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Innovation and Entrepreneurship Assignment Help
Task:
The Business Model and Plan
Developing an idea into a successful business requires entrepreneurs to develop a robust business model and synthesise this into a well-enunciated business plan. In essence, the business model is the operational framework around which a business plan is written, and presents a clear, realistic and articulate explanation of how you plan to start and grow your business.
In accordance with the material outlined in the prescribed text, you are encouraged to take the business idea you developed in Assessment 1.
Assessment 2 should be no longer than 3000 words, excluding appendices and references. Please be sure to address the assessment criteria below and as they are elaborated in the marking rubric provided in the Assessment 2 folder in Moodle.
Compelling explanation of the need for the new venture
Clear enunciation of proposed business model
Clear explanation of how the business model aligns with and informs relevant business plan components
Application of business plan structure and components
Project Plan for launch of new venture
Enunciation of critical risks, problems and assumptions associated with the business model and plan
Supporting evidence (Appendices that provide appropriate summaries of desk research, business model canvas, and other relevant materials
Quality of document evidenced by no spelling or grammatical errors, and correct use of APA referencing format
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