BBAN 31152

Small Business Management and Entrepreneurship

Idea Generation

They're the 3 types of businesses that are recognized under the skill analysis and opportunity
analysis.

 Start a cake and pastry business.

 Start a wedding car hire service.
 Start the meal kit delivery service.

Under deficit analysis, I identified the best business opportunity for me from those three business
ideas.

New business idea Skill Analysis Opportunity Identification

Start the cake Hobby- As a younger, I spend my Nowadays many people celebrate
and pastry item leisure time making cakes and their special occasions by having a
business. sweets, trying new recipes. party and buying homemade foods
for it instead of buying food from
Education -Completed the three- the pastry shop.
month bakery course under a
famous chef who is working at a
famous hotel.
Work experience- After A/L
time I had taken orders from
relatives and friends’ occupations.

Start a wedding Hobby- loves to drive and an In my work time, I updated about

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car hire service interested in decorating cars and the car hiring business process and
car decoration flower bouquets. most couples allocated a certain
amount of money from their
Work Experience- After A/L budget to the wedding car. Hiring
time I joined another vehicle hire wedding cars is a low-cost
service company for a few business.
months to get the idea.

Family history- My brother runs

a car hire service company since
2010.

Start a meal kit Hobby- I have an interest in
delivery service. cooking and like to cook and taste becoming a trend because Women
foods in my way.
Family history – My elder
brother worked in a hotel as a
chef in his part-time.
In busy tided schedule life, this
could get a small release in their
life without buying a cooked meal
for their family. In that service,
they can select what they love to
cook, for how many members, and
how many meals are covered by
that meal. Then delivered the meal
kit with every ingredient with a
written recipe.

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 Diligence Analysis

Business Idea Category Our Resources Required Deficit

Resources
Start a cake and Finance RS. 80,000 RS.60,000 Low deficit
pastry business
Start a wedding RS.80,000 RS.1200,000 High deficit
car hire service
Start a meal kit RS.80,000 RS.150,000 Medium deficit
delivery service
Start a cake and Time 4 hours a day 4 hours a day Lower deficit
pastry business
Start a wedding 4 hours a day 10 hours a day High deficit
car hire service
Start a meal kit 4 hours a day 5 hours a day Medium deficit
delivery service
Start a cake and Non- Better Need basic Lower deficit
pastry business financial knowledge knowledge about
Resources about baking the bakery items
cakes and
bakery items.
Start a wedding Medium Good knowledge Medium deficit
car hire service knowledge of about the process
the hiring of hiring and the
process environment with
the competitors.
Start a meal kit Low knowledge High knowledge High deficit
delivery service about society's about society's
choices and taste.
medium
knowledge

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 about cookery.
Start a cake and Risk Customers satisfied with my taste Lower deficit
pastry business and their taste
Start a wedding The incidents which can be High deficit
car hire service happened on the road
Start a meal kit Less knowledge about this business Medium deficit
delivery service in society.

According to skill analysis, I have more skills in cooking and the opportunity analysis shows that
I have a good opportunity for bakery side and meal kit delivery service. And diligence analysis
gave me a clear idea about law deficit and the best business for me to start a business of making
and selling cake and bakery items for occupations.

 Start a cake and party food items and the party items business.

This is a business and easy to start and maintain under the low cost and low allocated time and
sources. Nowadays most people celebrate their special occasions by having a party. So this is a
good trend and opportunity for starting a business suitable for their situation. This business
mainly focuses on birthday cakes and wedding cakes, wedding cake structures, party items
within seeds, and party decoration items. Each cake can be customized and according to their
order special making foods for people who suffer from non-communicable diseases. And also
offer six free cupcakes for birthday cake orders for children under 6 years old.

This won’t allow more time to allocate, and it can start the business part-time in the beginning
time. Most of the time it wants basic knowledge about the beginning and after the decorating
cake and pastry items can be sold with a good profit margin. Mainly this business depends on the

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customer's satisfaction and that depends on the quality of the food and the suitable price. And
also the cake decorations are recently being updated according to the trends.

BM/2019/240

G.D.M.N.Amarasiri