Bus 604 Entire Course New Business Venture Management

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BUS 604 Week 1 DQ1 Success or Failure

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Success or Failure. Many factors combine to determine the ultimate success or failure
of a new venture. Identify three factors that support the successful development of a new venture and three
factors that may serve as barriers to new venture development. Respond to two of your classmates’ postings

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BUS 604 Week 1 DQ2 Idea Generation

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Idea Generation. Think of two of the most frustrating experiences you have
experienced lately as a consumer. What would it take to eliminate that experience? Is this the beginnings of a
business idea? Respond to two of your classmates’ postings and in your responses, reflect on the ideas they have
given and note which ones you would pay a business to offer

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BUS 604 Week 1 Assignment Personal Assessment

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Personal Assessment. In a 2-3 page paper, answer the question of whether you are ready to be an
entrepreneur. Identify those factors in your personality, business skills and lifestyle preferences that would
support your entrepreneurial efforts. Be honest in your assessment of your skills and abilities. Some of the
questions you may wish to address include: What is your comfort level with risk? What do you value, what are
your priorities, what motivates you? What have been your business experiences? Use two resources to support
key points.

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BUS 604 Week 2 DQ1 Value Proposition

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Value Proposition. Share your business idea with your classmates and identify its
value proposition. Respond to two of your classmates’ postings; in your responses, identify what you believe mayadd to or improve the value propositions of their ideas

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BUS 604 Week 2 DQ2 Entry Strategies

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Entry Strategies. Identify the three common entry strategies. Which one has the most
appeal to you and why? Is there one entry strategy that you believe has more risk than another? Why? Respond to
two of your classmates’ postings

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BUS 604 Week 2 Assignment Venture Screening

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Venture Screening. A business idea may sound great in theory; however, it may not be easy to
implement or be successfully received by the market. Develop a 3-4 page paper that includes a venture screening
inventory and an evaluation of your business idea. First, design a venture screening inventory. What are the key
components of the inventory? What questions need to be asked? Second, explore your business idea by using the
inventory you created. Does it meet minimum criteria of providing a value proposition to customers, fitting with
your skill bank and lifestyle requirements, appearing financially sound and providing more potential rewards than
risks? Use two resources to support your key points

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BUS 604 Week 3 DQ1 Flow Chart

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Flow Chart. List the 5-7 most critical actions you would need to take to convert your
idea into a real business opportunity so that you could develop a business plan. Where are the check points duringwhich critical assumptions are explored? Respond to two of your classmates’ postings and discuss the critical
decision points of their flow charts.

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BUS 604 Week 3 DQ2 Business Model

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Business Model. One management factor that affects the growth of a new venture is a
business model. How can entrepreneurial firms benefit by developing and using a business model? What impact
does a business model have on growth and business development? What are the downsides for entrepreneurial
ventures when an effective business model isn’t put in place? Respond to two of your classmates’ postings.

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BUS 604 Week 3 Assignment Sustainability

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Sustainability. In a 3-4 page paper, discuss the importance of the concept of sustainability in
today’s environment. Research the concept and identify three examples of entrepreneurs who are building
businesses based on the transition to sustainability and clean commerce. Does your business idea support
sustainability? How? Incorporate 2-3 ProQuest Entrepreneurship references to support your key points

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BUS 604 Week 4 DQ1 Finance

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Finance. Why is financial analysis often the entrepreneur’s Achilles’ heel? What
criteria would you would use to assess a new venture’s financial strength and viability? Why? What
recommendation would you give an entrepreneur to add to the venture’s financial strength? Respond to at least
two of your classmates’ postings

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BUS 604 Week 4 DQ2 Funding Website

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Funding Website. Explore the website of Business Partners. Some entrepreneurs say
you shouldn’t raise venture capital unless you have no other alternative. Do you agree or disagree? Why?
Respond to at least two of your classmates’ postings

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BUS 604 Week 4 Assignment Management Team

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Management Team. As the founder of a new venture, do you have team-building skills to lead a
new venture team? Are there specific factors that are critical to a new venture team as compared to other kinds of
teams with other focuses? What are the advantages of starting a business as a team, and what are the drawbacks?
In a 3-4 page paper, identify key characteristics of individuals you would select to be members of your new
venture management team and how the strengths of the team members would support you in your new venture.
How would you reward these team members? How would you as the team leader add value to the team? Use at
least two ProQuest Entrepreneurship resources to support your key points

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BUS 604 Week 5 DQ1 Market Analysis

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Market Analysis. Identify three sources of data for your market research about your
business idea and the industry. How do you know there is a sufficient demand for your product or service?
Respond to at least two of your classmates’ postings and suggest other sources for their market research.

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BUS 604 Week 5 DQ2 Intellectual Property

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Intellectual Property. As you continue to screen venture opportunities, is intellectual
property an element to be included in the venture screening process? Why? Provide a rationale for your position.
Respond to at least two of your classmates’ postings

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BUS 604 Week 5 Assignment Elevator Talk Presentation

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Elevator Talk Presentation. An elevator talk or speech is generally a 30 second overview of
your business concept. It is used to quickly communicate your business idea in a chance meeting or phone call.
Develop a 5 slide PowerPoint presentation to illustrate your elevator talk or speech. Write the actual elevator talk
presentation in the notes section

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BUS 604 Week 6 DQ1 Stakeholder Analysis

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Stakeholder Analysis. As you prepare your final Business Idea analysis, identify your
key stakeholders and their interests? How do you and your proposed venture provide value to them? Respond to
at least two of your classmates’ postings.

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BUS 604 Week 6 DQ2 Beyond Startup

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Beyond Startup. What special problems and crises can new entrepreneurial
businesses expect as they grow? Why do these occur? Respond to at least two of your classmates’ postings and
provide recommendations to prevent or to solve the problems and crises they have identified

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BUS 604 Week 6 Final Paper

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In an 8-10 page paper (excluding title page, reference page and appendix) present a reflective paper on the feasibility of an
original business idea and business model by using a screening inventory. In the research paper, 5-7 peer reviewed
resources are to be used. Note: this is not a business plan. The paper should include a screening inventory with supporting
rationale on the following elements:
 Original business idea (specific idea to meet unmet need)
 Description of service or product (overview)
 Value Proposition (how will need be met)
 Business Model (what criteria supports the model selected)
 Market Size and Growth (large enough market potential for venture to be profitable; potential for growth)
 Competitive Advantages (what will make the venture stand out among competitors within industry)
 Management (skills of entrepreneur and team to develop venture)
 Revenue/ Growth Projections (how long will it take to be financially viable)
 Financing Requirement