LEARNING FROM MISTAKES

SETBACKS

Some setbacks that may occur is that I may not have any customers because people may not know about my product which could affect the profit that I may be made which would be difficult given that I am just a small business beginning. I may not be able to access people that are willing to be partners for my product because they may not believe that there is a market for it right now. My product could because faulty if not used in the correct way. It also may not be able to be manufactured given how technical the device is. Not on trend because people may not be needing the product at the time. There also could be better competition out there with people making the same product for a cheaper and better price without compromising the quality of it.

3 OTHER VARIATIONS 

  • Decorations to put on presents
  • Another way to put on wrapping paper that is faster
  • wrapping paper that you put on a present and then it shrinks to the size so it is covered prefectly.

Target Marketing

The purpose of “Sprapping Paper” is to make it easier to wrap your Christmas and birthday presents. “Sprapping Paper” is there to help wrap the hard to wrap presents and the odd shapes that some gifts can be. It will help people that find hard to use scissors and tape. All they will just have to do is press a button and point the can towards the present and it will be perfectly wrapped. Then you just need to decorate with a bow or rosette.

COMMUNICATION CONCEPT

There are many different people that can use “Sprapping Paper” for many different needs. Busy families can use it on the run to a birthday party and make it look like they spent hours wrapping the present until perfection. Elderly people that find it difficult to use scissors and tape can use it to help them quickly wrap a present instead of having to pay someone to wrap it for them which may be very expensive in the long run. “Sprapping Paper” can help busy people to wrap a present on the go while they could be eating their breakfast or even brushing their teeth given that it is very lightweight quick, easy, cheap and easy to apply. “Sprapping Paper” can help people who are bad at wrapping presents get the look that they want without having to pay someone to wrap it or waste heaps of wrapping paper trying again and again. I am going to communicate to my audience through the facebook and social networking sights that the parents may use. I will target elderly people in magazines and newspapers that they may read. I will be one of the faces of my brand.

MY THING

After finding out our task I began to think of a few ideas. In the beginning, it was hard to decide what I wanted to do. I finally chose to do wrapping paper that is in a spray can. This is a very useful, convenient and efficient way to make sure that you save time and have beautiful presents.

MY BRAND

  1. Sprapping Paper
  2. The wrapping set
  3. Wrappy to go

The name of my product that I have chosen to create is “Sprapping Paper”. It is sprayed on wrapping paper that you apply to your presents and it wraps them.

MISSION STATEMENT

I want to be able to help that may be bad or do not have time to wrap the presents for people. This product will be able to help many people in lots of different situations. I am going to help change the world by saving people time to do other things instead of wrapping presents

What are the skills and attributes entrepreneurs need to be successful?

Successful business people have many traits in common with one another. They are confident and optimistic. They are disciplined self-starters. They are open to any new ideas which cross their path because they believe that there is always room for improvement. Passion is the most important trait of the successful entrepreneur because they have to use their passion for the matter to create new leads to improving their business. The person needs to be creative because you will often come up with solutions which are helpful for their business. They will repurpose products to market them to new industries. Overall there are many skills you need to be an entrepreneur but you can easily learn to do all of these skills and attributes.