Term Project- Business Plan and Business Model Canvas:
You are to prepare a 6-page (approximate) project paper (summary business plan) that does an analysis of a potential new venture. Six pages in addition to Title Pages and Business Model Canvas. This is to be a potential project in which title, problem, potential solution, target market, and competitors are presented. You may chose that on your own or interview potential entrepreneurs to obtain an idea. The hybrid business plan analysis is due on at the end of Week 10 by Sunday before midnight. As part of that you will create a Business Model Canvas. I will be available for discussion of ideas during the chat session. All papers are to be turned in electronically on the Blackboard system
Use the text and the syllabus to prepare an analysis that covers everything such as opportunity recognition, feasibility, industry and competitor analysis, business model, legal issues, financial analysis, team selection, getting funding, marketing, intellectual property, and strategies for growth and overcoming challenges.
You may choose to do this for a hypothetical idea of your own, or you may work with other university affiliated groups to prepare a plan for one of their proposed ventures. This is not to be an analysis of an already established venture.
Please follow the form shown in the chapter on business planning earlier in this course.
The template for this is also attached to this assignment.
