Assignment:
Objective
Develop a venture idea that you can use as a basis for formulating a complete business plan and investor pitch in the Final Project,
Guidelines
1. Idea Generation: Take the ideas you developed, and summarize the key elements using the Level 1 and 2 assessments of the search model in Figure above of the text. Conduct a preliminary screen of your ideas, answering the questions posed in Level 3 at the bottom of page 4 (3 to 4 pages).
2. Screen: Using the results from Item 1 above, take your ideas and apply the Level 1 screen and complete the Level 2 screen and new venture template (innovation, value, persistence, scalability, appropriation, flexibility, and execution). After reviewing the results, select an idea to move forward with (3 to 4 pages).
3. Business Planning and Preparation Prework: Using the model of the text, develop for your new venture a document that addresses Level 1 and Level 2 up through and including Level 2, Stage 1. Be sure to use the harvest model-output, input, and process; the communications and credibility checklist for entrepreneurial business plans, Table; and Figure above as your guide in developing your answers (3 to 4 pages).