26 Aug You need to come up with an idea for a new venture (a new bu

You need to come up with an idea for a new venture (a new business), preferably one that you could realistically get off the ground as astudent on a tight budget. (Feel free to keep it simple; single, niche product or service businesses are fine. For example, selling jam at thefarmers market or working as a mobile personal trainer. There are no bonus points for complexity!) It should ideally be related to a topicthat you are interested in, hopefully even passionate about, and it’s helpful but not essential to already have some experience in that area. This venture proposal is the basis for your elevator pitch. Your Individual Venture Proposal will be a shorter version of a business plan (a “mini-business plan”, please see business plantemplate on elearn), with a 2-year time frame (including a start-up period).The sections you should include are: 1. Business Overview – What is your business concept? 2. Environmental Scan – Summary of; Industry, Competitor, Consumer 3. Marketing Plan – What is your “unique” selling proposition? How will you grow your business? 4. Operations Plan – What will your initial operations set-up be? 5. Financial Plan – What are your start-up costs and projections for the first 2 years? 6. Appendix: Venture Opportunity Screening model, references (in APA style), Turnitin similarity report screencaptureThe total length of your proposal should be one page. This means you will be presenting “high level” detail only. You need to becomprehensive and compelling, yet succinct… make every word count. Suggested word counts are below in grading rubric. Toaccompany your one page submission, included also is your Venture Opportunity Screening model, references in APA style plus yourTurnitin similarity report screen capture