Planning a New Business Venture - Guide to forming a new venture

Planning a New Business
Venture
A guide to forming a new venture.
3/1/2019
LSIB
By Joanna Finnis

Planning a New Business Venture
Contents
INTRODUCTION
1.1 Analysis of different types of business concerns based on
their risks, benefits and limitations.
1.2 Analyse sources of finance for different business concerns
1.3 Legal considerations regarding planning of a business
venture
2.1 Analyse market conditions that impact on setting up a new
business venture
2.2 Analyse gaps in the market for potential products
2.3 Analyse target markets for a business venture.
3.1 Develop the mission, vision, aims and objectives of the
business.
3.2 Interpret external factors to justify need for your business
product.3.3 Specify the business product to meet needs.
3.4 Propose business structures and systems that will deliver
business aims and objectives.
3.5 Produce business planning forecasts based on targets
3.6 Identify business responses if targets not met.
4.1 Pitch for funding for a business proposal
4.2 Present documentation to support your pitch.
CONCLUSION
REFERENCES
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Planning a New Business Venture
INTRODUCTION
Planning is a quite important process which affects the overall
functionality of a business concern. Business ventures normally
get initiated at a quite smaller scale. Many a time’s money or
capital can be invested by more than one individual or groups.
The main aim of people who invest in funds is mainly earning
higher profits. Business ventures in competitive market get
initiated due to demands of the market or the lack of supply.
This report has been framed on Unicorn which is a small scale
business concern located in Manchester, UK. It is basically a
grocery store that deals in organic food products at fair prices.
This report looks at various topics such as different types of
business concerns along with their risks and benefits. Also this
report focuses on various factors that drive market potential
along with skills that help in developing business cases. Lastly
this report mentions details regarding pitching of a business
proposal.
1.1 Analysis of different types of business concerns based
on their risks, benefits and limitations.
Case Scenario: This report has been framed base on a
supermarket chain store of the UK named as Unicorn
groceries. This organisation was basically chosen so as to
evaluate the impact any new development idea or plan has
on small and medium sized business concerns.
Business concerns can be of various types depending on their
size scale and area of operations as well. These business
concerns can further be divided into 5 broad categories:
Type of
business
Risks
Benefits
Limitations
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