SlideShare a Scribd company logo
1 of 11
1
Course Learning Outcome(s) Assessed:
2.1 Evaluate factors to be considered in starting a business 25%
2.2 Explain the role of various functional areas in a start-up 25%
3.1 Write a plan for starting a new business 50%
Contents
I. Introduction
II. Requirements
Feasibility Analysis Interviews
First Screen
Business Plan
III. Project Files and Presentations
IV. Overview of the marking scheme for the Project
V. Plagiarism
2
I. INTRODUCTION
Generation of an idea is not enough to set up a new business unless the idea fills a need and
satisfies the criteria for an opportunity. An opportunity embodies the qualities of being
attractive, durable, and timely and is anchored to a product or service that creates value for
customers. A business idea that is viable as a real opportunity must stand the scrutiny of the
four components of feasibility analysis, namely, product/service feasibility, industry/target
market feasibility, organizational feasibility, and financial feasibility.
If a business idea falls short on one or more of these feasibility analyses, it should be dropped or
rethought. After the First Screen, a business plan should be prepared. A business plan is a
written document, typically, 25 to 35 pages long, that serves as a roadmap in the entrepreneur’s
venture from start-up to implementation of the business. It describes what the new business
intends to achieve and how it intends to achieve it. It acts as a dual-purpose document.
Internally, the business plan provides a roadmap to follow to execute the company’s strategies
and plans. Externally, it introduces potential investors and other stakeholders to the business
opportunity the company intends to pursue and how it intends to pursue. The business plan
describes all the relevant elements involved in starting a new business enterprise and is often an
integration of functional plans such as marketing, finance, manufacturing, and human resources.
II. REQUIREMENTS (the more important part)
Think of a new product or service idea that you can turn into a viable business enterprise in
Saudi Arabia.
Feasibility Analysis Interviews
Find successful entrepreneurs who are capable of giving you good quality feedback
regarding your business idea. Prepare an interview script, comprising of effective
feasibility analysis interview questions. Conduct feasibility analysis interviews with your
chosen entrepreneurs. You may find “Appendix 3.1 Tips for Conducting Feasibility
Analysis Interviews” helpful in this regard. You must include the feasibility analysis
interview questions to your final report. (see page 5 in this file)
First Screen
Based on the feedback obtained from the feasibility analysis interviews and the template
presented in “Appendix 3.2 First Screen”, conduct the feasibility analysis for your business
idea. All sections of “Appendix 3.2 First Screen” must be examined and discussed in your
3
justification for the overall assessment of your business idea.
Business Plan (guideline for business plan) see page 5 in this file
(the more important part)
Prepare a business plan and an investor presentation for your new product or service. Use
the guidelines presented in Chapter 6: Writing a Business Plan. Use Table 6.2 for the
Business Plan Outline and Table 6.5 for PowerPoint Slides to include in an Investor
Presentation. (see page 6 in this file) It is need for this project 3500 word
III. PROJECT FILES AND PRESENTATIONS
All project deliverables will be uploaded to Blackboard and students as a group (team leader)
will
upload their final reports into Blackboard on/before the due date. You must follow the APA
Guidelines to prepare all reports. Your submission must also include the presentation slides. The
due dates for the submission of reports and the presentation will be notified in class.
IV. OVERVIEW OF THE MARKING SCHEME FOR THE PROJECT
Pass mark (60%)
Show marginal knowledge of concepts and applications of operations management.
Able to apply some course content in practical situations.
Occasionally active when urged.
Poor writing skills.
C classification
Show acceptable knowledge of concepts and applications of operations management.
Able to apply course content in practical situations.
Active when prompted, contribute to team work reactively.
Acceptable writing skills.
B classification
Show good knowledge of concepts and applications of operations management.
Demonstrate good ability to apply course content in practical situations.
Active, contribute to team work keenly.
4
Good writing skills.
A classification
Show excellent knowledge of concepts and applications of operations management.
Demonstrate excellent ability to apply course content in practical situations
Enthusiastic, contribute to team work proactively.
Excellent writing skills.
V. PLAGIARISM
• Students are expected and encouraged to be honest and maintain the highest standards of
academic integrity in their academic work and assignments at the university. Any act of
academic dishonesty may result in severe consequences for violations. A misconduct form will
be submitted to Students Affaires.
• For a detailed description of academic misconduct please refer to the undergraduate PMU
Student Handbook.
5
Related to the Feasibility Analysis Interviews:
(Outline for a Comprehensive Feasibility Analysis)
Table 3.1 Feasibility Analysis
Part 1: Product/Service Feasibility
A. Product/service desirability
B. Product/service demand
Part 2: Industry/Target Market Feasibility
A. Industry attractiveness
B. Target market attractiveness
Part 3: Organizational Feasibility
A. Management prowess
B. Resource sufficiency
Part 4: Financial Feasibility
A. Total start-up cash needed
B. Financial performance of similar businesses
C. Overall financial attractiveness of the proposed venture
Overall Assessment
6
Related to the Business Plan part in: (Steps for writing a
Business Plan for the project)
(3500 word for this project)
(Outline of Business Plan)
A suggested outline of a business plan is shown on the next several
slides.
Most business plans do not include all the elements introduced in
the sample plan; we include them here for the purpose of
completeness.
Each entrepreneur must decide which elements to include in his or
her plan.
Section 1: Executive Summary
Executive Summary:
• Executive Summary
– The executive summary is a short overview of
the entire business plan.
– It provides a busy reader with everything that
needs to be known about the new venture’s
distinctive nature.
– An executive summary shouldn’t exceed two
single-spaced pages.
– Even though the executive summary appears at
the beginning of the business plan, it should be
written last.
 The plan itself will evolve as it’s
written, so not everything is known at
the outset.
Section 2: Industry Analysis:
Industry Analysis
• Industry Analysis
7
– This section should begin by describing the industry the
business will enter in terms of its size, growth rate, and
sales projections.
– Items to include in this section:
 Industry size, growth rate, and sales projections.
 Industry structure.
 Nature of participants.
 Key success factors.
 Industry trends.
 Long-term prospects.
Section 3: Company Description
• Company Description
– This section begins with a general description of the
company.
– Items to include in this section:
 Company description.
 Company history.
 Mission statement.
 Products and services.
 Current status.
 Legal status and ownership.
Key partnerships (if any)
Section 4: Market Analysis:
• Market Analysis
– The market analysis breaks the industry into segments
and zeroes in on the specific segment (or target market)
to which the firm will try to appeal.
– Items to include in this section:
 Market segmentation and target market selection.
 Buyer behavior.
 Competitor analysis.
 Estimate of the firm’s annual sales and market
share.
Section 5: The Economics of the Business:
• The Economics of the Business
8
– This section addresses the basic logic of how profits are
earned in the business and how many units of a
business’s profits must be sold for the business to “break
even” and then start earning a profit.
– Items to include in this section:
 Revenue drivers and profit margins.
 Fixed and variable costs.
 Operating leverage and its implications.
 Start-up costs.
 Break-even chart and calculations.
Section 6: Marketing Plan:
• Marketing Plan
‒ The marketing plan focuses on how the business will
market and sell its product or service.
‒ Items to include in this section:
 Overall marketing strategy.
 Product, price, promotions, and distribution.
 Sales process (or cycle).
 Sales tactics.
Section 7: Product (or Service) Design and Development Plan:
• Design and Development Plan
‒ If you’re developing a completely new product or service,
you need to include a section in your business plan that
focuses on the status of your development efforts.
‒ Items to include in this section:
 Development status and tasks.
 Challenges and risks.
 Projected development costs.
 Proprietary issues (patents, trademarks, copyrights,
licenses, brand names).
Section 8: Operations Plan:
9
• Operations Plan
‒ Outlines how your business will be run and how
your product or service will be produced.
‒ A useful way to illustrate how your business will
be run is to describe it in terms of “back stage”
(unseen to the customer) and “front stage” (seen
by the customer) activities.
‒ Items to include in this section:
 General approach to operations.
 Business location.
 Facilities and equipment.
Section 9: Management Team and Company Structure:
• Management Team and Company Structure
‒ The management team of a new venture
typically consists of the founder or founders and
a handful of key management personnel.
‒ Items to include in this section:
 Management team.
 Board of directors (if you have one).
 Board of advisors (if you have one).
 Company structure.
Section 10: Overall Schedule
• Overall Schedule
‒ A schedule should be prepared that shows the
major events required to launch the business.
‒ The schedule should be in the format of
milestones critical to the business’s success.
‒ Examples of milestones:
 Incorporating the venture.
 Completion of prototypes.
 Rental of facilities.
 Obtaining critical financing.
 Starting production.
 Obtaining the first sale.
10
Section 11: Financial Projections
• Financial Projections
– The final section of a business plan presents a
firm’s pro forma (or projected) financial
projections.
– Items to include in this section:
 Sources and uses of funds
statement.
 Assumptions sheet.
 Pro forma income statements.
 Pro forma balance sheets.
 Pro forma cash flows.
 Ratio analysis
For the power point slide and personation
(Presenting the Business Plan to Investors)
Twelve PowerPoint Slides to Include in an Investor Presentation
1. Title Slide
2. Problem
3. Solution
4. Opportunity and target market
5. Technology
6. Competition
7 Marketing and sales
7. Management team
8. Financial projections
9. Current status
10.Financing sought
11.Summary
11

More Related Content

Similar to enprership progect.docx

B6028 Education Redefined / snaptutorial.com
B6028  Education Redefined / snaptutorial.comB6028  Education Redefined / snaptutorial.com
B6028 Education Redefined / snaptutorial.comMcdonaldRyan184
 
Fresh Insights into Business Development Part 1
Fresh Insights into Business Development Part 1Fresh Insights into Business Development Part 1
Fresh Insights into Business Development Part 1Anthony Stephen Akinsida
 
1 BUS B899F Assignment 1 Date due 28 November 2019.docx
1 BUS B899F Assignment 1  Date due 28 November 2019.docx1 BUS B899F Assignment 1  Date due 28 November 2019.docx
1 BUS B899F Assignment 1 Date due 28 November 2019.docxjeremylockett77
 
Developing a business plan
Developing a business planDeveloping a business plan
Developing a business planelymar soriano
 
STARTUPS BUSINESS PLAN GUIDE
STARTUPS BUSINESS PLAN GUIDESTARTUPS BUSINESS PLAN GUIDE
STARTUPS BUSINESS PLAN GUIDEJuliet Scott
 
STARTUP BUSINESS PLAN GUIDE
STARTUP BUSINESS PLAN GUIDESTARTUP BUSINESS PLAN GUIDE
STARTUP BUSINESS PLAN GUIDEJuliet Scott
 
B6028 EXceptional Education/snaptutorial.COM
B6028 EXceptional Education/snaptutorial.COM B6028 EXceptional Education/snaptutorial.COM
B6028 EXceptional Education/snaptutorial.COM McdonaldRyan3
 
Business plan format report
Business plan format reportBusiness plan format report
Business plan format reportSaifulIslam885
 
Product Business Case Template
Product Business Case TemplateProduct Business Case Template
Product Business Case TemplateDemand Metric
 
B6028 Education Organization -- snaptutorial.com
B6028   Education Organization -- snaptutorial.comB6028   Education Organization -- snaptutorial.com
B6028 Education Organization -- snaptutorial.comDavisMurphyB58
 
Awah Favour Business Plan.pptx
Awah Favour Business Plan.pptxAwah Favour Business Plan.pptx
Awah Favour Business Plan.pptxFavourAwah
 
B6028 Effective Communication / snaptutorial.com
B6028  Effective Communication / snaptutorial.comB6028  Effective Communication / snaptutorial.com
B6028 Effective Communication / snaptutorial.comStokesCope30
 
B6028 Education Specialist / snaptutorial.com
 B6028 Education Specialist / snaptutorial.com B6028 Education Specialist / snaptutorial.com
B6028 Education Specialist / snaptutorial.comstevesonz112
 
Running head BUSINESS PLAN NAMEBusiness Plan NameStudent .docx
Running head BUSINESS PLAN NAMEBusiness Plan NameStudent .docxRunning head BUSINESS PLAN NAMEBusiness Plan NameStudent .docx
Running head BUSINESS PLAN NAMEBusiness Plan NameStudent .docxjoellemurphey
 
B6028 Expect Success/newtonhelp.com
B6028 Expect Success/newtonhelp.comB6028 Expect Success/newtonhelp.com
B6028 Expect Success/newtonhelp.commyblue23
 
B6028 Inspiring Innovation--tutorialrank.com
B6028  Inspiring Innovation--tutorialrank.comB6028  Inspiring Innovation--tutorialrank.com
B6028 Inspiring Innovation--tutorialrank.comPrescottLunt364
 
B6028 Enhance teaching - tutorialrank.com
B6028  Enhance teaching - tutorialrank.comB6028  Enhance teaching - tutorialrank.com
B6028 Enhance teaching - tutorialrank.comLeoTolstoy22
 
B6028 Effective Communication/tutorialrank.com
 B6028 Effective Communication/tutorialrank.com B6028 Effective Communication/tutorialrank.com
B6028 Effective Communication/tutorialrank.comjonhson177
 

Similar to enprership progect.docx (20)

B6028 Education Redefined / snaptutorial.com
B6028  Education Redefined / snaptutorial.comB6028  Education Redefined / snaptutorial.com
B6028 Education Redefined / snaptutorial.com
 
Fresh Insights into Business Development Part 1
Fresh Insights into Business Development Part 1Fresh Insights into Business Development Part 1
Fresh Insights into Business Development Part 1
 
1 BUS B899F Assignment 1 Date due 28 November 2019.docx
1 BUS B899F Assignment 1  Date due 28 November 2019.docx1 BUS B899F Assignment 1  Date due 28 November 2019.docx
1 BUS B899F Assignment 1 Date due 28 November 2019.docx
 
Business plan development external 2019 (1)
Business plan development   external 2019 (1)Business plan development   external 2019 (1)
Business plan development external 2019 (1)
 
Chapter 5 Presentation.ppt
Chapter 5 Presentation.pptChapter 5 Presentation.ppt
Chapter 5 Presentation.ppt
 
Developing a business plan
Developing a business planDeveloping a business plan
Developing a business plan
 
STARTUPS BUSINESS PLAN GUIDE
STARTUPS BUSINESS PLAN GUIDESTARTUPS BUSINESS PLAN GUIDE
STARTUPS BUSINESS PLAN GUIDE
 
STARTUP BUSINESS PLAN GUIDE
STARTUP BUSINESS PLAN GUIDESTARTUP BUSINESS PLAN GUIDE
STARTUP BUSINESS PLAN GUIDE
 
B6028 EXceptional Education/snaptutorial.COM
B6028 EXceptional Education/snaptutorial.COM B6028 EXceptional Education/snaptutorial.COM
B6028 EXceptional Education/snaptutorial.COM
 
Business plan format report
Business plan format reportBusiness plan format report
Business plan format report
 
Product Business Case Template
Product Business Case TemplateProduct Business Case Template
Product Business Case Template
 
B6028 Education Organization -- snaptutorial.com
B6028   Education Organization -- snaptutorial.comB6028   Education Organization -- snaptutorial.com
B6028 Education Organization -- snaptutorial.com
 
Awah Favour Business Plan.pptx
Awah Favour Business Plan.pptxAwah Favour Business Plan.pptx
Awah Favour Business Plan.pptx
 
B6028 Effective Communication / snaptutorial.com
B6028  Effective Communication / snaptutorial.comB6028  Effective Communication / snaptutorial.com
B6028 Effective Communication / snaptutorial.com
 
B6028 Education Specialist / snaptutorial.com
 B6028 Education Specialist / snaptutorial.com B6028 Education Specialist / snaptutorial.com
B6028 Education Specialist / snaptutorial.com
 
Running head BUSINESS PLAN NAMEBusiness Plan NameStudent .docx
Running head BUSINESS PLAN NAMEBusiness Plan NameStudent .docxRunning head BUSINESS PLAN NAMEBusiness Plan NameStudent .docx
Running head BUSINESS PLAN NAMEBusiness Plan NameStudent .docx
 
B6028 Expect Success/newtonhelp.com
B6028 Expect Success/newtonhelp.comB6028 Expect Success/newtonhelp.com
B6028 Expect Success/newtonhelp.com
 
B6028 Inspiring Innovation--tutorialrank.com
B6028  Inspiring Innovation--tutorialrank.comB6028  Inspiring Innovation--tutorialrank.com
B6028 Inspiring Innovation--tutorialrank.com
 
B6028 Enhance teaching - tutorialrank.com
B6028  Enhance teaching - tutorialrank.comB6028  Enhance teaching - tutorialrank.com
B6028 Enhance teaching - tutorialrank.com
 
B6028 Effective Communication/tutorialrank.com
 B6028 Effective Communication/tutorialrank.com B6028 Effective Communication/tutorialrank.com
B6028 Effective Communication/tutorialrank.com
 

More from Waseelsultan

Positive and negative things of internet.docx
Positive and negative things of internet.docxPositive and negative things of internet.docx
Positive and negative things of internet.docxWaseelsultan
 
Cybersecurity governance-1.docx
Cybersecurity governance-1.docxCybersecurity governance-1.docx
Cybersecurity governance-1.docxWaseelsultan
 
Access system.docx
Access system.docxAccess system.docx
Access system.docxWaseelsultan
 
data Analysis.docx
data Analysis.docxdata Analysis.docx
data Analysis.docxWaseelsultan
 
DNA Viruses-1.docx
DNA Viruses-1.docxDNA Viruses-1.docx
DNA Viruses-1.docxWaseelsultan
 
الباب الثالث - الربيعات والمئينات.pptx
الباب الثالث - الربيعات والمئينات.pptxالباب الثالث - الربيعات والمئينات.pptx
الباب الثالث - الربيعات والمئينات.pptxWaseelsultan
 
pdf-flexible-manufacturing-systemfms.pptx
pdf-flexible-manufacturing-systemfms.pptxpdf-flexible-manufacturing-systemfms.pptx
pdf-flexible-manufacturing-systemfms.pptxWaseelsultan
 
Cell_Manufacturing.ppt
Cell_Manufacturing.pptCell_Manufacturing.ppt
Cell_Manufacturing.pptWaseelsultan
 
the 8 wastes of lean manufacturing include.pdf
the 8 wastes of lean manufacturing include.pdfthe 8 wastes of lean manufacturing include.pdf
the 8 wastes of lean manufacturing include.pdfWaseelsultan
 
ethics%20assignment1.docx
ethics%20assignment1.docxethics%20assignment1.docx
ethics%20assignment1.docxWaseelsultan
 
MacDonald SWOT Analysis.docx
MacDonald SWOT Analysis.docxMacDonald SWOT Analysis.docx
MacDonald SWOT Analysis.docxWaseelsultan
 
Measuring the quality of health services for patients.pptx
Measuring the quality of health services for patients.pptxMeasuring the quality of health services for patients.pptx
Measuring the quality of health services for patients.pptxWaseelsultan
 

More from Waseelsultan (16)

Positive and negative things of internet.docx
Positive and negative things of internet.docxPositive and negative things of internet.docx
Positive and negative things of internet.docx
 
Cybersecurity governance-1.docx
Cybersecurity governance-1.docxCybersecurity governance-1.docx
Cybersecurity governance-1.docx
 
Access system.docx
Access system.docxAccess system.docx
Access system.docx
 
data Analysis.docx
data Analysis.docxdata Analysis.docx
data Analysis.docx
 
DNA Viruses-1.docx
DNA Viruses-1.docxDNA Viruses-1.docx
DNA Viruses-1.docx
 
الباب الثالث - الربيعات والمئينات.pptx
الباب الثالث - الربيعات والمئينات.pptxالباب الثالث - الربيعات والمئينات.pptx
الباب الثالث - الربيعات والمئينات.pptx
 
pdf-flexible-manufacturing-systemfms.pptx
pdf-flexible-manufacturing-systemfms.pptxpdf-flexible-manufacturing-systemfms.pptx
pdf-flexible-manufacturing-systemfms.pptx
 
Cell_Manufacturing.ppt
Cell_Manufacturing.pptCell_Manufacturing.ppt
Cell_Manufacturing.ppt
 
the 8 wastes of lean manufacturing include.pdf
the 8 wastes of lean manufacturing include.pdfthe 8 wastes of lean manufacturing include.pdf
the 8 wastes of lean manufacturing include.pdf
 
a159280334379.pdf
a159280334379.pdfa159280334379.pdf
a159280334379.pdf
 
ethics%20assignment1.docx
ethics%20assignment1.docxethics%20assignment1.docx
ethics%20assignment1.docx
 
MacDonald SWOT Analysis.docx
MacDonald SWOT Analysis.docxMacDonald SWOT Analysis.docx
MacDonald SWOT Analysis.docx
 
tommy.pptx
tommy.pptxtommy.pptx
tommy.pptx
 
MACDONALDS.pptx
MACDONALDS.pptxMACDONALDS.pptx
MACDONALDS.pptx
 
Measuring the quality of health services for patients.pptx
Measuring the quality of health services for patients.pptxMeasuring the quality of health services for patients.pptx
Measuring the quality of health services for patients.pptx
 
CS3501.pptx
CS3501.pptxCS3501.pptx
CS3501.pptx
 

Recently uploaded

"Paltr Packaging: Streamlined Order Process for Seamless Deliveries"
"Paltr Packaging: Streamlined Order Process for Seamless Deliveries""Paltr Packaging: Streamlined Order Process for Seamless Deliveries"
"Paltr Packaging: Streamlined Order Process for Seamless Deliveries"Aarisha Shaikh
 
UNIVERSAL HUMAN VALUES -Harmony in the Human Being
UNIVERSAL HUMAN VALUES -Harmony in the Human BeingUNIVERSAL HUMAN VALUES -Harmony in the Human Being
UNIVERSAL HUMAN VALUES -Harmony in the Human BeingChandrakantDivate1
 
Style Victorious Cute Outfits for Winners
Style Victorious Cute Outfits for WinnersStyle Victorious Cute Outfits for Winners
Style Victorious Cute Outfits for Winnersolva0212
 
UNIVERSAL HUMAN VALUES - Harmony in the Family and Society
UNIVERSAL HUMAN VALUES - Harmony in the Family and SocietyUNIVERSAL HUMAN VALUES - Harmony in the Family and Society
UNIVERSAL HUMAN VALUES - Harmony in the Family and SocietyChandrakantDivate1
 
2024_Rupantara Jogare Namajapa II Nishitharanjan
2024_Rupantara Jogare Namajapa II Nishitharanjan2024_Rupantara Jogare Namajapa II Nishitharanjan
2024_Rupantara Jogare Namajapa II NishitharanjanNishitharanjan Rout
 
Lesotho history, Basotho languages, Basotho mode of transport
Lesotho history, Basotho languages, Basotho mode of transportLesotho history, Basotho languages, Basotho mode of transport
Lesotho history, Basotho languages, Basotho mode of transporttobatsitlotliso004
 
PRINCESS OF DESIRE: MISADVENTURES OF A YOUNG GIRL
PRINCESS OF DESIRE:  MISADVENTURES OF A YOUNG GIRLPRINCESS OF DESIRE:  MISADVENTURES OF A YOUNG GIRL
PRINCESS OF DESIRE: MISADVENTURES OF A YOUNG GIRLmarianasoeiro3
 
Navigating Hypnotherapy Training: 7 Essential Considerations
Navigating Hypnotherapy Training: 7 Essential ConsiderationsNavigating Hypnotherapy Training: 7 Essential Considerations
Navigating Hypnotherapy Training: 7 Essential Considerationsrenewed edge
 
Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024
Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024
Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024DK PAGEANT
 
Ladies kitty party invitation messages and greetings.pdf
Ladies kitty party invitation messages and greetings.pdfLadies kitty party invitation messages and greetings.pdf
Ladies kitty party invitation messages and greetings.pdfShort Good Quotes
 
SINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITY
SINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITYSINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITY
SINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITYNgcNguyn951014
 
UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATION
 UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATION UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATION
UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATIONChandrakantDivate1
 
Top 10 Moisturising Cream Brands In India - Stelon Biotech
Top 10 Moisturising Cream Brands In India - Stelon BiotechTop 10 Moisturising Cream Brands In India - Stelon Biotech
Top 10 Moisturising Cream Brands In India - Stelon BiotechStelon Biotech
 

Recently uploaded (14)

"Paltr Packaging: Streamlined Order Process for Seamless Deliveries"
"Paltr Packaging: Streamlined Order Process for Seamless Deliveries""Paltr Packaging: Streamlined Order Process for Seamless Deliveries"
"Paltr Packaging: Streamlined Order Process for Seamless Deliveries"
 
UNIVERSAL HUMAN VALUES -Harmony in the Human Being
UNIVERSAL HUMAN VALUES -Harmony in the Human BeingUNIVERSAL HUMAN VALUES -Harmony in the Human Being
UNIVERSAL HUMAN VALUES -Harmony in the Human Being
 
Style Victorious Cute Outfits for Winners
Style Victorious Cute Outfits for WinnersStyle Victorious Cute Outfits for Winners
Style Victorious Cute Outfits for Winners
 
UNIVERSAL HUMAN VALUES - Harmony in the Family and Society
UNIVERSAL HUMAN VALUES - Harmony in the Family and SocietyUNIVERSAL HUMAN VALUES - Harmony in the Family and Society
UNIVERSAL HUMAN VALUES - Harmony in the Family and Society
 
2024_Rupantara Jogare Namajapa II Nishitharanjan
2024_Rupantara Jogare Namajapa II Nishitharanjan2024_Rupantara Jogare Namajapa II Nishitharanjan
2024_Rupantara Jogare Namajapa II Nishitharanjan
 
Lesotho history, Basotho languages, Basotho mode of transport
Lesotho history, Basotho languages, Basotho mode of transportLesotho history, Basotho languages, Basotho mode of transport
Lesotho history, Basotho languages, Basotho mode of transport
 
PRINCESS OF DESIRE: MISADVENTURES OF A YOUNG GIRL
PRINCESS OF DESIRE:  MISADVENTURES OF A YOUNG GIRLPRINCESS OF DESIRE:  MISADVENTURES OF A YOUNG GIRL
PRINCESS OF DESIRE: MISADVENTURES OF A YOUNG GIRL
 
Navigating Hypnotherapy Training: 7 Essential Considerations
Navigating Hypnotherapy Training: 7 Essential ConsiderationsNavigating Hypnotherapy Training: 7 Essential Considerations
Navigating Hypnotherapy Training: 7 Essential Considerations
 
Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024
Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024
Shining Bright: Diya Jain Represents Delhi As Miss Teen India Finalist-2024
 
Ladies kitty party invitation messages and greetings.pdf
Ladies kitty party invitation messages and greetings.pdfLadies kitty party invitation messages and greetings.pdf
Ladies kitty party invitation messages and greetings.pdf
 
SINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITY
SINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITYSINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITY
SINGLE PARENTS LONE PARENTHOOD: RESPONSIBILITY
 
@Abortion clinic tablets Kuwait (+918133066128) Abortion Pills IN Kuwait
@Abortion clinic tablets Kuwait (+918133066128) Abortion Pills IN Kuwait@Abortion clinic tablets Kuwait (+918133066128) Abortion Pills IN Kuwait
@Abortion clinic tablets Kuwait (+918133066128) Abortion Pills IN Kuwait
 
UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATION
 UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATION UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATION
UNIVERSAL HUMAN VALUES - INTRODUCTION TO VALUE EDUCATION
 
Top 10 Moisturising Cream Brands In India - Stelon Biotech
Top 10 Moisturising Cream Brands In India - Stelon BiotechTop 10 Moisturising Cream Brands In India - Stelon Biotech
Top 10 Moisturising Cream Brands In India - Stelon Biotech
 

enprership progect.docx

  • 1. 1 Course Learning Outcome(s) Assessed: 2.1 Evaluate factors to be considered in starting a business 25% 2.2 Explain the role of various functional areas in a start-up 25% 3.1 Write a plan for starting a new business 50% Contents I. Introduction II. Requirements Feasibility Analysis Interviews First Screen Business Plan III. Project Files and Presentations IV. Overview of the marking scheme for the Project V. Plagiarism
  • 2. 2 I. INTRODUCTION Generation of an idea is not enough to set up a new business unless the idea fills a need and satisfies the criteria for an opportunity. An opportunity embodies the qualities of being attractive, durable, and timely and is anchored to a product or service that creates value for customers. A business idea that is viable as a real opportunity must stand the scrutiny of the four components of feasibility analysis, namely, product/service feasibility, industry/target market feasibility, organizational feasibility, and financial feasibility. If a business idea falls short on one or more of these feasibility analyses, it should be dropped or rethought. After the First Screen, a business plan should be prepared. A business plan is a written document, typically, 25 to 35 pages long, that serves as a roadmap in the entrepreneur’s venture from start-up to implementation of the business. It describes what the new business intends to achieve and how it intends to achieve it. It acts as a dual-purpose document. Internally, the business plan provides a roadmap to follow to execute the company’s strategies and plans. Externally, it introduces potential investors and other stakeholders to the business opportunity the company intends to pursue and how it intends to pursue. The business plan describes all the relevant elements involved in starting a new business enterprise and is often an integration of functional plans such as marketing, finance, manufacturing, and human resources. II. REQUIREMENTS (the more important part) Think of a new product or service idea that you can turn into a viable business enterprise in Saudi Arabia. Feasibility Analysis Interviews Find successful entrepreneurs who are capable of giving you good quality feedback regarding your business idea. Prepare an interview script, comprising of effective feasibility analysis interview questions. Conduct feasibility analysis interviews with your chosen entrepreneurs. You may find “Appendix 3.1 Tips for Conducting Feasibility Analysis Interviews” helpful in this regard. You must include the feasibility analysis interview questions to your final report. (see page 5 in this file) First Screen Based on the feedback obtained from the feasibility analysis interviews and the template presented in “Appendix 3.2 First Screen”, conduct the feasibility analysis for your business idea. All sections of “Appendix 3.2 First Screen” must be examined and discussed in your
  • 3. 3 justification for the overall assessment of your business idea. Business Plan (guideline for business plan) see page 5 in this file (the more important part) Prepare a business plan and an investor presentation for your new product or service. Use the guidelines presented in Chapter 6: Writing a Business Plan. Use Table 6.2 for the Business Plan Outline and Table 6.5 for PowerPoint Slides to include in an Investor Presentation. (see page 6 in this file) It is need for this project 3500 word III. PROJECT FILES AND PRESENTATIONS All project deliverables will be uploaded to Blackboard and students as a group (team leader) will upload their final reports into Blackboard on/before the due date. You must follow the APA Guidelines to prepare all reports. Your submission must also include the presentation slides. The due dates for the submission of reports and the presentation will be notified in class. IV. OVERVIEW OF THE MARKING SCHEME FOR THE PROJECT Pass mark (60%) Show marginal knowledge of concepts and applications of operations management. Able to apply some course content in practical situations. Occasionally active when urged. Poor writing skills. C classification Show acceptable knowledge of concepts and applications of operations management. Able to apply course content in practical situations. Active when prompted, contribute to team work reactively. Acceptable writing skills. B classification Show good knowledge of concepts and applications of operations management. Demonstrate good ability to apply course content in practical situations. Active, contribute to team work keenly.
  • 4. 4 Good writing skills. A classification Show excellent knowledge of concepts and applications of operations management. Demonstrate excellent ability to apply course content in practical situations Enthusiastic, contribute to team work proactively. Excellent writing skills. V. PLAGIARISM • Students are expected and encouraged to be honest and maintain the highest standards of academic integrity in their academic work and assignments at the university. Any act of academic dishonesty may result in severe consequences for violations. A misconduct form will be submitted to Students Affaires. • For a detailed description of academic misconduct please refer to the undergraduate PMU Student Handbook.
  • 5. 5 Related to the Feasibility Analysis Interviews: (Outline for a Comprehensive Feasibility Analysis) Table 3.1 Feasibility Analysis Part 1: Product/Service Feasibility A. Product/service desirability B. Product/service demand Part 2: Industry/Target Market Feasibility A. Industry attractiveness B. Target market attractiveness Part 3: Organizational Feasibility A. Management prowess B. Resource sufficiency Part 4: Financial Feasibility A. Total start-up cash needed B. Financial performance of similar businesses C. Overall financial attractiveness of the proposed venture Overall Assessment
  • 6. 6 Related to the Business Plan part in: (Steps for writing a Business Plan for the project) (3500 word for this project) (Outline of Business Plan) A suggested outline of a business plan is shown on the next several slides. Most business plans do not include all the elements introduced in the sample plan; we include them here for the purpose of completeness. Each entrepreneur must decide which elements to include in his or her plan. Section 1: Executive Summary Executive Summary: • Executive Summary – The executive summary is a short overview of the entire business plan. – It provides a busy reader with everything that needs to be known about the new venture’s distinctive nature. – An executive summary shouldn’t exceed two single-spaced pages. – Even though the executive summary appears at the beginning of the business plan, it should be written last.  The plan itself will evolve as it’s written, so not everything is known at the outset. Section 2: Industry Analysis: Industry Analysis • Industry Analysis
  • 7. 7 – This section should begin by describing the industry the business will enter in terms of its size, growth rate, and sales projections. – Items to include in this section:  Industry size, growth rate, and sales projections.  Industry structure.  Nature of participants.  Key success factors.  Industry trends.  Long-term prospects. Section 3: Company Description • Company Description – This section begins with a general description of the company. – Items to include in this section:  Company description.  Company history.  Mission statement.  Products and services.  Current status.  Legal status and ownership. Key partnerships (if any) Section 4: Market Analysis: • Market Analysis – The market analysis breaks the industry into segments and zeroes in on the specific segment (or target market) to which the firm will try to appeal. – Items to include in this section:  Market segmentation and target market selection.  Buyer behavior.  Competitor analysis.  Estimate of the firm’s annual sales and market share. Section 5: The Economics of the Business: • The Economics of the Business
  • 8. 8 – This section addresses the basic logic of how profits are earned in the business and how many units of a business’s profits must be sold for the business to “break even” and then start earning a profit. – Items to include in this section:  Revenue drivers and profit margins.  Fixed and variable costs.  Operating leverage and its implications.  Start-up costs.  Break-even chart and calculations. Section 6: Marketing Plan: • Marketing Plan ‒ The marketing plan focuses on how the business will market and sell its product or service. ‒ Items to include in this section:  Overall marketing strategy.  Product, price, promotions, and distribution.  Sales process (or cycle).  Sales tactics. Section 7: Product (or Service) Design and Development Plan: • Design and Development Plan ‒ If you’re developing a completely new product or service, you need to include a section in your business plan that focuses on the status of your development efforts. ‒ Items to include in this section:  Development status and tasks.  Challenges and risks.  Projected development costs.  Proprietary issues (patents, trademarks, copyrights, licenses, brand names). Section 8: Operations Plan:
  • 9. 9 • Operations Plan ‒ Outlines how your business will be run and how your product or service will be produced. ‒ A useful way to illustrate how your business will be run is to describe it in terms of “back stage” (unseen to the customer) and “front stage” (seen by the customer) activities. ‒ Items to include in this section:  General approach to operations.  Business location.  Facilities and equipment. Section 9: Management Team and Company Structure: • Management Team and Company Structure ‒ The management team of a new venture typically consists of the founder or founders and a handful of key management personnel. ‒ Items to include in this section:  Management team.  Board of directors (if you have one).  Board of advisors (if you have one).  Company structure. Section 10: Overall Schedule • Overall Schedule ‒ A schedule should be prepared that shows the major events required to launch the business. ‒ The schedule should be in the format of milestones critical to the business’s success. ‒ Examples of milestones:  Incorporating the venture.  Completion of prototypes.  Rental of facilities.  Obtaining critical financing.  Starting production.  Obtaining the first sale.
  • 10. 10 Section 11: Financial Projections • Financial Projections – The final section of a business plan presents a firm’s pro forma (or projected) financial projections. – Items to include in this section:  Sources and uses of funds statement.  Assumptions sheet.  Pro forma income statements.  Pro forma balance sheets.  Pro forma cash flows.  Ratio analysis For the power point slide and personation (Presenting the Business Plan to Investors) Twelve PowerPoint Slides to Include in an Investor Presentation 1. Title Slide 2. Problem 3. Solution 4. Opportunity and target market 5. Technology 6. Competition 7 Marketing and sales 7. Management team 8. Financial projections 9. Current status 10.Financing sought 11.Summary
  • 11. 11