Homework: Develop a Business- Entrepreneurship and New Venture Creation
Learning Outcomes:
i. Understanding the market trends and the competitors. Understanding the target
ii. Understanding customer needs and value proposition match
iii. Understanding strength and weaknesses of an entrepreneur
Plan
This assessment is a written submission exam and will be released in week 5 of the course.
Students are required to provide a report that will help them to develop a final business plan in the final homework.
Analyze and develop at least the following points. Do some research on any element that you consider relevant for your project?
i. Describe your business opportunity: Define the product or service. What customer needs are met by your business idea?
ii. Test your idea: How would you research the market to explore interest in your new product/service.
iii. Present the final product/service (features, benefits, price).
iv. What is your value proposition?
v. What is your competitive advantage compared to the industry where your business idea will compete?
vi. Define your Target
vii. Describe your Business Model
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.