New venture launchplan
In this assignment, you will continue your research and planning to design and implement a new product or service. Based on the innovative “big idea” and the vision that you developed in Assignment 1, you will now write a Launch Plan, in which you describe your launch strategy, business model, and financial plan. INSTRUCTIONS Write a Launch Plan Paper of no fewer than 4 pages. In this second assignment, you will complete the middle four sections of your Business Plan: Sections V, VI, VII and VIII in the template. You will follow ONE of the three Options below, depending whether you are planning your new venture as an Intrapreneur, Entrepreneur, or Nonprofit Leader. Make sure you work with the template that matches your chosen Option.
Option B – ENTREPRENEUR NEW BUSINESS LAUNCH STRATEGY
What objectives will you achieve if you get your funding?
What strategies would be used to meet those objectives?
In what time frame would these objectives be met?
JWI 575 – Assignment 2
What legal structure will be used for this business and why? Use the source below to learn about your different business structure options: Research Source: https://www.sba.gov/business-
What licensing or regulations will you need to be aware of to operate your new business?
What are the key activities needed to launch this business?
What are the key resources and distribution channels – i.e., how will your customers access your product/service? REVENUE STREAMS Represents the cash a company generates from each Customer Segment (costs must be subtracted from revenues to create earnings).
For what do customers currently pay? (i.e., what are they buying from your competition?)
How are customers currently paying? (i.e., subscriptions, contracts, cash) o What are your revenue streams? (products, services, subscriptions)
How much does each Revenue Stream contribute to overall revenues? (these will be the numbers that go into your income statement) FINANCIAL STRUCTURE and COSTS
Summary Income Statement: provide a profit and loss statement summary by year and project the profit and loss data out three years. Use one of the ProForma Spreadsheets or the SCORE Projections Template in your Assignment 2 Resources.
https://www.sba.gov/business-
Requirements: n/a
Answer preview
Entrepreneurs should have strong objectives in place, which shows how the business is intended to operate once it receives funding. The main objective for the business after receiving funding is to rollout the contactless delivery services. The proposed start-up company will focus on delivering contactless services to both customers and businesses. The company intends to tap the opportunity of promoting safe and quick deliveries to clients who hire riders from the company (Pavlović, Banjanin, Vukmirović, & Vukmirović, 2020). Other companies without delivery services will benefit from the professionalism and high-end deliveries provided by Fast
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