BUSINESS IDEA JOURNAL (BIJ) . This assignment is done individually with 10% of the carry marks Each submitted BIJ assignment must consist of 10 business ideas. Out of these 10 ideas, you need to then choose ("narrow down to") the FIVE best ideas which you would like to pursue and evolve into your Final Business Plan's idea. You need to write some justifications why have you chosen these 5 best ideas. Why particular 5 ideas are special? What do you see in these chosen business ideas, which you do not see in the other ideas? To justify the selected 5 ideas, you need to evaluate these ideas from its opportunity's perspective" and its viability - financially and "technically". YOU MAY ALSO NEED TO DISCUSS IN TERMS OF COMPETITIVE ADVANTAGES (of your proposed business idea). BUSINESS IDEA JOURNAL (BIJ) RUBRICS FOR BIJ (30 MARKS - 10% FROM TOTAL CARRYMARKS) 1. Description of 10 feasible new venture ideas (5 marks) 2. Selection of Top 5 best venture ideas (5 marks) 3. What are the advantages or benefits of these 5 best ideas? (5 marks) 4. Are 5 best ideas - original, new concept, or is it a new combination or adaptation? (5 marks) 5. Are there any problems/issues the 5 best ideas might create? (5 marks) 6. What are the risks or challenges involved? (5 marks) BUSINESS IDEA JOURNAL (SAMPLE) Idea 1 - XX Idea 2 - XX Idea 3 -XX - Idea 4 - XX Idea 5 - XX - Ideas Questions Advantages/ Benefits 1. Easy to use as user just have to XXXX 1. Easy to use as user 1. Can be used straight 1. Reduced xxx just have to xxxx from user's mobile 2. XXX phone camera and 2. xxx XXX 1. Contains a wide collection of xxx 2. XXX 2. XXX 2. XXX New Concept New Concept New Concept New Concept New Concept New Concept New Combination or Adaption? XXX 1. XXX 1. XXX 1. XXX 1. XXX Problems it Might 1. Create 2. XXX 2. 2. XXX 2. . XXX 2. . XXX 2. XXX 1. XXX 1. XXX 1. XXX 1. XXX 1. XXX 2. XXX 2. 2 XXX 2. 2. XXX Risks or Challenges in Implementing the Idea 2. XXX 2. 2. XXX BUSINESS IDEA JOURNAL (BIJ) . This assignment is done individually with 10% of the carry marks Each submitted BIJ assignment must consist of 10 business ideas. Out of these 10 ideas, you need to then choose ("narrow down to") the FIVE best ideas which you would like to pursue and evolve into your Final Business Plan's idea. You need to write some justifications why have you chosen these 5 best ideas. Why particular 5 ideas are special? What do you see in these chosen business ideas, which you do not see in the other ideas? To justify the selected 5 ideas, you need to evaluate these ideas from its opportunity's perspective" and its viability - financially and "technically". YOU MAY ALSO NEED TO DISCUSS IN TERMS OF COMPETITIVE ADVANTAGES (of your proposed business idea). BUSINESS IDEA JOURNAL (BIJ) RUBRICS FOR BIJ (30 MARKS - 10% FROM TOTAL CARRYMARKS) 1. Description of 10 feasible new venture ideas (5 marks) 2. Selection of Top 5 best venture ideas (5 marks) 3. What are the advantages or benefits of these 5 best ideas? (5 marks) 4. Are 5 best ideas - original, new concept, or is it a new combination or adaptation? (5 marks) 5. Are there any problems/issues the 5 best ideas might create? (5 marks) 6. What are the risks or challenges involved? (5 marks) BUSINESS IDEA JOURNAL (SAMPLE) Idea 1 - XX Idea 2 - XX Idea 3 -XX - Idea 4 - XX Idea 5 - XX - Ideas Questions Advantages/ Benefits 1. Easy to use as user just have to XXXX 1. Easy to use as user 1. Can be used straight 1. Reduced xxx just have to xxxx from user's mobile 2. XXX phone camera and 2. xxx XXX 1. Contains a wide collection of xxx 2. XXX 2. XXX 2. XXX New Concept New Concept New Concept New Concept New Concept New Concept New Combination or Adaption? XXX 1. XXX 1. XXX 1. XXX 1. XXX Problems it Might 1. Create 2. XXX 2. 2. XXX 2. . XXX 2. . XXX 2. XXX 1. XXX 1. XXX 1. XXX 1. XXX 1. XXX 2. XXX 2. 2 XXX 2. 2. XXX Risks or Challenges in Implementing the Idea 2. XXX 2. 2. XXX