...ASSIGNMENT 1 START UP A SMALL BUSINESS To purchase this visit here: http://www.activitymode.com/product/bus-463-wk-4-assignment-1-start-up-a-small-business/ Contact us at: SUPPORT@ACTIVITYMODE.COM BUS 463 WK 4 ASSIGNMENT 1 START UP A SMALL BUSINESS BUS 463 WK 4 Assignment 1 - Start Up a Small Business Select a business idea which you would like to implement and complete this assignment. Note: You may use the same idea that you have used in discussion topics during Week 2 through Week 4. Write a seven to eight (6-8) page paper in which you: 1. Propose the value proposition of the product or service the business will offer and explain the rationale. 2. Outline the competitive market and the industry in which the business will operate. 3. Determine at least two (2) strategies of each for protecting the following: a. the branding b. the logo c. the product technology 4. Suggest methods to test the product idea for feasibility. More Details hidden... Activity mode aims to provide quality study notes and tutorials to the students of BUS 463 WK 4 Assignment 1 Start Up a Small Business in order to ace their studies. BUS 463 WK 4 ASSIGNMENT 1 START UP A SMALL BUSINESS To purchase this visit here: http://www.activitymode.com/product/bus-463-wk-4-assignment-1-start-up-a-small-business/ Contact us at: SUPPORT@ACTIVITYMODE.COM BUS 463 WK 4 ASSIGNMENT 1 START UP A SMALL BUSINESS BUS 463 WK 4 Assignment 1 - Start Up a Small Business Select a business idea which you...
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... | | | | |5 | |Pass 4/Merit 3 | | | | |6 | |Pass 5/Distinction 1 | | | | |7 | How this unit works: You will be working in a small team (chosen by your tutor) throughout the unit. You will come up with a business idea together. Each team will occasionally be partnered with another group who will be known as your ‘critical friend team’. You will exchange ideas and feedback with them. • Your group will pitch the business idea to a panel who will decide whether to accept your idea, and who will also give you some advice and guidance • You will produce a report on your target market • You will be interviewed to find out what skills you have that can help the business and how you can improve • You will write about the legal and financial aspects that will affect your business • Throughout the year you will work, in your team and individually, to produce a written business plan (a proforma will be provided) • You will attempt to run your business (or a...
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...business ideas come from a long-held dream to turn a fun hobby into a profitable life’s work. However, most of these small businesses require significant time, energy, and initial investment to begin, so think carefully about your commitment and do your research before you start. If you are thinking about any of the following small business ideas, you’re not alone. These are some of the most frequently searched on Bplans.com. Each section below includes sample business plans, business-planning tools, startup kits, and other online resources that are specific to each business idea. Restaurant Small Business Ideas From cafes to kiosks to fast food to takeout to full-service eateries, business ideas on how to start a small business involving food are our most frequently searched startup category. The following resources can help you turn your idea into a reality: Sample Restaurant Business Plans We have over 40 different restaurant-style sample plans, and 20 of these restaurant plans can be read in full online. See the full list of restaurant sample plans. Start a Restaurant Resource Page Our start-a-restaurant page contains a variety of resources and other tools that will help you effectively write a restaurant business plan and get your business cooking. Other Restaurant Articles This article on marketing your business includes an example about obtaining statistical research on restaurants in your area, as well as suggested agencies to contact for more up-to-date...
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...business idea using relevant criteria | |Understanding the skills and development needed to run the business successfully | |Know the legal and financial aspects that will affect the start-up of the business | |be able to produce an outline business start-up proposal | |Scenario | |You have just completed a business course at Wolverhampton College and you are very interested in pursuing your dreams of | |starting your own business and being your own boss. | | | |Your Aunt and Uncle run a successful Property Management Company and they have proposed that if you can put together your | |ideas, backed up with relevant information, they will consider investing in your business. | | | |Your Aunt and Uncle have requested that you put together a short report on your initial business idea....
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...Dagupan City GRADUATE SCHOOL 1ST Semester AY 2012 Subject: business finance Topic/Title: A Reaction Paper ENTREPRENEUSHIP Facilitator: Professor: DR.MARIETTA B.SORIO Introduction An entrepreneur is some how who has a different set of ideas and new way of doing a business. Entrepreneurs have the risk taking ability which makes them invade the unconquered territories. It requires huge amount of courage and determination to pursue with their goals. They had a tough stand in tackling against the odds. We hear lots of success stories in the entrepreneurial segment, but the struggles that each one faced never came to the limelight. I read an article about the new age entrepreneurs from a popular magazine. It was quite amazing to see the statistics provided in it. Hence, i am sharing the data with you. On the lssue No.1- Not Just Surviving But Thriving The recent economic recession gives us a sobering reminder of what can happen if innovation fails. Your innovative ideas might drive you up the walls if it fails to give productive results. People from the western countries were believed to be superior in innovating technologies and management ideas. The entire world copied their success formula without giving any...
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...Ten things to ask yourself before you start a business Step One: The Idea Before you start a business, you need a good idea…Let's face it, the single most important step in creating a business is the idea. After all, a good idea can make a company millions or even billions of dollars, while a bad idea can lead it to bankruptcy. And without an idea, you can't create a business. So it's time to start brainstorming. Think up that next million-dollar idea. If you're stuck and can't think of anything, here are some questions to ask yourself to help you out a little: What are my interests? Get out a sheet of paper and start writing down some things that interest you. Are you good at sports? Do you like managing other people's money? Are you good with computers? Do you like pets? It always helps if you start a business in a field that interests you. That way when you're spending your time working on it, you'll have so much fun that you don't even think of it as work. For example, I enjoy money-related stuff. But once a week, I'm required to mow our lawn since I'm the "man of the house". Some of the neighbours need their lawns mowed too. However, because it doesn't interest me, I probably shouldn't start my own lawn-mowing business. If I had some money, what would I buy? Try to think of something that you think would be cool to buy. It helps if there isn't already something similar out there. If you think something is cool, there is always a chance that...
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...Entrepreneurs in a Start-Up Support Program meet „Bird-in-Hand“ Impressions, Findings and Conclusions from an Experiment Author: Michael Faschingbauer, August 2008 In fall 2007, I set out to test effectuation principles and dynamic process in a publicly founded start-up-program in Austria. The results where compiled into the MBA master thesis Entrepreneurship with Effectuation: Testing an Innovative Approach to Business Start-UpSupport (Faschingbauer 2008). In this paper, I would like to present the outcomes after introducing the effectual “Bird-in-Hand” principle to a group of seven novice entrepreneurs in the process of their start-up preparation. 1 Abstract of my master thesis The support structures for business start-ups in Austria are based on causal assumptions about how one should start a business. One starts with the recognition of an opportunity, which needs to be concretized and developed through analysis and planning. According to the effectuation framework by Saras D. Sarasvathy (Sarasvathy 2008), expert entrepreneurs choose a radically different way. Effectuators allow goal ambiguity, they prefer partnerships and alliances to competitive strategies, make use of risk reducing schemes and opt for controlling the future instead of relying on predicting it. In my thesis, the learnable and teachable elements of effectuation were practically tested in a training scheme with entrepreneurs during start-up preparation. It was shown that effectuation training can directly...
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...swift, effecgtive and innovative IT solutions in Pakistan & has attained massive accomplishments. Plan 9 is an up and running successful project of PITB. Plan 9 is Pakistan's largest tech incubator. Tech incubators are business assistance programs that serve entrepreneurs that deal with technology. Incubators share office space and administrative services but the the core value that they serve is the incubation program to the start up companies. Plan 9 benefits a variety of economic and socioeconomic policy needs, which includes * creating jobs and wealth * Fostering a community's entreprenuerial climate * Technology commercialication * Diversifying local economies * Encouragin women or minority groups Jobs are created as if a team of 5 people successfully incorporate a startup then they would require more workforce and hence more job opportunites would lead to better economic conditions of the country. Plan 9 gives the opportunity to programmers and software developers and other IT personnel to bring out their 'big idea' to the general public. Plan 9 also encourages women entreprenuers to apply as women are an important aspect of the workforce as well Plan 9 was launched in August 2012 to facilitate technological entreprenuership in Pakistan. The incubation process is a tailor- made process desinged specially for each start up so that they can flourish. Plan 9 guides the...
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...that the most important factor when evaluating a new venture is that there is an opportunity in a large market which is growing. VCs always ask and want to know where a company will be in the next 3-5 years. Usually, for a company to be successfully starting-up, they will have a constant revenue of a minimum of 100 million with a market potential of going up to 500 million dollars. This is for company’s with non-software based companies. When it comes to software based companies, investment can be lower in size. The market size is very important for venture capitalists. They want the size of the markets to range between 500 million and 1 billion dollars to have enough potential to be interesting and worth taking the risk. Venture Capitalists also primarily look for a key factor that seperates a company and its product apart from others. These factors can range from an advance in technology/ design/ engineering to having a tool that people are used to, a list of consumer’s in specific sectors, but scientific related start-ups are usually kept away from because consumers in general wait for new creations to be tested and aware of them before generating big amounts of interest. Investors don’t only want a good idea with specific advantages to make a product/company stand apart. They will also look at the members that form these teams to see if they are reliable people. They want to invest in a company that will be stable and won’t give off a bad image to the public. The...
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...begin to gather information and things start to become confusing. If you gather to much information, some of it may not be relevant or will help you get any closer to coming up with a solution. * A solution for this could be to take a risk and come up with an idea from the information you received and go with it and try to solve it. Adams Emotional block. * Fear of taking a risk. You may not want to solve a problem because you are afraid of what the outcome will be. An example of fear of risk taking would be if you are at your job and you are afraid to go out of your way to do more because you’re afraid because if you fail you might get fired or disciplined. Another example of risk taking would be if you want to go sky diving but you are afraid that you could get either seriously injured or killed. * A solution for this would be to just take a risk, outline what the worst possible outcome could be and how you would deal with it. Higgins hindrances to generating alternatives as given on. * Getting “hooked” on the first solution that comes to mind. When you are given a problem and you stay with the first solution instead of taking the time and doing more research and other come up with other possibilities. When I tried to go to work and I got in my truck and tried to start it up and it wouldn’t start I automatically thought it was the battery, so I went to the store bought a battery put it in and it still wouldn’t start up. Come to find out it was the starter in...
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...AQA AS Business Studies Unit1 (BUSS1) Course Companion AQA AS Business Studies Unit 1 (BUSS1) Course Companion Publishers Information AQA AS Business Studies Unit 1 Course Companion 1st Edition August 2008 Author: Jim Riley © Tutor2u Limited All Rights Reserved No part of this material may be reproduced in whole or in part without the express written permission of Tutor2u Limited. This publication is not endorsed or approved by AQA. Tutor2u Limited Boston House 214 High Street Boston Spa LS23 6AD Please contact jimriley@tutor2u.net with details of any errors, omissions or suggestions for future editions. © Tutor2u Limited All Rights Reserved www.tutor2u.net AQA AS Business Studies Unit 1 (BUSS1) Course Companion Contents Introduction to AQA AS Business Unit 1 .....................................................................6 Section 1: Starting a Business ......................................................................................7 Enterprise and Entrepreneurs .......................................................................................8 Introduction ......................................................................................................................................... 8 Entrepreneurs ..................................................................................................................................... 9 Motives for starting a business ................................................................
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...Business Strategy Case 3 The O-Fold Kyle Huffman Olds College Submission Date: February 14 2013 O-Fold Business Opportunity Introduction Alex Richards was a 4.0 GPA student, double majoring in finance and accounting. Before taking a trip to Colorado, Alex was faced with a problem: whether or not to take a suit on the plane, he did not want to wear it on the plane nor pack a suit case due to having the clothing wrinkle. He came up with the idea of the O-Fold, a cylindrical tube that clothes could be wrapped around, secured with straps, packed into tight spaces, and arrive wrinkle free. After completing a preliminary patent search online and finding nothing similar to his idea, Alex had to make a choice whether or not to start a company. He came up with four options, sell the idea, license the idea, outsource production, or use a crawl-walk-run strategy. External analysis With more then $5 billion in sales the luggage industry strengthened, as the baby boomer generation reached its peak travel ages (45-54). With profit margins growing from 28.9 percent in 1990 to 45.9 percent in 2000 the industry is looking profitable. As well having around 75 percent of the merchandise imported, this lowers the cost of production and materials. An important trend to look at is the use of handbags or carry on items. With the rising cost of fuel airlines started charging for check baggage, resulting in an increase of people buying carry on/handbags. Handbags sales increased from 3...
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...were 27.2 million small businesses in the United States in 2007. Small business can be defined in different ways. The U.S. Government agency that helps people start businesses is the Small Business Administration or SBA. It categorizes a business in the United States as small if it has fewer than 500 employees. The international community uses the term small and medium enterprise or SME, instead of small business. Among SMEs, small enterprises have 1 to 50 people, while medium enterprises have 51 to 500 people. Whereas on owner-managed small businesses of 1–50 people and places greater emphasis on the lower end of the range. Independent and owner-managed small business means that the business is owned by an individual or small group rather than existing as part of a larger enterprise or a business whose stock can be bought on an exchange. Owner-management refers to constant or at least daily management of a business by its owner. It is possible to become an absentee owner, who profits from a business but is not involved in its day-to-day operations. This, however, is a different type of business with different problems from those of firms run by an owner manager. Small businesses are imitative in nature, with most small firms doing what other firms do, with only slight variations. But when we think about the people who start firms for the first time, the situations they face are situations of novelty. The purpose of a small business is to create and keep customer and to generate...
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...opportunities later in her life. In the summer of 1994, Katie teamed worked with a VC firm in Poland and assisted her friend, Gary, to find potentially profitable markets. It was her time in Europe that sparked Katie’s interest in the Internet. When she returned to HBS she began looking for other classmates that were interested in the Internet. Her friend Tim Brady introduced her to Jerry Yang, who was about to receive funding for his Web project. After hearing that Tim was going to help writing the business plan, Katie became even more excited about the Internet and exchanged ideas with the Tim and Jerry. While working on projects in her “Managing Product Development” class with Tim, Katie became friends with classmate Ross Sullivan, who was talking to the owner of the Web database-integration technology company, WebTools. Katie later received an offer to work there and moved out to California to assist the start-up company. This was an opportunity to work for a company that she coule help build and create value for, which were her true aspirations. The time at WebTools involved a lot of work hours for Katie. She began working on the business plan and later was...
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...specific type of persuasive that is based on logic and evidence. I found that the tone for Persuasion should be strong emotional appeal. First engage your heart, you can point out others' views that you felt were wrong, but don't attack the one that said it. Emotional appeals have a reasoning behind them, you have to be honest and never misleading. I found the structure for Persuasion writing is to; Have an Introduction, the controversial issue will need to be introduced, you may want to give two side to the controversies, give your opinion on the ideas, and set up your thesis statement. Go on to the body and make at least two paragraphs, take each of your ideas and put down in separate paragraphs why you like these ideas, give statistics, or get someone who is an expert in the field to give you something to go on to support you words. In the conclusion include your thesis statement. You can back up your statements and ideas and propose the readers take some action. Then add in some sense of closer with a strong ending. I found Exposition or Expository writing are used to help explain, analyze, and make sense of the writing. Informative writing a type of expository writing, give readers facts on subjects, like how something works. There are comparison and contrast papers that are two side of the same coin, when you contrast them to show the different. When you contrast them, it will show you the differences. There are different types of organizational arrangement...
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