Assume you are starting a business of your own. First, determine what type of bu

Question

Assume you are starting a business of your own. First, determine what type of business you would start, depending on your knowledge or experience. Based on what you know about such a business, write an introduction for a formal report, explaining what your business will be and identifying what city would be the best location for your business and why. Assume that you are preparing this report to attach to a request for funding from the Small Business Administration. write the formal report about your business, include the following parts of the introduction ( introducing the subject, stating the purpose and stating the scope) only. Write in introduction format.

Explanation / Answer

Introduction

<OUR COMPANY> will provide an e-marketplace for various kinds of domestic services including painting, plumbing, electrical work, flooring, gardening, baby-s Functions and so forth. Our solution will provide an online marketplace for technicians for these type of work. The primary revenue will come directly from the customers. The customers will directly pay <OUR COMPANY> for the service received. <OUR COMPANY> will pay the technicians based on their hours served at the customer’s place. The secondary source of revenue will be from advertisements on the websites (such as Google AdSense).

Purpose

The customers registered on our website will be able to search for technicians having adequate skills (confirmed by user rating), and nearest to the locality of the customers. The value proposition is thus to provide an easy access to domestic service market and ensuring quality service without getting harassed in the actual market. The payment will also be wallet-based secured transaction and there will be hardly any chance of over-charging because the payment will be made directly to <OUR COMPANY> and the rates will be fixed by <OUR COMPANY> with the technicians during the contract. The customers can compare the hourly rates provided by the technicians on the go on our website and can select a technician accordingly.

Scope

The established customer base will be the households of Boston and the cities nearly. Households will be our main customer base as we are providing with domestic services. Other than this, we don’t find any need to further segmentation because the household needs are almost everywhere. However, we will focus more on Gen X and Gen Y customers because ours is a e-business model and the preamble to our business in that the customers should at least be conversant with a mobile phone, computer, and internet. Within this group, people will be young, working, an aspirant for their future and will want to spend less time with domestic activities. Our solution will be meeting their expectation fully.

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