Discuss about the Business Innovations And Different Idea.
Business innovations have become an integral part of today’s generation and need for this is rising, therefore for good business, we need a good business idea, and this has inspired many of the entrepreneurs and fuelled up them for next-generation business to become a billionaire (Zheng, 2011). Other than the idea you also need some free space, generate valuable, gather funding, target emerging market, create new rules and system, key process and resource.
If we look over different running business presently, there are much new innovation and new ideas all over but here I bring you another very unique and different idea so far, according to me if I have to suggest you then my option would be
Under this project collecting all waste, recycle materials from municipality waste plant and move on by re-using them with having a proper recycle plant and making materials good and attractive for consumers in this present market, this can solve both consumers and municipalities problem as it will keep surrounding clean, it will give more employment to rural area as these dumping waste are made outside the city area (Müller, 2012). These materials are necessary to be recycled therefore it will meet two critical needs
This compost will be targeted for nurseries, farmers, golf course, government agencies, fertilizers manufacturers and others, all these benefit customers, will reuse these materials. Also an addition to this we will offer services to all the recycling plants owned by municipalities because these plants are facing problems these days because of recent legislation which is not accepting house waste. Therefore, this recycling will solve these problems by accepting the disposal at nominal charges and then recycling them (Zheng, 2011). On the other hand, this helps to attain strong cash and increase profitability also we have a lesser risk of competition. This has been tested on a small scale level and the results have come out to be high-quality growth (Eftekhari & Bogers, 2015).
The mission of this business can be divided into three parts, first to ensure the financial backup of business, secondly to provide an economical alternative for disposal of human waste to municipalities (Hempell & Zwick, 2008). Thirdly to provide a good quality recycled product to the customer and making them aware of the fertilizers they are getting with this which has good organic materials, therefore we hope to build positive feeling about using recycled material among people (Hempell & Zwick, 2008).
Human waste sludge is always on the top among the problems for municipalities which looks after waste plant, In metropolitan areas to handle this large amount of human sludge is difficult and normally it fills landfills of municipalities, recycling and composting of solid waste has increased from last few years. This business has given an opportunity to recycle landfill and save landfill land, also we can work on making a team to collect all plastic materials from surroundings like cans, bottles, paper and others (Harada, 2017). These things should be collected and bring to operational site then these materials are sorted by the team and priced according to kilograms so as per priced list we will then sell it to end users, this brings overall benefit to the team and they will have less pollution, land space for development, awareness of the environment changes (Costa-Font, Courbage & Mina, 2009).
SUCCESS FACTORS DEPENDS ON
Success factor of business can be used in four different ways – as a very important ingredient
Used in managing their business, unique and important characteristics of company, as a tool
for decision makers to sharpen their ideas, description of resources required to become
Successful. Therefore, following these steps and applying on our business idea
If we take minimum assets for the initial stage of investment then these would be some sheds, truck, backhoe, front loader, processing plant and other things used in this also some more items related and a trained person for this, also if we talk about expenses then it would be first to make a huge few acres place for set up, company certification, some legal documents with municipalities, licenses, tax deposits, insurance, advertisement, employee salary, furniture, website developer, skid boxes, phone deposits and many more useful materials. For fulfilling this we need cash or one can take a loan from banks (Senthil Kumar & Baskar, 2014).
We will offer a major service and product for customers by this business like a major service would be municipalities will get alternative method of recycling human waste sludge and major product to customers would be these waste used a good quality fertilizers, this takes lesser time as compared to some other business plan, the human waste sludge gets easily re-useable within 3 days and sell in market as good quality fertilizer, this rapid process increase potential customers of this business (Senthil Kumar & Baskar, 2014).
Our services provide accepting human waste sludge which relief burden on landfills of municipalities (Grause, Buekens, Sakata, Okuwaki & Yoshioka, 2011). Also, provide Alternative disposal unit to municipalities. In market away from chemical fertilizers people accept more like original soil enhancers which is what we will provide at lower cost and other chemical fertilizers come higher costing, also when these chemical fertilizers are used this can only work until 3-4 months then again people has use it which consumes time and money both but our compost has many advantages this is not time-consuming (Grause, Buekens, Sakata, Okuwaki & Yoshioka, 2011). Also, our compost will always will available all the time as it takes less time in its manufacturing.
We prepare a general brochure regarding information of our company’s services and products to potential customers with pricing, maps and reminders, the advantage of this method is
During planning of business one goes with checking feasibility of business that is by conducting a market research this brings important information about customer behaviour towards our business also others are industrial analysis, checking sustainability. Trend analysis, goal charity and profitable companies. There are customers at both the ends of our services and as well as products, municipalities will benefit from having an alternative method of disposal and customers will have benefit from farmers, nurseries, landscapers, golf course, public agencies, residents (Grause, Buekens, Sakata, Okuwaki & Yoshioka, 2011). Also, we will provide value proportion to both for municipalities we provide cost-effective and budget saving by solving the problem of disposal of waste and on the other side value proportions for compost users as this gives us pure organic fertilizers which are of better quality than the chemical fertilizers.
Conclusion
Business innovation is hard to find but if you found one then there is no limit to its growth and progress, nowadays there have been much different business ideas which is very innovative and of good value likewise if we take ideas into working it tends to become money-making, basically your business should know demands of emerging market and also there resources then no one can stop it to be viable, profitable and growing business. To serve the market we cannot ‘hit and miss’.
References
Costa-Font, J., Courbage, C., & Mina, A. (2009). Innovation and health: pathways to new technologies. Economics Of Innovation And New Technology, 18(5), 403-406. https://dx.doi.org/10.1080/10438590802547092
Eftekhari, N., & Bogers, M. (2015). Open for Entrepreneurship: How Open Innovation Can Foster New Venture Creation. Creativity And Innovation Management, 24(4), 574-584. https://dx.doi.org/10.1111/caim.12136
Grause, G., Buekens, A., Sakata, Y., Okuwaki, A., & Yoshioka, T. (2011). Feedstock recycling of waste polymeric material. Journal Of Material Cycles And Waste Management, 13(4), 265-282. https://dx.doi.org/10.1007/s10163-011-0031-z
Harada, T. (2017). Endogenous innovation under New Keynesian dynamic stochastic general equilibrium model. Economics Of Innovation And New Technology, 27(4), 361-376. https://dx.doi.org/10.1080/10438599.2017.1362797
Hempell, T., & Zwick, T. (2008). NEW TECHNOLOGY, WORK ORGANISATION, AND INNOVATION. Economics Of Innovation And New Technology, 17(4), 331-354. https://dx.doi.org/10.1080/10438590701279649
Müller, M. (2012). Design-Driven Innovation for Sustainability: A New Method for Developing a Sustainable Value Proposition. International Journal Of Innovation Science, 4(1), 11-24. https://dx.doi.org/10.1260/1757-2223.4.1.11
Senthil Kumar, K., & Baskar, K. (2014). Recycling of E-plastic waste as a construction material in developing countries. Journal Of Material Cycles And Waste Management, 17(4), 718-724. https://dx.doi.org/10.1007/s10163-014-0303-5
Zheng, W. (2011). Innovation Request and Technical Method of Urban Geography in the New Period. Advanced Materials Research, 368-373, 1815-1818. https://dx.doi.org/10.4028/www.scientific.net/amr.368-373.1815
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