Question

Subject: Entreprenshp/Sm Bus Mgmt.

Write a 250 word document exciting the reader and to cause them to consider funding your venture. must contain the main "selling points" of the venture.

Answer 1

A venture is a project or activity that is new and involves risk related to its success or failure. The word venture itself means a risky or daring journey hence now one can understand the depth of venture activity. A business venture is said to be startups or new enterprise created.Anything accounts for business venture no matter what starting from big corporate organization to a small road side lemonade stand.Hence one can say business venture is a start-up entity developed with the intent of profiting financially.

Here Today I will talk about a venture that is into Manufacturing of Electric Rickshaw alse Know as E-Rickshaw.This is a time when the E-Vehicle business is on high.The govenrment is also taking initiavtive to boost E-Rickshaw and many big conglomerates like Mahindra has ventured into this sector.This three wheeler vehicle segment is growing and with the prosposed ban on sale of new petrol and diesel vehicles have given boost to this sector.This is going to be the need of the future and investing currently on such product means one is running as per the market and environemnt demand which implies this risk is worth taking.This battery operated Rickshwa is replacing cycyle rickshaw very fastly and the sales is growing.In order to capure market one need to have presence spread over the geographical area.The sale of E-Rickshaw has increased upto 25% in country India and as per the data from the vahan.com sale rose to 55% this february prompting a number of players to jump into this sector.Hence the venture is not only profitable but also has high rising demand along with less risk of failure and most importantly the government is also supoorting country manufactured vehicles currently hence it is a big opportunity to encash now as number of players are less hence it will be easy to expand into the market and create a customer base.The venture will not only be in retaile sales but also in dealership and parts manufacturing.But the need of the time is capital to diversify it geographically as to reap the benefits of first come first serve.