1. Financial Bliss Porter’s Five Forces and porter’s value chain
Ent Entrepreneurial Creation
By: Kimille miller

2. Porter’s five forces

3. Competition rivalry Size of firms Number of firms
Decent amount of competition
Customer loyalty

4. Threat of new entry Computers
Inexpensive to become part of the industry
New entry is somewhat easy
Same need

5. Power of buyers
Control over price
Number of buyers

6. Power of suppliers
Few suppliers
Similar services
Control over price

7. Threat of substitutes
Cost advantage
Brand loyalty
Expenditures

8. Porter’s value chain

9. Differentiation advantage value chain

10. Primary activities
Inbound Logistics Organize and Construct the Flow of Operations ($2,000 Very Important) Operations Provide Services (Depends on Services, Very Important) Outbound Logistics Deliver Final Services to Clients ($100 Very Important) Marketing Sales Advertise and Promote Discounts ($1,500 Very Important) Services Receive Feed Back and Improve ($0 Very Important)

11. Cost drivers
Equipment needed such as computers, calculators and software.
Depends on what services are provides
May need to deliver documents to clients
The budget for advertisement could increase or decrease
Number of feedback survey received

12. Links between activities
Same software
Increase small business opportunities

13. Opportunities for reducing cost
Assist clients who need home based assistance within a certain radius of my location to reduce cost.
Paper advertisement is cheaper