Entrepreneurship Within The Cleaning Industry

When he was a sophomore in high school, Barry Minkow founded a carpet cleaning company - ZZZZ Best Company in his parents’ garage. At that time, the carpet cleaning industry has few entry barriers and all Minkow needed was a small amount of start-up capital. However, he soon found out that his firm was actually tough to survive in the industry as the ease of entry means fierce competition. The young man encountered a series of trouble: bad checks, complaints from customers, urge for payment from suppliers and finally the shortage of working capital. Not surprisingly, the bank refused to loan money to his low profit margin company.

Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood.

Slowly he became market leader for that product. Entrepreneurship has been defined by several researchers as the progression of making a product or service valuable by gathering a distinctive set of resources and opportunities. This procedure comprises the set of accomplishments to recognise opportunities, business classification, evaluation and obtaining the essential resources, management and getting positive results. Furthermore, entrepreneurship has been seen as an organizational coordination that underlines the three extents: innovation, taking calculated risks and proactive orientation. There are many indications to provision the idea that the businesses which were engaged in entrepreneurial practices have been most effective and successful (Hills, Hultman & Miles, 2008).

The following is an overview of factors that may have an impact on the introduction and future sales of the Tub-Scrubbie. In the cleaning product market, consumers are always looking for a new and innovative way to take the work out of their daily house cleaning chores.

-During discussion, the teacher will gauge how the students are following along with the “Shark Tank” Presentation.

Entrepreneurship is often associated with clean suits and ties, but there

According to The Fredonia Group (2003), “US commercial and residential cleaning service sales are forecast to grow 5.3 percent annually through 2011.” This combined with the fact that the baby boomer generation will enter the retirement phase of their lives creates a unique opportunity. Labor Statistics (BLS) projects a labor force of 162.3 million individuals in 2012 and expects that

The target market for the new Dyson vacuum cleaner will be directed toward Brand Lovers,” technologically stimulated communities, medium to high-income households, women, and people who are concerned about improving the quality of air, dust, and allergen removal. However, Dyson must strive to attract new markets with its technological brand, focus on efficiency, powerful performance, modern design, and productivity to individuals outside of these groups, and to small carpet cleaning businesses within the commercial industry.

Firstly, the survey carried out has disclosed the preferences of customers on the type of cleaning services they prefer, the frequency and how it should be performed. The involvement and willingness of the target customers to offer suggestions indicates the vacuum that the company seeks to occupy through provision of services that enable customers to participate remotely in the cleaning

Our cleaning service does more than just basic cleaning. We offer a variety of cleaning services that include

ServiceMaster Clean believes not only in empowering people, but also in enabling them to succeed. By giving you the tools and training to develop, we increase your productivity and earnings, and enhance your dignity, self-respect, and worth.

- One who creates a new business in the face of risk and uncertainty for

The aim of this report is to analyse the current business issue Cleaners & Co is faced with and address the leading and planning functions of management. In this case, the issue in question has become apparent following the new appointment of CEO. Whilst Cleaners & Co’s profitability has seen a favourable increase in the last 12 months, many of the changes have not been met with the agreement of senior management. Often changes to a business can result in disagreements, resulting in a serious impact upon the employee’s work ethic, motivation and job satisfaction (). However, when employees are happy in the workplace, this can have positive benefits for the business and its profit. This report will provide recommendations and the suggested course of action for Cleaners & Co to take in order to successfully solve this issue.

Thesis Statement: The economy is for ever changing toward what has control of demands, the environment of entrepreneurship is high on the charts, however the small business are surviving equally with the large businesses.

2.2. Entrepreneurship - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5~6