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Nena's Business Decision-Making Guide

Nena is facing a decision about starting a new business. She has received calls from people interested in hiring her for work. When evaluating business opportunities, Nena should consider the benefits and drawbacks of each option based on social, economic, and environmental factors. Starting a business requires working capital, which Nena can obtain through savings, loans, or investors. One proposed business concept is producing WiFi holders, which are devices that improve internet connectivity for students and others experiencing poor wireless signals at home. The WiFi holder would cost $199.50 to produce and require materials like magnets, flat bars, welding rods, paint, and a welding machine. Its value-added features would be network management, load balancing, security

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Eda Angela Oab
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873 views3 pages

Nena's Business Decision-Making Guide

Nena is facing a decision about starting a new business. She has received calls from people interested in hiring her for work. When evaluating business opportunities, Nena should consider the benefits and drawbacks of each option based on social, economic, and environmental factors. Starting a business requires working capital, which Nena can obtain through savings, loans, or investors. One proposed business concept is producing WiFi holders, which are devices that improve internet connectivity for students and others experiencing poor wireless signals at home. The WiFi holder would cost $199.50 to produce and require materials like magnets, flat bars, welding rods, paint, and a welding machine. Its value-added features would be network management, load balancing, security

Uploaded by

Eda Angela Oab
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
  • Module 3: Identify Opportunities
  • Product Concept Example - WiFi Holder

Name: Eda Angela N.

Oab GE-EM
Course & Block: BEED 2-A

MODULE 3: IDENTIFY OPPORTUNITIES

What Do I Need to Do?


A. SITUATIONAL ANALYSIS
B.
1. What is Nena’s problem/challenge?
 Decision making is her problem.
2. List all possible alternatives that are available to Nena.
 Nena still has a lot of calls from people who wanted to do some work.
3. What criteria should Nena use in evaluating the alternatives?
 Evaluate alternatives by examining the benefits and drawbacks of each alternative.
During the evaluation of alternatives, careful consideration is given to social, economic,
and ecological factors that influence the predicted outcome. Encourage discussion and
use visual aids to help explain alternatives
4. Why is there a need for Nena to start a new business?
 The most important thing people need when starting a business is working capital.
Potential business owners can use their savings, borrow from a bank or raise money
through private investors with a limited liability corporation. Forming an LLC is
advantageous because it limits the owner's losses to what she invests. She can protect
additional assets, including her home, should the business fail. There are also other major
considerations when starting a business.
5. Why is selecting business opportunities important?
 Picking the right business structure is a critical, since your choice can impact how you
pay your taxes, how much paperwork you need to file, and how you can distribute your
profits.
C.
POSSIBLE BUSINESS OPPORTUNITIES RELEVANCE
1. Retailing /
2. Wholesaling /
3. Merchandise/Products Servicing /
4. Manufacturing /
5. Fishery/ Agriculture
C. PRODUCT CONCEPT

NAME OF PRODUCT

WIFI HOLDER

PICTURE

TARGET MARKET
 It is very capable to the people or students to be specific, who have their own
wifi in their house. this is applicable to people who experience poor internet
connection in their area or home.
WHO ARE THE PEOPLE CAPABLE OF DOING IT?
 The people who is good in terms of mechanic and also an artist.
WHEN DOES IT SELL BEST?
 Now in our situation, I think it sell best because we acquired the flexible
learning and we can use it to experience better connection while doing our
activities online.
WHAT ARE THE MATERIALS NEEDED?
 Magnet
 Flat Bar
 Welding Rod
 Welding Machine
 Matt Black Paint
COSTS
 199.50
VALUE ADDED FEATURES
 Network Management System
 Securing Connectivity
 High Capacity Load Balancing
 Protector of Wifi
 Speed of Internet Connection
 Essay Access
 Save Time

Name: Eda Angela N. Oab GE-EM Course & Block: BEED 2-A MODULE 3: IDENTIFY OPPORTUNITIES What Do I Need to Do? A. SITUATIONAL
C. PRODUCT CONCEPT NAME OF PRODUCT WIFI HOLDER PICTURE TARGET MARKET  It is very capable to the people or students to be
VALUE ADDED FEATURES  Network Management System  Securing Connectivity  High Capacity Load Balancing  Protector of Wifi 

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