Question

Assignment One: Description of Your Individual Entrepreneurial Project

Please describe your own individual project which may be unique or you had been thinking about since it has invented or innovative ideas.

Need to include description of the product, service, or idea you intend to do. The competitive advantage of your output and what make you think it is sustainable? The estimated cost of your project and some financial expectations. You may include any other details that you think it is appropriate and help in clarifying your ideas and expectations.

Answer 1

Answer :

Necessity is the mother of creativity. Innovation always catches up, solving a problem. A few cool goods speak the language of love of imagination and innovation. My innovative product idea is-Portable robotic mobile printer. When you have a portable printer in your hands, no more search for a printing station. Yeah! Printing is now fast and easy with the advanced technology. This mobile printer is easy and fun to use, which can be taken anywhere and printed from any device (laptop, tablet, smartphone) to any size page. This portable grayscale printer will come with a rechargeable battery that lasts on a full three-hour charge and on/off switches for 1 hour.

The global market for portable printers was priced at $844.19 million in 2016 and is expected to hit $1,643.40 million by 2023, rising from 2017 to 2023 to a CAGR of 10.2 per cent. Our product competition, advanced technologies and almost negligible direct competitor provide us with a big market to penetrate in our product segment. Although we have lots of indirect competitors, our product USP will create niche and penetrate its target audience. printer functions will be operated by sliding a hatch at the bottom of the printer exposing the inkjet that lasts for more than 1,000 printed pages. We are expecting to hit our break-even point for this business in the next 2 years and start rolling benefits and profits to our stakeholders. The printer is based on an Omni-wheel system that allows it to flip and drive in every direction with precision. It will be launched in two-colour polycarbonate printer, black and gold, supports IOS, Linux, and Windows. Because of the equipment cost and economies of scale, the cost of the product will be around $40, I will manufacture at least 10,000 pieces for the launch.it will reduce the cost of the supplier and the cost of the components to build the final product. If you submit to print more than one sheet, the printer will stop at the bottom of the first sheet and wait until you match it with the top of the next page. Then just tap on the screen to go to print. It can print any material off the mobile right away with today's mobile-connected world.