mgt/465

Part One: Business Venture Preparation

 

The business our team chose is:

 

Lawn Service

 

Our justification for choosing this business is:

 

 

 

The opportunity for new clients/customer is large due to newly built housing subdivisions.

 

 

 

  • 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.

 

Team Member

Team Member Name (insert here)

Team Member Name (insert here)

Team Member Name (insert here)

Team Member Name (insert here)

Team Member Name (insert here)

Team Member Name (insert here)

Role

Willie Singleton

 

 

 

 

 

Role

Business Description

Operations

Marketing Plan

Information Technology

Financial Plan

 

Role

Business

Summary

 

 

 

 

 

Role

 

 

 

 

 

 

Role

 

 

 

 

 

 

Role

 

 

 

 

 

 

Role

 

 

 

 

 

 

 

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.

 

  1. 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:

Marketing Element

Research Results

Consumer Need for

Product or Service

 

Target Market

Economy of Chosen

Location/City/Region

 

Consumer Demographics

 

Industry Research

Barrier to Entry

 

Current Market Saturation

 

Suppliers

 

Legal Business

Structure

to be used and

justification

for selection

 

Government

regulations

to be Considered-Local,

State, and Federal

 

Types of Insurance to

Consider

 

Competitor Data

Pricing Model

 

Business Model

 

Business Model Key

Customers

 

Suppliers

 

Business Size (Annual

Revenue $ )

 

Business Location

 

 

 

 

 

Part 3: Reflection and Observations

 

Answer the following questions:

 

  1. What role did each team member provide to obtain business plan information?

 

  1. What roadblocks did the team face when obtaining required information?

 

  1. What lessons were learned during the week’s Learning Team assignment,which can be applied during the specific phase of business start-up?

 

  1. 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?

 

  1. How does this week’s Learning Team assignment support the Learning Objectives?

References

 

APA-formatted citation

 

APA-formatted citation

 

Field of study: 
Date Due: 
Monday, January 25, 2021

Answer

Part 3: Reflection and Observations 2.

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Answer

Part One: Business Venture Preparation

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