Launching New Venture Assignment
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Added on 2021-01-03
Launching New Venture Assignment
Added on 2021-01-03
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LAUNCHING NEW VENTURE
Table of ContentsLAUNCHING NEW VENTURE....................................................................................................1INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 New venture...........................................................................................................................1P2 Tangible and intangible resources that would be required for launch...................................3TASK 2............................................................................................................................................4P3 Produce a credible proposal to launch a new venture............................................................4P4 Skills and capabilities required to launch a new venture.......................................................5TASK 3............................................................................................................................................6P5 Different promotional activities and channels for launching new venture............................6P6 Develop an appropriate promotional activities plan for both launch and pre-launch............7TASK 4............................................................................................................................................7P7 Monthly cash budget for the pre-launch phase......................................................................7P8 An appropriate legal form for the venture.............................................................................9CONCLUSION................................................................................................................................9REFRENCES.................................................................................................................................11
INTRODUCTIONEntrepreneur are those person who start up their own venture. They governs and run theirbusiness which may be totally new in the market or a idea of the start up which is alreadyexisting in the market. This depends on entrepreneur to what type of business and at what scalethey want to open. It can on small, medium or large scale. Starting up a new venture involvegreat risk, challenges, difficulties, problems, issues, etc., which become hard for entrepreneur toestablish new business but it requires a dedicated entrepreneur which can overcome all risks andchallenges and move forward (Baron and Tang, 2011). This assignment will cover differentaspects of new ventures and their risks associated with it, different tangible and intangibleresources that are required by start up, assessment of skills and capabilities that are necessary forlaunching a venture. It will also cover promotional activities and channels that will support thelaunch with monthly cash budgets for pre launch phase of the venture. In addition to that, legalform for the start up will also be enlightened in this report. TASK 1P1 New ventureAs an entrepreneur I have started a new venture with name of “The Cafe” which has thedeadly combination of books with bakery items and edibles. This cafe is situated in London,United Kingdom. I have opened this bakery shop with the aim to earn profits and provide bestbakery items and experience in the whole London. As cafe shops are the most loving places forfriends and family as they prefer these places to spend their valuable time. As I have introducedvariety of new things that are not present in other cafe shop (Bijker and et. al., 2012). I haveintroduced wide ranges of books and novels from different writer and popular authors which arevery famous all round the world. I have created a separate portion for reading books wherepeople can enjoy their coffee and spend their time with their favourite authors. They can alsoenjoy different flavours of cake and pastries with wide variety of shakes. I have introduceddifferent ranges and varieties of cakes, pastries, doughnuts, rolls, hot dogs, pizza, pasta,macaronies, wafers, chips, coffee, shakes, drinks, etc. I have tried to make a one spot wherepeople can have anything they like.I have majorly focused on the quality of raw materials used while making edible items asthey are the crucial part for satisfying and retaining customers. If the quality is best than1
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