Christopher Easby has been considering whether or not he should take on his new business venture...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Christopher Easby has been considering whether or not he should take on his new business venture of a Graphic Designer. Christopher has recently moved to Calgary AB after finishing his business marketing diploma in his hometown of Vancouver BC. During high school Christopher took part in the graphic design club where they created logos for high school events, and in his college career he continued this practice by helping the student association with their marketing material design. While bored working a late shift at the bowling alley, Christopher was flipping through the local Chamber of Commerce flyer and noticed how dated many of local businesses' logos were. He thought there may be a good opportunity to cater to this perceived forgotten market of graphic design. After some research Christopher found some information (below). Christopher contacted several friends and family from back home and asked how often their companies refreshed their logo and marketing material. He discovered that companies back home in Vancouver usually updated their materials every 5 years. Additionally, Christopher reviewed the Chamber of Commerce website and found that there were 6,210 businesses in Calgary and surrounding area. Also, he was able to identify at least 44 companies who offered graphic design services in the area. Do you believe Christopher would be a good choice for a small business owner? What is the market potential and earning potential for Christopher's business? Do you believe he should take on this small business venture, why or why not? Population: 1,200,000 Average Logo Commissioning Price: $1,200 Christopher Easby has been considering whether or not he should take on his new business venture of a Graphic Designer. Christopher has recently moved to Abbotsford BC after finishing his business marketing diploma in his home town of vancouver BC. During high school Christopher took part in the graphic design club where they created logos for his high school's events, and in his college career he continued this practice by helping the student association with their marketing material design. . I While bored working a late shift at the bowling alley, Christopher was flipping through the local Chamber of Commerce flyer and noticed how dated many of local businesses' logos were. He thought there may be a good opportunity to cater to this perceived forgotten market of graphic design. After some research Christopher found some information (below). Christopher contacted several friends from back home and asked how often their companies refreshed their logo and marketing material. He discovered that companies back home in Vancouver usually updated their materials every 5 years. Additionally, Christopher reviewed the Chamber of Commerce website and found that there were 3,553 businesses in Abbotsford and surrounding area. Also, he was able to identify at least 12 companies who offered graphic design services in the area. Do you believe Christobner would be a good choice for a small business owner? What is the market potential and earning potential for Christopher's business? Do you believe he should take on this small business venture, why or why not? Population of Abbotsford: 141.500 . Individuals homes in Abbotsford 43.225 Stats Canada: Profit Margins for graphic designers 32% Average cost for logo/marketing design: $3000 Christopher Easby has been considering whether or not he should take on his new business venture of a Graphic Designer. Christopher has recently moved to Calgary AB after finishing his business marketing diploma in his hometown of Vancouver BC. During high school Christopher took part in the graphic design club where they created logos for high school events, and in his college career he continued this practice by helping the student association with their marketing material design. While bored working a late shift at the bowling alley, Christopher was flipping through the local Chamber of Commerce flyer and noticed how dated many of local businesses' logos were. He thought there may be a good opportunity to cater to this perceived forgotten market of graphic design. After some research Christopher found some information (below). Christopher contacted several friends and family from back home and asked how often their companies refreshed their logo and marketing material. He discovered that companies back home in Vancouver usually updated their materials every 5 years. Additionally, Christopher reviewed the Chamber of Commerce website and found that there were 6,210 businesses in Calgary and surrounding area. Also, he was able to identify at least 44 companies who offered graphic design services in the area. Do you believe Christopher would be a good choice for a small business owner? What is the market potential and earning potential for Christopher's business? Do you believe he should take on this small business venture, why or why not? Population: 1,200,000 Average Logo Commissioning Price: $1,200 Christopher Easby has been considering whether or not he should take on his new business venture of a Graphic Designer. Christopher has recently moved to Abbotsford BC after finishing his business marketing diploma in his home town of vancouver BC. During high school Christopher took part in the graphic design club where they created logos for his high school's events, and in his college career he continued this practice by helping the student association with their marketing material design. . I While bored working a late shift at the bowling alley, Christopher was flipping through the local Chamber of Commerce flyer and noticed how dated many of local businesses' logos were. He thought there may be a good opportunity to cater to this perceived forgotten market of graphic design. After some research Christopher found some information (below). Christopher contacted several friends from back home and asked how often their companies refreshed their logo and marketing material. He discovered that companies back home in Vancouver usually updated their materials every 5 years. Additionally, Christopher reviewed the Chamber of Commerce website and found that there were 3,553 businesses in Abbotsford and surrounding area. Also, he was able to identify at least 12 companies who offered graphic design services in the area. Do you believe Christobner would be a good choice for a small business owner? What is the market potential and earning potential for Christopher's business? Do you believe he should take on this small business venture, why or why not? Population of Abbotsford: 141.500 . Individuals homes in Abbotsford 43.225 Stats Canada: Profit Margins for graphic designers 32% Average cost for logo/marketing design: $3000
Expert Answer:
Answer rating: 100% (QA)
Based on the information provided Christopher appears to have a background in graphic design and has ... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
The management of Natural Remedies has been considering whether or not to accept a one-off contract. The customer is offering a price of $10,500,000 for painting services. The painter has indicated...
-
The directors of Darlene Fabrik are considering whether or not to start up a new production process. The process would use a machine that is no longer required for the purpose for which it was...
-
A company is considering whether or not to buy cybersecurity insurance or not, and also whether or not to hire additional cybersecurity experts to harden their systems. An insurance policy that...
-
An object is placed on the principal axis of a concave mirror of focal length 10 cm at a distance of 80 cm from the pole. Find the position and the nature of the image.
-
Felix & Co. reports the following information about its sales and cost of sales. Draw an estimated line of cost behavior using a scatter diagram, and compute fixed costs and variable costs per unit...
-
A piece of production equipment is to be replaced immediately because it no longer meets quality requirements for the end product. The two best alternatives are a used piece of equipment (E1) and a...
-
Redesign and implementation of accounting and reporting systems to incorporate environmental and ecological considerations faces a number of practical considerations. List and rank four of these...
-
Titan Networking became a public company through an IPO (initial public offering) two weeks ago. You are looking forward to the challenges of being assistant controller for a publicly owned...
-
RLC LiRLC Limited had a large allowable capital loss of $77,625 on one transaction during its current taxation year ended December 31. In addition, the following information pertains to its situation...
-
You have just been hired as a management trainee by Toronto-based Capri Fashions Inc., u nationwide distributor of designer Caps. The company has exclusive distribution of the Caps, and sales have...
-
I am having a challenging time coming up with a response to Post 1 and Post 2 (Separate paragraphs) based on the following criteria. Please note these are two different posts which need separate...
-
On March 31, 2024, Canseco Plumbing Fixtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the...
-
A new mobile app development company is assessing its competition. How would they conduct a SWOT analysis, and what key points should be included in their business plan to address potential...
-
Let f(x)=-53+4. Evaluate f(-1) without using a calculator. Do not include 'f(-1)='in your answer.
-
Mason Company provided the following data for this year: Sales $ 6 5 4 , 0 0 0 Direct labor cost $ 8 9 , 0 0 0 Raw material purchases $ 1 3 9 , 0 0 0 Selling expenses $ 1 0 9 , 0 0 0 Administrative...
-
Explain Effective listening and nonverbal techniques which are important in achieving successful professional and interpersonal communications in supply chain. write website links too.
-
26. What is the output force of piston B in question number 25? 27. If piston A, in question number 25, produces a force of 20,000 lbs. what is its area? 28. In question number 25, what is the...
-
Write the statement to store the contents of the txtAge control in an Integer variable named intAge.
-
Given the income statement for the MLC (Table 4-7) and balance sheet (Table 4-4), answer the following: a. Calculate the following ratios for 2013: operating profit margin, net profit margin,...
-
Given the balance sheet for Moderately Large Corporation (Table 4-4) answer the following: a. For each year calculate the following ratios: current, quick, debt-to-asset and debt-to-equity. b. In a...
-
Compare cumulative, convertible, and callable preferred stock.
-
Consider a bivariate time series \(\boldsymbol{z}_{t}\), where \(z_{1 t}\) is the change in monthly U.S. treasury bills with maturity 3 months and \(z_{2 t}\) is the inflation rate, in percentage, of...
-
Consider the growth rates, in percentages, of the quarterly real GDP of United Kingdom, Canada, and the United States used in the chapter. Fit a VAR(4) model to the series, simplify the model by...
-
Consider the U.S. quarterly gross private saving (GPSAVE) and gross private domestic investment (GPDI) from first quarter of 1947 to the third quarter of 2012. The data are from the Federal Reserve...
Study smarter with the SolutionInn App