Question

In: Economics

select a small business in your community that has been started by an entrepreneur. (Note: you...

select a small business in your community that has been started by an entrepreneur. (Note: you may even select a small family business). Provide a summary of the key features of this business. Are there any obstacles to growth? What is the entrepreneur doing to ensure profitability and address risk? Explain fully and comment on classmates' responses.

PLEASE ADDRESS THIS DISCUSSION IN LIGHT OF THE IMPACT OF CORONAVIRUS ON SMALL BUSINESS.

Solutions

Expert Solution

Mobile Car Wash Unit

My friend started a moving car wash unit. The uniqueness of this car wash unit is that goes to the customers place and wash the car. This moving car unit has all the features that a car wash unit in a building should have. The another unique feature of this wash unit is that is also provides car wash at a relatively low cost.

This car wash unit even has its own application as digital marketing. Customers can type by marking the time, place and date they need to wash through this app.

Another feature is that they wash the underside of the car very cleanly. The business is moving forward, over coming even the covid 19 crisis. They also have a 24 hour customer care unit. In addition, they provide all kinds of assistance for other to start their unit.

They have earing more than Rs 1 lakh a month through the unit. Their unit provide all kinds of training for others to start a mobile car wash unit. Initially the unit operated only locally and now the unit has expanded its operation to more areas.

They also use social media for business development. They collecting feedback from customers and adding it to the app can attract more customers to them.


Related Solutions

select a small business in your community that has been started by an entrepreneur. (Note: you...
select a small business in your community that has been started by an entrepreneur. (Note: you may even select a small family business). Provide a summary of the key features of this business. Are there any obstacles to growth? What is the entrepreneur doing to ensure profitability and address risk? Explain fully and comment on classmates' responses. PLEASE ADDRESS THIS IN LIGHT OF THE IMPACT OF CORONAVIRUS ON SMALL BUSINESS.
select a small business in your community that has been started by an entrepreneur. (Note: you...
select a small business in your community that has been started by an entrepreneur. (Note: you may even select a small family business). Provide a summary of the key features of this business. Are there any obstacles to growth? What is the entrepreneur doing to ensure profitability and address risk? Explain fully and comment on classmates' responses. PLEASE ADDRESS THIS IN LIGHT OF THE IMPACT OF CORONAVIRUS ON SMALL BUSINESS
You are an entrepreneur and just started a new business in the restaurant industry. The business...
You are an entrepreneur and just started a new business in the restaurant industry. The business must be hypothetical (made-up) for this assignment. Please propose a plan for protecting your hypothetical intellectual property (IP). Your plan should consist of the following information. Please keep in mind that you may find that some categories are more applicable than others. This is perfectly acceptable as long as you analyze each category.  Trademark Protection : Start by demonstrating your understanding of what...
Project yourself as an entrepreneur of a small scale business in your country: Business Plan format...
Project yourself as an entrepreneur of a small scale business in your country: Business Plan format required. A title page, (a) General Business Description • Mission Statements • Company goals and objectives (b) Business Philosophy • Target Customer • Industry Description: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it? • Company strengths and core competencies: What factors will make the company succeed?...
write a paper about an entrepreneur you admire. Select one entrepreneur in your country, region or...
write a paper about an entrepreneur you admire. Select one entrepreneur in your country, region or the world that you admire. Then write a biographical essay on the person using the requirements outlined below.Word limit: 1500-2500 words. Your essay should contain: 2.   Introduction. This will provide the reader with basic background information on why this entrepreneur was chosen. 3.   Body of the essay. This should include the following information: •   Business and industry of your selected entrepreneur (innovation, market share,...
Your mortgage loan has been approved and started on a Tuesday, and you were told your...
Your mortgage loan has been approved and started on a Tuesday, and you were told your first payment is due in 90 calendar days. What is the day of week of your first payment day? Write down your calculation process, the arithmetic expression you use, as well as your answer. No java coding is needed. If you only provide the answer without the other details to explain the process, you will not receive credit on this question.
Suppose that you are an entrepreneur who has started a new chain of consumer electronics stores....
Suppose that you are an entrepreneur who has started a new chain of consumer electronics stores. Your competitive edge is to offer excellent customer service. What would you do to empower your employees to help achieve this goal? Write a 1 to 2 page paper on this subject and cite your resources
You are an entrepreneur developing your first business plan for a business selling over the internet....
You are an entrepreneur developing your first business plan for a business selling over the internet. Right now you are working on the financial plan segment of your business plan and need to estimate the financing needs, both to launch your business and to operate it for the first 12 months during which you estimate you will incur a loss. You intend to apply for a bank loan to cover your first year’s financing needs. You have worked with an...
You are about to set up a small business in the community service sector.
You are about to set up a small business in the community service sector. Consider the organisation's objectives and write a 3 page paper outlining the professional and ethical standards to which your organisation would adhere. Use your imagination to fill any caps.What external influences and data would inform the expectations you might have of your employees?Explain how you ensure that the employees working in the organisation continuously upgrade their skills and how would determine the developmental needs of your...
Pretend you are going to be an entrepreneur and you want to start your own business.  You...
Pretend you are going to be an entrepreneur and you want to start your own business.  You have a great idea, you are ready and willing to work. You just need--money. You will need $500,000 to start your business.  But you do not have that much money. You only have $50,000 available from your life savings. What avenue or avenues would you pursue to gain the money you need to get your business started? Explain what would work best for you, and...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT