Business Principles (3)

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Centennial College *

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00 2020

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Feb 20, 2024

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Assignment # 2 Business Plan Project Assignment (Topic Approval) Group No. 5 PMGT 706 - Business Principles (004) November 6, 2022 Submitted By Student Name Student No. Abuhalimeh, Anas Basheer Taha 301264960 Khan, Zaheer Ahmad 301265355 Nemili Srinivasan, Devraswanth 301273777 Olansebe, Bunmi 301112741 Patra, Druvith 301200408 (order should follow the order in assignment, by group preference of proposals)

Title of Business: Smart Home Services Name: Zaheer Ahmad Khan Student # 301265355 Business Location: Greater Toronto Area Preference: 1 1) Identify three different target markets and their needs Market Need 1 Dwelling ( 2.3 Million) Security, Surveillance and Home comfort products 2 Business Offices ( 215,336) Network, Security and Surveillance, Office comfort products 3 Educational Institutes ( 583) Network and Security Systems 2) Identify products and/or services that your company may be offering for each market Market (same as above) Product or Service 1 Dwelling ( 2.3 Million) Security Cameras, Nest Smart Doorbell, Digital Thermostat, Google Wifi, Google Home mini, High Efficiency Water Heater, Home Water Filtration 2 Business Offices ( 215,336) Security Cameras, Nest Smart Doorbell, Digital Thermostat, Google Wifi, Google Home mini, High Efficiency Air Cleaner, High Efficiency Air Conditioner 3 Educational Institutes ( 583) Motion Floodlight Cameras, Security Alarm System, Smart Lock, High Efficiency Air Cleaner, High Efficiency Air Conditioner, High Efficient Water Filtration Plant 3) Determine the competition for each of your target markets Market (same as above) Competition (Toronto based) 1 Dwelling ( 2.3 Million) Simply Smart Home 2 Business Offices ( 215,336) Smart Homes Pro 3 Educational Institutes ( 583) Smart Home Automation Systems and Technology Title of Business: Online Farmers Marketplace (MapleFarmers.com)

Name: Bunmi Olansebe Student #: 301112741 Business Location: Toronto, Ontario Preference: 2 1) Identify three different target markets and their needs Market Need 1 Consumers 25 – 80 (9.5million) Buy fresh food directly from farmers 2 Farmers in Ontario Sell farm fresh produce 3 Agric-Businesses Advertise farm services 2) Identify products and/or services that your company may be offering for each market Market (same as above) Product or Service 1 Consumers 25 – 80 (9.5 million) Buy Fresh Farm food 2 Farmers in Ontario (51,950) Sell a variety of quality local organic products, fresh baked goods, home preserves and unique crafts 3 Agric-Businesses Lease farm inputs, Advertise farm service (jobs, training, seminars, event) 3) Determine the competition for each of your target markets Market (same as above) Competition (Toronto based) 1 Consumers 25 – 80 (9.5million) https://www.clickfork.ca/ 2 Farmers in Ontario (51,950) https://www.cookstowngreens.com/site/home 3 Agric-Businesses https://modernfarmer.com/ Title of Business: Brain-Techz Learning App

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Name: DRUVITH PATRA Student # 301200408 Business Location: Toronto Preference: 3 1) Identify three different target markets and their needs Market Need 1 Educational Institution(Group of people) (583) Industrial oriented curriculums and integrated teaching techniques. 2 Students(246,000) Easy method of learning, mock exams and result oriented training. 3 Tutors(9380) They can get the questions to train their students, integrated teaching techniques. 2) Identify products and/or services that your company may be offering for each market Market (same as above) Product or Service 1 Educational Institution(583) Recorded classes, peer to peer classes, Online textbooks 2 Students(246,000) Recorded classes, peer to peer classes, Online textbooks, questionnaires, practice tests 3 Tutors(9380) Recorded classes, peer to peer classes, Online textbooks, College or University oriented curriculums. 3) Determine the competition for each of your target markets Market (same as above) Competition (Toronto based) 1 Educational Institution(583) Edcast ( https://www.edcast.com/ ) 2 Students(246,000) Myschool ( https://www.trymyschool.com/ ) 3 Tutors(9380) Trivie ( https://www.trivie.com/ ) T itle of Business: Michael Scott Wedding & Event planners Name: Devraswanth Nemili Srinivasan

Student # : 301273777 Business Location: Toronto Preference: 4 1) Identify three different target markets and their needs Market Need 1 Social According to Ontario’s data catalog an average of 50,000 registered weddings happened in the year 2021. Toronto is one of the most diverse countries in the world, almost half of the population (46.6%) are or have been landed immigrants and permanent residents, which opens a lot of traditional wedding and social event opportunities. 2 Corporate ● In 2019, meetings in Toronto had a record-breaking $1.24 billion in economic impact. ● The city’s thriving Events business continues to be a major contributing factor in the overall visitor economy. ● The city hosted 1,124 gatherings in 2019, and 574,000 delegates attended the meetings, conferences, and festivities. These gatherings include 19 citywide conventions and 116 events with more than 1,000 delegates. ● This shows there is a great market for event planning 3 Cultural ● According to recent statistics, The City of Toronto financed more than 30,000 cultural events in 2017, and more than 17 million attended those events. ● Toronto has 5 large malls and multiple shopping centers, most of these malls and centers conduct/decorate multiple events for different festivals not limited to one country since half of the population are immigrants and PR’s. 2) Identify products and/or services that your company may be offering for each market Market (same as above) Product or Service 1 Social Multiple services can be offered which includes, ● Weddings ● Bachelor Parties ● Birthday Parties ● Family Parties 2 Corporate Corporate events are subjective, the predominant ones are

● International Conferences ● Conventions ● Office camps/retreats ● Trade shows ● Awards/Appreciation ceremonies ● Marathons and other athletic/sport events 3 Cultural Cultural events are seasonal, and they differ from place to place, the common ones are ● Christmas ● Diwali ● Halloween ● Lunar New Year ● Dragon-Ball ● Hangawi Festival Downtown Toronto celebrates multiple cultural events from different countries from time to time. 3) Determine the competition for each of your target markets Market (same as above) Competition (Toronto based) 1 Social Blush & Bowties site 2 Corporate event2event site 3 Cultural Toronto Event Planning site Title of Business: Contracting Company For Renovation & Landscape. ( Service company ) Name: Anas Basheer Abuhalimeh Student # 301264960 Business Location: Toronto Preference: 5 1) Identify three different target markets and their needs Market Need 1 Houses Canada home renovation sector(defined as the sum of residential alterations, improvements, conversions and repairs)

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was estimated at $70.1 billion , almost $20.0 billion more than the new home building segment. • Home renovation market in Canada represented nearly 58% of the total residential construction spending in 2015 • Looking ahead, stronger growth in renovation spending is expected 2 Shops Toronto is overcrowded with old shops that need maintenance and renovation because the buildings are also old after the economic downturn in 2008. Shops started renovating their stores instead of opening other branches for them. Also, people started looking for the cheapest shops to buy instead of the most expensive ones. 3 Towers High buildings need permanent maintenance, and here we are looking to make contracts with them in order to maintain them over the period in terms of modernization.. The buildings need maintenance because Torono from a distance is one of the crowded places and its buildings need maintenance. 2) Identify products and/or services that your company may be offering for each market Market (same as above) Product or Service 1 Houses Renovation and landscaping ● Panting ● Tails ● Furniture ● Interlock ● Kitchen ● Bath ● Bed room ● Landscaping ● Electrical work ● Mechanical work 2 shope Renovation ● New design

● Furniturs ● Machines ● Equipment depend on type of work 3 Towers Renovation for rooms and preparing ● Panting ● Tails ● Furniture ● Interlock ● Kitchen ● Bath ● Bed room ● Electrical work ● Mechanical work 3) Determine the competition for each of your target markets Market (same as above) Competition (Toronto based) 1 Houses CSG Renovation Toronto 2 Shope Scavolini 3 Towers Level Renovation References Proposal 1 Proposal 2 Ontario Demographic Quarterly: Highlights of first quarter https://www.ontario.ca/page/ontario-demographic-quarterly-highlights-first-quarter Canada Population

https://canadapopulation.org/ontario-population/ Proposal 3 : Walls, P. (2022, October 20). {{ num }} Security Training Business Success Stories [{{ current_year }}] . https://www.starterstory.com/ideas/security-training-business/success- stories Proposal 4 : https://www.cbc.ca/news/canada/thunder-bay/ontario-wedding-season-business-recovery-covid- 19-1.6548372 https://businessevents.destinationcanada.com/blog/editors-pick/toronto-sets-new-record https://torontofoundation.ca/fallout-report-arts-culture-and-recreation/ Proposal 5 https://www.innoviusresearch.com/samples/market-intelligence/Canadian-Home-Renovation- Ma rket_Sample.pdf http://levelrenovation.com/ https://www.scavolinitoronto.com/ https://csgrenovation.ca/

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