Describe your own business

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Describe your own business by Mind Map: Describe your own business

1. 3.preparation and planning

1.1. Take the time to research some product groups and models that we will be doing business in

1.2. Find reputable order units and reasonable prices, compare prices between shops before deciding to go with a shop.

1.3. Planning to import goods and handle inventory

1.4. Reserve capital to import goods when starting to bring products to market

1.5. Proceed to contact the transport company that ship Chinese goods to Vietnam

2. 4.potential customer

2.1. Our local brand clothes are suitable for everyone, but the potential customers of us will be the teenagers. The teenagers always want to show off themselves much more than the others, so that they will buy a lot of fascinating clothes to change themselves every single day.

3. 5.difference between your product

3.1. Absolutely, there are many similarities between us and the other businesses,

3.1.1. but the unique thing about us is that we use the neighbour country’s goods, which have many brands to choose from.

3.1.2. We have the great marketing team that no one else has.

3.1.3. Last but the least, we are proud of our unique products.

4. 7.Do you like running your own business?

4.1. I am very excited about my business, because:

4.1.1. It is a job that I love, and it brings me new challenges and sources of income.

4.1.2. Help provide our local brand products to more customers, especially young people.

4.1.3. Provide the market with more diversified products.

5. 1.Our business will be an online shop that receives orders of some kind of product from famous local brands of China.

6. 2.Idea

6.1. Nowadays, shopping online is a trend not only for Vietnam but also lots of countries such as our neighbor-China. China has many local brands which are good in both quality and price. So we have got this idea because many people want to buy them but they don’t know how to order by themselves.

7. 6.advantage and disadvantages

7.1. advantages

7.1.1. Self-employed: You can make your own decisions, control your own time.

7.1.2. Freedom - creativity: flexible work, no work pressure

7.1.3. Recruitment of employees: can recruit freelance employees

7.2. disadvantages

7.2.1. Competitors: are major domestic e-commerce platforms

7.2.2. Competitors: are major domestic e-commerce platforms

7.2.3. No work-life balance: because the work depends on the people who place the order, it has to work all day (day, night and weekend)

8. GROUP 5

8.1. Nguyễn Trung Hiếu

8.2. Đặng Quang Huy

8.3. Lê Thị Mỹ Duyên

8.4. Đặng Vũ Anh Thư

8.5. Nguyễn Trọng An