SEU MGT 402 Entrepreneurship and Small Business Questions

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MGT 402

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‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment 1 MGT402 (1st Term 2022-2023) Deadline: 08/10/2022 @ 23:59 Course Name: Entrepreneurship and small business Course Code: MGT402 Student’s Name: Semester: 1st CRN: Student’s ID Number: Academic Year: 1444 H (2022-2023)1st Term For Instructor’s Use only Instructor’s Name: Students’ Grade: /15 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • • This assignment is an individual assignment. Due date for Assignment 1 is 08/10/2022 • The Assignment must be submitted only in WORD format via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. ‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Entrepreneurship and small business ASSIGNMENT -1 Submission Date by students: Before the end of Week- 6th Place of Submission: Students Grade Centre Weight: 15 Marks Learning Outcome: 1. Describe the place of small business in history and explore the strengths and weaknesses of small business. 2. Design a solid projected financial plan and conduct a breakeven analysis for a small company. 3. Demonstrate the ability to deliver and communicate marketing massages in coherent and professional manner. Assignment Workload: This assignment is an individual assignment. An entrepreneur Start-up Business Plan 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: 1. Owners, capital structure and company profile (3 Marks) a. Your Business Name, Address, E‐Mail Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University ‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ College of Administrative and Financial Sciences b. Form of ownership: What is the legal structure? Sole proprietor, Partnership, Corporation…. C. Investment capital 2. Company Business Description (300 – 400 words) A. Scope and type of business (5 Marks) What business will you be in? What will you do? What market segment will you choose? • Business idea: what is your big idea? Is it a product or a service? What makes your idea different? • Mission Statement • Company’s short-term and long-term goals and objectives. • Target market and demographics: Who will your customers be? Where do they live? What is your target market passionate about? B. Business Philosophy (4 Marks) What is important to you in your business? • Describe your Industry: Is it a growth industry? What long-term or short-term changes do you foresee in the industry? How will your company take advantage of it? • Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture? • Risk Assessment: Evaluate the strengths and weaknesses of your business using SWOT. •Who is your competition and how do you beat them? 3. Products and Services (3 Marks) a. Briefly discuss your products or services (Technical specification). b. Size of business: how many employees? How many offices and retail facilities? c. What factors will give you competitive advantages or disadvantages? Examples, include level of quality or unique or proprietary features. Note: Use APA style of referencing
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Outline
Capital Structure and Company Profile
Address
Email
Form of ownership
Investment capital
Company Business Description
Business Idea
Mission Statement
Short term goals
Long term goals
Objectives
Target market and demographics
Business Philosophy
Description of the Industry
Company strengths and core competencies
Risk Assessment (SWOT Analysis)
Products and Services

Description of Products or Services
Size of the Business
Competitive Advantages
References


1

Name
Institution Affiliation
Professor
Date

2
Capital Structure and Company Profile
Business Name: Delicious Inn
Address: Madinah Road, Jeddah
Email: Fastfood@deliciousinn.com
Form of ownership: Sole proprietor
Investment capital
2023

2024

2025

Sales

SAR303,165

SAR959,769

SAR1,787,325

Direct Cost of Sales

SAR90,949

SAR287,931

SAR536,198

Other Cost of Sales

SAR90,949

SAR287,931

SAR536,198

Gross Margin

SAR212,216

SAR671,837

SAR1,251,127

Percentage Margin

70%

70%

70%

Rent

SAR33,853

SAR67,707

SAR101,560

Insurance

SAR9,027

SAR18.055

SAR27,082

Utilities

SAR9,027

SAR18.055

SAR27,082

Depreciation

SAR48,884

SAR75,230

SAR90,276

Sales and Marketing

SAR13,541

SAR27,082

SAR37,615

Payroll

SAR175,097

SAR373,149

SAR555,949

Expenses
Payroll
Expenses

3
Payroll Taxes

SAR26,266

SAR55,971

SAR83,392

Other

SAR3,385

SAR6,770

SAR10,156

Total Operating

SAR319,084

SAR642,012

SAR933,115

Taxes incurred

SAR0

SAR3,490

SAR82,948

EBITDA

SAR15,415

SAR105,054

SAR408,288

Internet Expense

SAR7,022

SAR18,190

SAR41,511

Profit Before Taxes

SAR106,867

SAR29,824

318,012

Net Profit

SAR113,890

SAR8,143

SAR193,551

Net Sales/Profit

-37%

0.85%

10.83%

Expenses

and Interest

Company Business Description
Delicious Inn will be a fast food restaurant under the segment of Quick Service
Restaurant. The restaurant will have a consistent, simple look and feel. Delicious Inn will thus
offer individuals an opportunity to enjoy fast, causal meals because it will be centred on
functionality, with efficiency and speed being the primary ...


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