The document outlines instructions for financial management tasks and project planning for a course on entrepreneurship, detailing the requirements for financial objectives, forecasting, risk management, and operational strategies. It includes guidance on compiling a final report and presentation, with key components such as vision and mission statements, SWOT analysis, and risk assessment techniques. Additionally, it emphasizes the importance of project management tools like Gantt charts and outlines expectations for delivering a comprehensive presentation by the deadline.

1. BM301 Task 4 Instructions (due 08/12/2019)
Task 4: Financial Management
1) Financial objectives
a) Required Startup capital (how much do you need to start your
project?)
b) Do you have sponsors? If yes, who are they? Who are your
Funding plan?
2) Financial Forecast
a) Prepare an Income statement for 2 years.
b) Prepare a Breakeven Analysis.
c) Prepare a ROI Statement (only for those who have sponsors)
Full Report
Once you have done task 4, combine all of the tasks together
into one Word file and submit it through the Moodle on
08/12/2019.
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Prepared by Dr Nouf and Dr Abrar Fall 2019/2020
BM301 – Entrepreneurship and Innovation
Fall Semester 2019
Dr. Nouf Al-Bazie
Dr. Abrar Al-Enzi

2. Chapter 10: Operations and Risks
Overview
Operations Management
Risk Management
Operations Management
Key Activities
These are the activities that are important in producing the
company’s value proposition.
Examples:
Consulting
Designing
Web development
Driving
Key Resources
Key resources include everything needed for the business model
to succeed and the value proposition to be delivered.

3. It includes strategic resources needed to launch, maintain, and
improve the business, product or service.
Examples:
Intellectual property
physical and financial assets
Office space
Computers
People (staff)
Internet connection
Car
Electricity
Key Partnerships
Key partners are external people or organizations that support
your business.
Examples:
Partnerships
Suppliers
Joint ventures
Operating Plans and Critical Paths
Operating plans identify major processes and critical paths
needed to complete a project. One method that can be used to
monitor a project is a Gantt chart.
Gantt charts are a project planning technique used to present the
timing of each task required to complete a project.

4. Benefits of a Gantt Chart
Helps in planning tasks that needs to be completed.
Demonstrate task schedules.
Allows to plan the allocation of resources needed to complete
the project.
Helps to manage the dependencies between tasks.
When undertaking a project, Gantt charts are useful to monitor
the progress of the project and take actions when needed.
How to Develop a Gantt Chart
List all the tasks needed to complete the project.
Note the duration for each task.
List all task dependencies, if any. A task dependency is when
one task cannot start until another one has been finished.
Example: Task B cannot start until Task A is complete.
By completing the chant chart, you will be able to identify the
longest and shortest tasks needed to reach the end of the project
without impacting the project schedule.
Gantt Chart Sample
Risk Management

5. Introduction
Preparing a risk assessment gives a better understanding of the
kinds of risks that the company might face and its possible
consequences.
Risk management is an ongoing process that involves
identifying, assessing, mitigating and monitoring the impact of
the risk event.
Risk Identification
The first step in completing a risk assessment is to identify the
risks associated with the project.
Examples:
Technical
Cost
Schedule
Financial
People
Risk Assessment
After identifying the risks, the second step is to evaluate the
probability of each risk happening and its impact on the
organization.
Risk assessment involves two dimensions:
Probability
Impact

6. Probability
The probability aspect of risk assessment involves deciding how
likely is the risk going to occur.
There are three categories of probability:
High probability: the risk might occur once every one to two
years
Medium probability: the risk might occur once every three to
five years
Low probability: the risk might occur less frequently than once
in five years.
Impact
The impact aspect involves considering the amount of risk
effect on the organization, client or project.
There are three categories of impact:
High impact: the organization might be forced to terminate
activities as a result of a failure or occurrence defined by the
risk
Medium impact: the organization would continue but the risk
will have significantly effected its performance, timescales or
costs
Low impact: the impact would be small and easily managed at a
relatively routine level within the organization
Risk Assessment Matrix

7. Risk Mitigation
After the risk has been identified and evaluated, the next step is
develop the most appropriate actions to reduce or eliminate the
risk
It can be done in the following ways:
Risk Elimination: develop actions that would eliminate the risk
or reduce it to an acceptable level.
Risk Reduction: is an attempt to reduce the risk by increasing
internal control, training or supervision depending on the nature
of the risk.
Risk Transfer: is a risk reduction method that transfers both
internal and external the risk to another party.
Risk Acceptance: simply accept all risks, but plan to manage or
monitor the risk and put in place. This strategy is adopted if it
is not possible to address a specific risk in any other way.
Risk Monitoring and Control
Monitoring and control is a method used to determine how well
is the risk management plan is designed in terms of tracking
potential risks, overseeing the implementation of risk plans, and
evaluating the effectiveness of risk management procedures.
Risk Management ExampleRisk AreaRisk IdentificationRisk
AssessmentRisk MitigationHealth and safety Significant
accident or incident Probability: Low
Impact: MediumDefine appropriate health and safety policies
and review them regularly
Record and report all accidents/incidents and ensure lessons are

8. learnt. IT Complete loss of IT services due to computer or
power failureProbability: Low
Impact: HighEnsure all equipment has automatic local back-up
Ensure all data is regularly backed-up and filed by each
operator
BM301 Task 3 Instructions (due 28/11/2019)
Executive Summary
Summarize the report in 5 sentences maximum. Explain the
purpose of doing the report, the product you chose and why
(what problems are you trying to solve) and the chosen target
market.
Operations and Risk
1. Operation plan
a) Management team:
· Who are your Key management?
· What skills do they have? Do they have experience?
· What is their title or position in the company?
· Describe their duties and responsibilities
For Example:
Salem: HR manager in charge of recruitment, promotions,
salaries, etc. Salem 30, worked as an HR officer for 6 years
before being promoted to HR manager at NBK after completing
his Bachelor’s degree in Business management at KCST. He is
also responsible for the supervision of all plant employees.
b) Company Structure:
· What is the structure of your company?
· This section sets up the hierarchy of the people involved in
your business based on chart form.

9. For Example:
c) Key Resources, Activities, and Partnership: (see chapter 10)
· Describe the most important activities that needs to be done to
make your business running and to deliver your product to the
market.
· Describe the most important recourses needed to develop your
product and make your business successful.
· Are there any external financiers/investors supporting your
business? Who are they?
2. Risk Plan (2-3 points at least)
a) Identifying 2-3 risks related to your chosen business.
b) Assess the level of risks in terms of probability and impact.
c) Explain how you will solve (mitigate) each identified risk.
For Example:
Risk Area
Risk Identification
Risk Assessment
Risk Mitigation
Health and safety
· Significant accident or incident
· Probability: Low
· Impact: Medium
· Define appropriate health and safety policies and review them
regularly
· Record and report all accidents/incidents and ensure lessons
are learnt.
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10. Prepared by Dr Nouf and Dr Abrar Fall 2019/2020
BM301 Task 2 Instructions (due 7/11/2019)
Business Details
1. Vision statement explains the desired future position of the
company in terms of what you hope to achieve or to become in
the future.
a) What is unique about doing business with you?
b) What problem are you wishing to solve?
c) What is your aim for the future?
Examples: Disney: To make people happy.
IKEA: To create a better everyday life for the many
people.
2. Mission statement: This captures the main idea of your
business, usually written in few words, maximum one sentence.
a) Why should your business idea exist?
b) What’s its purpose? Reason for being?
Examples: Facebook: “To give people the power to share and
make the world more open
and connected.”
Twitter: “To give everyone the power to create and share ideas
and information instantly, without barriers.”
ASOS: “To become the number 1 fashion destination for 20-
somethings globally.”
Paypal: “To build the Web’s most convenient, secure, cost-
effective payment solution.”
3. Values Statement: What values will shape your idea
a) What does your business believes in?
b) What is the emotional connecting points between your
business and its stakeholders (not just customers)

11. c) Why should anyone engage with your business and keep
coming back?
Examples of values:
· Reliability
· Loyalty
· Commitment
· Open-mindedness
· Consistency
· Honesty
· Efficiency
· Innovation
· Creativity
· Motivation
· Compassion
· Spirit of adventure
4. Value proposition: the reason why customers buy from you.
a) What values are you willing to offer your customers?
b) Which customers’ needs are you willing to satisfy?
Example: Newness: offering something that’s new that no one is
offering.
High performance: by improving the product or service
Customization: developing product that satisfy each individual
customer need
Price: you could offer value by lowering prices to satisfy those
who are price sensitive.
5. SWOT Analysis (Strength, Weakness, Opportunity and
Threats)- write three points for each.
Strengths:
· What are your assets?
· Which one of those assets is the strongest?
· What makes you better than your competitors?
· Do you have a strong customer base?
· What is the unique thing about your company?
· How skilled are your labors?

12. · What are the things that other people say you do well?
· Do you have experience in this task (mission) before?
· What are the advantages you have over your rivals?
Weakness:
· What areas do you need improvement on?
· What are the things you need to avoid?
· What areas do your competitors have an advantage on?
· Are you lacking in knowledge?
· Are your employees not skilled enough?
· Do you have enough investment to start such a project?
· Is your customer base too low?
· Are you making enough profit?
· Is your competitor running miles ahead of you?
Opportunity:
· What external changes will bring your opportunities?
· Can you take advantage of the local market?
· What is the market missing? Can you provide that missing link
for the consumers?
· Is your rival company failing to satisfy their customer base? If
so, can you steal their customers?
· Will natural causes like weather and climatic changes give you
the competitive edge?
· Is your brand name helping you to get finance easier?
Threats:
· What are the negative aspects in the current market?
· Are there potential competitors who can give you a
competition in the future?
· Are your key staff members satisfied with their wages and
other benefits? Do you see them being stolen by your rivals?
· Do you see a change in consumer taste?
· Are the government regulations going to affect you?
· Will political instability hurt you?

13. Example of a SWOT analysis can be found in the last Slide of
Chapter 7
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Prepared by Dr Nouf and Dr Abrar Fall 2019/2020
PowerPoint Instructions for BM301 (Deadline: 08/12/2019)
The following instructions that should be included in the group
presentation:
1. Questions to be answered and included in the presentation:
· Briefly talk about the chosen product and why it is important?
· Explain your business details in terms of mission, vision and
values.
· Include the SWOT analysis
· Include the market analysis and the market strategy.
· Include the risks that you might face and how you could
mitigate them?
· Include the required start-up capital and who will finance you
project?
2. Suggested structure for the final presentation:
Content
(Minimum) Number of slides
Title – Group members
1 slide
Introduction
1-2 slide
Business Details (mission, vision & values statement)

14. 1-2 slides
SWOT Analysis
1-2 slides
Market Analysis (Target Market & Porter’s analysis)
2-4 slide
Market Strategy ( Marketing Mix or CANVS Model)
2-5 slide
Operations plan (Only the Company’s Structure)
1 slide
Risk Plan
1 slide
Financial Management (financial objectives)
1 slide
Summary, conclusions
1 slide
Reference
1 slide
Total
Approximately 20-25 slides
The Presentation should be submitted through the Moodle to
your respective professor. It should include:
· Pictures, tables or animation.
· Should be approximately between 20-25 slides.
· Planned to last between 15-20 minutes. Try not to read the
slides.
· After each presentation there will be time for questions, and
the grading of the presentations will also take into account the
way the questions are handled by the group.
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Prepared by Dr Nouf and Dr Abrar Fall 2019/2020