Business Venture Assignment
IMPORTANCE: This assignment will help you to apply your skills in order to explore the entrepreneurial mindset and elements required for a business plan. It will also enable you to reflect on CSR as it directly applies to the business idea that your group creates. Finally, this assignment will provide you with the opportunity to perform a PESTLE analysis to assess and better understand the operating environment for your business. All of these elements are integral to the new essential employability skills that students need to develop to be successful in today’s business environment.
Business Idea: come up with a business idea. The quicker you come up with an idea. To help you with ideas for businesses look at the following website: https:
sbsspe.feddevontario.canada.ca/en/developing-your-ideas - you will need to explain why the team chose the idea you settle on as part of this assignment, in the business opportunity section.
Create a partial business plan, once you have a business idea you will need to create a plan. To add a creative element to the plan and to ensure that too much content is not created, students will create a visual report using PowerPoint, see example below:
Remember, a business plan helps everyone involved clearly understand what the business is about including the business model, target market, costs involved and, in this case, social responsibility & analytical considerations as well. For the purposes of this assignment, we will create a partial business plan following most of the suggested elements from the Government of Canada website. Be sure to follow the elements outlined in the government of Canada website; remember, to take note of the sections to be omitted as indicated below. Use the website resources included to help you create the plan and understand the elements required. Include the following headings in the plan, remember to go to the website for the rest of the information: https:
sbs-spe.feddevontario.canada.ca/en
usiness-plan-guide.
1. Executive summary (business description)
a. Include all elements from this section
2. Identifying your business opportunity
i. Include all elements from this section, except: • Omit the date the business was registered/incorporated, address and contact information – *if you were doing this for real, you would include that information
ii. Include CSR aspect here
3. Marketing and sales strategy of the business plan
i. Include all elements
4. Your team
i. Include all elements, except: • Omit the recruitment, training plans and associated costs
5. Operations:
i. Include the first two sections only: Daily Operations & Facility Requirements
• Omit the last two sections
6. Financial forecasts of the business plan
i. Include Cash Flow statements for 3 months
• Omit the other sections
7. PESTLE Analysis
i. Be sure to connect how the PESTLE relates to the overall business idea in the executive summary.
WHEN YOU ARE DONE, CHECK:
Add a Table of Contents for the Business Venture
• that you have completed all sections indicated for the business plan
• that you have used MS PowerPoint to create the plan, export it as a PDF file for submission
• writing: there should be no spelling, typing or grammatical e
ors in the business plan
• references: use APA in-text citations for any research used in the writing of the business plan, include an APA reference list as the last slide
• formatting: use headings for each section, balanced images; document presentation looks professional.
Additional Resources - In addition to the resources needed to complete the business plan, our college li
ary resources on APA & Centre for Academic English for writing, you may find the below resources useful as well; each have excellent examples that are very easy to follow or useful information that will help:
• PESTLE Analysis: https:
pestleanalysis.com/how-to-do-a-pestle-analysis/
• How to Write Your Reports in PowerPoint Instead of Word: Nine Tips for Getting Started: https:
depictdatastudio.com/how-to-write-your-reports-inpowerpoint/
• APA Citation Guide, Columbia College: https:
columbiacollege-ca.libguides.com/apa
• ESL Writing Lab, Owl Purdue: https:
owl.purdue.edu/owl/english_as_a_second_language/esl_instructors_tutors/esl_ instructors_and_students.html