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Idea Analysis Week 8: Rug Addict

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Breakdown Description Company Name Rug Addict Why We Like It We love the product, but frankly its the personal touch that has us bowled over.Customer is really King(well at least Royalty) for the guys Rug Addict. The packaging of the rug mouse pad is innovative and very personalized. Makes it very exciting to receive and open it. Customers are addressed ...

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Sci0033:Right Exit at the Right Time

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Typically, the exit strategy is not covered as a section by itself in the business plan. It may be subsumed within the financial section. However, the exit strategy is important especially to investors who are concerned with the amount of potential returns and when these returns can be withdrawn from the company. These are the two key aspects which need ...

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Art0039: Passion or Pressure?

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  Ask any entrepreneur about his journey and you will realize that it is never any easy one. The life of an entrepreneur may be fraught with challenges and uncertainties, which are expected of start-ups that are trying to establish themselves and grow. This may be exacerbated if the entrepreneur lacks the passion to sustain his efforts in starting up. ...

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Sci0033: Risky business-What You Need to Consider?

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Now that you know the importance of risk factors and contingency planning as covered in Sci0032, here are some of the important risks you should include in your business plan: Market Risk-This includes uncontrollable factors that can influence the market and the ability of the business to respond to the market. Such volatility in the market through changing value of ...

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Art0038: Why is Passion such a Buzzword?

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While passion is widely recognized as the key to success in every field and career, the role of passion in entrepreneurship is amplified. Passion provides motivation and the impetus to move forward which is crucial in entrepreneurship where individuals are self-starters. Without passion, entrepreneurs cannot be successful in making significant contributions to society. Even if there is initial success, they ...

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Idea Analysis Week 7: Bhumiputra

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Breakdown Description Company Name Bhumiputra Website http://www.bhumi-putra.com Problem Sustainable development has been the talk of the town. Yet many are unsure how to go about achieving this. Construction may be resource and capital intensive, making modernization and urbanization a privilege that only the developed societies are entitled to. Poorer countries are falling through the cracks due to their lack of ...

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Sci0032: Risk Factors and Contingency Plans-Tackling Unforeseen Obstacles

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This week we will take a look at how the intrinsic risk factors can make things exceedingly hard for an entrepreneur to handle. In addition, we will determine why contingency plans are so crucial to success and how they come to an entrepreneur’s rescue. Let’s get started. Entrepreneurs are often called gamblers and this is somewhat true. They are risk-seeking ...

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Idea Analysis Week 6: Go Cycle

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Breakdown Description Company Name Karbon Kinetics Ltd Website http://www.gocycle.com Problem Cycling, while enjoyable and relaxing, may actually become a hassle for people who rely on it as one of the main means of transportation.Traditional bikes are increasingly being frowned upon because they are bulky and not portable which limits the mobility of people.Furthermore, the cost of public transport may be ...

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Idea Analysis Week 5: SmartDeco

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Breakdown Description Company Name SmartDeco Website http://www.smartdecofurniture.com/ Problem Many University students face the issue of moving around from house to house during their college years. It can be pretty tedious and expensive if you have to lug so much furniture(especially heavy furniture) around from place to place. This is especially problematic during those summer holidays when you would like to ...

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