Feasibility & Marketing for small business Research Paper

Feasibility & Marketing for small business - Research Paper Example The location on Adelaide Street is ideal since there are few salons in the surrounding area. The street connects to other major streets in London, which makes the transportation of inventory and other commodities easy. The business site on Adelaide Street is a visible place just off the road with shopping malls on its opposite side. The malls increase traffic on the street, providing a better opportunity to reach out to more potential customers. The site for the business is 200 square feet, which is ideal for the various services that the business will offer. An additional 50 square feet is available as office space, enough to accommodate the managerial staff and business records. There is ample parking space of 280 square feet at the basement of the building. Considering the business viability of the area, this is a prime site. The business will incur site expenses at the rate of $9.50 per square foot (For Lease: Office / Medical / Clinic, 2014). For the total of 250 square feet, the business expects to spend a total of ($9.50) (250 square feet) = $2375. This cost is inclusive of building insurance and maintenance costs. The average annual expenditure on hairdressing and related personal care is $829 per household (Affairs, 2011). This expenditure forms 1.4% of the total expenditure of the potential customers (Affairs, 2011). These figures indicate a good market potential for salon services, which indicates that the salon business is an attractive opportunity in this area. The major direct competitors are Skin Care Nails and Spa, and Sheer Elegance Saloon and Spa. Skin Care Nails and Spa is a threat because of celebrity status and adequate resources at its disposal. Sheer Elegance Saloon and Spa has a wide variety of services and offers them at lower prices. The indirect competitors include Studio 83, which is 0.6 miles away, and First Choice Hair

Exercise 6-1 Remote Power Mower System Assignment

Exercise 6-1 Remote Power Mower System - Assignment Example They can be used electromagnetically and the relay can only be used a number of specified times before the cycle fails. Relay allows low power light duty switch to actuate the starter circuit without using directly to the starter (Scwalbe 144). If the mower start circuit does not contain a relay, heavy duty wiring will have to be wired to the start switch, or it would potentially pose a fatal shock hazard and also prone to electrical arcing. It also includes embodiments to provide use in all seasons, including a spreader, wagon, detaches, trimmer, and a slow blade. The remote control mower allows the operator to stay far away for the sake of injury prevention. The deliverable in a work breakdown structure is divided into tasks and components put together to achieve it. In our case, the project is made up of two main parts which are the Remote Control Unit and the Vehicle Unit. These two units are found at the first level and the breakdown of the units goes into the second and third levels. Moreover, there are other such units which are the core of the project and cannot be placed in the second or third level (Scwalbe 154). Level two is made up of deliverables that are clearly tangible and recognizable. The other levels consist of activities and tasks that build up on the project. The remote control unit is used in controlling the Remote Power Motor System (RPM) through the use of different components. The key project milestones are put together in level two of the project. In this case, we put together the following sections: Training, Budget Control, Data Management and Project Management. These sections must be implemented using a bottom up approach. The Project Manager is responsible for the control and overall supervision of the project. Therefore, he/she is in charge of project management which is placed at level two of the project. Other essential services that should be placed at level two include data management, budget control and training.