Devry SBE 440 All Week Assignments Latest

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Devry SBE 440 All Week Assignments Latest

Devry SBE 440 Week 1 Assignment Latest

week 1

first Screen

From “Preparing Effective Business Plans” by Bruce R. Barringer

Part 1: Strength of Business Idea

Name or type of business:

For each item, circle the most appropriate answer and make note of the (-1), (0), or ( 1) score.

Low Potential (-1) Moderate Potential (0) High Potential ( 1)
1. Extent to which the idea:

• Takes advantage of an environmental trend

• Solves a problem

• Addresses an unfilled gap in the marketplace

Weak Moderate Strong
2. Timeliness of entry to market Not timely Moderately timely Very timely
3. Extent to which the idea “adds value” for its buyer or end user Low Medium High
4. Extent to which the customer is satisfied by competing products that are already available Very satisfied Moderately satisfied Not very satisfied or ambivalent
5. Degree to which the idea requires customers to change their basic practices or behaviors Substantial changes required Moderate changes required Small to no changes required

Part 2: Industry-Related Issues

Low Potential (-1) Moderate Potential (0) High Potential ( 1)
1. Number of competitors Many Few None
2. Stage of industry life cycle Maturity phase or decline phase Growth phase Emergence phase
3. Growth rate of industry Little or no growth Moderate growth Strong growth
4. Importance of industry’s products and/or services to customers “Ambivalent” “Would like to have” “Must have”
5. Industry operating margins Low Moderate High

Part 3: Target Market and Customer-Related Issues

Low Potential (-1) Moderate Potential (0) High Potential ( 1)
1. Identification of target market for the proposed new venture Difficult to identify May be able to identify Identified
2. Ability to create “barriers to entry” for potential competitors Unable to create May or may not be able to create Can create
3. Purchasing power of customers Low Moderate High
4. Ease of making customers aware of the new product or service Low Moderate High
5. Growth potential of target market Low Moderate High

Part 4: Founder- (or Founders-) Related Issues

Low Potential (-1) Moderate Potential (0) High Potential ( 1)
1. Founder or founders experience in the industry No experience Moderate experience Experienced
2. Founder or founders skills as they relate to the proposed new venture’s product or service No skills Moderate skills Skilled
3. Extent of the founder or founders professional and social networks in the relevant industry None Moderate Extensive
4. Extent to which the proposed new venture meets the founder or founders personal goals and aspirations Weak Moderate Strong
5. Likelihood that a team can be put together to launch and grow the new venture Unlikely Moderately likely Very likely

Part 5: Financial Issues

Low Potential (-1) Moderate Potential (0) High Potential ( 1)
1. Initial capital investment High Moderate Low
2. Number of revenue drivers (ways in which the company makes money) One Two to three More than three
3. Time to break even More than two years One to two years Less than one year
4. Financial performance of similar businesses Weak Modest Strong
5. Ability to fund initial product (or service) development and/or initial startup expenses from personal funds or via bootstrapping Low Moderate High

Overall Potential

Each part has five items. Scores will range from -5 to 5 for each part. The score is a guide—there is no established rule-of-thumb for the numerical score that equates to high potential, moderate potential, or low potential for each part. The ranking is a judgment call.

Score

(-5 to 5)

Overall Potential of the Business Idea Based on Each Part Suggestions for Improving the Potential
Part 1:

Strength of Business Idea

High potential ?
Moderate potential ?
Low potential ?
Part 2:

Industry-Related Issues

High potential ?
Moderate potential ?
Low potential ?
Part 3:

Target Market and Customer-Related Issues

High potential ?
Moderate potential ?
Low potential ?
Part 4:

Founder- (or Founders-) Related Issues

High potential ?
Moderate potential ?
Low potential ?
Part 5:

Financial Issues

High potential ?
Moderate potential ?
Low potential ?
Overall Assessment
High potential ?
Moderate potential ?
Low potential ?

Summary—briefly summarize your justification for your overall assessment:

Devry SBE 440 Week 2 Assignment Latest

week 2

Full Feasibility Analysis

From “Preparing Effective Business Plans” by Bruce R. Barringer

Note: All fields can be expanded to provide additional space to respond to the questions. A copy of this template, along with each of the assessment tools, is also available in PDF format at the authors’ Web site at www.prenhall.com/entrepreneurship.

Introduction

A. Name of the proposed business
B. Name of the founder (or founders)
C. One paragraph summary of the business

Part 1: Product/Service Feasibility

Issues Addressed in This Part

A. Product/service desirability
B. Product/service demand

Assessment Tools

Concept Statement Test

  • Write a concept statement for your product/service idea.Show the concept statement to 5 to 10 people.Select people who will give you informed and candid feedback.
  • Attached a blank sheet to the concept statement, and ask the people who read the statement to (1) tell you three things they like about your product/service idea, (2) provide three suggestions for making it better, (3) tell you whether they think the product or service idea is feasible (or will be successful), and (4) share any additional comments or suggestions.
  • Summarize the information you obtain from the concept statement into the following three categories:
* Strengths of the product or service idea—things people who evaluated your product or service concept said they “liked” about the idea
* Suggestions for strengthening the idea—suggestions made by people for strengthening or improving the idea
* Overall feasibility of the product or service concept—report the number of people who thing the idea is feasible, the number of people who think it isn’t feasible, and any additional comments that were made
* Other comments and suggestions

Buying Intentions Survey

  • Distribute the concept statement to 15 to 30 prospective customers (do not include any of the people who completed the concept statement test) with the following buying intentions survey attached.Ask each participant to read the concept statement and complete the buying intentions survey.Record the number of people who participated in the survey and the results of the survey here.
  • Along with the raw data recorded here, report the percentage of the total number of people you surveyed that said they would probably buy or definitely would buy your product or service if offered.This percentage is the most important figure in gauging potential customer interest.
  • One caveat is that people who say that they intend to purchase a product do not always follow through, so the numbers resulting from this activity are almost always optimistic.Still, the numbers provide you with a preliminary indication of how your most likely customers will respond to your potential product or service offering.

How likely would you be to buy the product or service described above?

______ Definitely would buy

______ Probably would buy

______ Might or might not buy

______ Probably would not buy

______ Definitely would not buy

Additional questions may be added to the buying intentions survey.

Conclusion (expand fields and report findings, in discussion form, for each area)

A. Product/service desirability
B. Product/service demand
C. Product/service feasibility (circle the correct response)

Not Feasible Unsure Feasible

D. Suggestions for improving product/service feasibility.

Part 2: Industry/Market Feasibility

Issues Addressed in This Part

A. Industry attractiveness
B. Target market attractiveness
C. Timeliness of entry into the target market

Assessment Tools

Industry Attractiveness

  • To the extent possible, assess the industry at the five-digit NAICS code level your potential business will be entering.Use a broader industry category (less NCICS digits) if appropriate (http://www.census.gov/epcd/www/naicstab.htm).
  • Assess the attractiveness of the industry the potential business plans to enter on each of the following dimensions.

Industry Attractiveness Assessment Tool

(used to assess the broad industry, rather than the specific target market, you plan to enter)

Low Potential Moderate Potential High Potential
1. Number of competitors Many Few None
2. Age of industry Old Middle aged Young
3. Growth rate of industry Little or no growth Moderate growth Strong growth
4. Average net income for firms in the industry Low Medium High
5. Degree of industry concentration Concentrated Neither concentrated nor fragmented Fragmented
6. Stage of industry life cycle Maturity phase or decline phase Growth phase Emergence phase
7. Importance of industry’s products and/or services to customers “Ambivalent” “Would like to have” “Must have”
8. Extent to which business and environmental trends are moving in favor of the industry Low Medium High
9. Number of exciting new product and services emerging from the industry Low Medium High
10. Long-term prospects Weak Neutral Strong

Target Market Attractiveness

  • Identify the portion or specific market within your broader industry that you plan to target.
  • Assess the attractiveness of the target market on each of the following dimensions.

Target Market Attractiveness Assessment Tool

(used to assess the specific target market, rather than the broader industry, you plan to enter)

Low Potential Moderate Potential High Potential
1. Number of competitors in target market Many Few None
2. Growth rate of firms in the target market Little to no growth Slow growth Rapid growth
3. Average net income for firms in the target market Low Medium High
Low Potential Moderate Potential High Potential
4. Methods for generating revenue in the industry Unclear Somewhat clear Clear
5. Ability to create “barriers to entry” for potential competitors Unable to create May or may not be able to create Can create
6. Degree to which customers feel satisfied by the current offerings in the target market Satisfied Neither satisfied or dissatisfied Unsatisfied
7. Potential to employ low cost guerrilla and/or buzz marketing techniques to promote the firm’s product or services Low Moderate High
8. Excitement surrounding new product/service offerings in the target market Low Medium High

Market Timeliness

  • Determine the extent to which the “window of opportunity” for the proposed business is open or closed based on the following criteria.
  • Determine the timeliness of entering a specific target market based on other criteria.

Market Timeliness Assessment Tool

Low Potential Moderate Potential High Potential
1. Buying mood of customers Customers are not in a buying mood Customers are in a moderate buying mood Customers are in an aggressive buying mood
2. Momentum of the market Stable to losing momentum Slowly gaining momentum Rapidly gaining momentum
3. Need for a new firm in the market with your offerings or geographic location Low Moderate High
4. Extent to which business and environmental trends are moving in favor of the target market Low Medium High
5. Recent or planned entrance of large firms into the market Large firms entering the market Rumors that large firms may be entering the market No larger firms entered the market or are rumored to be entering the market

Conclusion (expand fields and report findings, in discussion form, for each area)

A. Industry attractiveness
B. Target market attractiveness
C. Market timeliness
D. Industry/market feasibility (circle the correct response)

Not Feasible Unsure Feasible

E. Suggestions for improving industry/market feasibility.

Part 3: Organizational Feasibility

Issues Addressed in This Part

A. Management prowess
B. Resource sufficiency

Assessment Tools

Management Prowess

  • Use the following table to candidly and objectively rate the “prowess” of the founder or group of founders who will be starting the proposed venture.

Management Prowess Assessment Tool

Low Potential Moderate Potential High Potential
1. Passion for the business idea Low Moderate High
2. Relevant industry experience None Moderate Extensive
3. Prior entrepreneurial experience None Moderate Extensive
4. Depth of professional and social networks Weak Moderate Strong
5. Creativity among management team members Low Moderate High
6. Experience and expertise in cash flow management None Moderate High
7. College graduate No college education Some college education but not currently in college Graduated or are currently in college

Resource Sufficiency

  • The focus in this section is on nonfinancial resources.Use the following table to rate your “resource sufficiency” in each category.
  • The list of resources is not meant to be exhaustive.A list of the 6 to 12 most critical nonfinancial resources for your proposed business is sufficient.

An explanation of the rating system used in the first portion of the table is as follows:

1 Available
2 Likely to be available: will probably be available and will be within my budget
3 Unlikely to be available: will probably be hard to find or gain access to, and may exceed my budget
4 Unavailable
5 NA: not applicable for my business

Resource Sufficiency Assessment Tool

Ratings Resource Sufficiency
1 2 3 4 5 Office space
1 2 3 4 5 Lab space, manufacturing space, or space to launch a service business
1 2 3 4 5 Contract manufacturers or outsource providers
1 2 3 4 5 Key management employees (now and in the future)
1 2 3 4 5 Key support personnel (now and in the future)
1 2 3 4 5 Key equipment needed to operate the business (computers, machinery, delivery vehicles)
1 2 3 4 5 Ability to obtain intellectual property protection on key aspects of the business
1 2 3 4 5 Support of local and state government if applicable for business launch
1 2 3 4 5 Ability to form favorable business partnerships
Ratings: Strong, Neutral, or Weak
Proximity to similar firms (for the purpose of knowledge sharing)
Proximity to suppliers
Proximity to customers
Proximity to a major research university (if applicable)

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Conclusion (expand fields and report findings, in discussion form, for each area)

A. Management prowess
B. Resource sufficiency
C. Organizational feasibility (circle the correct response)

Not Feasible Unsure Feasible

D. Suggestions for improving organizational feasibility

Part 4: Financial Feasibility

Issues Addressed in This Part

A. Total startup cash needed
B. Financial performance of similar businesses
C. Overall financial attractiveness of the proposed venture

Assessment Tools

Total Start-Up Cash Needed

  • The startup costs (which include capital investments and operating expenses) should include all the costs necessary for the business to make its first sale.New firms typically need money for a host of purposes, including the hiring of personnel, office or manufacturing space, equipment, training, research and development, marketing, and the initial product rollout.
  • At the feasibility analysis stage, it is not necessary for the number to be exact.However, the number should be fairly accurate to give an entrepreneur an idea of the dollar amount that will be needed to launch the firm.After the approximate dollar amount is known, the entrepreneur should determine specifically where the money will come from to cover the startup costs.
  • The total startup cash needed can be estimate using the following table.

Total Startup Cash Needed (to Make First Sale)

Capital Investments Amount
Property
Furniture and fixtures
Computer equipment
Other equipment
Vehicles
Operating Expenses Amount
Legal, accounting, and professional services
Advertising and promotions
Deposits for utilities
Licenses and permits
Prepaid insurance
Lease payments
Salary and wages
Payroll taxes
Travel
Signs
Tools and supplies
Starting inventory
Cash (working capital)
Other expense 1
Other expense 2
Total Startup Cash Needed =

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Comparison of the Financial Performance of Proposed Venture to Similar Firms

  • Use the following tables to compare the proposed new venture to similar firms in regard to annual sales (Year 1 and Year 2) and profitability (Year 1 and Year 2).

Comparison of the Financial Performance of Proposed Venture to Similar Firms Assessment Tool

Annual Sales

Estimate of Proposed Venture’s

Annual Sales—Year 1

Explanation of How the Estimate

Was Computed

Estimate of Year 1 Sales __________

Summary: How proposed annual sales, on average, compares to similar firms (circle one)

Below Average Average Above Average

Estimate of Year 2 Sales __________

Summary: How proposed annual sales, on average, compares to similar firms (circle one)

Below Average Average Above Average

Net Income

Estimate of Proposed Venture’s

Net Income—Year 1

Explanation of How the Estimate

was Computed

Estimate of Year 1 Net Income __________

Summary: How proposed net income, on average, compares to similar firms (circle one)

Below Average Average Above Average

Estimate of Year 2 Net Income __________

Summary: How proposed net income, on average, compares to similar firms (circle one)

Below Average Average Above Average

Overall Financial Attractiveness of the Proposed Venture

  • The following factors are important in regard to the overall financial attractiveness of the proposed business.
  • Assess the strength of each factor in the following table.

Overall Financial Attractiveness of Proposed Venture Assessment Tool

Low Potential Moderate Potential High Potential
1. Steady and rapid growth in sales during the first one to three years in a clearly defined target market Unlikely Moderately likely Highly likely
2. High percentage of recurring income—meaning that once you win a client, the client will provide recurring sources of revenue Low Moderate Strong
3. Ability to forecast income and expenses with a reasonable degree of certainty Weak Moderate Strong
4. Likelihood that internally generated funds will be available within two years to finance growth Unlikely Moderately likely Highly likely
5. Availability of exit opportunity for investor if applicable Unlikely to be unavailable May be available Likely to be available

Conclusion (report finding for each area)

A. Total startup cash needed
B. Financial performance of similar businesses
C. Financial feasibility (circle the correct response)

Not Feasible Unsure Feasible

D. Suggestions for improving financial feasibility

Overall Feasibility: Summary and Conclusion

Overall Feasibility of the Business Idea Based on Each Part Suggestions for Improving the Feasibility
Product/Market Feasibility
Not feasible ?
Unsure ?
Feasible ?
Industry/Market Feasibility
Not feasible ?
Unsure ?
Feasible ?
Organizational Feasibility
Not feasible ?
Unsure ?
Feasible ?
Financial Feasibility
Not feasible ?
Unsure ?
Feasible ?
Overall Assessment
Not feasible ?
Unsure ?
Feasible ?

Conclusion—briefly summarize your justification for your overall assessment.

Devry SBE 440 Week 3 Assignment Latest

week 3

Reading

Chapter 6 – Market Analysis

Chapter 7 – Marketing Plan

Assignment – Marketing and Sales Plan

Complete a marketing and sales plan, taking into account direct and indirect competition.

Submit your assignment to the Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these .next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=184″>step-by-step instructions or watch this Tutorial.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=232″>Dropbox Tutorial.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry SBE 440 Week 4 Assignment Latest

week 4

Chapter 8 – Management Team and Company Structure

Assignment – Management Structure

Write a description of your proposed management structure. Include a plan to acquire needed management resources; describe any outsourced functions and why you think it is a good idea to outsource them. If your company will have more than ten employees, include an organization chart.

Devry SBE 440 Week 5 Assignment Latest

week 5

Chapter 9 – Operations Plan and Product (or Service) Design and Development Plan

Assignment – Business Operations Plan

Develop a business operations plan including location, facilities, equipment, technology, and operational controls. Identify key operating metrics to focus attention on important day-to-day issues

Devry SBE 440 Week 6 Assignment Latest

week 6

Chapter 10 – Financial and Accounting Statements and Projections

Assignment – Cash Flow Analysis and Exit Strategy

  • Prepare a cash flow projection for the first two years of operations.
  • Prepare a preliminary exit plan for your business.

 

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Devry SBE 440 All Week Assignments Latest

Best Devry SBE 440 All Week Assignments Latest

Devry SBE 440 All Week Assignments Latest