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Develop a concept for a new business venture

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Reference no: EM133186307

Venture Concept

It is asked to develop a concept for a new business venture which I chose having a food truck business. Can you help me with these:

The main body of the report

A full description of the entrepreneurial venture activities:

  1. The Problem Statement and Analysis 
  • Problem and Opportunity Landscape
  • Problem that the venture seeks to solve
  • Existing landscape of solutions

2. Solution 

  • Idea or technology propose
  • Business Model for product/service delivery (Target market, Value proposition, Value delivery - key activities & partners - suppliers, distributors, etc., Value capturing - monetarization strategy - cost structure and pricing and revenue stream)
  • Competitors analysis - Industry, market and segment analysis (Direct / Indirect, Shifts in power ad position, Prototyping strategy (Product / Service) analysis)

3. Financials and Activation Strategy

  • Funding (Crowdfunding, Self-funding, Incubators/Venture capital/Angel Investor, Bank, family members and friends, etc.)
  • Financial analysis and activation strategy (Cash flow, Balance Sheet, Profit and Loss Account, Schedule for investor return, Long term business plan)

Reference no: EM133186307

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