Preliminary Business Plan (Written report): 25 Initially you will individually devise an idea for an innovative project from the lectures on “Sources of Innovative Opportunity” (Week 2-5) You will form into groups of four. Your group select the best of the individual ideas for development of it as a business model. All such business opportunities need to be defined by a business plan, for two reasons: 1.To prove to a potential financier that the business venture is financially viable. 2.To act as a blueprint for the management team in establishing the business and developing it for the next three years. Though not a full Business Plan (Industry Analysis, for instance in not required), your Preliminary Business Plan should include: an executive summary; a description of your proposed business and its product or service- also mention the source of your innovative opportunity; a list of key personnel and their roles; an operation and production plan; financial forecasts and identification of need for venture capital a timeline of how the business will be operated; and any risks to the business as well as ways to overcome them. Your preliminary business plan is a project to be developed by your group over the whole trimester. Students will complete sections of the business plan one-by-one over the course of the trimester guided by the structure and content advised in Chapters 9, 10 and 11 of Kuratko’s book. While some time is put aside during the class to work on the plan and monitor your group’s progress on the plan, it is expected that most of the project will be developed outside the classroom. A well-written preliminary business plan should be no more than 15 pages (excluding the appendices and the two-page executive summary). ): Complementing your Preliminary Business Plan is your “Pitch”. Entrepreneurs are sometimes asked to do a “pitch” to venture capitalists or other funders. A pitch is a short—three to five minute—presentation designed to elicit further interest from potential funding sources. As such, it puts a premium on salesmanship and “hitting the high points” of the entrepreneurial idea. If the pitch is successful, the recipient should want to grant you more time to hear more. You will be asked to deliver your pitch at the last formal class of the trimester. The criteria that will be used to assess your pitch are: Impact, particularly opening impact Clarity and overall impression of excellence Management of time Closure
The post Preliminary Business Plan (Written report): 25 Initially you will individually devise an idea for an innovative project from the lectures on “Sources of Innovative Opportunity” (Week 2-5) You will appeared first on Homeworkaider.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
