Question Details

[answered] MGT 190. Entrepreneurship MGT 190. Entrepreneurship Assignm

Need help with a business plan please see the attach assignment?

MGT 190. Entrepreneurship MGT 190. Entrepreneurship




Mgt 190 is one of two capstone courses for students in the BBA degree program.


The goal of both courses is to encourage students to draw upon their knowledge


and insights in order to address real world business problems.


Please follow the Syllabus listed in Course Information on when to complete this


assignment for the course.


When submitting assignments, please follow these instructions:


Document Structure: Assignments should be submitted in Microsoft Word or RTF


format. They should be professional looking and include a first page containing:


? Your Name


? Your StudentID


? Course Number


? Course Name


? Title of the Assignment


All documents should have page numbers as well.




When venture capitalists are asked what they consider most carefully when


deciding whether or not to fund a new venture, they consistently respond: ?We


are most concerned with the quality of the management team and the quality of


the business plan.?


The business plan is an important component of a business start-up. It forces


the business owner and his/her management team to reflect seriously on the


goals of their venture and the steps necessary to launch and maintain it


successfully. The very act of constructing a business plan offers an important


learning experience to the business owner, because it requires him/her to take a


comprehensive view of all aspects of the new venture: organizational, financial,


marketing/sales, legal, operational, and IT. 2016 University of Management and Technology 1 MGT 190. Entrepreneurship Outside investors find the business plan to be important because it offers


them a revealing picture of how the new venture will be organized and what it will


achieve. Of equal importance, the business plan enables them to determine how


effective the owner and his/her management team will be in launching and


maintaining the venture. If the business plan is poorly written, inconsistent, and


unrealistic, then the investors will not fund the venture, because they know that it


will likely fail. If you cannot write a compelling business plan, then it is unlikely


that you will be able to establish a viable business. On the other hand, a wellcrafted, compelling, and realistic business clan suggests that the owner and


his/her management team know what they are doing.


This assignment has you put together a short business plan. In constructing


it, follow the outline provided later in this guide. As you organize and write it, keep


reminding yourself that the point of the document is to force you to think through


the most significant issues needed to launch and maintain the business


successfully, and to convince investors to provide you with funds because you


have a good money-making idea and know what you are doing.


Selecting a business venture


Write a business plan for one of the two following ventures: Option A. Expanding a one-store operation to a two-store operation


Assume you currently run a small retailing business in the lobby of a


large office building. Your store occupies 1000 square feet of space. You


spend fifty hours a week at the store and hire two employees, each of


whom spends thirty hours a week at the store. Your annual revenues are


between $150,000 - $300,000 a year. The products you sell are a mixed


bag of items. Basically, you stock up with items that occupants of the office


building will want, including snacks, pre-wrapped sandwiches,


bottled/canned beverages, greeting cards, newspapers, paperback books,


and small gift items that the building?s tenants might find attractive.


A new office building will open two blocks away from the building you


now occupy. You would like to expand your business to that building. In


fact, you begin to dream that you can establish a chain of such stores in


large buildings downtown. You have even cooked up a name for the


potential chain, ?Buster?s? (named after your pet Labrador retriever).


At this point, you are not sure how you want to fund the expansion. You


need to put together a business plan to develop a sense of the financial


requirements of the new operation. You may decide to fund it using your


savings and by taking out a second mortgage on your house. Three other


options are to borrow money from the bank, borrow money from friends


and family, or to have friends/family assume an equity role in your


business as investors. In any event, your business case would be used to


borrow the money or to attract investors.


Write a business plan that describes this proposed venture. 2016 University of Management and Technology 2 MGT 190. Entrepreneurship Option B. Establishing Nerd Patrol ,a computer services company


John Robbins, Mary Singh, and Nabil Quresh are best friends in


college. John and Mary are computer science majors, while Nabil receives


his degree in business administration. After graduating, each goes his/her


separate way. John and Mary work as systems engineers in large


technology companies, while Nabil joins the sales staff of a software


engineering services company. Both John and Mary become fully certified


on Microsoft and Oracle software products.


Five years after graduating, the three friends get together and toy


with the idea of setting up a company to provide individuals and small


businesses with a full range of computer and networking services


including hardware and software upgrades, hardware repairs, debugging


software problems, dealing with network problems, . They would model


their business after the established franchise, Geek Squad. They would


call their service Nerd Patrol.


In putting together their business plan, they have a wide range of


options they can pursue. For example, they can start cautiously, with John


being the only full-time employee at the outset, then having Mary and


Nabil join the venture later (low start-up costs). Or else they can try launch


Nerd Patrol as a full-fledged operation (high start-up costs). Identify a


strategy that they can pursue, then develop a business plan that describes


their proposed venture.


Outline of the Business Plan Document In the world of real business, business plans can take on a variety of shapes


and sizes. They may range in length from a few pages to hundreds of pages,


depending on the nature of the venture. They can be filled with detailed financial


and marketing data, or simply a brief sketch of financial and marketing


requirements ? depending on how much data are available. They can be highly


structured or casual. There is no one best way to structure a business plan.


In this assignment, you should keep the business plan short: 10-15 pages of


text, typed single-spaced, using 12-point font. Charts and tables are extra. You


should also employ the following outline, which captures the chief elements of


typical business plans:


1) Introduction and brief description of the venture


a) Introduction (e.g., ?This business plan describes a proposed venture to


expand Buster?s from a one-store to two-store operation.?)


b) Description of the business (?Buster?s is a small store located in the lobby


of a large office building ??) 2016 University of Management and Technology 3 MGT 190. Entrepreneurship c) Business aspirations (e.g., ?Ultimately, we hope to expand Buster?s so that


it becomes a chain of 10-15 stores situated in downtown office buildings.?)


2) Organization of the business and key players (e.g., ?Marsha Jones is


owner and principal manager of Buster?s. The current store employs two


people, each of whom works at the store 30 hours a week ? The proposed


store will be managed by Ms. Jones ??)


a) Owner(s) ? role(s) and qualifications


b) Company legal structure (e.g., sole proprietorship, partnership, LLP, SCorporation, C-corporation)


c) Management team ? roles and qualifications


d) Employees ? roles and qualifications


e) Contractors/vendors (as appropriate) ? roles and qualifications


3) Financials


a) Anticipated operating costs of the new business (e.g., What are the


anticipated expenses of operating the business in a typical month?)


b) Anticipated investment requirements to launch the new venture (e.g.,


furnishing facilities, inventory purchases, meeting payroll during the first


six months of operation)


c) Anticipated revenue


d) 2016 University of Management and Technology 4 MGT 190. Entrepreneurship e) Pro-forma cash flow projection for the first year of operation REVENUES Month 1 Month 2 Month 3 Month 4 Etc. Rev source A


Rev source B


















FLOW f) Payback point (taken from the pro forma cash flow statement)


g) Anticipated return on investment from the perspective of three years into


the venture


4) Marketing/Sales


a) Summary of a marketing/sales strategy


b) Marketing/sales requirements for the business


i) Price of goods/services


ii) Product


iii) Promotion


iv) Place


c) Competition


2016 University of Management and Technology 5 MGT 190. Entrepreneurship 5) Operations


a) Location of the business


b) How the business will be operated (e.g., hours of operation, procedures to


produce goods/services, special operations issues)


6) Legal and sundry issues


a) Legal and related issues that need to be addressed (e.g., Liability,


intellectual property, structuring the business, commercial law issues, etc.)


b) How legal issues will be handled (e.g., in-house attorney, use of outside


legal services)


7) Major challenges


a) A realistic assessment of the challenges facing the new venture 2016 University of Management and Technology 6 MGT 190. Entrepreneurship How You Will Be Graded


1. Did you follow the instructions for the assignment?


No 1 2 3 4 5 Yes


2. Have you engaged in solid research of the topic? Do you have your facts




No 1 2 3 4 5 Yes


3. Are your arguments logical and compelling?


No 1 2 3 4 5 Yes


4. Is your presentation well-written (proper grammar, good flow, without


spelling errors)?


No 1 2 3 4 5 Yes


5. Are organizational issues for the new venture handled effectively?


No 1 2 3 4 5 Yes


6. Are financial issues for the new venture handled effectively?


No 1 2 3 4 5 Yes


7. Does the business plan reflect an effective handling of marketing and


sales issues?


No 1 2 3 4 5 Yes


8. Is your business plan practical and realistic?


No 1 2 3 4 5 Yes


9. Would a potential investor have confidence that your proposed venture will




No 1 2 3 4 5 Yes 2016 University of Management and Technology 7


Solution details:

This question was answered on: Sep 18, 2020

PRICE: $15 (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .

About this Question






Sep 18, 2020





We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.


Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.


Order Now