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I need help with part 1 I would really appreciate it project consists of developing a plan and a schedule for a real project or
I need help with part 1 I would really appreciate it
project consists of developing a plan and a schedule for a real project or startup business. You do not have to perform the project or create the startup business for this course; rather, you have to develop a detailed plan and schedule for it. You may develop a plan and schedule for a project/business that you are currently working on, one recently completed, or one that you will be undertaking in the near future. The project/business may be related to your academic program, work experience, or personal. Your proposed project/business will include an economic feasibility study which shall be framed to pitch to any private equity, venture capital institution (similar to "Shark Tank). Size of the project/startup business must exceed a $10 million USD with option annual dividends paid out to investors. Most private equity or venture capital institution will want to see most of the following: Proprietary Intellectual Property Serves a large market size. Management team members with expertise and experience. Have a scalable business model. The ability to exit for at least $50 million or more within 5 years. A current valuation that allows for a good return on investment (at least 25% growth over short term period or doubles in a period of 10-year term.) Part 1 Business Plan/Project Proposal A startup business plan/project proposal serves several purposes. It can help convince investors or lenders to finance your business. It can persuade partners or key employees to join your company. Most importantly, it serves as a roadmap guiding the launch and growth of your new business. This section should convey your enthusiasm for your business idea and get readers excited about it, too. A good business plan is clear and concise. A person outside of your industry should be able to understand it. Avoid overusing industry jargon or terminology. Avoid making unsubstantiated claims or sweeping statements. Investors, lenders and others reading your plan will want to see realistic projections and expect your assumptions to be supported with facts. Your business plan/project proposal should briefly explain each of the below. 1. 2. 3. 4. 5. An overview of your business idea (one or two sentences). A description of your product and/or service. What problems are you solving for your target customers? Your goals for the business. Where do you expect the business to be in one year, three years, five years? Your proposed target market. Who are your ideal customers? Your competition and what differentiates your business. Who are you up against, and what unique selling proposition will help you succeed? Your management team and their prior experience. What do they bring to the table that will give your business a competitive edge? Financial outlook for the business. If you're using the business plan for financing purposes, explain exactly how much money you want, how you will use it, and how that will make your business more profitable. 6. 7 Step by Step Solution
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