business ideas (1)

8/12/2019 Business Ideas (1)

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ENTREPRENEURSHIP

BUSINESS IDEAS

Pallavi Kaushik

Sem-III, MFM


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CONTENTS

Business Ideas ........................... Error! Bookmark not defined.

1. STARTING A ORGANIZED SHOE REPAIRING RETAIL CHAIN......Error!

Bookmark not defined.

2. OFFERING SERVICE FOR VARIOUS ELECTRONIC AND ELECTRICAL

EQUIPMENTS .............................. Error! Bookmark not defined.

3. HIGH TECH SECURITY SYSTEM OR BIOMETRICS........................... 2

4. ORGANIC FOOD BUSINESS....................................................... 3

Ranking Matrix of Ideas .......................................................... 4


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BUSINESS IDEAS

1) STARTING A ORGANIZED SHOE REPAIRING RETAIL CHAIN

This is something we can go for, as there are no dedicated shops which repair branded

shoes like Reebok, Adidas, Puma, Nike etc. along with providing a little customized

features to the footwear.

2) OFFERING SERVICE FOR VARIOUS ELECTRONIC AND ELECTRICAL

EQUIPMENTS

This is a good idea as normally services provided by manufacturers are very costly which

people cannot afford and there is a tendency among the consumers to avoid until the

equipment completely breaks down.

SALIENT FEATURES

We can design a website for booking and also allow tele-booking. The target market is huge and we can provide service at much lower costs. Diploma holders can b hired as serviceman with low salaries hence low cost of

service.

Financial feasibility is also there as set up and operational costs are not that high.

3) HIGH TECH SECURITY SYSTEM OR BIOMETRICS

A homeowner or a businessman with lots of high tech devices inside his home or office

would want to protect them. A simple door lock would not do. What one needs is high

tech security system that will limit the access of your facilities to those he has granted


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access. Retina scan, finger print identification and other biometric identification are the

ways to do it.

SALIENT FEATURES:

We offer training through several delivery methods - live & virtual conferences,mentors, online, and onsite.

Our computer security courses are developed by industry leaders in numerousfields including network security, forensics, audit, security leadership, and

application security.

Courses are taught byreal-world practitioners who are the best at ensuring younot only learn the material, but that you can apply it immediately when you

return to the office.

4) ORGANIC FOOD BUSINESS

One must have heard about genetically modified organism or the GMO. One surely

would have heard about the possible effects it may do to the body. And with this

concern, there is an exponential increase of the number of people who are becoming

more and more careful to the type food they eat.

The organic-food business is booming: About 70 percent of Americans buy organic food

occasionally and nearly one quarter buy it every week, according to the Hartman Group,

a market research firm. For most of us, the reason is simple: We want natural food

that's better for us and for the environment

Since organic foods are 100% safe and clean, the market for this is growing at a fast rate.

Organic foods may have higher nutritional value than conventional food, according to

some research. The reason: In the absence of pesticides and fertilizers, plants boost
http://www.sans.org/security-training/instructors.phphttp://www.sans.org/security-training/instructors.php


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their production of the phytochemicals (vitamins and antioxidants) that strengthen their

resistance to bugs and weeds.

Ranking Matrix of Ideas

Idea Attractive Timely Durable Value to

customer

Total

SHOE REPAIRING RETAIL

CHAIN

5 4 4 5 18

SERVICE FOR ELECTRIC

& ELECTRONIC

EQUIPMENTS

3 3 4 4 14

HIGH TECH SECURITYSYSTEMS/ BIOMETRICS 4 4 3 4 15

ORGANIC FOOD

BUSINESS

3 4 3 3 13

As per ranking given to the Ideas, Shoe repairing retail chainis the most feasible

idea.

ATTRACTIVENESS

Another reason to have a shoe repair and shoe care routine is your appearance. Do you

want to get ahead in the workplace? A nationwide survey showed that 89 percent of

business recruiters rate good grooming as very important to becoming a senior

executive. The most common mistake for men, and the second most common for

women, is unkempt shoes. On a personal level, two out of three young female

professionals say unkempt shoes suggest negative characteristics about men in social

situations. Half of the men feel the same about women with sloppy footwear. The most

frequent negative character traits suggested were sloppiness, indifference to good

grooming and to detail in general, and carelessness.

Shoes are a reflection of their owner's personality. That's what both personnel

professionals -- who have been known to observe people closely -- and white collar

workers (the people they usually observe) said. Well kept shoes stand for

professionalism, attention to detail, ambition, efficiency, conscientiousness,

organization, confidence and even friendliness.


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Given the above facts this idea is attractive enough to start a business with.

DURABILITY:

The idea of starting an organized shoe repairing retail chain is durable in the sense that

certain new features can be added like:

In addition to replacing soles and heels, here are some other footwear-related services

you can find at your local shoe repair shop.

Shoes can be stretched for increased comfort. Shoes can be adapted to fit unique feet. Heel tips can be changed from hard to non-skid rubber. Heel savers can be applied to prolong the life of the heel. Protective soles can be applied to prolong the life of the leather soles.

New Shoes

One can also visit the shoe repair shop with new shoes. Here are a few ways shoe

repairers add value to new footwear.

Protective soles can be applied to extend sole life and increase slip resistance. Shoes can be dyed if a color change is necessary. Shoes that are too tight can be stretched up to a quarter size. Plastic heels can be replaced with slip-resistant rubber. Shoes can be weatherproofed for added protection in wet or oily environments.

More than shoes

The shoe repairers' expertise isn't limited to your feet. They can also:

Replace Zippers Shorten belts Repair luggage Re-lace baseball gloves Stitch handbags


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Repair jacket tears Refinish leather coats Replace buckles

TIMELY

Since the target segment is more self-conscious and fashion forward so it is an

appropriate time to come up with a retail store providing such a service when there is

no big commercial competitor. Also the customers would get the facility of customizing

their shoes according to their favourite colors, attributes and other related repairs.

VALUE FOR CUSTOMERS

Footwear isn't just part of the wardrobe, it is an investment. Spend your money wisely

and the return will be more value for your dollar, more comfort, better foot health and

even a sense that you are helping the environment. As with all investing, it is wise to

have a counselor to make sure your money is well spent and continues to pay dividends.

In the footwear arena, that counselor is your local shoe care professional.

Shoe repair and shoe care make sense for several reasons. First, shoe repair adds value

to your footwear investment.

Quality, well-maintained men's shoes can be resold seven to 10 times at a fraction of

the cost of new shoes. With new soles and heels, and reconditioned uppers, the shoes

will look like new, yet retain that broken-in, comfortable feel. It is not uncommon for a

man to get 30 years out of a good pair of shoes. Quality women's shoes can be resold

three to five times.

Shoe repair can also alleviate a variety of physical problems. Worn heels will change

your gait. When you are not walking properly, your feet, ankles, knees, hips and back

can all suffer.

Improper fit causes calluses, corns and bunions. Shoe repair shops offer stretching

services and fitting aids to alleviate those problems.

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