BM564 Enterprise and Entrepreneurship
Task
You will be in the form of a presentation of a sustainable business plan. You are required to produce a Power Point presentation which will pitch the business proposition to a panel of business experts who will ask questions to ascertain viability of your business proposition.
Your proposal could be a product or service based business in any sector and will need to include the following:
1. Motivation for choice of business
2. The process you went through to generate this business idea
3. Feasibility studies conducted
4. Details of the product/service to be offered
5. Potential market opportunities
6. Attractiveness of the industry
7. Vision for your business
Learning Outcomes
Plan the development of a business and pitch the proposition to potential investors and/or interested stakeholders.
Requirement
Motivation for choice of business
- Why this business idea?
- What has motivated you to do this business?
- You should choose a new business /product/service.
- For more details, look at Week 1&2 PPT (learning materials) via your own LSST connect
The process you went through to generate this business idea
- Did you conduct focus groups/interviews/survey, brainstorming, internet research and mind mapping?
- For more details, look at Week 3 PPT (learning materials) via your own LSST connec
Potential market opportunities
- Discuss the opportunities:
Are you observing trends, finding gaps in the market or solving a problem ?
- Include a PEST analysis, apply this to your product or service
- For more details, look at Week 3 PPT (learning materials) via your own LSST connect
Potential market opportunities
- Please include the 7 P’s Marketing Mix in this section, apply this to your product/service.
- For more details, look at Week 5 PPT (learning materials) via your own LSST connect
Attractiveness of the industry
- Apply Porter’s 5 forces to your chosen product/service
- For more details, look at Week 6 PPT (learning materials) via your own LSST connect
Vision for your business
- What is your vision for the business in the future (long-term)?
- For more details, look at Week 1 PPT (learning materials) via your own LSST connect