Question

In: Operations Management

What Business Could You Start in Miami? 3 Reasons DIRECTIONS: In this presentation, you will suggest...

What Business Could You Start in Miami?

3 Reasons

DIRECTIONS:

In this presentation, you will suggest a business idea and discuss 3 reasons why the audience should invest in your new business. You are going to open a business in Miami. It can be any kind of business. Your presentation must focus on persuading your audience your investors why they should invest their money in your new business.

Solutions

Expert Solution

answer-

My business idea is sell security lock and survelliance system which would run on solar energy as well as normal electric energy.In this business, we would sell Home and business security system which would help house owners as well as business owners to keep their properties safe and sound. We would offer renewable energy source charged CCTV cameras, Biometric secuity systems which uses voice and fingerprint systems. We also offer auto signal to police if any breach in security happens.

The reasons that why investors should invest in my business idea are-

Miami is the city which ranks on top list of richest city in the world. Miami has a Gross Metropolitan Product of $257 billion, ranking 11th in the United States and 20th worldwide in GMP So There are people who have high purchasing power and owner of several estate properties who will want to protect their properties from thefts and other crimes.

Miami serves as the headquarters of Latin American operations for more than 1400 multinational corporations, including AIG, American Airlines, Cisco Systems, Disney, ExxonMobil, FedEx, Kraft Foods, LEO Pharma Americas, Microsoft, Yahoo!, Oracle, Sony, Symantec, Visa, and Walmart. This is the second reason because these companies are MNCs which have huge financial resources. They will pay in millions of dollars to protect their resources and properties from inside and outside threats.

third Reason is that Miami is considered to be the top rank city in terms of crimes like theft, street violence, murder etc. so Our security products and services will make life of people more safer and secure than current.these products will also help Government agencies to reduce crime rate when people have survillence and security in their houses and businesses.


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