Enterpreneursh

ip Management
Prepared By :
Abhishek Kumar
Anmol Jain
Sunil Sutwal
D.F.T Sem-VI

About the project

Whats
NIFTales?

NIFTales is an online
platform for NIFT
students to showcase
and get customers for
their work.
The platform offers a
centralized system to
manage the student
profiles and their
products.
The platform forms a
direct link between
students and
consumers.
The products listed on
site are for sale to be
delivered anywhere in
the world.

How can one use it?

The website allows students to create their
profiles and list their products for sale.
Students once set up their profile they can :
List their products for sale
The website forms a platform for product
sale directly between consumers and
students.
Showcase their work
The website would allow students to
showcase their talent free of cost and seek
further professional oppurtunities.
Discussion Forum
The platform allows students and viewers to
discuss about desired topics forming a social
network.

NIFTales
Network
Centralized online
platform for NIFT
students to set up
profiles and product sales

Business Plan

Profiles

Products
NIFTales
Website

Students
Department
s
Logistics
Discussion
Forums
Finance

Controller
Website
Database
Order
Processing

Website Operations

Viewers explore
products & Services

Various Payment
Options

Payment received
By NIFTales

Order a product

Product ready to be
shipped

Payment to student

Information
received to server

Controller
processes the order
and contacts the
student

Feedback from
customer

Business Model

Diversity of products
Products available across the globe
Customization of products
Profit margin 10-15 % based upon the products cost
Low Initial Investment
Website Setup Costing Rs. 6000 p.a
Logistics services handled by own
Payment Gateway by Ccavenue

Website Model

Homepage showcasing recent uploads by students,

information about best sellers and offers.
Departments- Explore products department wise.
Profiles Explore student profiles and products
Custom Products- Offering customization of prodcuts.
About - Introduction, Mission & Vision of NIFTales
Contact Us- Contact Information

Profile

Student Profile

Product
Display
Portfolio
Personal Profile

Department
s

Departments

Fashion Design
Accessory
Deign
Textile Design
Fashion
Communication

NIFTales

Business Network

Consumer
s

NIFTales

Students

Business Analysis

Investments

Website Design
Free for
students
Server Setup
Cost
Cost for
payment
Gateway
Cost of Logistics
Insurance of
goods

Profits

Students
Offering price to
NIFTales + 1015 % of cost =
Price for
consumers

Feasibility

Easy website
set-up
Direct Supply
Chain
Students
willingness to
sell off their
work

Business Solution

SWOT Analysis

Strength

First of its kind network for students

Less Intermediates in between
World Wide showcase
Pocket Earnings

Weakness

Product cost may be high

Delivery Management
Payment Management
Trained personal to control website

Opportunity
Threats

Platform for students

Professional Opportunities for students
High Profit Expectations
Showcase of unique Products

Major Design Firms as competitors

Happily Unmarried
Student Conflicts
Copyright Issues

Business
Strategy

Financial Analysis

Initial Investments
Website Design Rs. 5000
Server Setup Rs.40000
Payment Gateway Periodical Fee.
Running Costs
Website Up gradation & Maintenance
Server Maintenance
Overheads
Logistics
Taxations
Packaging
Profits10-15 % of cost to NIFTales
Sales Dependent

World Wide Reach

our
office

Management Strategy

Top Level Management

Department Wise
Management
(Finance,IT,Logisit
ics,Customer
Services,PR,Data
Processing)

Website Controller

Positive Insight
Scope

ECO

Customizatio
n

Workcenter can be set up for

each centre and operate
individually or centrally.

Green Supply Chain

Green Products
Paperless transcations

Launchpad

E-com

Reach

The platform can turn out to be

a professional launchpad.

Majority of population is in
favor of E-shopping as of
greater convinience.

World Wide Web enables users

to explore the products and
profiles anytime anywhere in
the world.

Product customization on
request as desired may meet
the students(designer) the
mind.

Question.
Would you like to buy designer
products online?
Yes.
No.

No. of people

17
33

No.

50

Response Chart
Yes.

Not
Interested

Place your screenshot here

Website can be accessed through

smartphones,desktops enabling users shopping on
the go or while at home.

References

blogs.perceptionsystem.com
www.screenpages.com
www.statista.com
docs.google.com
www.yourstory.com
www.qz.com