Reference no: EM132643284 , Length: 500 Words
FIN 4103 Entrepreneurial Finance - Higher Colleges of Technology
Topic - The expiry scanner for the food and medicine.
Developing portfolio in group
The objective of Portfolio Assessment is to provide opportunities to students to become more reflective about their entrepreneurial skills learned in LO1.And making them a step ahead for the final assessment of funding pitch.
Instructions to develop portfolio:
1. Think of an idea for the entrepreneurial venture that you would want to start.
2. Describe why you think this is a good idea. You will describe
a. the business model
b. the product
c. uses
d. benefits
e. target market
f. customer profile
3. Make some secondary research about the idea. (below are guides but do not limit only to answering, make it detailed)
a. Is there a similar idea in the market
b. How are you different from the existing product
c. What has been the profits/sales of similar companies
d. How long have they been in business?
e. What are the threats to your business
f. What are the motivators for your business?
4. Ask a few people about the product, and what they expect. (this must be through a series of structured/semi-structured questions, make sure you have discussed with at-least 5 people)
a. You must take a feedback about your product
b. Get to know what price people are willing to pay
c. Take any other feedback for improvement.
5. Based on step 3,4 what changes are you making to your original idea?
a. You cannot go without any changes - there must be some modification to your original thought in this step.
6. How do you now plan to start the business in UAE?
a. Describe the type of ownership model - why do you choose that model?
b. Will you continue with the same type of ownership say after you have grown by more than 50% of your first year value?
7. What is your expected initial investment?
a. Give a brief estimate of major items only.
8. What sources of financing do you expect to have?
a. List down possible sources
b. Which option do you think will suite your requirement?
c. Why do you think they are a good option?
9. Do you know of the various financing sources in UAE?
a. List possible details of how you can avail the financing options available in UAE.
b. You must list at-least three sources and discuss the option in detail.
Attachment:- Entrepreneurial Finance.rar
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