Reference no: EM131176770
Assignment - Please note that the 4500 words do not include referencing, figures, tables and appendices such as financial statements etc.
Task
Identify an entrepreneurial opportunity. Conduct relevant opportunity research, then analyse and consider options for YOU personally starting a business venture or developing the specific business opportunity.
Address the following assignment tasks:
1. Describe your idea. Describe the process by which you have identified your idea. Draw on your study materials and the MARS Entrepreneur Work Book 1 at
https://www.marsdd.com/wp-content/uploads/2012/12/Crafting-Your-Value-PropositionWorkbookGuide.pdf
2. Develop a value proposition for your product/service and shortly discuss the process you have followed to develop the value proposition. After you have developed the value proposition, write down a succinct value proposition for your product/service. Draw on your study materials and the MARS Entrepreneur work book at
https://www.marsdd.com/wp-content/uploads/2012/12/Crafting-Your-Value-PropositionWorkbookGuide.pdf
3. Develop and describe the business model for your enterprise by using the 'The Business Model Canvas'. Draw on your study materials and the MARS Entrepreneur Work Book 2 at https://www.marsdd.com/wp-content/uploads/2012/12/Business-Model-DesignWorkbookGuide.pdf
4. Building upon your value proposition and business model develop a business plan for your venture.
Please note
You may use opportunities in any country, however, if you use currencies other than Australian dollars then you must include conversion rates and data that the examiner would need to assess the project. For example, wage rates, rental or mortgage rates etc.
Assume that you are required to obtain finance from a funding source of at least 50% of required first year funding.
Demonstrate that there is a particular need and demand for the proposed entrepreneurial opportunity.
Detail the probability of the proposed project's success and the risks to that success being achieved.
Demonstrate the extent to which the proposed venture/project represents value for money both for you as the applicant and to the funding source for your venture.
For the purpose of this assignment, cover at least the first two years of operation. Information should be prepared on a monthly basis for all forecasts.
Attachment:- Assignment1.rar
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