MMM241 Entrepreneurship And Innovation Assignment

TASK

Develop a sustainable business plan for a business of your choice that you would like to start in the future. Select any industry in which you want to establish your business. Your business idea could be either completely new or sufficiently different from any existing business. It is expected that you will integrate theories and synthesize information from existing research to support the development of your business plan.

Please note that for the purpose of this assignment, you are only required to do secondary research; you are not required to interview or get primary data.

Key aspects of the report:

The word limit is 2500 words and will be strictly adhered to. The following sections are not included in the word count:

• Cover page
• Table of contents
• Reference List
• Appendices.

Please use the Microsoft Word count before submitting your report. The following sections should form part of the report:

1. Executive Summary (300 words)
2. Your proposed business venture (2000 words)

Your business idea should be either: a) completely new; or b) based on an existing business, but sufficiently different with unique differentiating points.

1. Business and Team Description (500 words)
   Key features of the business, the team of staff, its uniqueness, location, proximity to supplies, access to transportation; and how it is different from existing businesses
2. Source of Finance (200 words)
   Identify your source of finance: (bootstrapping, equity or debt lending or other sources) (Go Fundme, leasing.)
3. Sustainability (300 words)
   Describe how your proposed business contributes to sustainable development. (Discuss how your business aims to benefit the community or protect the environment; does it address any of the sustainable development goals (SDGs)?)
4. Critical risks (200 words)
   Discuss the critical risks that you anticipate and your strategies to deal with them
5. Prepare a Lean Canvas (700 words)
   Drawing on the building blocks of lean canvas, describe how your business creates value using a 1-page lean canvas format. You are expected to provide a brief analysis and explanation of your proposed lean canvas.
   See the following example: https://neoschronos.com/download/lean-canvas/docx/

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