Addis Ababa Science and

Technology University
College of Natural and Social
Sciences
Department of Business
Course title: Entrepreneurship
Course code: (Entr1012)
NAME: Alazar Tafese
ID NO: ETS 0102/13
SECTION: B2
DEPARTMENT: Freshman Enginering
 Submission Date: March 12/2021
Submitted to DR. AFWORK. G

Addis Ababa Science and Technology University

College of Natural and Social Sciences
Department of Business Management
Individual Assignment
Total Weight (25%)

Course Title: Entrepreneurship

Course Code: 1013
Instructors: to DR Afwork.g
Submission: mon,Aug 30/2021

Part I: Address the following activities based on the instructions

Activity 1: The right mix of entrepreneurial competence and environment is
essential to entrepreneurial success. Read your entrepreneurship module from
page 7 to 12 and address the following activities.

1) Think about your life so far, and list the five major achievements in personal life

(2.5 points)
1. At school level i did well in school,and I finished,the expectionns in what am doing
and have received commendation and award for it
2. At school level I was football player and we won final against all the 20 schools
3. I was able to pass the national and entrance exam with good result
4. B/c that I have gained more knowledge,comfidence I have become stronger and was
able to help my younger brother&sister,junior student as well my community.
5. Opportunitituties studying a special university here in Addis Ababa science and
technology.

2) Think about your strengths in running your personal life. Write four of them
which you are most proud of? (2 points)
 1. I comminucate well with people I made people smile
2. I faced many problem,I matured so in every situation I am able resilient.no matter
what life throws&no matter how difficult things I have capacity cope with it
3. The ability to solve problems quickly and efficiently.
4. Giving a great presentation at school and at church fellow
5. The ability to creative,and love experiment to find new thing in different ways

3) Think about what’s important to you, and where you envision your business in
the future. What is the goal of your business? (1.5 points)

Goal of my business
The primary purpose of my bisness is to maximize bisness to all woliata zone ihabitant and
making oppurtunites for employment for other in each center after 6 years. b/c in woliata more
people&less land,no company, fabrics in case they migrate.i want to open electronics company
and import materials and generate idea to innovate new device in the future.

4) Build the knowledge and skills that you need to succeed. What do you need to
know, do or learn in order to accomplish the business goal stated above? (2 points)

1.Communication with customers by open minded through listening, writing and speaking
2. Solving problem and conflict resolution because problem will arise in every job.continue
gto completion
3.Teamwork very useful many jobs require to work effectively and respectfully with others.
4. Numeracy skills for logical thinking and reasoning in all everyday activity
5.Networking with other professionals and entrepreneurs.

5) How do you think you can acquire this knowledge and these skills so that you
will be able to move forward confidently? (2 points)

Yes probably,since I acquire knowledge,skill through read &look for problem to

solve,making networking with other entrprenuerer commit to continuous learning
and put focus on customer service,so I improve my self to forward my bisiness.this
college is also special in technology from other,so there would be good
opportunity to build me with my bisness idea through practical work(lab).

Activity2: Read your Entrepreneurship Module from page 31 to 39, identify a

business idea of yours and, describe your idea using the following form:(10 points)

My business idea:
• Actually making general electronic center

Which need will my business fulfill?

which need will I fulfill:my business solve specific problem which cannot be
solved by customer feeling. people stop using repairable phone due to absence of sufficient
software maintenance and unavailability of enough service centers. so, l wants to address
these problems in specified location in order to reduce their financial loss
Many customers come to maintenance center but they didn't get software maintenance so, I have
answer to their software related question especially. in some centers repairing a little bit expensive
even for hardware related problems, so I will give this service at lower and feasible price.and anther is
functionality.

What good/ service will I provide?

• Services I will provide any computing electronic device,HW,SW.

To whom will I sell?

I will sell
The business area which I prefer is woliata zone,so those customer are individual and who
need me,I’m there.

How will I sell my good/ service?

General electronic device center

Reparing

Cellphone.computer,tv,anysystem device.

SW&HW problem.accessories. TO CUSTOMER.

How much will my business depend upon and impact the environment?
Advantages for my business is that competitors don't address software problem but hardware only. so,
it's helpful for my business survival and many customers I can get. another issue is that providing
services at lower price compared to other. this idea has importance in reducing economic loss for both
customers and country as well.

Part II: Read the following cases and answer the questions that follow.

Case 1: Janet’s Experience (5 points)

Janet has a small farm and her husband works in a nearby mine, but even though both of them
have jobs, they do not earn enough money to pay for their children’s education. Janet decides to
try and start her own business by rearing chickens to sell. She knows how to do it and her uncle
gives her a loan of $400 to start the business. However, before she buys the chicks, someone tells
her that there is a huge demand for sunflower oil because of its lack of availability in the market.
Traders are knocking on the doors of local farmers asking them to produce it. Thinking she can
earn a lot more money from pressing sunflower seeds for oil, Janet changes her business idea and
starts an oil pressing venture.
Janet has never grown a large quantity of sunflowers. She spends all the money from the loan to
buy seeds, fertilizer and the oil pressing equipment. Since she uses most of the family farmland
to grow sunflowers, there is less land to grow maize and vegetables for the family to eat. The
chemicals from the fertilizer begin to make her children sick. She now has to buy more food for
the family. It takes a lot of time and effort to process the oil, so, Janet has to employ someone to
help her. A lot of other farmers have started growing sunflower seeds too. Therefore, by the time
her oil is ready to sell, the market is already saturated with the good and Janet cannot find a
buyer. To reduce her losses, Janet has to sell the oil at a very low price to a local shop. As a
result, Janet makes very little money and she is not able to pay back the loan.
Reflection question: What is wrong with Janet’s business idea? Why?
Answer: I think is probably this part is wrong Janet decides to try and start her own business by
rearing chickens to sell. She knows how to do it and her uncle gives her a loan of K40, 000 to
start the business. However, before she buys the chicks, someone tells her that there is a huge
demand for sunflower oil because of its lack of availability in the market. Traders are knocking
on the doors of local farmers asking them to produce it. Because husband works in a nearby mine
but even though both of them have jobs, they do not earn enough money to pay for their
children’s education. Janet decides to try and start her own business by rearing chickens to sell.
they don't have many to buy something and her wife trying to take a job to do.

Case 2: Lily’s Experience (5 points)

Lily had been working in the assembly line of a garment factory for more than five years. Her
salary was low and she was often required to work overtime. Lily’s sister-in-law came to visit
her and complained to Lily that she was unable to find any good clothes for her 12-year-old
daughter. She said that the clothes in the stores all seem to be either made for younger children
or for adults. After the visit, Lily decided to go around to the clothing shops in her town. She saw
young teenage girls shopping in the stores, but she noticed that the number and variety of clothes
geared to that age group was limited. She had already been thinking of quitting her job and
opening her own business.
Therefore, Lily decides to design some pretty clothes and dresses for young teenage girls. She
makes some drawings of clothing that would appeal to that age group. She then takes her
drawings to the local clothing shops, asking the owners if they would buy the dresses in the
drawings, how much they would pay for them and how many they would buy. The shop owners
seemed to be quite happy with her designs and said they would display her clothes. Lily then
uses her savings to buy a sewing machine and some material to make her first batch. She works
in the evening after getting off from work at the garment factory. All of the dresses she makes
sell very well and the shops are willing to pay her in cash upon delivery. Lily then decides to quit
her job to focus on her own business. Within six months, Lily starts receiving regular orders
from the shops. She plans to buy one more sewing machine and hire one of her friends to work
for her.
Reflection question: Why is Lily successful in her own business? What did she do that made her
successful?
Answer: Lily had been working in the assembly line of a garment factory for
more than five years. Her salary was low, and she was often required to
work overtime until she decided to quit her job and have her own business.