8. Skill developed / Learning out of this Micro-Project 9
9. Applications of this Micro-Project 9
0 Annexure I
Micro Project Proposal
Specs & Sunglasses Business
1. Aims/Benefits of the Micro-Project:
Sunglasses or sun glasses (informally called shades) are a form of protective eyewear designed primarily to prevent bright sunlight and high-energy visible light from damaging or discomforting the eyes. They can sometimes also function as a visual aid, as variously termed spectacles or glasses exist, featuring lenses that are colored , polarized or darkened. • Incorporating the latest design, which has massive impact on the overall functioning of the businesssetup.
• There is more choices and demand for new generation.
• It is not a seasonal business.
• There’s a tendency for dumping. • Make people attractive by frames, frames are like jewelry on our face.
2. Course Outcome Addressed:
1. Identify your entrepreneurial traits.
2. Identify business opportunities that suit you. 3. Develop comprehensive business plans. 4. Prepare plans to manage the enterpriseeffectively.
3. Proposed Methodology: Discover a watch company. Witnesses’ first-hand how watch components are made, and more than that, assembles your own watch according your taste. This is what the Swiss Academy is determined to offer all its participants. Two dedicated and highly trained watchmakers will accompany you throughout the entire day.
1 4. Action Plan: Sr. Planned Planned Name of Responsible Details of Activity No. Start date Finish date Student 1 Search the topic 01/02/2023 08/02/2023
2 Discuss about planning of 06/03/2023 06/03/2023
project 3 Search the information 13/03/2023 13/03/2023
4 Collect reference of project Shewalkar Rohini
20/03/2023 20/03/2023 Suryakant 5 Search the information 27/03/2023 27/03/2023 from different resource 6 Check the corrections 03/04/2023 10/04/2023
7 Make the index and 17/04/2023 17/04/2023
certificate of project 8 Finalizing Project with its 24/04/2023 24/04/2023 report
5. Resources Required:
Sr. Name of resource / material Specification Quantity Remarks No. Processor i3,4GB,512GB 1 Computer 1 HDD 2 Operating System WINDOWS 10 1
3 Software Google 1
2 6. Names of Student with Roll No.: Sr. No Enrollment No. Name of Student Roll No.
1. 2010950111 Shewalkar Rohini Suryakant 31
Ms. Tele S.M
Name and Signature of the Teacher
3 Annexure-I
Micro-Project Report
Specs & Sunglasses Business
1.Rationale: In today’s world eyewear business becomes a major business to build. There are many brands are available in market which provide best quality specs & sunglasses to the customer. It's a profitable business. The markup in the optical industry is generally 100%. The most important part of it is making the right purchase from your supplier, as some part of your goods will remain unsold, and your profit depends strictly on the illiquid goods. And India is the largest casual, formal & sunglasses market to start the business. From this project we will gain some business ideas and experience to start a eyewear business. Our project helps us to build some business ideas and strategy for small startups. In future if we want to start a small business then this project helps us to build a small business.
2.Aims/Benefits of the Micro-Project:
Sunglasses or sun glasses (informally called shades) are a form of protective eyewear designed primarily to prevent bright sunlight and high-energy visible light from damaging or discomforting the eyes. They can sometimes also function as a visual aid, as variously termed spectacles or glasses exist, featuring lenses that are colored , polarized or darkened.
Incorporating the latest design, which has massive impact on the overall functioning of the businesssetup. 1) There is more choices and demand for new generation. 2) It is not a seasonal business. 3) There’s a tendency for dumping. 4) Make people attractive by frames, frames are like jewelry on our face.
3.Course Outcomes Achieved:
1. Identify your entrepreneurial traits. 2. Identify business opportunities that suit you.
3. Develop comprehensive business plans.
4. Prepare plans to manage the enterprise effectively.
4 4. Literature Review:
Today, a wristwatch is considered as much of a status symbol as a device to tell time. In
an age when cell phones and digital pagers display tiny quartz clocks, the mechanical wristwatch has slowly become less of an object of function and more a piece of modern culture. Walk into the boardroom of any Fortune 500 company and you are likely to see dozens of prestigious wrist watches, including such names as Rolex, Vacheron Constantine, Frank Muller, Jaeger-Le Coultre, Citizen and even Patek Philippe. However, this was not always the case. Less than 100years ago, no self-respecting gentleman would be caught dead wearing a wristwatch. In those days of yore, real men carried pocket watches, with a gold half-hunter being the preferred status symbol of the time no pun intended.
Vision Business
Craft a vision treatment and enabling mission statements for our Watchbusiness
1.Project five to ten years into the future.
2.Determine your purpose and position aorganization. 3.Describe what success look like in your operations. 4.Consider your company type and structure. 5.Reference your competitors or create an analogy. 6.Describe a measurable goal.
A vision statement should stretch the imagination while providing guidance and clarity. It will inform direction and set priorities while challenging employees to grow. But above all a vision statement must be compelling not just to the high- level executives of your company but to all employees.
1.Project 5 to 10 years I future
2.Dream big and focus success 3.Use the present tense 4.Use clear, concise language 5.Infuse it with passion and it inspiring 6.Align it with your business goals
Vision statements regarding to our watch Business:
Our vision statement is the anchor point of our enterprise. It outlines what an organization would like to ultimately achieve and gives purpose to the existence of the organization. A good vision statement should be short simple specific to your business leave nothing open to interpretat
Our mission statements
5 As a profitable company in the market of watch products. Providing the goods and services of watches that best suits the need of sector market and customer diversity being one of the ensure that the family, employees, customers, suppliers partners and the consumers are happy and proud of it.
Success factors 1) Being steady and planned Be innovative 2) To evaluate market opportunities 3) To create efficiency and speed is processes Being sustainable Principles 4) We are customer and consumer focused We value our properties 5)It is important for us to ensure employee participation
We like to be competitive About business Identifies the business opportunities suitable for our business There are many business opportunities for variety of different industries in our business.
Fulfillment by amazon sales
The fulfillment by amazon program allow sellers of products to market their rules though amazon the largest online retail platform in the world. Professional consulting
Those with an enviable track record in sitting up or helping to grow business have easily transferable skill they can be used to make from home. Listen to your potential clients and post leads
When you’re targeting potential customers listen to their needs, wants, challenges and frustrations with ourindustry.
This will help you to find opportunities to develop more tailored products and services, home your target market and identify and overcome common objections. Listen to yourcustomers
When you are talking to your customers listen what they are saying about yourindustry products and services.
Look at your competitors
Analyzing your competitors to help you identify key business opportunities toexpand your market reach and develop your products and services.
Look at industry and insights
Subscribe to industry publications, join relevant associations, set google alerts for key industry terms and news and follow other experts on social media. 6 Business opportunities and ideas for watch business Changing designs reflecting the changing needs of the Indian consumer. Providing the best watches in reasonable prices. Good Marketing and advertising Types of famous watches to purchase for their design and uses
In the watch industry, marketing and selling are playing a big role, sales have big concern with the profit but marketing of any product of any product in sector is with the need, want and recruitment of with the organization profitably. It means that you haveto work on the strategy which the company is adopting in marketing.
What is the growth potential for a Watch store?
Watches store have a lot of growth potential as local provider because the market for high – fashion Watch is open in a Watch store can even become a multi- national provider if they rare interesting or incredibly reliable Watches. At some point however, watch store owner will need to differentiate themselves from the competitor it pays off to either specialize in particular type of Watch or to offeran incredibly diverse stock.
A SWOT analysis of our Watch business product and services Business overview While a watches store can exist alongside a main department storemost are independent store sell watches.
Who is the business right for?
The Watch business is great for anyone who loves to wear it. Retail experience help as do an appreciation for Watch may find the watch business to be exciting as well. A successful watch store operator will need to be good with pricing. Marketing and management. Prepared a marketing strategy for our Watch product
Before starting your business, you should market a product, it helps to create a buyer to reach with your promotion materials. These are the low cost/ no cost method and you can use different one at different stages of your business cycle, or you may utilize them all at once from your business inception.
When you build business, the first thing you want to secure is customer base. 7 With a decent printer, a phone, and an internet connection device you can put together afairy extensive advertising campaign without having to pay for a space. Following are small business marketing techniques: -
1. Flyers: This is the broadly method of cheap advertising. A flyer is a form of paper advertisement intended for wide distribution and typically posted or distributed in apublic place, handed out to individuals or sent through the mail.
Flyers may be used by individuals, business, not-for-profit organizations or governments
to. Flyers are inexpensive to produce, and they required only distributed door-to-door through the mail, posted on bulletin broads, put under windshield wipers of cars, given away at events or on the street, or affixed to telephone poles, walls, or other surfaces. You find an area that you would like to do business in and you distribute flyer to the mail boxes within reach.
2.Posters: Advertising posters are a common print promotional technique used by small businesses. A poster includes a visual design, images, colours and copy. It provides a message intended to promote brand awareness or call attention to a company event. Relative to other small-business ad opportunities. Everyone in the business world knows the importance of posters and ads in advertising for specific products. Posters arean integral part of advertising.
5 Actual Methodology Followed:
Discover a watch company. Witnesses’ first-hand how watch components are made, and more than that, assembles your own watch according your taste. This is what the Swiss Academy is determined to offer all its participants. Two dedicated and highly trained watchmakers will accompany you throughout the entire day. They will teach
you to assemble your own highly crafted, mechanical, manually wound wrist watch piece by piece. You will then be guided through all final check points such as quality control, regulating precise time keeping, and ensuring the watch is waterproof.
8 6. Actual Resources Used:
Sr. Name of resource Specification Quantity Remarks
No. /material
1 Computer Processor i3,4GB,512GB 1
HDD 2 Operating System WINDOWS 10 1
3 Software Google 1
7. Skill developed / Learning out of this Micro-Project:
There are so many thing that I learn from this project of 1. There are so many thing that we learn from this project of Specs & Sunglasses Business 2. I learn the knowledge of business 3. How to collect the information and how to make the presentation that we learn from this project. 4. I develop my logic implement project report. 5. I learn how to use required as well as correct information. 6. This all thing I learn from this project.
8.Applications of this Micro-Project:
This project helps us to provide information about the watch business. And how to start awatch business or any kind of business infuture.
