Assignment 1 MGT402 (1st Term 2022-2023)
Deadline: 08/10/2022 @ 23:59
|Course Name: Entrepreneurship and small business||Student’s Name:|
|Course Code: MGT402||Student’s ID Number:|
|Semester: 1st||CRN: 14521|
|Academic Year: 1444 H (2022-2023)1st Term|
For Instructor’s Use only
|Instructor’s Name: Dr Mohammed Mallick|
|Students’ Grade: /15||Level of Marks: High/Middle/Low|
Instructions – PLEASE READ THEM CAREFULLY
Entrepreneurship and small business
Submission Date by students: Before the end of Week- 6th
Place of Submission: Students Grade Centre
Weight: 15 Marks
This assignment is an individual assignment.
An entrepreneur Start-up
A business plan is any simple plan, not only limited to the business start-up plan that helps the management to understand the current situation of the enterprises (strengths, weakness, opportunities and threats) and look forward into the future. A start-up plan is a business plan which consists of the mission, vision, objectives and action plans for the future of the new enterprises while the business plan drawn during the operation of the firm is vital for running the firm effectively, acquire new customers, partners, loans and so on. According to Fiore (2005), a business plan involves two dimensions; an organizing tool to simplify and clarify your business goals and strategy, the second one is a selling document that sells the business idea and shows that a product or a service can make a profit and attract funding and company resources.
Imagine you started a new business as an entrepreneur in Saudi Arabia. Briefly mention the specific steps which you consider necessary to a successful business plan.
Please, think and share information on the following items:
What business will you be in? What will you do? What market segment will you choose?
What is important to you in your business?
Note: Use APA style of referencing
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