Hones, Angelyn

11 ABM 3

ENTREPRENEURSHIP

QUARTER 1; MODULE 5

Determine Product or Service to Meet the Need

WHAT I KNOW

1. screening
2. seeking
3. Seizing
4. Seeking
5. Seizing
6. Screening
7. Seeking
8. Seizing
9. Seeking
10. Screening

WHAT'S IN

Information Customer Competitor

1. Behaviors ✓
2. Demographics ✓
3. Direct competition ✓
4. Entry barriers ✓
5. Indirect competition ✓

6. Location ✓
7. Market size ✓
8. Psychographics ✓
9. Trends ✓
10. Uniqueness ✓

WHAT'S NEW

A. Market research Expert opinion SWOT analysis Industry analysis

B. B. Reading articles, newspapers, and academic journals can all be used for market research. It could also entail
tracking your demographics and keeping an eye on your competitors' stock market performance.

WHAT'S MORE

A. VISION
 With a greater feeling of purpose, active volunteers contribute to their communities and a world-changing cause.

B. MISSION
  Providing people with reuse services to stop wearable clothes being thrown into the waste stream or left unused
C. BUSINESS MODEL
 A thrift store resembles opening a second hand store, in which you can keep used clothes, books, furniture,
crockery or whatever you want, and sell them in relatively low prices. The thrift store owners gather the items by
the rich community, which are in a position to be used again, and keep them in their store.

D. EXECUTIVE SUMMARY
 All-in-one is designed to keep old clothes, books, toys, musical instruments, furniture, and tiny electrical
equipment in good condition at all times.The goal of the company is to collect secondhand products that are in
good enough shape to be resold at low prices.

E. ORGANIZERS OF THE BUSINESS

 Angelyn Hones, a DVRMNHS ABM student, who happens to be interested in collecting affordable clothes, will
be the owner of All-in-One Thrift store. All-in-one Thrift store will be located in Cebu City's Cogon district, one
of the city's busiest areas.

WHAT I HAVE LEARNED

In my community whereas it is considered as a squatter are it is a good decision to build a business near the area. Where
the business's goal is to reach people who can't afford expensive ones.

WHAT I CAN DO
ADDITIONAL ACTIVITY

1. Through these lessons I’ve learned the important steps in business field. I could use these lessons in my everyday
living because it does help us to make our lives even better.
2. Is it consider a good or bad thing to take an opportunity who you declined in the past?