New Venture Creation

In: Business and Management

Submitted By zymelody
Words 2831
Pages 12
New Venture Creation
Individual Assignment

Table of Contents 1.0 Introduction 2 2.0 Business concept statement 2 2.1 Reasons for operating business in Hangzhou, China 2 2.2 Business market analysis 3 2.3 Business Strategy 3 2.4 Concerns or Uncertainty about the Business 4 3.0 Financial Aspects 5 4.0 Conclusion 6 5.0 Reference 7

1.0 Introduction

This essay is going to discuss my thought about creating a new venture in Hangzhou, China. From a personal point of view, a successful business should be well planned for a long period of time, since we are still novel to the complex society. In order to maximise the possibility of turning my business concept into reality, there are a number of elements needed to take into consideration seriously. This essay will mainly focus on stating my business idea, analysing the business market, showing my business concerns, adopting a business strategy, and finding funding for the business operation.

2.0 Business concept statement

My business concept is about teaching children English in a more enjoyable way. This English training will be operated in a playground and the target market is children from 3-6 years old. The business will be located in Hangzhou, China which is a home city of mine. Some more details will be discussed in the following part of the essay.

2.1 Reasons for operating business in Hangzhou, China

In terms of the bigger part of the business operation location, we are going to run our business in Hangzhou, China. Not surprisingly, many people want to run their business in a place they have got the most resources. Mostly, their hometowns should be one of the places. Personally, there are three major reasons to operate the business in this city. 1. Hangzhou is one of the riches cities in mainland China. A lot of people in this city have strong consuming capability. In the…...

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