Entrepreneur

Group: 07
• Sheikh Murtaza Halim ME 20103
• Arham Ahmed ME 20106
• M. Umar Khan ME 20110
• Arqam Ahmed Hashmi ME 20116
 Table of contents
• Introduction
• Traits of an Entrepreneur
• Motivation Video
• Case Study
• Business Idea : Empowering Household Labor: Creating Opportunities for
Employment
• Opportunities
• Service Tiers
• Customer Acquisition
• Business Model
• Feasibilities
 Introduction
• What is Entrepreneur?

Entrepreneur is derived from 2 French words i.e: entre meaning “in

between” and prendre meaning “to take”.
Furthermore:
“An entrepreneur is someone who initiates, organizes, and manages a
business venture, typically with the goal of generating profit and creating
value.”
Traits of an Entrepreneur
Feedback: A Blessing
Motivation video
Case Study
 Summary of the Case Study

1. Our business idea revolves around developing a structured system for household labor services, offering maids, cooks,
gardeners, caretakers, and babysitters.
2. Just like startups hire freelancers to address specific needs, our platform connects households with skilled workers to fill
expertise gaps in household tasks.
3. Freelancers offer specialized skills, similar to the variety of services we aim to provide, meeting the diverse needs of our
customers.
4. By hiring freelancers on an as-needed basis, startups can avoid the commitment of hiring part-time or full-time employees,
mirroring the flexibility we offer to households in scheduling services.
5. Web-based platforms like Upwork and Guru act as a model for our platform, providing a convenient way for households to
find and hire skilled workers for their specific needs.
 Business Idea : Empowering Household Labor: Creating
Opportunities for Employment

• The goal is to establish a business that will generate job opportunities. The
plan is to create a structure for hose hold jobs, such as babysitting,
cooking, gardening, maid services, and skilled workers sch as: carpenter,
technician, plumber. The plan is to create a website and an application for
smartphones, laptops, and tablets.
 Key Activities:
Key Partnerships:
Recruitment and training of
Collaborations with local
household workers. Key Resources:
training centers or vocational
Developing an online platform or Skilled workers for various
schools to source trained
app for connecting workers with household tasks.
workers.
households. Technology infrastructure for the
Partnerships with background
Conducting background checks online platform or app.
verification agencies for
and verification of workers. Human resources for recruitment,
ensuring the credibility of
Providing ongoing support and training, and management.
workers.
training for workers. Marketing and branding resources for
Collaboration with online
Establishing relationships with promoting the servi
platforms for marketing and
households seeking household
outreach.
labor services.
Value Proposition:
Convenient access to reliable
and trained household workers.
Peace of mind for households
through background-checked
workers.
Flexibility in hiring workers
based on specific needs and
schedules.
Empowering individuals by
providing them with
employment opportunities.
Customer Segments:
Individuals or families in need
of household labor services.
Busy professionals who require
assistance with household
chores.
Elderly individuals who need
caregivers or
companions.Parents in need of
babysitters or childcare services.
Customer Relationships:
Providing personalized customer
support to both households and
workers.
Gathering feedback and reviews to
improve service quality.
Offering loyalty programs or
incentives for recurring customers.
 Revenue Streams:
Channels:
Commission or service fees Cost Structure:
Online platform or app for
charged to households for Recruitment and training costs for
connecting households
each booking. workers.
with workers.
Premium membership or Technology development and
Social media and digital
subscription plans for maintenance costs for the online
marketing for promoting
households seeking regular platform or app.
services.
services. Marketing and advertising expenses.
Partnerships with local
Advertising revenue from Operational costs such as customer
community organizations
third-party service providers support and administrative expenses.
or senior centers
or related businesse
 Feasibility Analysis
• By conducting a thorough feasibility analysis, you can assess the viability
of your business idea and make informed decisions about whether to
proceed with launching the household labor services business. This
analysis will help you identify strengths, weaknesses, opportunities, and
threats, enabling you to develop a realistic business plan and increase your
chances of success.
Product/Service Demand:Conduct
market research to gauge the
demand for various household
labor services in your target
market.Analyze demographic
trends, lifestyle preferences, and
socioeconomic factors that
influence the need for these
services.Identify specific customer
segments or niches that have a high
demand for household labor
services, such as busy
professionals, elderly individuals,
or families with young
children.Consider seasonal
variations or peak demand periods
for certain types of services (e.g.,
gardening in spring and summer,
childcare during school holidays).
Product/Service Desirability:Customer Pain
Points: Identify the specific challenges
customers face with household tasks, such as
time constraints, lack of expertise, or physical
limitations.Market Demand: Research market
trends and demographics to understand the
increasing demand for household labor services
due to lifestyle changes or demographic
shifts.Unique Value Proposition: Define your
unique selling points, emphasizing reliability,
convenience, quality, and personalized service
to address customer needs and differentiate
from competitors.Customer Feedback: Gather
feedback through surveys, focus groups, or
pilot programs to refine your offerings and
ensure they align with customer
preferences.Brand Perception: Establish a
strong brand identity that communicates your
values, mission, and commitment to customer
satisfaction, resonating with your target
audience.
Financial Feasibility:Estimate the
startup costs involved in launching
the business, including technology
development, marketing,
recruitment, and administrative
expenses.Project the potential
revenue streams based on the
pricing model (e.g., service fees,
subscriptions, advertising).Conduct
a break-even analysis to determine
the point at which the business will
become profitable.Assess the
availability of funding sources,
such as personal savings, loans, or
investors, to finance the startup
costs.