Assignment:
Part 1: Business Venture Preparation
The business our team chose is:
Bakery
Our justification for choosing this business is:
A bakery is a viable business opportunity. There is a strong urge for fresh, baked food in the community. Few bakeries however, exist to satisfy the need. The team therefore, decided to introduce a bakery to fill the gap. In addition, the team has a wealth of experience in baking. The experience will be an added advantage in offering quality products to the consumers.
List each team member's name and the role that they will be playing on the Business Start-up Team.
Team member roles should accurately define the expertise each member contributes to the development of the business venture. Team members can possess more than one expertise.
1) Discuss and document if the business venture will be a full-time commitment or will start-up team members commit to part-time involvement.
2) Discuss and document how the team members will get buy-in from family members to enter into this business venture.
Part 2: Reflection and Observations
1) What roadblocks did the team face when obtaining required information?
2) What lessons were learned during the week's Learning Team assignment, which can be applied during the specific phase of business start-up?
3) What is the team's overall observations of this week's assignment relative to the type of information needed to develop a comprehensive business plan?
4) How does this week's Learning Team assignment support the Learning Objectives?
Attachment:- Reflection and Observations.rar