliar with your brand.

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