ENTREPRENEURSHIP & NEW VENTURE CREATION

 

 

 

 

Students are required to provide a final business plan report that they have been working on in the midterm assessment. Revisit all the research and analysis done in the midterm assessment to improve the first part of your business plan
Include at least the following additional information in your business plan:

o Elevator Pitch – write a speech (1-3 minutes length) where you explain the business and where you try to persuade investors to participate in your business

o Sales forecast. Use at least two different methods to justify your year 1-5 sales forecast. Indicate what assumptions are you considering and what real/researched information are you using for the estimation

o Marketing strategy and budget. Explain the main 3 strategies you will use to achieve your sales
o Define the legal structure and the initial capital required
o Define the outsourcing services you will use. Describe all the functions that you have to cover and identify which ones you will hire

employees or you will do yourself and which ones will be provided by a third party. Justify your answer and estimate the cost of it o Risk & Insurances. Are you planning to hire any insurance policy?
o Basic Financial study:

 Calculate the break-even of your project
 Present a 5-year basic P&L. Explain the main assumptions and calculate the ROI

 

Sample Solution

Einarsen (1999) states that a lassa-faire leadership can create friction within the groups due to the lack of leadership. Although this maybe the case, due to the small group of the crew. The MERIT team used a very autocratic leaderships due to the possible seriousness of the wounds, as this method provided clear instructions on what needed to be done without having to worry about why (Stanley, 2016). A democratic leadership style may have worked well due to it allowing the delegation of the work to varying crew members to do the tasks required (Gastil, 1994) However due to the nature of injuries to the patient, they would not have benefitted from a democratic leadership style, as Frandsen (2014) states this style takes time to collect on the information and is slow. Frandsen (2014) states a more relaxed style, such as democratic, would have been good to put the patient at ease and be able gather the opinions of everyone who was there, which can lead to better staff satisfaction as their opinions are seen as of value. Frandsen (2014) does go on to explain that this process takes a long time to process the opinions and can lead to anxiety in experienced staff. This style of leadership would not have been effective as the situation required a rapid decision process. After the patient had been transferred to the major trauma centre for further assessment, I was able to reflect on the job with the senior paramedic and the MERIT team doctor about how the incident went. Pegg (2003) described the 5C’s of the mentoring model that works Discussing the challenges that we faced when dealing with the patient, the choices that we had, the consequences of our actions, what solutions that we could create and finally what was the conclusion of all our efforts. The author goes on to name this theory as the “pulling and pushing” methods between the mentor and the mentee. This type of method is a long term ongoing development style and was helpful after the situation to be able to look at how I had performed in my first trauma situation. Conclusion Zenger, Folkman & Stinnett (2010) suggest that the best leaders are often those who are able to inspire people to do the best work are leaders who are able to connect on an emotional level. Goleman (2011) states that the best leaders, no matter what style they use or what skills they have, are able to connect on an emotional level with those around them by having “emotional intelligence”. I initially chose the authoritative role as stated by Feldman et al (201

This question has been answered.

Get Answer
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, Welcome to Compliant Papers.