Creating Your Own Start-up Business Assignment Example | Topics and Well Written Essays - 1000 words

Creating Your Own Start-up Business - Assignment ExampleIn the precise beginning the occupancy would be limited to importing homemade ups namely bed covers, curtains, pillow covers, quilts, towels and the like. The trade for such goods in the linked States is not only large precisely rather diverse because consumers from all buying strata are present in the market. Moreover the markets large size nitty-gritty that imported textile products have a low chance of getting stuck up in warehouses because at that place are not enough right kinds of buyers (Arthur and Sheffrin). Another advantage in rootageing such a contrast could be local contacts in the South eastmost Asian region who could supervise the manufacturing and cede efforts. 2. Business Structure Preferably the military control would have a centralized buying office in the united States close to a major port which would protagonist in dealing with incoming supplies and customs clearance for imported goods. Mor eover the business would possess overseas buying offices in the South East Asian region typically located in India, Bangladesh, Sri Lanka and Pakistan (Haider). Given the restriction of funds initially the business would have only one overseas office in India to supervise the manufacturing and bring efforts. Within the United States the business would have a CEO supervising local distribution along with a small-scale staffing. The overseas offices would have no more than two employees to oversee the entire manufacturing to chequer quality and to accounting delays in a timely fashion. 3. Relevance of Skill Set and Background Being a business major background would help me to focus on business areas that matter most for example I would prefer to spend money initially on surveys and questionnaires to determine market demand rather than importing blindly. Also my credentials with finance would allow me to keep a close watch over the calculate to see if the business might overrun it s estimated targets. Such an effort is all the more critical initially because squandering money in the beginning would be easy and would leave the business high and dry. besides my background in business studies would allow me to market my products more effectively as I would attack to hit target market segments only instead of trying to subdue the entire market. Another major advantage that would allow me to develop this business more effectively is a contact in India who is already involved in shipping textile goods to the United States. My contact in India would be able to help me with his expertise in supervising manufacturing one on one and would also be able to ensure quality at the very first step in the supply chain. 4. Offered Services As mentioned in the lead the business would initially offer homemade up textiles only but later as the business expands it will include garments and apparel as well. For the initial homemade ups market the business would provide a large v ariety of designs and styles that have been manufactured and packaged outside the United States. When the goods have been imported to the United States they will be distributed throughout the nation by the business using a complete supply chain mechanism that ensures adequate stock levels at all times. Overall the business would be whirl a comprehensive supply chain mechanism for textile goods (Joshi). 5. Target Markets In order to start the business the market segments that would be most desirable to deal with are the lower and middle spend tier segments. Though there is rampant competition in either market segment but the