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mgt402 entrepreneurship and small business

Description

Write brief notes on the following objectives:

  • Owners, capital structure and company profile (2 Marks)
  • Company Business Description

a. Your Business Name, Address, E‐Mail

b. Form of ownership:What is the legal structure? Sole proprietor, Partnership, Corporation….

C. Investment capital

A. Scope and type of business (4 Marks)

What business will you be in? What will you do? What market segment will you choose?

  • Business idea: what is your big idea? Is it a product or a service? What makes your idea different?
  • Mission Statement
  • Company’s short-term and long-term goals and objectives.
  • Target market and demographics: Who will your customers be? Where do they live? What is your target market passionate about?

    • B. Business Philosophy (4 Marks)

    What is important to you in your business?

  • Describe your Industry: Is it a growth industry? What long-term or short-term changes do you foresee in the industry? How will your company take advantage of it?
  • Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture?
  • Risk Assessment: Evaluate the strengths and weaknesses of your business using SWOT.
  • Who is your competition and how do you beat them?

    • Note: Use APA style of referencing

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