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SEMESTER FALL 2015
Introduction to Business
(Mgt211)
Assignment No: 01
Opening Date: 17 Nov, 2015
Due date: 24 Nov, 2015
Marks: 10
Topic: “Sole Proprietorship”
Learning Objective: The core objective of this activity is to make the students familiar with the basic concept of Sole proprietorship and start-up initiatives.
Learning Outcomes: After attempting this activity, students will be able to know how to take a better decision while initiating a business idea.
BACKGROUND:
The unavailability of hygienic and pure drinking water is causing various diseases. The only measure to reduce the disease is to provide distilled and filtered drinking water at mass level. Where it is a threat for the society at the same time it’s an opportunity for the businessmen to invest in building water plants and produce bottled water. The growing demand has intended many national and international companies to come into this field, as the raw cost is low and it carries huge profits as compared to other business. Suppose being a business graduate, you are seeing an opportunity in this field. Having equipped with necessary finance and required knowledge, you are interest to take initiative and start your own business. Considering the
competition from existing brands and your limited resources (obviously not ideal), you have to plan your business activities to make it a successful venture.
REQUIREMENTS:
Being a local investor, how will you initiate a new business and set up drinking water plant? Moreover, which factors do you think will give you a competitive advantage over the international investors?
Important:
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Replies to This Discussion

any idea????????

All members !

Please share your ideas here now. Perfect solution will come after great discussion and ideas. Thanks

no one post assignment 1 of mgt 211???

koi toh solution upload kro ...

yara this is really unfair ........... those who are competent pl help others by uploading ur data, it will be just used for guidence.....m very disappointed to see such respose :(

Think by urself man....be a creative person ...not depends on others.

Advantages of partner ship :

Partnerships can be cost-effective as each partner specializes in certain aspects of their business.
Partnerships provide moral support and will allow for more creative brainstorming.
your business is easy to establish and start-up costs are low
it’s easy to change your legal structure later if circumstances change.


mgt211 aasignment idea solution 
Disadvantages of partnership :

A major disadvantage of a partnership is unlimited liability. General partners are liable without limit for all debts contracted and errors made by the partnership. For example, if you own only 1 percent of the partnership and the business fails, you will be called upon to pay 1 percent of the bills and the other partners will be assessed their 99 percent. However, if your partners cannot pay, you may be called upon to pay all the debts even if you must sell off all your possessions to do so. This makes partnerships too risky for most situations. The answer would be a different business structure.

The partnership may have a limited life; it may end upon the withdrawal or death of a partner. 

Recommendations 

Mr.Khalil have to join partnership with his friend for the development of his business .

tx sir.....pl join my Fb if intereted https://www.facebook.com/groups/875118852585899/

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

itni ijazat to mili hy ap logo ko k net sy help lo ol phil bhi kishi ny discuss hi ni ki sho shad

:( :P 

A humble request to all of you please don't copy it , it's just for idea 

so please try to make your own solution , yeh sirf idea k liye share kr rahi , copy kia to zero hi any ap logo k :P :P 

1st part

If you want to start a water plan business, you will have to study the local competition. When your competitors have weaknesses, you can use that to your advantage.

Create a business plan and business website. With the right advertising methods, you can attract potential customers. You also have to comply with the government regulations.

Safe water is very important these days and since this is an essential need, a lot of people are willing to purchase bottled water. With this great demand for clean drinking water, you can start your own water bottling business. People were used to drinking tap water several years back but today, its use has decreased considerably. Before you begin with the startup process, you will have to create a good business plan. Learn everything you can about water bottling. You can surf the web for more info so that you can make the right move and decisions.

Bottled water is available in different forms – spring water, purified water, mineral water, sparkling water, artesian water, and well water. Determine the availability of water in your area and you can consult with the International Bottled Water Association. This is important so that you can comply accordingly. The bottling equipment is vital in selling clean water. Aside from the source of water, you will also need bottles, labels,  and sterilizers. If you want, you can stick with eco-friendly designs. During startup, you can lease out the machines and equipment you need. This is ideal to test the water before you start purchasing your own equipment.

2nd part may be 

Competitive advantage comes about from general elements described in competitive advantage and from types of innovation described in innovation. The strongest forms of competitive advantage come from business model innovation and management innovation. Below are categories of questions to prompt creative thinking of the possibilities for creating a competitive advantage with a business model design.

There are four factors considered in determining the wealth potential of any business concept --

  • the extent to which the business concept is an efficient way of delivering customer benefits;
  • the extent to which the business concept is unique;
  • the degree to a fit among the elements of the business concept; and.
  • the extent to which the business concept exploits profit boosters that have the potential to generate above-average returns. 

Wish You A Very Best Of Luck 

Happy Chanda

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