1. Select Lawn Service.
2. Complete Parts 1-3 of the Business Venture Preparation template after you have selected a business.
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3. Write a 350-word summary that references the Business Venture Preparation template.
Use a minimum of three resources.
Business Venture Preparation
Grading Guide
MGT/465 Version 2.0
3
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Learning: Business Venture Preparation
Purpose of Assignment
The purpose of this assignment is to initiate the process for creating a business plan and utilizing a team-development process. The Learning Team will use their critical thinking, collaboration, research skills, and business acumen in order to develop the business venture elements of the business plan. The team will also assess the mechanics of preparing this phase of the business plan through an observations and reflection summary.
Resources Required
Business Venture Preparation Document
Grading Guide
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Content
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Met
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Partially Met
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Not Met
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Comments:
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selects one of the listed businesses in the Weeks 2-5 Learning Team Assignment Instructions document.
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completes Part One of the Business Venture Preparation document including listing the business chosen and includes the justification, as well as the team member’s roles.
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completes Part Two of the Business Venture Preparation document regarding market research.
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completes Part Three of the Business Venture Preparation document discussing Learning Team reflection and observations.
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includes a summary that is 350-words in length that references the Business Venture Preparation.
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The team includes a minimum three sources.
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Total Available
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Total Earned
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5.5
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#/5.5
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Writing Guidelines
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Met
Partially Met
Not Met
Comments:
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The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
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Intellectual property is recognized with in-text citations and a reference page.
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Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
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Sentences are complete, clear, and concise.
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Rules of grammar and usage are followed, including spelling and punctuation.
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Total Available
Total Earned
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2.5
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#/2.5
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Assignment Total
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#
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8
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#/8
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Additional comments:
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Title
ABC/
1
23 Version X
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1
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Business Venture Preparation
MGT/465 Version 2
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1
serviceThis 350
Business Venture Preperation
Part One: Business Venture Preparation
The business our team chose is:
Our justification for choosing this business is:
· List each team member’s name and the role that they will be playing on the Business Start-up Team.
· Team member roles should accurately define the expertise each member contributes to the development of the business venture. Team members can possess more than one expertise.
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Team Member
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Team Member
Name (insert here)
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Team Member Name (insert here)
Team Member
Name (insert here)
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Team Member Name (insert here)
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Role
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General Manager
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Sales & Marketing
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Operations Manager
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Fincance & Administration
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Role
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Office Manager
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Marketing Manager
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Project Manager
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Administration Manager
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Role
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HR Manager
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Marketing Team
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Project Supervisors
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Administration Assistant
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Role
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HR Assistant
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Work Force
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Respond to the following questions regarding team member commitment to the business venture:
1) Discuss and document if the business venture will be a full-time commitment or will start-up team members commit to part-time involvement.
2) Discuss and document how the team members will get buy-in from family members to enter into this business venture.
Part Two: Market Research
Complete the following template based on the team’s marketing research results for your business venture:
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Marketing Element
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Research Results
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Consumer Need for
Product or Service
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Target Market
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Economy of Chosen
Location/City/Region
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Consumer Demographics
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Industry Research
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Barrier to Entry
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Current Market Saturation
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Suppliers
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Legal Business
Structure
to be used and
justification
for selection
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Government
regulations
to be
Consider
ed-Local,
State, and Federal
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Types of Insurance to
Consider
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Competitor Data
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Pricing Model
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Business Model
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Business Model Key
Customers
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Suppliers
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Business Size (Annual
Revenue $ )
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Business Location
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Part 3: Reflection and Observations
Answer the following questions:
1) What role did each team member provide to obtain business plan information?
2) What roadblocks did the team face when obtaining required information?
3) What lessons were learned during the week’s Learning Team assignment,which can be applied during the specific phase of business start-up?
4) What is the team’s overall observations of this week’s assignment relative to the type of information needed to develop a comprehensive business plan?
5) How does this week’s Learning Team assignment support the Learning Objectives?
References
APA-formatted citation
APA-formatted citation
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Copyright © 2016 by University of Phoenix. All rights reserved.
