MGT-402: Entrepreneurship and small bus

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Fn2020bz

Business Finance

BSA493-B733-FA18-Entrepreneurship with Focus on Small Bus

SEU

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  • The solution must be submitted (in WORD format only).
  • The question number must be clearly stated in their answer.
  • Late submission will not be accepted.
  • Avoid plagiarism, the work must be in your own words.
  • All answers must be typed in Times New Roman font (size 12, double spaced). Any images containing text will not be accepted and will be considered plagiarism).
  • Unformatted Attachment Preview

    Assignment-1 MGT 402-Entrepreneurship and small business Due Date: 09/03/2024 (End of Week-7) @ 23:59 Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) 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 • Weight 10 Marks Learning Outcomes: 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. 4. Illustrate the ability to think independently and systematically on developing a viable business model. Assignment Workload: This assignment is an individual assignment. Start-up Business Plan Assume yourself as an entrepreneur of a small startup business in Saudi Arabia. Write brief notes on the following objectives: 1. Owners, capital structure and company profile (2 Marks) a. Your Business Name, Address, E‐Mail 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 (4 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? Note: Use APA style of referencing Answers: 1. 2.
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    Explanation & Answer

    Attached.

    Assignment-1
    MGT 402-Entrepreneurship and small business
    Due Date: 09/03/2024 (End of Week-7) @ 23:59

    Student’s Name
    University Affiliation
    Course Number and Name
    Instructor’s Name
    Due Date

    2

    Start-up Business Plan
    Assume yourself as an entrepreneur of a small startup business in Saudi Arabia.
    Write brief notes on the following objectives:

    1.

    Owners, capital structure and company profile
    a.

    Business Name: Arabian Delights Catering Services

    b. Address Riyadh, Saudi Arabia
    c. E-Mail: info@arabiandelights.com
    d. Form of ownership: The organization will be founded as a Limited Liability
    Company (LLC)
    e.

    2.

    Investment capital: investment capital of 500,000 SAR

    Company Business Description

    A. Scope and type of business (4 Marks)


    What business will you be in? What will you do? What market segment will you
    choose?
    Arabian Delights Catering Services specializes in providing premium catering services

    for a wide range of events, including weddings, corporate functions, social gatherings, and
    special occasions. Our core offering revolves around authentic Arabian cuisine infused with
    contemporary flair, showcasing the diverse flavors, textures, and aromas of the region. The
    organization’s menu is designed to leave a lasting impression on our discerning clientele from
    traditional favorites like Mandi and Kabsa to innovative dishes inspired by global culinary
    trends (Farha, 2018).

    3



    Business idea: what is your big idea? Is it a product or a service? What makes
    your idea different?

    Our big idea is to elevate the catering experience in Saudi Arabia by offering a blend of
    traditional Arabian dishes and modern culinary techniques. We aim to exceed expectations with
    our exquisite food, meticulous presentation, and impeccable service. What sets us apart is our
    dedication to quality, authenticity, and innovation, ensuring that every event is a gastronomic
    delight.


    Mission Statement

    At Arabian Delights Catering Services, our mission is to “Create Unforgettable Dining
    Experiences That Celebrate the Rich Heritage of Arabian Cuisine While Embracing
    Contemporary Culinary Trends.” The organization is committed to excellence in every aspect
    of our business, from sourcing the finest ingredients to delivering personalized service that
    exceeds our clients' expectations. Arabian Delights Catering Services strives to be the premier
    catering provider in Saudi Arabia, known for its passion, professionalism, and incomparable
    commitment to culinary excellence through creativity, integrity, and a relentless pursuit of
    perfection.


    Company’s short-term and long-term goals and objectives.

    The short term goal for the company involves establishing a strong presence in the local
    catering market, build brand awareness, and cultivate a loyal customer base. It aims to book a
    minimum of 20 events within the first year of operations and achieve a customer satisfaction
    rating of 90%. The long-term objectives include expanding the company’s operations to serve

    4

    c...


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