31 Dec Practical application of

Assignment – Purchasing a Business

Answer questions below. Copy each question and type your answers below it. Minimally, 2 paragraphs per question, 5-6 sentences per paragraph. Include content from the readings and your own research. Use APA formatting for cover page and when citing. Submit paper by Sunday at 11:59 pm.

List several factors an entrepreneur should consider before choosing a form of ownership?

Discuss the advantages and the disadvantages of franchising.

When evaluating an existing business that is for sale, what are several areas an entrepreneur should consider? Explain why.

Assignment – Feasibility

Answer questions below. Copy each question and type your answers below it. Minimally, 2 paragraphs per question, 5-6 sentences per paragraph. Include content from the readings and your own research. Use APA formatting for cover page and when citing. Submit paper by Sunday at 11:59 pm.

What is involved in a feasibility analysis, and what value might it provide?

Why are pro forma financial statement important to the financial planning process?

How can an entrepreneur launching a new business forecast sales?

Mid-Term Assignment – Business Plan Outline

Provide an outline of your Business Plan to date using either of the following options:

1) Option 1 -The Business Plan for a Startup Business document provided in Course Information – Introduction to Business Plan Assignment;

OR:

2) Option 2 – The 14 elements of a Business Plan starting on course text page 268.

Discuss your challenges and successes up to this point. Describe what you feel you may need help with.

Assignment – Globalization

Answer questions below. Copy each question and type your answers below it. Minimally, 2 paragraphs per question, 5-6 sentences per paragraph. Include content from the readings and your own research. Use APA formatting for cover page and when citing. Submit paper by Sunday at 11:59 pm.

Describe the barriers businesses face when trying to conduct business internationally. How can a small business owner overcome these obstacles?

What mistakes are first-time exporters most likely to make? Outline the steps a small company should take to establish a successful export program.

List and outline (1 paragraph per strategy) the nine strategies that small businesses can use to go global.

Assignment – Business Plan Update

Submit an update on your Business Plan. With 3 weeks left to go, discuss your progress to date, challenges encountered and questions you may have. Due by Sunday at 11:59 pm.

Final Assignment – Submit Small Business Plan Assignment

Business Plan Assignment

Everyone will have the opportunity to create a Business Plan proposal for a new or existing business, product, or service line. It is understood that 8 weeks is not enough time to develop a comprehensive plan, and a fictional plan is perfectly acceptable under these circumstances. The idea here is to practice creating a plan and understanding the steps necessary for submitting a successful Business Plan. The plan does not have to be for a new business; it can include the following:

An existing business you may like to buy

Creating a new department or division in an existing company

Developing a new product or service for an existing company (in essence you would be creating a new deparatment or division that would essentially start from the ground-up)

Other ideas you have with permission of the instructor

Many students take this opportunity to develop a plan for a business they would like to start part-time now, in the near future, or once they retire. This is perfectly acceptable and certainly encouraged. The idea is to get you excited about the process and possibility of actually using this research you will perform, for the actual plan once the time is right. Attached to this section is reference material that will help you better understand the structure and content of the Business Plan. Although very comprehensive, it is understood that the expectations for emulating these plans are significantly lowered for this course.

It is important to address each element of the Business Plan in your proposal, and the text does a great job in explaining this process. If you have any questions about any of the steps, please contact me for assistance. There are also discussion board questions specifically designed to help you navigate this process. You will have the opportunity to discuss your progress with other students and benchmark your progress.

Your business plan will be graded according to the following rubric:

Business Plan Rubric

Task

Point Value (out of 100)

Proper APA format, spelling, grammar, citations and references

20 points

Proper use of terms and concepts from the course – minimum 5 researched articles for background all within past 5 years

30 points

Insights from and application of course material

30 points

Practical application of course concepts – personal reflection on learning outcomes as they relate to this project

20 points