Eng’s Popcorn / Nur Anis Zulaikha Mohd Juhari
A business opportunity is a consumer need or want that can potentially be met by a new business. Opportunity is defined as a situation that enables an entrepreneur to offer marketable products or services to interested buyers or endusers. Sources of opportunities include problems, changes, new disc...
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Main Author: | |
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Format: | Entrepreneurship Project |
Language: | English |
Published: |
2021
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Subjects: | |
Online Access: | https://ir.uitm.edu.my/id/eprint/57025/1/57025.pdf https://ir.uitm.edu.my/id/eprint/57025/ |
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Summary: | A business opportunity is a consumer need or want that can potentially be met by a new business. Opportunity is defined as a situation that enables an
entrepreneur to offer marketable products or services to interested buyers or endusers. Sources of opportunities include problems, changes, new discoveries, existing products, challenges and unique knowledge.
At first, I briefly explained the project description in my business opportunity that consists of what product do I sell as a drop-ship which is Eng’s Popcorn that is a snack food product. Second, I explained why I justify selecting this product because Eng’s Popcorn is a famous snack food product and many people like to buy it. Thirdly,
I identify my customers such as my friend, family and neighborhood. Fourthly, I tell the date of the first date I started this business. Fifthly, I explained where I run my business which is I use an online platform as a place to run my business also in the project description I describe how I sell my product to customers, tools I use for promotion and so on. Next, followed by project outcome which is I describes how many my product that has been sold, how much the total sales, how many customers do I get and how much money I make is it profit or loss also I showed the simple calculation of the cash flow. Then, in experiential learning, I share the experience that I gained during running this business which is Eng’s popcorn.
At the end of this business opportunity, I learned how to business in the real world. Every entrepreneur does not start with pleasure and big capital, but mostly starts with small business. This proves the importance of the applying and practicing the traits and characteristics that every entrepreneur should have, whether old or new. It is very important to ensure the success of a business run by every entrepreneur in the country. |
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