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Have you ever wondered what it takes to start your own business? Now, you don’t have to! In this course, you will develop a business plan for a small business or startup. You will do this through a four-part assignment, where you will gradually build up your idea into a completed plan.
First, you need to propose a business idea and submit it for approval. This could be a small business or startup of your choice. Then, each of the assignments throughout the quarter will build on each other to form a final business plan. You will take feedback from all submitted portions of your plan, revise, add a few final pieces, and then submit the final business plan.
The assignments are as follows:
Click here to submit Assignment 1
Assignment 1: Business ModelsDue Week 3 and worth 100 points
What is the best business model for the small business or startup you have chosen? In one page, outline at least three different business models and then select the best model for your business. Then, give a short statement explaining why this is the best model. Remember, you will take feedback from all submitted portions of your plan, revise, and then submit the final business plan in Week 9.
Write a one (1) page outline in which you:
The specific course learning outcomes associated with this assignment are:
Click here to view the grading rubric for this assignment.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
Points: 100
Assignment 1: Business Models
Criteria
Unacceptable
Below 60% F
Meets Minimum Expectations
60-69% D
Fair
70-79% C
Proficient
80-89% B
Exemplary
90-100% A
1. Briefly describe three different business models.
Weight: 30%
Did not submit or incompletelydescribed three different business models.
Insufficientlydescribed three different business models.
Partially described three different business models.
Satisfactorilydescribed three different business models.
Thoroughlydescribed three different business models.
2. Select the best business model for your business.Weight: 30%
Did not submit or incompletely selected the best business model for your business.
Insufficientlyselected the best business model for your business.
Partially selected the best business model for your business.
Satisfactorilyselected the best business model for your business.
Thoroughlyselected the best business model for your business.
3. Create a short statement explaining why the business model you have chosen is the best model for your business. Give at least three supporting facts for your choice.
Weight: 30%
Did not submit or incompletely created a short statement explaining why the business model you have chosen is the best model for your business. Did not submit or incompletely gave at least three supporting facts for your choice.
Insufficientlycreated a short statement explaining why the business model you have chosen is the best model for your business. Insufficiently gave at least three supporting facts for your choice.
Partially created a short statement explaining why the business model you have chosen is the best model for your business. Partially gave at least three supporting facts for your choice.
Satisfactorilycreated a short statement explaining why the business model you have chosen is the best model for your business. Satisfactorily gave at least three supporting facts for your choice.
Thoroughly created a short statement explaining why the business model you have chosen is the best model for your business. Thoroughly gave at least three supporting facts for your choice.
4. Clarity, writing mechanics, and formatting requirements
Weight: 10%
More than 8 errors present
7-8 errors present
5-6 errors present
3-4 errors present
0-2 errors present
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