New Venture Creation

  New Venture Creation Order Description   refer to the textbook - Spin" rel="nofollow">inelli, S & Adams RJ 2016, New venture creation: entrepreneurship for the 21st century, 10th edn, McGraw Hill Education; Please in" rel="nofollow">include an executive summary, 1.5 lin" rel="nofollow">ine spacin" rel="nofollow">ing, table of contents, numbered headin" rel="nofollow">ings and 12 sans- serif font. Please reference (if required) Australian Busin" rel="nofollow">inesses only. a consultant for new busin" rel="nofollow">iness start-ups in" rel="nofollow">in your preferred in" rel="nofollow">industry. In the course of your work you thought of a great new busin" rel="nofollow">iness idea, which you want to pursue. Write a short busin" rel="nofollow">iness plan for your new busin" rel="nofollow">iness idea. Provide only a very brief overview of the marketin" rel="nofollow">ing strategy, except as it relates to the in" rel="nofollow">innovative aspects of your busin" rel="nofollow">iness idea. Because you are a consultant you should in" rel="nofollow">include references to appropriate theory to support and justify your decisions. Focus main" rel="nofollow">inly on the followin" rel="nofollow">ing discussion poin" rel="nofollow">ints: • Show your calculations for your estimate or forecasts for sales and costs in" rel="nofollow">in the first year at least. o When will the busin" rel="nofollow">iness start to make a profit? o How profitable will the busin" rel="nofollow">iness be when it is established? o How big will the busin" rel="nofollow">iness be then? For example, you could use employee or location numbers to in" rel="nofollow">indicate size. • Discuss your need for fin" rel="nofollow">inance 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 busin" rel="nofollow">iness start-ups. Address any weaknesses of your busin" rel="nofollow">iness idea. • Discuss your long-term goals in" rel="nofollow">in terms of harvestin" rel="nofollow">ing or exit strategies.