Summative Project
Who are my customers and what do they want?
My business would have a variety of customers. The majority of them would be young adults who are just starting off. What they want is for us to help them plan their wedding, party, birthday or what ever else they are celebrating. Younger couples, who want us to plan their wedding or a party, don’t have time to plan out the whole evening. We would take their responsibilities and do all the dirty work for them so they can be at ease.
How can I give them what they want?
Although we do all the set up and planning, it is all run by them before being put into action. They contribute their ideas and tell us what they do and don’t want. We listen to how they want their event to go and we add details and make sure that everything goes smoothly and how our client wants them to. We make sure that we incorporate everything they ask for so they can have the experience they want.
What are current trends?
What most people want these days is a way to have fun but not have to do any setting up and taking down. We are simply here to do this for them. We setup their event for them and then take it down after so they can focus on having a good time.
Why do a monthly cash flow analysis?
Doing a monthly cash flow analysis is extremely important. This basically defines if your business is successful or not. If you are gaining money, then your business is very successful. It is unlikely you will have problems with repairs or money because you have extra money to sustain your supplies. If your cash flow is going down, then you are losing money. This means you will eventually run out of money and will be forced to shut down your business. Without this analysis you don’t know if your business is good or if it needs to be improved.
How do I know if I am ready to start a business?
If the business goes down and you are not willing to go down with it, then you aren’t ready to start it. You have to be completely committed and you can’t give up without a fight. You have to be able to track your costs and know how to effectively spend money. Finally make sure you know how you want to run your business and what kind of people you want to hire.
Why is competition Important?
Without competition, there is nothing pushing us to be our best. If there was no competition we wouldn’t have to worry about improving or updating our guarantees because we would never lose any customers. With no one comparing you to anyone, there is no reason to improve so your company would never grow. Competition is the only way you can reach your full potential.
How can I market my business?
To market my business I will have to advertise. Commercials, billboards and business cards are good ways to do this. They will show all the positives of my business and why people should choose us over our competition. I will make a logo and a quote so people remember us and maybe come to us in the future.
Why is my business different from other businesses?
I think my business is different from other businesses because mine is more personal. We get someone to communicate with our clients to make sure we do what they want and they are satisfied with our work. We use our clients opinions so they get what they want and not what we think they want.
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Before
After
What to and NOT to do at an interview
_
1. Get a goodnight sleep so you are
awake and at your best
2. Have a shower and be sure to wear deodorant
3. Where something formal that makes you look sophisticated
4. Do NOT wear bright colourful clothes or you will look immature
5. Brush your teeth well
6. Practice answering questions but do NOT have rehearsed answers
7. Arrive five minutes early to give a good impression
8. Introduce yourself
9. If you are nervous do NOT let it show
10. Do NOT chew gum to avoid spitting everywhere
11. Do NOT wear jewellery if you will fiddle with it
12. Make sure to present yourself as confident and intelligent
13. Speak highly about yourself without sounding conceited
14. Do NOT talk about any weaknesses that you have but instead talk about your good qualities
15. Do NOT use words such as “like” and “um”
16. Make eye contact and sound interested in the conversation
17. Be polite and do NOT interrupt the interviewer while they are speaking
18. Sit up straight and have good posture
19. Try to use big words but make sure you know what they mean
20. When the interview is over, thank the person and shake their hand
2. Have a shower and be sure to wear deodorant
3. Where something formal that makes you look sophisticated
4. Do NOT wear bright colourful clothes or you will look immature
5. Brush your teeth well
6. Practice answering questions but do NOT have rehearsed answers
7. Arrive five minutes early to give a good impression
8. Introduce yourself
9. If you are nervous do NOT let it show
10. Do NOT chew gum to avoid spitting everywhere
11. Do NOT wear jewellery if you will fiddle with it
12. Make sure to present yourself as confident and intelligent
13. Speak highly about yourself without sounding conceited
14. Do NOT talk about any weaknesses that you have but instead talk about your good qualities
15. Do NOT use words such as “like” and “um”
16. Make eye contact and sound interested in the conversation
17. Be polite and do NOT interrupt the interviewer while they are speaking
18. Sit up straight and have good posture
19. Try to use big words but make sure you know what they mean
20. When the interview is over, thank the person and shake their hand