Overview
If you identify a great opportunity to create a new product, service or experience and have decided you’re ready to act on it, it’s time to plan your launch strategy and determine your entrepreneurial game plan. You’ll need to understand what it takes to set up your business, including all the resources you’ll need, including funding, and how you will manage your business. This project will focus on the preparation and planning that are essential steps in the creation of a new creative entrepreneurial venture.
What You’ll Need
Your tech kit including laptop
Internet for research
Prepare
Take your business idea from week 3 and think of how you would launch a business around it. If you’d like to launch a different business, you may do so but you must explain how you got the idea and how it fits in the marketplace.
Create
In a written document, explain the following:
Identify the business you will launch: Name, purpose and the product, service or experience.
What are the steps you will take to set up the business?
How will you get the resources you need to launch?
How will you raise capital?
How will you reach your target customers?
Where will the business launch? Why is that the best place?
How will you manage the business once the set-up is complete?
How will you drive revenue, make a profit, and ensure that cash flow will meet monthly operating needs?
When will the product launch? A particular day or month or as soon as possible? Why?
How will you distribute your product, service or experience?
Briefly explain the essential components needed for your business plan. How does each component help you determine the viability of your idea?
What will your exit strategy be?
Incorporate the concepts and terminology learned from this week’s readings into the paper, demonstrating how the methods you use to plan and manage your business reflect the concepts learned about in the Read & View activities.
Submit
1. Save your work as a PDF document that contains all parts of the assignment.
2. Name your document as follows: LASTNAME_FIRSTNAME_ManagingTheVenture
3. Upload your file to LAO and submit.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more