Principles of Entrepreneurship class, Extra credit case study

Principles of Entrepreneurship class, Extra credit - Case Study Examples mart segment based on their discretionary incomes (pertaining to the young professionals which constitute a significant portion of 40% of the target market segment). Some financial data can also be obtained on the appease of the target market, which are the college students (40%) and the local anaesthetic music scene enthusiasts (20%) on how much they can spend on some of these discretionary entertainment expenditures, which can evaporate if there is a recession.The business environment instalment of this case study is too brief and gives only a very cursory approach to the substantial entrepreneurial venture. Perhaps to a greater extent information should be a necessity of the project proponents, especially if they symbolise to raise venture cap or will likely borrow additional working capital from commercial banks. All additional information should be a plus, since it would show they had done their homew ork and in turn will convince potential investors in the future. An example is actual population figures that comprise the supposed younger generations and their percentage to the entire local population. Another example will be a more detailed copy of the revitalization plans of the city, which can affect traffic routes and congestion or availability of lay areas. Zoning regulations also need to be looked into, so as to determine the most favorable fixing for the new bar.What is its competitive profit? The only combined bar, music venue and specialty liquor loll within the area. The closest competitor is the Sub-Zero Bar, which incidentally also offers vodka, similar to the Noiz Vodka Bar in terms of its specialness in the liquor industry as the main form of client offering. However, this type of competitive advantage supposedly enjoyed by the Noiz Vodka Bar once it opens is something that is not easily defensible, as any other local bar within its immediate vicinity can chan ge their strategy and also offer a similar type of packaging of products and services for their