What role did each team member provide to obtain business plan information?
MGT/465 wk2
Title
ABC/123 Version X
1
Business Venture Preparation
MGT/465 Version 2
1
University of Phoenix Material
Business Venture Preperation
Part One: Business Venture Preparation
The business our team chose is: Products Business
Our justification for choosing this business is:
Team Member
Team Member Name (Nena)
Team Member Name (Anna)
Team Member Name (John)
Team Member Name
(Jessica)
Role
Research Results
Target Market
Competitor Data
350 word summay
Role
Reflection and Observations
Reflection and Observations
Reflection and Observations
Reflection and Observations
Role
Discuss if the business venture will be a full-time commitment or will start-up team members commit to part-time involvement.
Discuss if the business venture will be a full-time commitment or will start-up team members commit to part-time involvement.
Discuss if the business venture will be a full-time commitment or will start-up team members commit to part-time involvement.
Discuss if the business venture will be a full-time commitment or will start-up team members commit to part-time involvement.
Role
Discuss how the team members will get buy-in from family members to enter into this business venture.
Discuss how the team members will get buy-in from family members to enter into this business venture.
Discuss how the team members will get buy-in from family members to enter into this business venture.
Discuss how the team members will get buy-in from family members to enter into this business venture.
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:
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 Considered-Local,
State, and Federal
Types of Insurance to
Consider
Competitor Data
Pricing Model
Business Model
Business Model Key
Customers
Suppliers
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?
APA-formatted citation
APA-formatted citation
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