Purchasing- Website, programming, servers, water bills, electricity bills, general office supples, rent, bank fees
Production- website, updates, bug fixes.
Personnel- Techinetions, helpline, accounting firm,
Admin- calculating expenses, website use,which people use the website
Marketing- market research, advertising PR- shareholders, stake holders
Financial- accountants, advertising
General Management- Partners
By Jarryd Clark
Wednesday, 25 February 2015
Tuesday, 24 February 2015
A PESTLE Analysis for MinuteMeet.com
P- Political Environment:
The political environment in South Africa promotes businesses and is very stable.
E - Economics
The economic situation of South Africa is not at its best but Globalisation may allow MinuteMeet.com to reach customers around the world. Unemployment rates may also decrease the amount of potential customers for the product.
S - Socio-economic factors
Many people are using the Internet these days and this increases our customer base. Many people, due to poverty may also be u able to access the Internet and use our product.
T- Technology
Technology still uses the Internet and dating websites are still very popular. This indicates that MinuteMeet.com will be successful but we will have to constantly update our hardware and software, which will be expensive
L - Legislation
The business will have to adhere to the strict social media laws of the country, which will ensure the safety of our customers. We will also have to follow the media laws of other countries.
E - Ethical
People may consider video chatting strangers as being wrong and the business will have to deal with this.
by: Matthew Field
The political environment in South Africa promotes businesses and is very stable.
E - Economics
The economic situation of South Africa is not at its best but Globalisation may allow MinuteMeet.com to reach customers around the world. Unemployment rates may also decrease the amount of potential customers for the product.
S - Socio-economic factors
Many people are using the Internet these days and this increases our customer base. Many people, due to poverty may also be u able to access the Internet and use our product.
T- Technology
Technology still uses the Internet and dating websites are still very popular. This indicates that MinuteMeet.com will be successful but we will have to constantly update our hardware and software, which will be expensive
L - Legislation
The business will have to adhere to the strict social media laws of the country, which will ensure the safety of our customers. We will also have to follow the media laws of other countries.
E - Ethical
People may consider video chatting strangers as being wrong and the business will have to deal with this.
by: Matthew Field
Business Policy For MinuteMeet.com
Vision- To connect people around the world in different ways.
Mission- To create long lasting friendships
Goals- Expanding to a bigger business and becoming popular around the world and quality website
Objectives- No bugs popular nationally breaking even first year.
Organizational culture-Democratic leadership, quality product, follow constitution.
Organisational Structure: We will operate on a flat Organisational Structure
By: Jarryd Clark and Matthew Field
Mission- To create long lasting friendships
Goals- Expanding to a bigger business and becoming popular around the world and quality website
Objectives- No bugs popular nationally breaking even first year.
Organizational culture-Democratic leadership, quality product, follow constitution.
Organisational Structure: We will operate on a flat Organisational Structure
By: Jarryd Clark and Matthew Field
SWOT Analysis of Our Business Idea
SWOT Analysis of Our Business Idea
S - The business is a very good idea and is a unique idea that has not been used in an idea that has taken off, so it is still an untapped market.
W - It will need a lot of support to build up the popularity of this business/app.
O - It can form business partnerships with sites that are beneficial to both business sites, eg. Skype.
T - It will be challenged by popular social media.
by: Roché Groenewald
S - The business is a very good idea and is a unique idea that has not been used in an idea that has taken off, so it is still an untapped market.
W - It will need a lot of support to build up the popularity of this business/app.
O - It can form business partnerships with sites that are beneficial to both business sites, eg. Skype.
T - It will be challenged by popular social media.
by: Roché Groenewald
Sunday, 22 February 2015
Our Type of Entrepreneurial Business
Our Type of Entrepreneurial Business
By: Matthew Field
We intend to operate as a Small Entrepreneurial Business. We are a 'start-up' and we will not be able afford to have a permanent premesis. We are too small to be a Medium or Large Entrepreneurial Business and we expect to have too large a turnover to be considered a Home-based Entrepreneurial Business, a Survivalist Entrepreneurial Business or a Micro Entrepreneurial Business. We may also temporarily employ additional help.
By: Matthew Field
We intend to operate as a Small Entrepreneurial Business. We are a 'start-up' and we will not be able afford to have a permanent premesis. We are too small to be a Medium or Large Entrepreneurial Business and we expect to have too large a turnover to be considered a Home-based Entrepreneurial Business, a Survivalist Entrepreneurial Business or a Micro Entrepreneurial Business. We may also temporarily employ additional help.
Saturday, 21 February 2015
A Porter's Five Forces Model on MinuteMeet
The Porter's Five Forces Model
by: Matthew Field
The purpose of this Porter's Five Forces Model is to analyse the industry in which MinuteMeet operates in.
The Level of Rivalry In The Market:
There is a large amount of rivalry in the market of social media. Many businesses, such as dating websites, have similar products and they are all located in the same place, the internet. The products are all similar because they seek to bring people together. Some of MinuteMeet's compettitors have grown so large that they lack the need not advertise.
Availability of Substitute Products:
There is a substantial amount of substitute products that are similar to MinuteMeet's product. These include multiple dating websites.
The Threat of New Entrants To The Market:
There is a large threat of new entrants into the social media market because many businesses in this industry have lost their market share to new businesses and this is a recurring effect.
The Power of Suppliers:
The suppliers are dominant in the relationship between the business and its suppliers. This is because MinuteMeet is a small business and therefore cannot properly influence the terms of buying software and domain names etc.
The Power of Buyers:
The buyers have substantial control in the buying of MinuteMeet's product because there are many other alternative products for them to use and this gives the consumer leverage over MinuteMeet.
Conclusion:
MinuteMeet operates in a very high risk industry because there is a large level of rivalry in the market; there are many substitute products available; there is a substantial threat of new entrants into the market and the suppliers and buyers are very powerful.
by: Matthew Field
The purpose of this Porter's Five Forces Model is to analyse the industry in which MinuteMeet operates in.
The Level of Rivalry In The Market:
There is a large amount of rivalry in the market of social media. Many businesses, such as dating websites, have similar products and they are all located in the same place, the internet. The products are all similar because they seek to bring people together. Some of MinuteMeet's compettitors have grown so large that they lack the need not advertise.
Availability of Substitute Products:
There is a substantial amount of substitute products that are similar to MinuteMeet's product. These include multiple dating websites.
The Threat of New Entrants To The Market:
There is a large threat of new entrants into the social media market because many businesses in this industry have lost their market share to new businesses and this is a recurring effect.
The Power of Suppliers:
The suppliers are dominant in the relationship between the business and its suppliers. This is because MinuteMeet is a small business and therefore cannot properly influence the terms of buying software and domain names etc.
The Power of Buyers:
The buyers have substantial control in the buying of MinuteMeet's product because there are many other alternative products for them to use and this gives the consumer leverage over MinuteMeet.
Conclusion:
MinuteMeet operates in a very high risk industry because there is a large level of rivalry in the market; there are many substitute products available; there is a substantial threat of new entrants into the market and the suppliers and buyers are very powerful.
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