Business Opportunity Of Voxpro, A Startup Venture Essay

Business Opportunity Of Voxpro, A Startup Venture Essay

Length: 2267 words (6.5 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

1.0 Introduction
Entrepreneurship is generally defined as the process of taking risks to develop, arrange and mange an enterprise in a competitive market that is always transforming (Hisrich 2010, p.10). Those who carry out this process are termed as entrepreneurs and they are thought to have distinct character and personality traits that enable them to do this besides being leaders and innovative individuals. Schumpeter, a twentieth century economist, noted that entrepreneurship entails various conditions such as the production of new products and services, a change in production methods, transformation of the market and emergence of a new market, new sources of materials and new firms or industries (Baum et al, 2014, p. 6). What eventually leads to the creation of new industries, firms, markets, products and services is the ability to recognize feasible opportunities and undertaking the entrepreneurial process of risk taking, organization and management (Kuratko 2016, p. 377). This essay analyses the business opportunity of Voxpro, a startup venture, in order to determine its feasibility in the market. The aim is to understand opportunity identification, evaluation and feasibility of the entrepreneurial process.
2.0 Voxpro Overview
Voxpro is a customer service and technical support company that was established in 2001 by Dan and Linda Kiely (Gallagher 2015). The company’s headquarters are in Ireland, but it has operations in the US, France, Canada, Spain among other countries. Voxpro delivers customer service on behalf of 300 companies. Since the company services a global market, it offers multilingual services and , hence, communicates with their clients in twelve languages (Quinn 2015). As a global outsource compan...


... middle of paper ...


...ose attitude is invaluable for attracting and retaining clients (Voxpro 2016).
Voxpro is engaged in European outsourcing where companies looking to have foreign presence sought their multilingual services. For instance, the company works with multiple US companies such as Stripe and Nest Labs who would want to scale their services to the European market can apply their services (Voxpro 2016). Those who choose to do so gain because Voxpro has a huge diversified workforce from different cultures and with the technical know-how to provide the services. As mentioned before, the company provides its services in 24 languages some of which include Spanish, French, Dutch and Portuguese. Using several languages make the Voxpro differentiate itself in the market and making it more appealable to global brands who want to penetrate foreign markets with different cultures.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay The Business Model Of A Startup

- A startup is a business organization that employs new and innovative ways to disrupt existing and new markets. They search for scalable and repeatable business ventures and experiment with them to find out how best the variables work and in what proportions.Every 9 out of 10 of startups fail and this is the harsh reality that entrepreneurs need to come to terms with The optimistic ones need to be reminded this once in a while so as to stay alert. Cold statistics like this are not meant to discourage entrepreneurs but to encourage them to work harder and smarter....   [tags: Entrepreneurship, Marketing, Management]

Better Essays
1076 words (3.1 pages)

Startup Plan for Wedding Internet Business Essay

- Startup Plan for Wedding Internet Business Frequent Shopper Programs Card Programs, or Frequent Shoppers Programs (FSP) are increasing in supermarkets around the country. FSPs are bringing more consumers into the grocery stores more often and studies show that these cardholders are more likely to spend than non card members. One study shows that over 80% of customers shop less than once a week in the same store. Most consumers have low customer loyalty, so retailers are looking for a way to reward them in order to get them to continually shop in their stores....   [tags: GCSE Business Marketing Coursework]

Free Essays
423 words (1.2 pages)

Organizational Qualities Of A Business Opportunity Essay

- Task one – queries Q NO 1: Organisational qualities: Organisational qualities could embody however don 't seem to be restricted to the: Ability to ascertain, run and with success conclude projects: Entrepreneurs forever ought to begin any business by themselves if they one thing got to be done. They create the bounds and become dedicated towards achieving their goals, vision, mission and objectives. Businessmen are headworker, creative, positive minded and opportunities taker further. They are doing not anticipating someone to grant them permission....   [tags: Management, Business, Entrepreneurship]

Better Essays
8500 words (24.3 pages)

A Profile Of Startup Or Entrepreneurship Looks Like Essay

- A prominent young entrepreneur, Riyad Shahir Ahmed Husain is the Founder and CEO of Magnito Digital, a giant digital advertising agency in the country. Riyad achieved so many awards for his works most prestigiously the citation of the award, one of “Asia’s Most Influential Digital Media Professionals” at the 24th Edition of the World Brand Congress recently. Riyad had ventured his firm in the year 2007 while working first for designing and printing services. From 2013, he expanded his horizon working in digital marketing and content management with three of his friends....   [tags: Entrepreneurship, Entrepreneur, Business]

Better Essays
942 words (2.7 pages)

The Cost Of Startup Costs Essay

- As with forming any major decisions, an individual need to consider numerous elements into the circumstances. No one should reach a decision without weighing all the factors around that decision, to include relinquishing a job which is providing a definite income just to embark upon starting an uncertain opportunity to commence their own business, however, the next immeasurable probability does not just happen without calculated risk. Therefore, stepping out of one’s comfort zone to farm with the chance to capitalize on this new market opportunity would be worth the risk....   [tags: Investment, Economics, Price, Risk]

Better Essays
880 words (2.5 pages)

The Fundamentals Of Raising Capital For A New Small Business Startup Essay

- One of the primary duties of an entrepreneur is to continuously raise capital for his or her business. But what happens when that business is still in its startup stage. How will an entrepreneur raise capital for a new small business startup. I intend to use this article to reveal the fundamentals of raising capital for your business. "Thought, not money is the real business capital" - Harvey Firestone. If you are a first time entrepreneur seeking to raise capital for your small business startup, then read on as i share with you 12 avenues you can ply to raise capital for your small business startup....   [tags: Venture capital, Entrepreneurship, Entrepreneur]

Better Essays
1029 words (2.9 pages)

Essay about Honeybees as a Business Opportunity

- “How in the world do annoying bees make money?” I’d like to show you how they relate, honeybees and business. I will cover a few key points that I hope will educate, through education there could be some new brave entrepreneurs created, and relax the public towards the honeybee. Honeybees are safe to own, can make good money, and stabilize the floral ecosystem. Most people assume any insect is a buzzing stinging nuisance. I agree when it comes to mosquitoes, gnats, and especially wasps, but I am forgiving of honeybees because of how useful they are, and that they are more tolerant of humans than the other insects....   [tags: Small Business]

Better Essays
974 words (2.8 pages)

The Concept Of Opportunity Cost Essay

- Question 1 Discuss the importance of the concept of opportunity cost. In your discussion you are required to identify and explain: ∗ The concept of opportunity cost and why it is a fundamental concept in economics Opportunity cost is defined as the decision made to give up the highest-valued alternative in order to engage in another activity (Garnet & O’Brien). Alternatively, opportunity cost can be defined as the highest value alternative that is given up in order to undertake a particular activity....   [tags: Economics, Opportunity cost, Costs]

Better Essays
1926 words (5.5 pages)

The Equal Employment Opportunity Commission Essay

- All through its 45 year history, the Equal Employment Opportunity Commission (EEOC) has distinguished and helped dissipate discrimination in the hiring process and is persistent on guaranteeing work candidates be dealt with reasonably (EEOC, 2011). According to Helen Norton, Associate Professor at the University of Colorado School of Law, Employers and staffing agencies have advertised job openings that span across different fields. Medical professionals, restaurant and grocery managers, as well as, investment bankers have all been restricted when looking for employment....   [tags: Equal Employment Opportunity Commission]

Better Essays
737 words (2.1 pages)

Essay on Franchise Vs. Business Opportunity

- To the untrained eye, franchise and business opportunity investments look pretty much the same. Both invite you to purchase a package of goods and services and business concepts. Both offer you the chance to capitalize on a business idea that has already proved to be successful. Both provide some training, handholding and access to a valuable marketplace. In reality, though, there are huge differences between the two concepts. While these fundamental distinctions sometimes appear subtle, detecting and understanding them can help you protect yourself when you take the plunge into your new business....   [tags: Franchise Business]

Free Essays
1881 words (5.4 pages)