Investigating Entrepreneurial Opportunities of business that focuses Essay

Investigating Entrepreneurial Opportunities of business that focuses main on setting up swimming pools and fountains in the gardens of houses - Essay Example This research will begin with the statement that in the recent year, the American construction industry has developed in a very drastic way. Nonetheless, there are very few construction companies that have specialized in setting up swimming pools and fountains in the gardens of houses. The few companies that are doing this have dominated the business giving room to monopoly. The problem with monopoly is that the people in business are able to control the business for lack of competition. According to Grant monopoly disadvantages, the consumer in many ways but mostly is the fact that they have no options to choose from and hence are vulnerable to manipulation and exploitation from the monopolists. Many at times they are forced to pay high rates and prices. This is because the consumers need the services or the product but are limited to choice. This is regardless of whether the product and services are of the right quality. The above situation is the reason why the researchers decided to start a business that focuses mainly on setting up swimming pools and fountains in the gardens of houses. Every American home is now embarking on setting up swimming pools in their backyard or at least a fountain. New homes and those that have been constructed before are all seeking to have an extra facility that will make the house more self-sustained and reliant. Apart from home, new markets like hotels and resort centers are very attractive since clients want to go to places that can meet their leisure needs. Combining these two potential markets the business is guaranteed to succeed and make profits. There are other opportunities related to the same like cleaning and maintaining of the swimming pools and springs. The researchers intend to specialize in this area also in order to guarantee our clients a complete package that will run even after the installation or set up of the pool or spring. By specializing in this business, it means that even construction companies that do not set up swimming pools and fountains will be seeking to give our business sub-contracts in order to satisfy their clients. Likewise, individual homeowners will be seeking our services when the construction companies they are working with are not able to facilitate this service. For a start, such a business will need a trained team that will work on commission for every work done. A training program will also be put in place for new employees in order to make sure that they are working within our standards.