Uniport GES 400 Entrepreneurship Project Workbook Answers Guidelines – An entrepreneur is an owner of a business, a manager of a firm, an organizer. He is the one that joins other factors of production to produce a particular product for the satisfaction of human want. Entrepreneurship Project is organized by Universities and other institutions to help students become entrepreneurs and earn money even after graduation. This article will guide you on how to write Entrepreneurial Project Report for yourself or for a group.

Uniport GES 400 Entrepreneurship Project Workbook Answers Guidelines Part I

Entrepreneurship is the act of being an entrepreneur. It refers to the efforts of an individual who takes risks in carrying a successful enterprise. Uniport for instance does GES 400, Entrepreneurship Project to help make students entrepreneurs based on their specialty after graduation.

Uniport GES 400 Entrepreneurship Project Workbook Answers Guidelines Part I

Title: Write the title of the project

Aim: To produce sanitizer

Introduction: This page contains the overview of the entrepreneurship project. Write something about the product and other tips to elaborate it. You can as well add the importance of the product to the society, humanbeings, yourself. Also, how it can be used to satisfy human wants.

Materials/Equipment: This is the page where you list all the materials and equipment you used during the production process accordingly

Methods/Procedures: This page contains information on the the methods you used to produce that product from the first step to the last. Remember to put it in past tense so that it will be as if that is the step you really used to make the product.

Questions and Answers on Entrepreneurship Project Workbook

13. How does the product/service solves a customer’s problem/need?

The hand sanitizer will help to sanitize the hand while the cream will brighten the faces and clear or remove pimples from people’s faces.

14. Does your product/service have a competitive advantage and how?

My product will make major companies to reduce the prices of their products and also make people to understand the importance of the product and more on how it is been used. Competition will bring more seriousness and increase the quality of the product as everyone wants to meet up

15. How will you market your product and services?

I will market my product through advertisement to enable create awareness and display its usage and importance to the world.

16. Design a flyer to introduce/advertise your product and services?

If you need sample of a well designed flyer or you want us to design for you, contact us by commenting below

17. Write a cover letter to introduce your business/product/service to a company.

This is a summary of your business; everything about your business and how it will be beneficial to the world.

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18. Itemize the steps you will use to register your company with the corporate affairs commission.

Registration steps for Business Names with CAC

Check for availability of the Business Name via services.cac.gov.ng

Complete pre-registration form – CAC-BNo1 and upload relevant registration documents(Online using Company Registration Portal)

Pay filing fee Check the Fees for our Services here

Here are some of CAC registration requirement

• The proposed name of the business
• The proposed objectives of the business
• The business memorandum and articles of association
• Statement of the authorized share capital
• Form CAC 1, reservation and availability of name
• The names and addresses of the parties (directors) incorporating the company
• Two recent passport photographs of each director, including valid means of identification
• Statutory declaration of compliance by a legal practitioner
• The name and address of the company secretary
• The address of the business principal office
• Fillings with the Federal Inland Revenue Service (FIRS) for tax purposes
• All other documents or fees that may be required by the commission to satisfy any law or condition

19. With the aid of an organogram, describe your proposed staff profile and their detailed responsibilities.

Organogram is simply the hierarchy of a business organization. For instance;

Managing Director

Board of Directors

Production Unit

Branding and Labeling Unit

Marketing Unit

Sales Unit

Sanitation Unit

Note: Use arrows for this to make it be in ranking order.

20. What are the potential risk(s) of this business and your plans to address them?

The ups and downs of the economy and new market trends pose a risk to my business, and there will be difficulty in making my product popular.

Also, inability to get funds for the business is also a risk.

It can be addressed if there will a room for loan and if my product enters market.