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devry sbe440 week 1 discussion dq 1& dq 2 latest 2016 may
Business Planning (graded)
Why should small business owners and entrepreneurs spend time
planning for their business when creating the business takes so much effort?
Does failing to plan mean that one plans to fail?
From Concept to a Business (graded)
What is the necessary requirement to turn a business idea into a
business? If you don’t have customers willing to buy your new product or service at a price that gives you a profit, do you really have a business? devry sbe440 week 2 discussion dq 1& dq 2 latest 2016 may
The 60 Second Elevator Pitch (graded)
Peter Lynch (a legendary investment fund manager) once said that
he wouldn’t invest in a company unless he could explain its business in five minutes or less to his 12 year old son. Why is the 60 second elevator pitch so important?
How might you explain a high-tech idea to someone who is not tech savvy?
Identifying the Competition (graded)
Is there any business that has no competitors?
If your business is so attractive, why aren’t others already in it?
devry sbe440 week 3 discussion dq 1& dq 2 latest 2016 may
Inducing Your Customers to Buy (graded)
What are the differences between products and services that are
needs rather than wants?
How do you know if a potential customer is ready to buy?
Promoting a New Business (graded)
How do high tech companies (e.g. Apple, Microsoft, Dell, and HP)
promote new products to generate maximum customer interest?
Can you promote the scarcity of initial products as a sales
gimmick? devry sbe440 week 4 discussion dq 1& dq 2 latest 2016 may
Small Businesses’ Legal Structures (graded) For the business you chose, what form of ownership seems best? Why? Discuss the pros and cons of the alternative forms of ownership that lead to your decision. Does a corporation really mitigate legal risks to the operator of the business? If so, how are the risks mitigated? What risks remain?
Management Resources (graded) Assuming that you do not possess all of the skills to carry out every business function, which management skill would you acquire first, and why? What are the advantages and disadvantages of outsourcing key management functions, such as marketing and finance? devry sbe440 week 5 discussion dq 1& dq 2 latest 2016 may
Key Initial Operating Decisions (graded)
For your specific business, what is the single most important
operating decision you need to make before startup?
If you produce a product, does it have value as an intellectual property? If
so, how can you protect it?
Operational Controls (graded)
Define 2–4 key operating metrics that can help control your
operation. What are the industry standards for these metrics?
How will you balance your time between new product or service innovations and
current operational controls? devry sbe440 week 6 discussion dq 1& dq 2 latest 2016 may
Cash Flow Operating Assumptions (graded)
I plan to open a small specialty cupcake bakery in an area with
little apparent competition. My market research suggests that I can reach a sales level of $650,000 the first year. My products sell at an average of $3.75 per piece. The above assumptions imply an output of about 48 dozen per day. What are the operational possibilities of reaching this sales level? Why or why not?
Suppose you are approached by an interested investor to buy your
business. Do you know how to value your business to be able to respond? How do you determine the value of your business? Might you work for an investor who bought your business? Why or why not? devry sbe440 week 7 discussion dq 1& dq 2 latest 2016 may
Information Gathering (graded)
Information Gathering (graded)
The most interesting (or most challenging)
information I found was ___.
If you provide a truly new product or service, where did you find relevant
Compare your plan to one you found online
(provide specific website reference).
If you had six months to do the plan, what would you have spent the most time
developing? devry sbe440 week 1 assignment latest 2016 may First Screen From “Preparing Effective Business Plans” by Bruce R. Barringer Part 1: Strength of Business Idea
For each item, circle the most appropriate answer and make
note of the (-1), (0), or (+1) score.
to which the idea:
· Takes advantage of an environmental trend
· Solves a problem
· Addresses an unfilled gap in the
of entry to market
to which the idea “adds value” for its buyer or end user
to which the customer is satisfied by competing products that are already available
very satisfied or ambivalent
to which the idea requires customers to change their basic practices or behaviors
to no changes required
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