This assignment builds on the ideas that you have for creating a small business. Planning what you...

Question

This assignment builds on the ideas that you have for creating a small business. Planning what you can afford and what is needed to gain financial backing is critical to success, and this is an area that can hurt small business owners financially in both the short and long run.

In this assignment, you will assess a small business opportunity and conduct initial research. Your final product will be an engaging presentation.

Note:It is recommended that you save this graded presentation for use in MGT/465.

Assignment Steps

Createa minimum 15-slide power point presentation about a potential business opportunity.

Describea small business that you would like to start or purchase.

Comparethe advantages and disadvantages between starting a business from scratch and buying an existing business.

Includedetails such as the number of employees, the type of facilities and equipment needed, target customer demographics, and marketing channels.

Identify 3 or 4 Potential Competitors for your proposed business. Describe these companies and discuss how you might respond to the competition.

Determinethe components that you will need to include in the financial section of your business plan, and explain how this information will be used to allocate funding for your business.

Includea final slide with the references from the different sources you used.

Submit your presentation.

Note: Please submit your presentation using power point.

Please study the grading rubric which is found at the bottom of these directions. The grading guide is considered part of the directions for this assignment.

Resources:
- Center for Writing Excellence
- Reference and Citation Generator
- Grammar and Writing Guides
- Learning Team Toolkit
Week 1 Grading Guide June 2020.docx

Copyright 2018 by University of Phoenix. All rights reserved.

Angel K · Accepted Answer

PowerPoint Presentation
Bikkie Bakers
Presented by
Business Plan	
There are a large number of small scale confectionery factories producing fresh baked goods and selling all over the country.
Our mission is to create our own brand and uniqueness for every product that we launch.
We plan to come up with a cookie that is three layered, harder in outer area and creamier and softer when it goes.
These special cookies has never been into the market and could be “First to Market”.
Our goal is to storm the market for cookies in the country and be one of the most sold cookie manufacturer.
Analysis of Potential Market
A cookie manufacturing business has a huge potential market, biscuits are consumed by almost every household on a daily basis.
 Cookies are demanded by every class of people whether it is urban or rural, it has got an equal demand.
It is an industry that has a high potential to gain a good profit and could provide a stability in business as demand of this product never ever declines.
The industry has also a drawback and that is too challenging, product innovations has to be made in regular intervals and has to come up with unique ideas and recipes to hold a stand in the market.
Starting a business vs. Acquiring existing business
Starting a new business
It would be good when we are on a limited budget.
Would be easier to shape new business as per our ideas in its initial stages rather than molding an existing one in its operating stage.
If there is a plan to do something undisrupted or bringing new innovation in market then the wise way to go is starting a business in its scratch.
It would be difficult to establish a customer base, to be introduced to market, to get best supplier relations, marketing a new business etc.
Acquiring an existing business
Buying an existing business means we take over an operation that’s already generating cash flow and profits.
We will be backed with an established business, experienced employees, machineries, infrastructure and a good reputation as well.
No burdensome of reinventing the wheel- setting up new procedures, systems and policies – since the business is already running on a successful formula.
Buying is too costlier than starting a new business but financing are easily available for buying business.

This assignment builds on the ideas that you have for creating a small business. Planning what you can afford and what is needed to gain financial backing is critical to success, and this is an area...

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