Developing New Venture for an Entrepreneur Essay

Developing New Venture for an Entrepreneur - Essay Example Reflective learning enables use to learn from the past experience and improve upon that. While an entrepreneur exploits opportunities, a good entrepreneur creates opportunities innovatively. The success of Hinna Azeem in the jewellery brand is a proof of her reflective entrepreneurial skills. Introduction A few years ago Hinna Azeem was a young girl living a hectic life in London. She happened to have a passion for Gems and Jewellery. She turned to be more enthusiastic as she became familiar with it. She cherished the dream of becoming a jewellery designer and she took up the evening class to learn jewellery making and designing at St.Martin’s Collage of Art and Designing. Hinna’s dream rolled out as jewellery brand in the year 2000. It took more than two years to stabilize the business through a steady growth. Her passion for designing jewellery got better with her travelling experiences around the world including the gemstone rich areas of Africa, Asia and South Ameri ca. Her professionalism and personal inclination to stones helped her to make unique and versatile designs. While it was designed to be stylish to enhance the beauty of women, she aimed to make those available at affordable prices. She promoted on the view of making a women look complete with perfect set of jewellery. The timeless designs of H. Azeem, along with affordable price tags, soon captured the attention of the masses and the brand became very popular. Steadily climbing up in the graph the company turned out to be profitable in less than two years. Her production was outsourced to suppliers in the far off countries with the objectives of cheap labour and availability of materials. Though she had gained the potential to turn her brand into an icon of fashion, using tactics like outsourcing and so on, she kept the public trust by maintaining low prices. Having achieved tremendous success in the business, Now, H. Azeem plans to enter into the category of men’s jewellery. As it enhances the market for the business, she provides an excellent customer service department with an effective network of after sale service. She outsourcers to retailers for sale and now the firm also have an online portal for sale. These could be termed as the strategic and technical skills she adapted to remain unique in the market. Being young and intelligent, she has been acknowledged as one of the outstanding entrepreneurs. She has now been recognised by scholars and news makers as an innovative, successful proprietor. Report The following is the report of our group. As we kept on moving about fulfilling the task requirements, each one of us was challenged with problems and difficulties. This report, however, formatted individually, enables one to analyse how every one had completed the assigned task in connection with our reflective learning outcomes. At the end of the individual report is the conclusion which is the group’s overview. Individual 1 An entrepreneur is the one who look forward to exploiting opportunities to maximum