MGN 410 Planning Business Strategy

MGN 410 Planning Business Strategy

MGN 410 Planning Business Strategy

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The Project Test your understanding of the fundamental knowledge and skillsof starting a new business from,ideationto execution.You mustprovide answers to the three phases of planning,and demonstrate the ability of outlining thenecessary processes of starting a business. Your answers should relate to the specific idea you want to start a business with, and provide as much research as possible. Phase 1 (10%)1.What was your entrepreneurial potential? •Please fill out the survey provided by BDCand includethe result. •Link is HERE2.What is your business idea? Please explain in detail. Including the following information:•What is the problem you are trying to solve?•What is the product/service?•Who is your target customer?•Where are you going to host this business?•What would be legal form of your business, and who is in charge of making decisions?•Any additional information you want to specify3. In order to start the business, what aspects would you consider? Rank them based on the priority and explain each one

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