Post MGT211 Complete Course Latest
Post
MGT211 Complete Course Latest
Post MGT211 Complete Course Latest
Post MGT211 unit 1 Discussion latest
Our text and learning unit 1 lists
and discusses several myths of entrepreneurship and small business Please
complete the following HRB Quiz at:
What surprised you as a result of
completing the survey? Do you agree or disagree with the results? Explain
List and discuss three
characteristics you believe to betrue about entrepreneurs and why you selected
these characteristics
Post MGT211 unit 21 & 22
Discussion latest
21 Discussion
Finding and Using NAICS Numbers
Part 1 of the feasibility study
requires you to identify the NAICS code of your proposed business concept As
mentioned in this week’s learning unit, the North American Industry
Classification System (NAICS) provides not only a system to classify your
business but also provides valuable industry information and data, which is an
invaluable tool to a startup or existing business In this discussion thread,
you will practice using the NAICS site and discuss your findings with your
classmates as presented in Skill Module 72 (Katz & Green)
What is your NAICS code? (Katz, pl
190) Please go to the updated site:
http://wwwcensusgov/cgi-bin/sssd/naics/naicsrch?chart=2012
In the text box that says “enter keyword” enter the name of the industry that
best describes the industry in which your proposed business idea is located You
should end up with a 6 digit code for the industry in which your business will
be located If you are not sure of your industry, it may take some
experimentation See examples in Skill module 72
Once you locate your NAICS code, go
to wwwcensusgov and click on “economic census” Once you are in “economic
census” enter your NAICS code and look for data related to your industry
Find and share one fact about your
industry that you find particularly intersting and that is available at this
cite such as number of establishments, annual revenue, trends, etc Also refer
to Table 71 on page 200 for additional information and ideas
For your convenience, I am also
attaching a table with the NAICS structure and numbers
2012_NAICS_Structurexls (255 KB)
22 Discussion
Not all good ideas represent
profitable business opportunities Ideas must be tested and you will have an
opportunity to do so in your feasibility study which is the primary written
requirement for this course You will also be introduced to many free resources
available to you in developing your feasibility study such as the SCAMPER
acronym (Katz & Green) Tim Hayden (See Focus on Small Business, Katz &
Green) developed a web-based application so that baseball fans could watch TV
instant replays while enjoying a baseball game at a stadium Using the SCAMPER
acronym, discuss at least two methods in the acronym that Tim may use to update
his App to 2014? How will you use these methods in developing your feasibility
study?
Post MGT211 unit 3 Discussion latest
2016 augus
Part 2 of your feasibility study
will require you to describe your customer base This process requires careful
research to identify the types and concentration of customers you will need to
start and grow your business
Please go to Skill Module 112 on
page 367 Following the directions in Skill Module 112 and using the site:
wwwzipwhocom,
Please enter the state and city
where your proposed business will be located and share at least three pieces of
information describing your customer base such as education level, ethnicity,
age, etc
Discuss how this information will
assist you in completing Part 2 of your feasibility study
Post MGT211 unit 4 Discussion latest
Each year corporations spend
millions of dollars for a few seconds of advertising during the football
championship super bowl game Please watch the advertisements in the link below,
which includes 15 advertisements shown during the 2014 super bowl game
Discuss the target market and market
segment of at least four advertisements in terms of age group, gender,
education, and any other marketing demographic information
Enjoy!
Post MGT211 unit 51 & 52
Discussion latest
51 Discussion
Locate your state’s Secretary of
State home page on the Internet Find information on forming LLCs Answer the
following questions and discuss your findings with your classmates
1 What state did you research?
2 Discuss reasons why you would or
would not use the services of an attorney to assist you in submitting your
application
52 Discussion
If a start-up entrepreneur lacks certain competencies such as understanding cash flow or not knowing how to use social media marketing techniques, using the BRIE Checklist (Katz & Green, p 14), discuss at least three strategies the start-up entrepreneur could use to compensate for his or her deficiencies You may also want to refer to Skill Module 22
Post MGT211 unit 6 Discussion latest
Read the case, Debbie Dusenberry and
the Curious Sofa (Katz & Green, pp 409-10) Discuss the following concepts
with your classmates
Discuss the differences between
profit and cash flow
Will completing breakeven analysis
(p 311) help Debbie? Why or why not?
Where or how can Debbie find help to
save her business?
Post MGT211 unit 7 Discussion latest
View Table 82 on page 225 of our
textbook Discuss the differences and similarities between conducting a
feasibility study and writing a complete business plan
How can the conduct of a strong
feasibility study help to minimize or avoid some of the most common critical
risks in a business plan listed on p 238? Have you observed any of these risks
in the parts of your feasibility study completed to date?
Where would you find funds to start
a business? (See Table 151, p 489)
Post MGT211 unit 8 Discussion latest
An effective elevator speech is
specific and has the capacity to “sell” your business concept quickly to your
classmates who will play the role of venture capitalists The elevator pitch is
designed to be brief but is a specific statement about your startup investment
opportunity The idea is to be able to sell your idea to a potential investor in
an elevator going up or down about 30 floors, about 2 minutes It should also
include the amount of startup cash or resources you would be requesting of a
potential investor Please refer to “The Thoughtful Entrepreneur” (p 242) and to
the notes in the “Written Assignments” in the Course Information Tab
Post MGT211 FS Part 1 The Business
Concept assignment latest
Part 1 Due by Sunday, 11:59 pm
IFeasibility Study
According to the research, a number
of critical factors are important for a new venture’s success and must be
assessed in a systematic way prior to investing additional time and one’s other
resources Those factors are summarized in “Exhibit 42, The Feasibility Study
Outline” in the textbook, pages 93-96 and in the Appendix, Sample Feasibility
Study, pages 95-98 Your feasibility study assignment will consist of four (4)
written parts designed to assess the initial financial viability of your
business concept Each written component should be two pages in length and
single spacedThe page limitation is designed to encourage you be brief but
specific Part four will require the completion of two spreadsheets that will be
linked or attached to that assignment
The feasibility analysis is a
prelude to writing a business plan, which is more detailed and thoroughly
researched and is required if a bank loan or investment funds are being sought
The purpose of the feasibility study is to assess whether or not a good idea
represents a profitable business opportunity and is designed to gain sufficient
information and data to provide you with a a “go or no-go” decision in moving
forward in completing a full business plan
For each assignment, please include
the Part number, eg Part 1, Part 2, etc; and please include the title of each
lettered subsection in each assignment, eg a b c etc Also make certain that
your name is on the top of the pageand that your electronic submission
includes your name at the beginning of the submission title eg Smith, J Part 1For
your convenience, I have also included text page numbers discussing the various
feasibility topics The assignments are as follows:
Assignment 1
Part 1The Description of your Business Concept (2 pages
single-spaced, please include subheadings) 10%
- Describe your product or service in a paragraph or two
Ref pages 274-279
- Present the Mission of your business, eg fundamental
reason for being; and a Vision statement, what you hope your business will
become
- Describe the features or cost benefits of your product
or service Ref pages 188-197
- Describe the value benefits of your product or service
Eg why would someone pay for or buy your product/service over your
competitors Ref pages 188-197
- Will your business be 1) an online business; 2) an
on-ground business; or, 3) a combination of both? Explain
- Provide the six-digit NAICS (North American Industrial
Classification System) number for your business NAICS numbers may be found
at the following site:Error! Hyperlink reference not validcensusgov/cgi-bin/sssd/naics/naicsrch?chart=2012″>http://wwwcensusgov/cgi-bin/sssd/naics/naicsrch?chart=2012
Locate the “keyword box” in the
upper left hand corner and enter a keyword describing your business, eg health
food, pet products and this will lead you to your NAICS number
Post MGT211 FS Part 2
Customer/Industry Analysis assignment latest
Part 2 Due by Sunday, 11:59pm
Part 2 Customer/Industry Analysis
(3-4 pages single-spaced, please include subheadings) 15%
- Describe the industry within which your business will
be located and describe at least three recent trends in that industry Note:This
information and item b following may be found using your NAICS number and
in trade organization publications Also, see Skill Modules 31, p 54) and
72 (p 190) And pages 18-190 and NAICS link above in assignment 1
- Describe the market growth rate for your
product/service, ie, what is the market demand likely to be in the next
1-3 years You may also try using Google or Bing for this information or
trade associations (Skill Module 31, p54) for your proposed business idea
- Describe your market segment and your market niche
within that market segment, ie describe your customers, who they are and
where they are located Ref pages 393-95
- Describe at least three of your competitors, why they
are competitors and where they are located
- Where will you locate your business? If a wholly online
business what will you do to attract customers?
- How will you market or promote your product/service?
Ie, online sales, social media marketing, search engine optimization,
personal selling, etc Describe in detail
Post MGT211 FS Part 3 Management
Team and Operations assignment latest
Part 3Due by Sunday, 11:59 pm
Part 3 Management and Operations (2
pages single-spaced, please include subheadings) 10%
- Describe who will be the CEO and his/her
qualifications/experiences in the product/service industry, including both
education and work and other relevant experiences
- Describe briefly how you will distribute your product
or service Ref pages 348-358
- Describe how many employees you will need at startup,
their particular expertise (eg marketing, financial, operations, etc), and
how they will be paid
- Describe what types of external advisors you will need
and how they will be paid (eg lawyer, accountant, etc)
- Describe the legal organization of your business (eg
sole proprietor, LLC, Partnership, C Corporation, S Corporation) and
reasons for selecting this legal organization form Ref page 600, Table 185
- Describe unpaid advisors who will assist you during
startup and 3 years thereafter
Post MGT211 FS Part 4 Financial
Analysis and Requirements assignment latest
Part 4 Due by Sunday, 11:59pm
Part 4 Financial Analysis and
Requirements (3 pages single-spaced plus spreadsheets, please include subheadingPlease
include a link to your spreadsheet or include as attachments to part 4 document
Thank you!)
- Describe your pricing strategy for your product/service
Ref Table 91 page 295
- Describe the amount of startup funds you will need,
where you will get them, and how they will be used
- List 3-5 assumptions governing your cash flow
projections For a startup, assumptions are your “best educated guesses”
regarding goals such as how many units you will sell and why, or what your
cash flow will be at the end of each month and why, etc will you pay
yourself, what will you pay your employees, will you use full or part-time
employees, what services will you outsource or contract out, etc
- Complete your startup sources and uses of funds using
the “Opening Day Balance Sheet”(third bullet point under
“Finance Templates”) on the following website:
Error! Hyperlink reference not validscoreorg/resources/business-plans-financial-statements-template-gallery”>http://wwwscoreorg/resources/business-plans-financial-statements-template-gallery(see
notes below)
- Develop a one-year projected (pro forma) cash flow
statementusing the Cash Flow Statement (12 months)at the
(eighth bullet point under “Finance Templates) on the following website:
Error! Hyperlink reference not validscoreorg/resources/business-plans-financial-statements-template-gallery”>http://wwwscoreorg/resources/business-plans-financial-statements-template-gallery(see
notes below)
Notes:
Financial Worksheets on the SCORE
website:
The SCORE Opening Day Balance Sheet
and Cash Flow Statement (12 months) worksheets are “live” excel worksheets and
all you need to do is to (1) read the introductory information, (2) enter your
company name and (3) complete the spreadsheets indicated Once you get into the
website, under “Finance Templates” click the third bullet for the Opening
Day Balance Sheetand click on the eighth bullet for the Cash Flow
Statement (12 months)Make certain that you have a full page view in order
to see the full page These worksheets are active and include appropriate
formulae You just need to insert your projected numbers When you click on the
worksheet tabs, go to the “review” panel in excel and “unprotect” the
worksheets This will give you working access and then you will be able to save
your completed worksheet as your own in your files
Opening Day Balance Sheet (or
Sources and Uses of Funds)
The Balance Sheet is a snapshot of
your financials at a given point in time In this case, it will on the first day
of start-up, representing your pro forma projections of how much you will need
to start your business and where the funds will come from The Balance Sheet is
a statement of an owner’s assets, liabilities, and equity and should balance;
that is, assets must equal liabilities plusthe owner’s equity This
balance sheet is active as well, and your assets, liabilities, and equity
should be based on your best case projections and subsequently are reflected in
your Cash Flow Statement worksheet You just need to insert your numbers and, as
above, you don’t have to use all items, if not appropriate to your business
Cash Flow Statement (12 months)
The Cash Flow Statement worksheet
projects your business’ cash inflows and outflows over a given period of time
(in this case, one year, Jan 1, 20xx to December 31, 20xx) and should reflect
your assumptions for growth during that time period Please indicate your
assumptions in an attachment to the worksheets Along with your assumptions, include
when you project your breakeven point to be; that is, the time period after
which you project a profit (and how you calculated your breakeven point) You do
not have to use all items listed in spreadsheet Use only those items that may
be appropriate to your business
Note: I am providing these SCORE “Business Plans & Financial
Templates for your convenience You can create your own excel spreadsheets or
find and use other similar templates
Post MGT211 Final Examination
assignment latest
This final examination is
comprehensive based on the Red Jett Sweets, Inc business plan and is to be
completed using the essay format It is worth 30% of your final grade The final
is due by Sunday at midnight EST.
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