BUS 604 Week 6 Assignment Final Paper
Download In an eight- to ten-page, not including title page, reference page and appendix, present a reflective paper on the feasibility of an original business idea and business model by using a screening inventory. The final project requires at least five peer reviewed resources. Note: this is not a business plan. The paper should include a screening inventory with supporting rationale to specifically address the following elements: • Describe an original business idea and how the specific idea will meet an unmet need. • Summarize the product or service. • Explain the Value Proposition and how the need will be met. • Illustrate the Business Model and identify what criterion supports the model selected. • Examine the Market Size and Growth. Compute a large enough market potential for the venture to be profitable and examine the potential for growth. • Identify the Competitive Advantages and predict what will make the venture stand out among competitors within industry. • Analyze the Management corps and examine the skills needed of an entrepreneur and team to develop venture. • Assess the Revenue/ Growth Projections and compute how long it will take to become financially viable. • Determine Financing Requirements, including an assessment of the financing requirements to begin operations. • Prepare a summary of possible mitigating strategies. Identify specific supporting information that will enable the potential of the business idea to develop into a viable venture and overcome any risks.
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