Description of New Venture Paper
In order to complete the next three assignments, you will need to put together an idea for a new venture/company.
This assignment will consist of the following:
- Elevator Pitch – Maximum two sentences that describes your company idea.
- Summary of new venture – Maximum of one paragraph that describes in greater detail your new venture and in particular the problem that you are trying to solve for your customer.
- Who is your target customer? Why do they want to buy your product? Describe who your target customer is and how you are going to reach them.
- How big is the current market? How fast is it growing? How large will the market be in five years?
- Who is your competition? Please describe.Status of your venture. Just an idea.
- Have developed initial product. Have sold initial product.
- How much money will you need. Please put together sources and uses table.
Maximum length of this homework assignment is 3 pages.
Double spaced utilizing 11 font