1,919
19
Review, 2 pages (300 words)

Entrepreneurship 320

Entrepreneurship The story the North Shore Soap Factory began when Jerry Driscoll and Debora were issued some local natural soap by an organic chemist. They natural soap sparked a business empire within their minds. The two bought the soap business that was small at the time of acquisition. They realized the importance of natural soap in the North Shore. The natural soap was to compete with other “ commercial soaps” within the region. The small business evolved and the Hawaiian Bath and Body products were established. Business operations shifted from their house to a complete factory that was later named, “ North Shore Soap Factory.” Market gaps were identified, and the products were designed to capture prospective consumers. A spa inspired boutique was established. Product differentiation was undertaken after more original recipes were established. The two founders of the North Shore Soap Factory attribute their success story to the following reasons;
The factory operations comprise of “ old-fashioned” methods of making soap, and
The ingredients used are of high quality; hence making the difference.
Richard Schmelzer realized a potential business empire from an idea generated by his wife Sheri and their kids. The idea relied on decorating shoes with rhinestones and clay charms. Sheri Schmelzer is a witness that entrepreneurial skills can sprout from creativity, timing, and patience. Rich took the business idea and created Jibbitz. The company specializes on producing accessories for Crocs shoes. He attributes the success to timing. His business was defined by the ability to capitalize on ideas no matter how small they appear. Entrepreneurial skills do not necessarily arise from strong business ideas, ideas as small as those of Rich’s wife and kids bear potential success. Jibbitz success story revolves around the spheres of capitalizing on potential business ideas and establishing the appropriate time to capture the existing market trends (Hutt p 34).
Reference
Hutt, Roger W.. Entreprenurship: starting your own business. Cincinnati, Ohio: South-Western
Pub. Co., 2007. Print.

Thank's for Your Vote!
Entrepreneurship 320. Page 1
Entrepreneurship 320. Page 2
Entrepreneurship 320. Page 3

This work, titled "Entrepreneurship 320" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Review

References

AssignBuster. (2022) 'Entrepreneurship 320'. 23 September.

Reference

AssignBuster. (2022, September 23). Entrepreneurship 320. Retrieved from https://assignbuster.com/entrepreneurship-320/

References

AssignBuster. 2022. "Entrepreneurship 320." September 23, 2022. https://assignbuster.com/entrepreneurship-320/.

1. AssignBuster. "Entrepreneurship 320." September 23, 2022. https://assignbuster.com/entrepreneurship-320/.


Bibliography


AssignBuster. "Entrepreneurship 320." September 23, 2022. https://assignbuster.com/entrepreneurship-320/.

Work Cited

"Entrepreneurship 320." AssignBuster, 23 Sept. 2022, assignbuster.com/entrepreneurship-320/.

Get in Touch

Please, let us know if you have any ideas on improving Entrepreneurship 320, or our service. We will be happy to hear what you think: [email protected]