Entrepreneurship and Small Business

Course Learning Outcomes: Marks: 15
1. Demonstrate a dense knowlbehalf of the implicit of entrepreneur in today’s competitive vocation universe. (Lo 1.2)
2. Demonstrate power to consider independently and frequently on developing a viable vocation design (Lo 1.3 & 3.7)
3. Understand the settle of slight vocation in fact and ponder the strengths and weaknesses of slight vocation. (Lo 1.1).
4. Utilize sinewy analytical skills and tools to arrangeulate an telling Bootstrap Negotiateing Project on which a slight vocation can raise a competitive behalf in the negotiateplace. (Lo 1.8, 4.3 & 4.5).
5. Deliver and impart negotiateing massages in logical and authoritative mode. (Lo 4.4).
BUSINESS PLAN
Project yourself as an entrepreneur of a slight-scale vocation in Saudi Arabia.
Ordinance Objectives & Requirements:
1. Owners
a. Your Vocation Name, Address, E-Mail  
2. General Vocation Description (300 – 500 opinion)
A. What vocation achieve you be in? What achieve you do?
•Mission Statement
•Guild goals and objectives
B. Vocation Philosophy
a. What is leading to you in your vocation?
• To whom achieve you negotiate your issue?
• Describe your Toil: Is it a augmentation toil? What crave signal or Short-signal substitutes do you coercionebode in the toil? How achieve your guild captivate utility of it? 
• Describe your most leading guild strengths and kernel copencies: What elements achieve arrange the guild achieve? What do you consider your superior competitive strengths achieve be? What elucidation knowledge, skills, and strengths do you personally fetch to this strange stake?
• Legal arrange of ownership: Sole proprietor, Partnership, Strengthening, Limited lipower strengthening (LLC)? Why own you separated this arrange?
3. Issues and Benefits  (300 – 500 opinion)
a. Describe in profundity your issues or benefits. (Technical particularations)
b. What elements achieve grant you competitive utilitys or disadvantages? Examples understand smooth of sort or choice or proprietary features.
4. Negotiateing Project (300 – 500 opinion)
a. Negotiate Research- Why?
b. Negotiate Research- How? Primary or Secondary Data?
c. In your negotiateing project, be as particular as possible; grant statistics, quantity, and sources. The negotiateing project achieve be the plea, succeeding on, of the all-leading sales convexity.
Facts environing your toil
• What is the completion magnitude of your negotiate? 
• Current require in target negotiate. 
• Trends in target negotiate—augmentation trends, trends in consumer preferences, and trends in issue crop. 
• Augmentation implicit and occasion coercion a vocation of your magnitude. 
• What barriers to register do you visage in entering this negotiate with your strange guild? 
• How achieve you subdue the barriers? 
• How could the substitute in technology, substitute in government regulations, substitute in the administration, substitute in your toil, desire your structure.
Product
• Describe the most leading features. What is distinctive environing it? 
• Describe the benefits. That is, what achieve the issue do coercion the customer?
Customer
• Identify your targeted customers, their demographics
Competition
• What issues and companies achieve cope with you?
• How achieve your issues or benefits assimilate with the rivalry?
Strategy
• Outline a negotiateing Strategy.
Promotion
• How achieve you elevate your Issue?
• What achieve be your promotional budget?
Method of setting expenses
•Assimilate your expenses with those of the competitors. Are they conspicuous, inferior, the corresponding? Why? 
•How leading is expense as a competitive element?
• Do your intended customers veritably arrange their acquisition decisions mainly on expense? 
• What achieve be your customer benefit and confidence policies?
Distribution Channels
How do you hawk your issues or benefits?
Legal Environment
• Licensing and bonding requirements
• Health, workplace, or environmental regulations 
• Distinctive regulations crust your toil or profession 
• Insurance coverage 
• Trademarks, copyrights, or patents (pending, bulky, or acquisitiond
Personnel
•Number of employees 
• Type of work (skilled, blooming, and authoritative) 
• Where and how achieve you asestablished the just employees? 
• Sort of bulky staff 
• Pay structure 
• Training methods and requirements
• Who does which tasks? 
• Coercion established functions, achieve you right reduce workers in conjunction to employees?
Inventory 
• What husk of list achieve you keep: green materials, victuals, high commodities? 
• Average prize in fund (i.e., what is your list siege)? 
• Rate of turnover and how this assimilates to the toil averages? 
• Seasonal raiseups? 
• Lead-time coercion ordering?
Suppliers:
Identify solution suppliers.
• Confidence and offer policies 
5. Financial Project (300 – 500 opinion)
The financial project consists of a 12-month acquisition and privation convexity, a cash-flow convexity, a projected adjust fencing, and a break-even consideration. Together they appoint a self-possessed like of your guild’s financial forthcoming.
6. Conclusion (300 – 400 opinion)
Ordinance Submission
· There achieve be three submissions coercion this ordinance as the following: 
  
Submission Week

Due   Date

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Point   covered

Word
Count

Marks
 
First Submission

Week 7

1,2, &3

1. 0-50
2.300-500
3.300-500

5
 
Second Submission

Week 11

4. 300-500

5
 
Third Submission

Week 13

5 & 6

5.300-500
6. 300-500

5
 
Instructor’s rate fixed on the true   effort and competition in the followings:
· Class   
· Blackboard
· Discussion   Board
· Wiki
· Blogs

10
 
TOTAL MARKS

25

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