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smart mirror clothing, Schemes and Mind Maps of Entrepreneurship Development

GLS UniversityEntrepreneurship Development

this is document for smart mirror clothing

Typology: Schemes and Mind Maps

2021/2022

Uploaded on 03/08/2023

deep-mavawala
deep-mavawala 🇮🇳

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FACULTY OF COMPUTER TECHNOLOGY
Certificate
This is to certify that
Students of MCA semester IV, at
Faculty of Computer Technology
have successfully completed the Entrepreneurship Idea Presentation entitled
“Smart Mirror Clothing in Ecommerce”
as a partial fulfillment of the study of
Master of Computer Application (MCA)
Under the Guidance of
December 2022
P a g e 1 | 9
pf3
pf4
pf5
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pf9

Partial preview of the text

Download smart mirror clothing and more Schemes and Mind Maps Entrepreneurship Development in PDF only on Docsity!

FACULTY OF COMPUTER TECHNOLOGY

Certificate

This is to certify that

Students of MCA semester IV, at Faculty of Computer Technology have successfully completed the Entrepreneurship Idea Presentation entitled “Smart Mirror Clothing in Ecommerce” as a partial fulfillment of the study of Master of Computer Application (MCA) Under the Guidance of December 2022

Index:

No. Topics Page Number

1. Idea Proposal 3

2. Idea Generation 3

3. Idea Exploration 3

4. Feasibility Study 4

5. Financial 4

6. Operational 4

7. Technical 4

8. Market Research 5

9. Market Study

(Scope, Demand and Supply)

10. Competition Study 6

11. Future Growth 6

12. Operational Plan 7

13. Working Capital 7

14. Team Building and

Recruitment

15. Marketing and Promotional

Plan

16. Execution Plan 9

17. Conclusion 9

Feasibility Study

Financial:

 We have done analysis for the financial feasibility and we have found that this project is feasible because of below mentioned points:

  1. Low investment and high profit.
  2. No more competitors available in market.
  3. More financial growth in future times.

Operational:

 The project is also operational because we need to manage small amount of management team to handle the whole project for long period.

  1. Reduce the time (Operation).
  2. People can get easy access of “virtual trial room”.

Technical:

 It can run on any smartphone device with specification for web. It runs on any device which have internet connectivity.

  1. Multiple Systems
  2. Server
  3. Network

Market Research

 India is expected to have the second-largest number of internet users in the world. Statistics for the publishing industry are also promising. India standings in terms of e-commerce markets is also prominent. The e-commerce market in India is expected to grow at 55-60% annually for next five years.  Reference: www.myntra.com www.cnbctv18.com

Market Study (Scope, Demand, Supply)

 India is a huge market of e-commerce. Indian population of internet users in 658 million and it’s ranked second highest number of internet population. So e-commerce sector can grow with lot of speed.  Reference: www.datareportal.com

Operational Plan

Working Capital:

 When we do market study we estimate that our business need 8 lakhs ₹ to 9 lakhs ₹ of investment that include below mentioned points:

No. Number of Requirement Amount

  1. System(including maintenance)  2 PC(80k)  WIFI(12k)  Hosting-Domain(23k)  1 CCTV Camera(1k) 1.15 – 1.20 lakhs ₹
  2. Marketing  Online 1)Google Advertisement(20k) 2)Referral (5%) 3)Influencer Marketing(25k- 40k)  Offline 1)Pamphlet(1500) 2)Banner(10k-12k) 70k-75k ₹
  3. Commercial rents  Office Rent(3 lakh)  Electricity Bill( 80k-1 lakh)  Furniture(1 lakh) 5-5.10 Lakhs ₹
  4. Other Expenses  Legal Advisor  Misc. 50k ₹

Operational Plan

Team building and recruitment:

1. Marketing head: Marketing department will take care of by this post. Marketing head will draw the online/offline marketing strategies and plans for PR, brand building. 2. Web Manager: Web manager will look after the website content and regular updates of charts. He will manage the advertising put by external people on our site. 3. Distribution and vendor manager: Distribution manager will look after the distribution of the orders taking place on the website. Cash on delivery mechanism will be handles by distribution manager. He will look after the vendors for the clothes and manage that relationship. 4. Accountant: Accountant will look after all the online transactions and the accounts of the dealers. 5. Dealer manager: Dealer manager will be responsible for managing dealer relationships. Dealer manager will have four area managers under him. 6. Developer: Developer are develop website. 7. Designer: Designer should have a designing of website.