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business development

Extracts from this document...

Introduction

Here are my strengths and weaknesses including my: * Educational background * Financial strengths * Commitment * Personal qualities * Prior experience * External contacts, resources etc STRENGTHS WEAKNESSES Knowledge of finance Lack of own funds Studying business A levels I am not up to date with business related issues Work experience in the Turkish Bank and Accountants Spending my own time for family businesses Funds from family Organisational skills I'm healthy I do not have enough experience of working by myself I have worked in an off-licence Not enough external contacts for setting up and running the business I am energetic Well motivated Hard working Punctual I have accounting skills such as: keeping the financial data of businesses I also have banking skills such as: opening different types of accounts, writing cheques for businesses etc. Brainstorm of potential Business ideas Research 1. hand made jewellery: PURPLE DRAGON ACCESSORIES Here are the hand made bracelets that they have made: When you click on a image the details come up: Contact information: 2. ...read more.

Middle

Personal fit 7 Degree of risk 7 Funding needed 7 Ease of start-up 5 Short-term potential 6 Level of preparation 6 Competitive threats 5 total 43 FACTORS: Lessons for Special Needs Students SCORE (0-10) Personal fit 9 Degree of risk 8 Funding needed 9 Ease of start-up 8 Short-term potential 7 Level of preparation 7 Competitive threats 3 total 52 FACTORS: Sandwich Bar SCORE (0-10) Personal fit 9 Degree of risk 7 Funding needed 6 Ease of start-up 6 Short-term potential 6 Level of preparation 5 Competitive threats 4 total 44 FACTORS: Customising Cars SCORE (0-10) Personal fit 7 Degree of risk 7 Funding needed 6 Ease of start-up 5 Short-term potential 5 Level of preparation 5 Competitive threats 4 total 39 FACTORS: Bakery SCORE (0-10) Personal fit 8 Degree of risk 7 Funding needed 4 Ease of start-up 6 Short-term potential 8 Level of preparation 5 Competitive threats 3 total 41 FACTORS: Phone Accessories SCORE (0-10) Personal fit 9 Degree of risk 8 Funding needed 6 Ease of start-up 5 Short-term potential 6 Level of preparation 5 Competitive threats 7 total 46 FACTORS: Hand Made Jewellery SCORE (0-10) ...read more.

Conclusion

* Hard work Cons * Takes up time to make the jewellery * I need external contacts to order my jewellery components * Lack of my own funds * Organisational skills Flower Stool Pros * Easy to start up * Cheap * Customers are always available * No skills needed * Need to be energetic Cons * To many already * Need organising * Highly competitive Customising Phones Pros * Need experience on designing * Funds from family * Communications skills Cons * Organisational skills * External contacts * Lack of own fund * Hard work SWOT Analyses of the 3 ideas Handmade jewellery STRENGTHS WEAKNESSES The strengths for this business idea is that i am experienced on how to do handmade jewelery as i have worked in this business before. OPPORTUNITIES THREATS Hand Made Bracelets The reason for me to choose hand made jewelleries as my first choice is because I have experienced it before and I believe that I can make high-quality designs. Also because i enjoj making my own designs and spending time on making jewellery. ?? ?? ?? ?? Unit 8: BUSINESS DEVELOPMENT GOKCE DAYAN 1 ...read more.

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