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Venture Creation – RoyalCustomEssays

Venture Creation

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post has two assignments

Legal Ethics

1) assignment guide on referencing and spacing

2) Q& A lexis nexis legal practice and ethics 2nd edition marlene ebejer

3) legal ethics coursebook

3:New Venture Creation

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Refer to the textbook – Spinelli, S & Adams RJ 2016, New venture creation: entrepreneurship for the 21st century, 10th edn, McGraw Hill Education; Please include an executive summary, 1.5 line spacing, table of contents, numbered headings and 12 sans- serif font. Please reference (if required) Australian Businesses only.
a consultant for new business start-ups in your preferred industry. In the course of your work you thought of a great new business idea, which you want to pursue.
Write a short business plan for your new business idea. Provide only a very brief overview of the marketing strategy, except as it relates to the innovative aspects of your business idea. Because you are a consultant you should include references to appropriate theory to support and justify your decisions.
Focus mainly on the following discussion points:
• Show your calculations for your estimate or forecasts for sales and costs in the first year at least.
o When will the business start to make a profit?
o How profitable will the business be when it is established?
o How big will the business be then? For example, you could use employee or location numbers to indicate size.
• Discuss your need for finance and justify the strategies you will use to get them. For example you could discuss your decisions around the use of debt and/or equity.
• Discuss how you will handle the challenges of fast growth and avoid the major pitfalls of new business start-ups. Address any weaknesses of your business idea.
• Discuss your long-term goals in terms of harvesting or exit strategies.

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