Below attached template for the data collection plan that needs to be done. The business idea is attached. please do it in a word file, a proper word document.

Get quality term paper help at Unemployedprofessor.net. Use our paper writing services to score better and meet your deadlines. It is simple and straightforward. Whatever paper you need—we will help you write it!


Order a Similar Paper Order a Different Paper

Below attached template for the data collection plan that needs to be done.

The business idea is attached.

please do it in a word file, a proper word document.

Below attached template for the data collection plan that needs to be done. The business idea is attached. please do it in a word file, a proper word document.

Below attached template for the data collection plan that needs to be done. The business idea is attached. please do it in a word file, a proper word document.
Part I: Strength of the Business Idea Extent to which the idea: Strong Takes advantage of an environmental trend Solves a problem Addresses an unfilled gap in the marketplace 2. Timeliness of entry to the market – Moderately timely 3. Extent to which the idea “adds value” for its buyer or end user – High 4. Extent to which the customer is satisfied by competing products that are already available- Very satisfied 5. Degree to which the idea requires customers to change their basic practices or behaviors- Small to no change required Part 2: industry related issues Number of competitors – Many Stage of the industry life cycle- Growth phase Growth rate of the industry- Moderate Importance of industry’s products and/or services to customers- Must have Industry operating margins- Moderate Part 3: Target market and customer-related issues Identification of the target market for the proposed new venture- Identified Ability to create “barriers to entry” for potential competitors- May or may not be able to create Purchasing power of customers- Moderate Ease of making customers aware of the new product or service- High Growth potential of target market- High Part 4: Founders’ related issues Founder’s or founders’ experience in the industry- Moderate experience Founder’s or founders’ skills as they relate to the proposed new venture’s product or service- moderate skills Extent of the founder’s or founders’ professional and social networks in the relevant industry- Extensive Extent to which the proposed new venture meets the founder’s or founders’ personal goals and aspirations- Strong Likelihood that a team can be put together to launch and grow the new venture- moderately likely Part 5: Financial issues Initial capital investment- Low Number of revenue drivers (ways in which the company makes money)- One Time to break even- Less than one year Financial performance of similar businesses- moderate Ability to fund initial product (or service) development and/or initial start-up expenses from personal funds or via bootstrapping- Low Overall potential Part I: Strength of the Business Idea- High Potential Part 2: industry related issues – moderate Part 3: Target market and customer-related issues – Moderate Part 4: Founders’ related issues – High potential Part 5: Financial issues- low potential Overall assessment- Moderate Summary-
Below attached template for the data collection plan that needs to be done. The business idea is attached. please do it in a word file, a proper word document.
Running Head: BUSINESS IDEA 0 Business Idea Name 2019081614 University BUSI 4046/4053- Final business plan Professor Wednesday, October 19, 2022 Part 1: Business Ideas Introduction Establishing and growing of business is important for the individuals involved. The ability of the business to be able to survive into the future relies on the ability of the company to overcome competition. When the business can develop and grow then the likelihood of getting out of the market is minimized (Rauch & Rijskik, 2013). Starting a business is important for the company as well as the owners of the business. When the business can grow they are most likely to expand to new regions (Davidson et al., 2010). There are different business ideas that I have which I will look at and rank the one which I will be able to start since it’s the high-ranking one. Business idea For my business, I have three main business ideas that are restaurant business, sports clothing, and travel website. Three of these ideas are unique and profitable. But out of these, I have chosen only one for a final business plan. So, My business idea that I am desiring to develop is a travel website that assists people in knowing where they can affordably go as well as enjoy. There are internal and external factors that could affect this business idea. Internally there is some nation that has got strict rules concerning health, safety as well as security for protecting tourists, there is a challenge with accessibility, lacking some products ad services, the challenge in accessing quality goods and services, the value of the money plus the marketing campaigns which will affect the popularity of the website. Externally the website will be impacted by the exchange rate, competition from other websites, restrictions in traveling, emerging new markets, and weather where tourists will not be assured of good weather where they are heading to. For all people who are looking for something exciting and rememberable, I have a really good platform, that is ‘travel with us, this is a website for this travel worldwide. Our website will give an affordable and comfortable chance to people who want to travel but don’t have much knowledge and experience. This website will give them a wonderful experience, as we will provide guides for the people who really need them. By this even we our generating employment for people who want to travel and work, so this platform would be very beneficial for those employees. Last but not least, as every business needs to be profitable, so for that we take different charges from every customer, so, first of all, there are some registration charges for people who want to travel with us and need guidance for their trip like how much it expenses them, which location would be affordable and enjoyable for them as per there budget and so on. It would be free guidance for people who register with us for a year. Then depending upon the location and number of people etc. we will charge the trip charges. All the information is on the website, we are here whenever they need us. Our tagline is ‘YOU NEED US, THE WORLD NEEDS YOU’. References Davidsson, P., Achtenhagen, L., & Naldi, L. (2010). Small firm growth. Foundations and Trends in Entrepreneurship, 6(2), 69-166. http://dx.doi.org/10.1561/0300000029 Rauch, A. & Rijskik, S.A. (2013). The effects of general and specific human capital on long-term growth and failure of newly founded businesses. Entrepreneurship Theory and Practice (3), 923-941

Writerbay.net

Our affordable academic writing services save you time, which is your most valuable asset. Share your time with your loved ones as our Unemployedprofessor.net experts deliver unique, and custom-written paper for you.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper