2. Business Venture Preparation

1. Select Lawn Service.

2. Complete Parts 1-3 of the Business Venture Preparation template after you have selected a business.

3. Write a 350-word summary that references the Business Venture Preparation template.

Use a minimum of three resources.

Business Venture Preparation

Grading Guide

MGT/465 Version 2.0

3

Learning: Business Venture Preparation

Purpose of Assignment

The purpose of this assignment is to initiate the process for creating a business plan and utilizing a team-development process. The Learning Team will use their critical thinking, collaboration, research skills, and business acumen in order to develop the business venture elements of the business plan. The team will also assess the mechanics of preparing this phase of the business plan through an observations and reflection summary.

Resources Required

Business Venture Preparation Document

Grading Guide

Content		Met		Partially Met		Not Met		Comments:
selects one of the listed businesses in the Weeks 2-5 Learning Team Assignment Instructions document.
completes Part One of the Business Venture Preparation document including listing the business chosen and includes the justification, as well as the team member’s roles.
completes Part Two of the Business Venture Preparation document regarding market research.
completes Part Three of the Business Venture Preparation document discussing Learning Team reflection and observations.
includes a summary that is 350-words in length that references the Business Venture Preparation.
The team includes a minimum three sources.
	Total Available		Total Earned
5.5	#/5.5

Met

Partially Met

Not Met

Comments:

Total Available

Total Earned

 

Writing Guidelines
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed, including spelling and punctuation.
2.5	#/2.5

Assignment Total	#	8	#/8
Additional comments:

Title ABC/ 1 23 Version X

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Business Venture Preparation MGT/465 Version 2

serviceThis 350

Business Venture Preperation

Part One: Business Venture Preparation

The business our team chose is:

Lawn service

Our justification for choosing this business is:

· List each team member’s name and the role that they will be playing on the Business Start-up Team.

· Team member roles should accurately define the expertise each member contributes to the development of the business venture. Team members can possess more than one expertise.

Team Member Name (insert here)

Team Member Name (insert here)

Role

Role

Role

Team Member			Team Member Name (insert here)	Team Member Name (insert here)
			Role	General Manager	Sales & Marketing	Operations Manager	Fincance & Administration
Office Manager	Marketing Manager	Project Manager	Administration Manager
HR Manager	Marketing Team	Project Supervisors	Administration Assistant
HR Assistant	Work Force

Respond to the following questions regarding team member commitment to the business venture:

1) Discuss and document if the business venture will be a full-time commitment or will start-up team members commit to part-time involvement.

2) Discuss and document how the team members will get buy-in from family members to enter into this business venture.

Part Two: Market Research

Complete the following template based on the team’s marketing research results for your business venture:

Suppliers

Marketing Element	Research Results
Consumer Need for Product or Service
Target Market
Economy of Chosen Location/City/Region
Consumer Demographics
Industry Research
Barrier to Entry
Current Market Saturation
	Suppliers
Legal Business Structure to be used and justification for selection
Government regulations to be Consider ed-Local, State, and Federal
Types of Insurance to Consider
Competitor Data
Pricing Model
Business Model
Business Model Key Customers
Business Size (Annual Revenue $ )
Business Location

Part 3: Reflection and Observations

Answer the following questions:

1) What role did each team member provide to obtain business plan information?

2) What roadblocks did the team face when obtaining required information?

3) What lessons were learned during the week’s Learning Team assignment,which can be applied during the specific phase of business start-up?

4) What is the team’s overall observations of this week’s assignment relative to the type of information needed to develop a comprehensive business plan?

5) How does this week’s Learning Team assignment support the Learning Objectives?

References

APA-formatted citation

APA-formatted citation

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Copyright © 2016 by University of Phoenix. All rights reserved.