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BM564 Enterprise and Entrepreneurship

Question

Answered

Question:

The following must be included in your business plan:

  • Your Proposed Future Business. – What is the product/service (i.e. provide a clear description)? What does it do? What innovations does your idea bring to the market? Appropriate intellectual property rights (IPR) in order to protect your business idea/enterprise, if applicable
  • Customers – identify your target customers. B2B or B2C? Who are the end-users? Who will buy your product/service? What is the USP of product/service? What customer needs does the product/service meet? The underpinning research for the target market and an evaluation of the businesses’ position in the market
  • Competitors – who are your competitors for the product/service? What market share do your competitors have? Why might your customers buy your product/service rather than that of the competitors?
  • Skills analysis – what skills do you have for developing and taking your business idea forward? What skills do you need? How will you address any skills gaps that you might have?
  • Projected 2-year profit and loss account and proposed 2 years cash flow forecasts including break even
  • Finding, evaluating and selecting suitable sources of funding to grow the business opportunity
  • Your plans for obtaining your resources, both tangible and intangible between now and either 1-2 year ahead. This should include a breakdown of your start-up costs.
  • The type of organisation and the management information systems required to effectively control the business
  • Vision for your Business Idea – what future does your business have?

Evaluate the opportunities for advancing an idea so that it meets a market gap or requirement and allows the enterprise to grow into a growth sustainable business proposition

Analyse the skills and resources required for developing a business, including finance and people

BM564 Enterprise and Entrepreneurship

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PROJECT TWO GRIEVANCE (RIGHTS) ARBITATION This project contains the case of an employee who has been terminated by his company. His union has grieved the termination but the grievance has not been settled between the union and management. Therefore, the grievance has been referred to arbitration ...

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