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Assignment Question:
In your role a first time entrepreneur, you have to plan your new business start-up in order to secure funding from financial institutions or private investors.
You are therefore required to prepare an individual presentation to outline and explain the following:
1. The New Venture Concept, the opportunity gap in the market and why you are confident that this new business is feasible. [ 800 words / 20 marks ]
2. The Requirements for the New Business start-up together with the Management Skills needed to make the business successful. [ 800 words / 20 marks ]
3. Your proposed business model to explain how the new venture will work to achieve positive financial results and by when. [1200 words / 30 marks ]
4. What will be your human resource management strategies.[ 400 words / 10 marks ]
5. How you propose to manage business risks. Which conditions must prevail to avoid failure. [ 400 words / 10 marks ]
6. Determine the sales required to reach the Break Even Point[400 words / 10 marks ]
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