The final project for this course is the creation of an opportunity analysis plan. The main purpose of this project is to thoroughly evaluate a business idea at the early stages of development, which is often where many of the challenges exist. This assignment will provide you an opportunity to thoroughly analyze a business venture and develop critical thinking patterns to avoid mistakes or pitfalls in business opportunity development.
For this milestone, you will submit a draft opportunity analysis plan. The format should match the requirements for the final opportunity analysis plan. However, only Sections 1, 2, and 3 described below are due for this milestone. Section 4, Business Phasing, is described in more detail on the Final Project Guidelines and Rubric document; it is not required to be turned in as part of this milestone.
Full points will be awarded if this assignment is submitted; zero points will be awarded if the assignment is not submitted. However, feedback will be provided based on the rubric criteria in the Final Project Rubric so that you can incorporate your instructor’s feedback on this milestone into your final submission. Therefore, please be sure to review the feedback from your instructor on this assignment.
Directions
Submit a 4- to 6-page draft opportunity analysis plan. The following rubric criteria must be included in this milestone submission:
Title page: Opportunity Analysis Plan
Report includes the following sections:
Section 1: Description of Idea
Provide general overview of idea
Explain how it solves a problem, meets a need, and so on
Describe the basic business concept (textbook worksheet, Chapter 2)
Discuss and evaluate the competitive advantage
Section 2: Market Analysis
Include the short paper from Milestone One
Section 3: Assessment of the Entrepreneur and the Team
Where are the knowledge gaps and how are they covered?
How is the team structured?
What to Submit
Written components of projects must follow these formatting guidelines when applicable: double spacing, 12-point Times New Roman font, one-inch margins, and discipline-appropriate citations. The number of pages required for this milestone is 4 to 6, not including cover page.
to writer: I included milestone one and my business name and ideas. please use them too.