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Uniport GES 400 Entrepreneurship Project Workbook Answers Guidelines Part I

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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.

Contents

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

How did you develop this business idea?

This business idea is developed to satisfy human wants. The need for people to look good at all time; clean up faces with pimples and also the concern the curtail the spread of coronavirus with the use of alcoholic based sanitizer contributed to the development of this business idea. Moreover, this business idea is developed to help bring the service closer to people living within the geographical area.

Concisely explain how this business idea will be achieved?

This business idea of producing (cream and hand sanitizer) can be achieved if there is good plan. Planning on ways to achieve it; listing the materials needed to produce the set products.

Making of budget and sourcing of capital from family, friends and banks is another thing to be considered for the business to be achieved.

Knowing your competitors and setting out right ways to make your business hit the market.

Also, figuring out ways through which the product will satisfy the set wants and get to people that really needs it.

Are you sure there is market for your product/service and how?

There is market for my product as it is produced to satisfy a particular want. The importance of what I produce speaks for me markets the product. Also, testimonies from people that have also used the product advertises the business in the market.

My products; cream and hand sanitizers serve the purpose of cleaning pimples, removing scars advertise itself in the market when the targeted people are met.

To make the product enter market, I will advise the product via radio, television, newspaper and other publicity agencies and also reduce the price below competitors.

Where do you intend to site your company?

The company will be sited where the targeted population lives and also places where the raw materials could easily be found for easy and faster production process. Also, size and land availability will be considered as the company needs land with enough space.