TERM PROJECT ASSIGNMENT

Each student is to prepare a typewritten report on one (1) of the assignments indicated in the attached sheets. The report should be no less than five (5) typewritten pages not including the cover sheet, table of contents or reference list.

Each report should contain a cover sheet with the following information: Title of Report Course Number Student's Name

Date Report is Submitted

Each report should contain a table of contents to identify the main elements of the report and a reference list to identify the sources of information. Students are expected to utilize outside source materials to research the necessary information. These sources can include the Wall Street Journal, BusinessWeek, New York Times (past and present issues), Fortune, textbooks, reference books, etc.

Copied reports will not be accepted. All term project assignments must be posted on Blackboard no later than 11:00 p.m.

of the deadline due date. Select only one (1) assignment from the assignments below.

ASSIGNMENT 4 - Entrepreneurial Venture

You are a young entrepreneur who is planning to begin a new business. You plan to start a privately owned business (i.e. grocery, clothing, hairdresser, auto repair, cleaning service, etc.). You are uncertain where to locate the business to capitalize on your market segment. Your initial thoughts are to establish sales of $200,000 the first year and grow the business at an average annual rate of 20% each year after. In order to acquire start-up capital, you must prepare a business plan to present to banks and venture capitalists.

Your assignment is to prepare a business plan that analyzes and answers the following questions:

What is the small business opportunity you are going to pursue? Why is this best option given today's economy?

What are the characteristics of the target market for this business opportunity?

Who is the competition and what are their strengths and weaknesses?

What business strengths and experience to you bring to the planned business that

will increase your likelihood of success?

What management and operating structure would you put in place for your

business?

How would you market your business? How would you distinguish your business

from the competition?

What would be your income, expenses and net profits for the first three (3) years

of operation?

What are the restrictive laws and regulations affecting this type of business and

how will you comply with these laws?

What is your expected growth rate for the first (3) years and how was it

determined?

The overall structure of your term paper should include:

A.- Cover Sheet This can be in the APA format containing the information noted on the Term Paper Assignment page.

B.-Table of Contents

This is the outline for the body of information you are presenting with the associated page numbers. The outline should parallel the questions you are asked to answer.

C.- Body of the paper You start with an Introduction to what you will be covering in the paper or the question(s) you are trying to answer. The body of the paper should be broken into sections, one section for each question. Each section should have the question as the title of the section. If the assignment has five (5) questions. I would expect that, in order to answer the question thoroughly, with insight , an analysis of the nature and position of the business in the marketplace or industry and competitive environment, each section would be about a page long. Overall, the body of the paper should be no less than five (5) typewritten pages (double spaced), not including the cover sheet or table of contents. The end of the body of the paper should have a Conclusion section which summarizes the points discussed in the previous pages and provides the answer to the question(s) you presented in the introduction.

D.- Reference List This should identify all research resources used or quoted in the body of the paper.

Please choose the assignment to be about barber shop and hairstylist