Bizgenius

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SHORT LISTED IDEAS

- Professional Training Institute

- Mobile Food Shop

- Freight Forwarding Business

- Online Event Management

- Garments outlet

- Consultancy Services

IDEA FOR BUSINESS ASSIGNED BY INSTRUCTOR:

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Educational Website/Blog

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BUSINESS IDEA: EDUCATIONAL WEBSITE/ BLOG[pic 31][pic 32]

(E-Learning)

We are going to launch a website for students who are dealing with business studies. The website aims to educate students about the subjects related to business and administration studies. Our product for target market will be articles related top academic topics, however we are going to add marketplace on our website where video courses of specific subjects and topics will be available for students at very reasonable cost. Our aim is to provide quality content at affordable prices by keeping in mind that price should be affordable for student.

We are also offering a platform for Teachers or Instructors on our website to teach the students online by uploading their courses on our website. It’s simple, teacher uploads the course and if student find it useful, he/she will enroll in to that course for a very reasonable price.

Articles will be publish on the blog to get the traffic from search engines and if students find value in them they will going to visit our marketplace to purchase a course relevant to article or their field of study.

CORE COMPETENCY

Providing a platform of;

Learning for students of business administration Coaching the students and selling the courses for teachers

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EVOLUTION OF THE E-LEARNING INDUSTRY[pic 33][pic 34]

During the early years of the development of the eLearning industry, the corporate and high education markets developed simultaneously but mostly independently. The systems, needs assessments, and solutions developed for one were not considered or shared by the other. This resulted in much needless duplication. While the corporate and higher education training needs are not identical there is certainly much commonality that can be leveraged. As the eLearning industry has matured this duplication of effort has been reduced. By late 1999 many eLearning companies started to cross the corporate/higher education barrier.

Traditional eLearning offerings are typically characterized by long, expense development cycles and rigid formats and processes. Many higher education clients and several large corporate markets require lean, flexible solutions with a heavy emphasis on automated certification that must be deployable quickly and without highly skilled technical resources or comprehensive infrastructure. Consequently, the market can be viewed as moving through several evolutionary changes based in large part on technology progression and the need for speed, content ownership, cost, flexibility, and business benefits (education and corporate) of eLearning solutions. Journal of Business Case Studies – February 2008 Volume 4, Number 2

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FEASIBILITY ANALYSIS OF E-LEARNING INDUSTRY[pic 35][pic 36][pic 37]

:: Industry Attractiveness ::

Online learning, also known as e-learning, is booming. Market research firm Global Industry Analysts projects it will reach $107 Billion in 2015. More traditional methods of training or education are not going away, not yet, but organizations of all types, from public schools to corporations, are opting to train and inform via the web. Countless reports, surveys, and studies have shown that eLearning industry isn't showing any signs of slowing down. In fact, an increasing number of individuals, corporations, and institutions are turning to eLearning as they recognize its effectiveness and its convenience. Here are some important eLearning statistics and facts for 2015, some of which may even surprise you!

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The Global eLearning Industry Market

The global eLearning Market is expected to reach $107 billion by 2015. The global self- paced eLearning market reached $32.1 billion in revenue in 2010 [3], with a five year compound annual growth rate of approximately 9.2%. This means that the self-paced eLearning market should see estimated revenues of $49.9 billion in 2015.

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Top 10 Growth Rates By Region

Growth rate shows how each country adopts eLearning and is a significant indicator since it can reveal revenue opportunities. The growth rate of self-paced eLearning by country is:

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Learning Management System Market[pic 38]

The LMS market was worth $2.55 billion in 2013 with an estimated compound annual growth rate of approximately 25.2%. In other words, the LMS market is expected to worth approximately $4 billion in 2015 and over $7 billion in 2018. The highest proportion of revenue contribution is expected to be generated in North America.

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Mobile Learning Market

The worldwide market for Mobile Learning products and services reached $5.3 billion in 2012. With a compound annual growth rate of 18.2% for the next five years, it is estimated that the worldwide mobile learning market in 2015 will reach $8.7 billion and it will even reach $12.2 billion by 2017. It is worth to note that while in 2012 the top buyers of mobile learning products and services where US, Japan, South Korea, China,