- Design a solid projected financial Plan and conduct a breakeven analysis for a small company. (Lo 2.5).
- Demonstrate a solid understanding of the potential of entrepreneur in today’s competitive business world. (Lo 1.2).
- Describe the importance of creativity and innovation which are the integral parts of entrepreneurship. (Lo 1.1)
- Demonstrate ability to think independently and systematically on developing a viable business model (Lo 1.3 & 3.7).
Choose any venture idea you would like to undertake and provide the following:
1-Brief explanation of the idea and what are the consumersâ€™ needs it will address (200-300 words) (1 mark).
2-Evaluate the financial potential of the idea with proper and realistic justifications (200-300 words) (1 mark)
3-Discuss how you realized the potential of this idea (100 words) (1 mark)
4-Analyze the size of the market of your idea (300-500 words) (1 mark)
5-Briefly discuss your competitions, existing substitutes to your ideas, threats of new entrants (300-500 words) (1 mark).
Assignment specific instructions:
1-Properly reference any used sources using APA-Style referencing.
2-The suggested word-counts is for guidance only. You will be marked based on quality of your work, not the quantity.