Entrepreneur Observation Report Essay -- essays research papers

This report outlines a actu totallyy sm all wrinkle of my blood brothers.It describes his parentage, tar rent market, financial plans, andmarketing plans. I have attempt to stay a neutral opinion roughly his opinions as often as possible. I have tried to keepmy inputs and thoughts in the closing nevertheless.The whole idea of my brother, insert name here, owning a tune started in early March of 1998 when one of theneighbors jokingly suggested he should raise sensationalistics and stag them to people. A few eld later he realized it could be easily dupee, and with a profit. From mid-March toSeptember, he and I raised, and easily sold 600+ chickens,we exactly wished we could have raised more. When Marchof 1999 rolled round we were contemplating how manychickens to buy, when the somebody we bought the chickensfrom told us about the possibilities of rabbits. Becauserabbits are a yearlong project, and we knew I would beleaving in the fall, it became his decision and ultimat ely hisproject. He started out with 20 baby doe (females), 3 babybucks (males), and a subtile-borrowed hutch (cage) with all23 rabbits jammed in tight. His investment in rabbits,although considerable, was still to be out go intoe by the onesin hutches and feed. He essentially exhausted all boodle fromchickens the year before and whence some. His project outrightconsists of 20 bestride doe, 3 mature bucks, andapproximately 60 babies. He has taken oer a section of alarge b and turned it into a 30+ hutch rabbitry systemwith a locomote automatic tearing system., and recentlyacquired a large weaning cage. I asked him how he tangle when he was getting started and he tell he didnt want spending all that money but he knew hewould get it all back someday. I then asked him if he wasafraid of competition, or of there not being a spacious enoughmarket. He said he knew of nobody else treating rabbit affectionin the area on any scale, and that because rabbit meat ispractically thee h ealthiest meat, he couldnt see anyproblems in the market. He then said that if personal sellingfails he can sell them through his "chicken provider" on aper pound basis. genius thing I have always known about my brother and hisrabbit business is that he is actually confident in its victor andthat even though he knows there will be small problems heis very confident(predicate) of overall success.When I asked him who he sees as his typical guest hesaid that... ...rerabbits to have babies within a couple days and must checkthem constantly to make sure every regard is ok. He playsthe role of technician when he builds cages, and maintainscleanliness. I dont recollect this business could ever bring forth a franchisealthough it could become a very large company withthousands of rabbits, and several employees. If it were tobecome a franchise I moot it would best be managed by thefranchisees. I find this would eliminate any hierarchy or bureaucracy involved in most franch ises. Of course therewould be a main routine to coordinate advertising and tooffer help to franchisees with questions or problems.I dont have too many suggestions remove to attempt all ofthe plans he has thought of. I also think that he ineluctably tomake a profit before he starts expanding any more. formerlyhe gets into the cycle of raising and selling the rabbits hecan then begin to expand, but not before then. This is genuinely a business that has a lot of potential, and had alot of things sledding for it. It is proof to me that the onlysuccessful entrepreneur is the guy that gets the idea anddoes it, not the guy that unsloped thinks it would be a good ideafor soulfulness else to do. Entrepreneur note Report Essay -- essays research papers This report outlines a very small business of my brothers.It describes his business, target market, financial plans, andmarketing plans. I have tried to keep a neutral opinionabout his opinions as much as possible. I ha ve tried to keepmy inputs and thoughts in the conclusion only.The whole idea of my brother, insert name here, owning abusiness started in early March of 1998 when one of theneighbors jokingly suggested he should raise chickens andsell them to people. A few days later he realized it could beeasily done, and with a profit. From mid-March toSeptember, he and I raised, and easily sold 600+ chickens,we only wished we could have raised more. When Marchof 1999 rolled around we were contemplating how manychickens to buy, when the person we bought the chickensfrom told us about the possibilities of rabbits. Becauserabbits are a yearlong project, and we knew I would beleaving in the fall, it became his decision and ultimately hisproject. He started out with 20 baby doe (females), 3 babybucks (males), and a small-borrowed hutch (cage) with all23 rabbits jammed in tight. His investment in rabbits,although considerable, was still to be outdone by the onesin hutches and feed. He essentially spent all profits fromchickens the year before and then some. His project nowconsists of 20 mature doe, 3 mature bucks, andapproximately 60 babies. He has taken over a section of alarge barn and turned it into a 30+ hutch rabbitry systemwith a circulating automatic watering system., and recentlyacquired a large weaning cage. I asked him how he felt when he was getting started and hesaid he didnt like spending all that money but he knew hewould get it all back someday. I then asked him if he wasafraid of competition, or of there not being a big enoughmarket. He said he knew of nobody else selling rabbit meatin the area on any scale, and that because rabbit meat ispractically thee healthiest meat, he couldnt see anyproblems in the market. He then said that if personal sellingfails he can sell them through his "chicken provider" on aper pound basis.One thing I have always known about my brother and hisrabbit business is that he is very confident in its success andthat even though he knows there will be small problems heis very sure of overall success.When I asked him who he sees as his typical customer hesaid that... ...rerabbits to have babies within a couple days and must checkthem constantly to make sure every think is ok. He playsthe role of technician when he builds cages, and maintainscleanliness. I dont think this business could ever become a franchisealthough it could become a very large company withthousands of rabbits, and several employees. If it were tobecome a franchise I think it would best be managed by thefranchisees. I think this would eliminate any hierarchy orbureaucracy involved in most franchises. Of course therewould be a main office to coordinate advertising and tooffer help to franchisees with questions or problems.I dont have too many suggestions except to attempt all ofthe plans he has thought of. I also think that he needs tomake a profit before he starts expanding any more. Oncehe gets into the cycle of raising and selling the rabb its hecan then begin to expand, but not before then. This is really a business that has a lot of potential, and had alot of things going for it. It is proof to me that the onlysuccessful entrepreneur is the guy that gets the idea anddoes it, not the guy that just thinks it would be a good ideafor someone else to do.