THE BUSINESS

IN
CHEMICAL ENGINEERING 2.0
…PART 2
PRESENTATION FLOW

10 CHEM ENG Business Ideas in Chem Eng

11 MODEL Business Model Canvas

12 FRAME Fundamental Principles

Economics feasibility
13 FEASIBILITY highlights

14 CASE STD. Ideation to Execution

PRESENTATION FLOW

15 FUNDING Funding Sources

16 ICE BREAKER Kahoot Session

17 Q &A Pick my brains please…..

Presentation Part 3 ? (Just kidding

18 What Next see you at the top)
BUSINESS IDEAS IN CHEM ENG.

 The concept of Idea

 Where do Ideas come

from?

 Organic/ Inorganic Ideas

 How do you prepare?

 BUSINESS IDEAS IN CHEM ENG.
Renewable Energy Water Treatment and
Production Purification
A chemical engineering A chemical engineering business
business that specializes in the
production of renewable 01 that focuses on developing and
implementing effective water
treatment and purification
02
energy sources such as solar
panels, wind turbines, and technologies for industrial and
biofuels. municipal applications.

03
 BUSINESS IDEAS IN CHEM ENG.
Chemical Product Design Process Optimization and
and Manufacturing Efficiency
A business that specializes in the

01
A business that provides process
design and manufacturing of optimization and efficiency services
chemicals, including specialty to industrial clients, helping them to

02
chemicals for niche markets, as
reduce costs and increase
well as bulk chemicals for the
productivity.
broader market.

03
 BUSINESS IDEAS IN CHEM ENG.
Environmental Consulting Energy Efficiency
and Compliance Consulting
A chemical engineering business that

01
A business that offers consulting
offers consulting and compliance services to industrial and
services to companies in the commercial clients to help them

02
environmental sector, including
reduce their energy consumption
regulatory compliance, site
and costs.
assessment, and remediation services.

03
 BUSINESS IDEAS IN CHEM ENG.

Bioprocessing Pharmaceutical Manufacturing

A chemical engineering business

01
that focuses on developing and A business that specializes in the
implementing bioprocessing design and manufacture of
technologies for the production pharmaceutical products, including
of biologically derived products
such as biofuels, bioplastics, and
biopharmaceuticals.
02 active pharmaceutical ingredients
(APIs) and finished dosage forms.

03
 BUSINESS IDEAS IN CHEM ENG.
Food and Beverage Advanced Materials
Processing
A chemical engineering business that A business that specializes in the
provides consulting and
manufacturing services to the food 01 design and development of
advanced materials for a variety of
applications, including electronics,
02
and beverage industry, including
process design, equipment selection, aerospace, and automotive
and product formulation. industries.

03
Business Models
FUNDAMENTAL PRINCIPLES GOVERNING BUSINESS.

“Think aqout principles

01 as laws that are
unchanging irrespective of anx constraints”
FUNDAMENTAL PRINCIPLES GOVERNING BUSINESS

01 Law of Gestation

02 Law of Competition

03 Pareto Principle

04 Law of Innovation

05 Law of Increasing Opportunity Costs

 ECONOMIC FEASIBILITY HIGHLIGHTS.

Evaluate
Estimate Estimate Determine Conduct a the Return
Make a
the Total the the Break- Sensitivity on
Decision
Cost Revenue Even Point Analysis Investment
(ROI)
Is a Business Venture Worth Pursuing.

“A business feasibility test can be a helpful tool

for assessing the viability of a new business
venture.”
 CASE STUDY

Market Opportunity (Score out of 25)



01
Is there a need for your product or service in the market? (Score out of 5)
Is the market large enough to sustain your business? (Score out of 5)
 02
Is the competition in the market strong or weak? (Score out of 5)
 Are there any legal or regulatory barriers to entering the market? (Score
out of 5)
03
 Are there any technological or environmental factors that could affect
your business? (Score out of 5)
 CASE STUDY

Financial Viability (Score out of 25):



01
a. What is the startup cost for your business? (Score out of 5)
b. How long will it take for your business to break even? (Score out of 5)
 02
c. What is the potential profit margin for your business? (Score out of 5)
 d. What is the potential return on investment for your business? (Score
out of 5)
03
 e. How will you finance your business? (Score out of 5)
 CASE STUDY

Business Operations (Score out of 25):

01
 Do you have the necessary skills and experience to operate your
business? (Score out of 5)
02
 What is the organizational structure of your business? (Score out of 5)
 What are the key business processes required to operate your business?
(Score out of 5)
03
 Do you have the necessary resources to operate your business (e.g.
equipment, staff, supplies)? (Score out of 5)
 What is your business plan for growth and expansion? (Score out of 5)
 CASE STUDY

Marketing and Sales (Score out of 25)



01
How will you market your product or service? (Score out of 5)
Who is your target market and how will you reach them? (Score out of 5)
 02
What is your pricing strategy? (Score out of 5)
 What is your sales strategy? (Score out of 5)

(Score out of 5)
03
How will you measure the success of your marketing and sales efforts?
 CASE STUDY
Add up the scores for each category to get a total score out of 100.

If your total score is:

01
90-100: Your business idea is very feasible and has a high chance of success.
02 but may require some additional
70-89: Your business idea has potential,
research and planning.
50-69: Your business idea may be feasible,03but will require significant
changes or improvements to be successful.
Below 50: Your business idea may not be feasible and may not be worth
pursuing.
FUNDING SOURCES
Personal Savings
Friends and Family
Angel Investors
01 Venture Capitalists
02 Crowd funding
Grants
03 Bank loans
SBA Loans
BOI
Incubators and Accelerators (TEF)
Corporate Venture Capitalists
QUESTION AND ANSWER
Pick my brains please…..
KAHOOOOOOOTTTTTTTTTTTTT!!!!!!!!!
 In a world where
uncertainty and chaos is
the order of the day your
future is in your hands,
A graph of your choice THANK
against time will give you
a picture of your life
Ceteris Peribus.
YOU
Chidi Austin
…A Neviah Global Presentation for NSChE Hub 3.0