Assignment- Entrepreneurial Ventures: Creating a Product from beginning to end
This assignment is based on Chapter 10 of our textbook. It is advised that you have your textbook open while completing this assignment.
To be an entrepreneur, you must first have an idea. Entrepreneurs get their ideas from many sources; particularly, from an unmet need they identified in the environment. In this assignment you are asked to do the following:
Questions
1. Scan the environment and identify an unmet need.
2. Think of a product or service that could fill the unmet need.
3. Discuss why you think this product or service is innovative and how it will fill the unmet need.
4. Work us through the entrepreneurial process which will lead to the creation of an entrepreneurial venture eventually. In other terms, work us through the process starting with (1) the entrepreneurial context you are exploring; (2) how you identified the opportunity (unmet need); (3) discuss the problems you will face to bring your entrepreneurial venture to life; (4) discuss the way you will start the entrepreneurial venture. In other words, you are required to present the following:
5. Feasibility study: (1) Introduction; (2) Accounting considerations; (3) Management considerations; (4) Marketing considerations; (5) Financial considerations; (6) Legal considerations; (7) Tax considerations; (8) Appendix [see p. 317, Exhibit 10-2 for more details] - From the feasibility, derive the following [i.e., use the feasibility study as a basis for the following]:
6. Business plan: (1) Executive; (2) Analysis of Opportunity; (3) Analysis of the context; (4) Description of the Business; (5) Financial data and projections; (6) Supporting documentation.
7. Discuss how you are going to plan and organize the entrepreneurial venture.
8. Finally, discuss how you are going to launch the venture.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- Entrepreneurial-Ventures.rar