According to all the 5 entrepreneurial ventures that I had mentioned earlier, the Laundry Service is the
one which serves as the best Entrepreneurial Venture.
Answering the questions stating about its feasibility are as follows:
1. Is this service feasible?
This service is indeed especially feasible as it requires exceptionally less work. It does
require an additional investment as you need some equipment for mass cleansing of
clothes. It requires just a touch of prior activity of planning.
2. Is skilled labor available?
Yes, skilled laborers are available for this service. The requirement of skilled laborer here
is for 2 persons who collect clothes from the students in hostel, for operating the
washing machines, an operator who looks after the drying of the clothes and a
supervisor who makes sure there is no mismatch of clothes.
3. Are the proper readers available so as to make use of this service work
profitably (customers)?
Yes, there are students who will require the use of this service as not everyone can wash
their clothes. There are clothes which will require special wash such as dry wash or dry
cleaning.
4. Is Location or space affordable?
Yes, the location or space is pretty well affordable. There is a need for a large hall which
will be used for accommodating the huge machines and a separate room is required for
keeping the washed clothes.
5. Overall is this process profitable or just socialistic?
This venture is profitable as this service will require the user of the service to pay for the
service. Laundry for students is a booming venture as there will always be a requirement
for washing of some stains which can’t be washed by the students.
