Entrepreneur of a Small Scale Business in Saudi Arabia

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timer Asked: Feb 7th, 2019
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Question Description

Assume yourself as an entrepreneur of a small scale business in Saudi Arabia.

Assignment Objectives & Requirements:

1. Owners (200-300 words)

a. Your Business Name, Address, E‐Mail

2. General Business Description (300 – 400 words)

A. What business will you be in? What will you do?

•Mission Statement

•Company goals and objectives

B. Business Philosophy

a. What is important to you in your business?

• To whom will you market your product?

• Describe your Industry: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it?

• Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture?

• Legal form of ownership: Sole proprietor, Partnership, Corporation, Limited liability corporation (LLC)? Why have you selected this form?

3. Products and Services (600-800 words)

a. Describe in depth your products or services. (Technical specifications)

b. What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features

Unformatted Attachment Preview

Department of Business Administration Entrepreneurship & Small Business MGT 402 BUSINESS BLUEPRINT Assume yourself as an entrepreneur of a small scale business in Saudi Arabia. Assignment Objectives & Requirements: 1. Owners (200-300 words) a. Your Business Name, Address, E‐Mail 2. General Business Description (300 – 400 words) A. What business will you be in? What will you do? •Mission Statement •Company goals and objectives B. Business Philosophy a. What is important to you in your business? • To whom will you market your product? • Describe your Industry: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it? • Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture? • Legal form of ownership: Sole proprietor, Partnership, Corporation, Limited liability corporation (LLC)? Why have you selected this form? 3. Products and Services (600-800 words) a. Describe in depth your products or services. (Technical specifications) b. What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features. ...
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Tutor Answer

agneta
School: Duke University

Attached.

Running head: ENTREPRENEURSHIP AND SMALL BUSINESS

Entrepreneurship & Small Business
Institution Affiliation
Date

1

ENTREPRENEURSHIP AND SMALL BUSINESS

2

1. Owners
Salah Hadin Housing and Real Estate Company, P.O Box 1893 Al Dammam. The company was
founded in Jan 2019 by Me Mohammed Sutra and my colleague Al Hussein Jaffa. Initially, we
took on sale and management of real estate for the housing corporation in Saudi Arabia before
venturing in the private sector. During my stay at the housing corporation, I was the head of
operations and marketing. My responsibilities involved overall management of clients and assets,
employee management, and quarterly report compilation among other responsibilities. The
passion and drive to do better marketing and provide quality homes for the citizens of Saudi
Arabia inspired a need to do my previous job better and innovate better and easier processes of
home ownership.
Competition and market crowding will prove a major challenge in the commencement of
the venture. The decision to bring on board my colleague Mr. Hussein, is purely driven by a need
to split responsibilities and appeal to a larger demographic as compared to my doing it alone.
After a suitable agreement, Mr. Hussein and I will draft a business plan and set the venture’s
growth and birth in motion. The expertise of my colleague has proven very substantial especially
in coaxing investors and incorporation of more clients into our real estate family. The courage to
start this company was shared between two brilliant individuals who saw a vision in the future of
real estate in the country and beyond.
Salah Hadin Housing will boast of having 15 full-time employees, 23 interns, and 10
support staff. Salah Hadin housing mainly focuses on asset management, construction, and
maintenance of houses, and real estate purchase and sale across Al Dammam. The business has
experienced gradual growth, and an expected rise in revenue and operations is expected in the
coming fiscal ...

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Anonymous
Excellent job

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