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NOOR AINI BINTI AHMAD MUZAKIN
012019020364

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NOOR AINI BINTI AHMAD MUZAKIN  012019020364

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012019020464

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TUTORIAL CHAPTER 1

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TUTORIAL 1 - CHAPTER 1 BUSINESS IDEAS AND OPPORTUNITY

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TUTORIAL 1 - CHAPTER 1 BUSINESS IDEAS AND OPPORTUNITY

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Question no 1:
Explain what is an idea?
Question no 2:
Explain meaning of Opportunity
Question no 3:
Identify the Opportunity?
Question no 4:
Describe FOUR (4) essential qualities of an opportunity.
Question no 5:
List down and explain techniques entrepreneurs use to generate ideas.

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Please SCAN QR CODE here.

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Task 19/3/3030:
Student need to create Business Plan as like example given with link.

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How to Write a Perfect Business Plan Presentation in 20 Minutes

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Executive summary: This section outlines the company and includes the mission statement mission statement along with any information about the company's leadership, employees, operations, and location.

Products and services: Here, the company can outline the products and services it will offer, and may also include pricing, product lifespan, and benefits to the consumer. Other factors that may go into this section include production and manufacturing processes, any patents the company may have, as well as proprietary technology. Any information about research and development (R&D) can also be included here.

Market analysis: A firm needs a good handle of the industry as well as its target market. It will outline the competition and how it factors in the industry, along with its strengths and weaknesses.

Marketing strategy: This area describes how the company will attract and keep its customer base and how it intends to reach the consumer. This means a clear distribution channel must be outlined.

Financial planning: In order to attract the party reading the business plan, the company should include any financial planning and/or projections. Financial statements, balance sheets, and other financial information may be included for already-established businesses. New businesses may include targets for the first few years of the business and any potential investors.

Budget: Any good company needs to have a budget in place. This includes costs related to staffing, development, manufacturing, marketing, and any other expenses related to the business

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11 Elements of Sample Business Plan You Must Need to Know

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A business plan is a fundamental tool any startup business needs to have in place prior to beginning its operations. Usually, banks and venture capital firms make a viable business plan a prerequisite to the investment of funds in a business.

Even though it may work, operating without a business plan is not a good idea. In fact, very few companies are able to last without one. There are definitely more benefits to creating and sticking to a business plan including being able to think through ideas without putting too much money into them—and, ultimately, losing in the end.
A good business plan should outline all the costs and the downfalls of each decision a company makes. Business plans, even among competitors in the same industry, are rarely identical. But they all tend to have the same elements, including an executive summary of the business and a detailed description of the business, its services and/or products. It also states how the business intends to achieve its goals.

The plan should include at least an overview of the industry of which the business will be a part, and how it will distinguish itself from its potential competitors

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What is a Business Plan? - Bplans Explains Everything

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What Is a Business Plan?

A business plan is a written document that describes in detail how a business—usually a new one—is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint.
Business plans are important to allow a company to lay out its goals and attract investment. They are also a way for companies to keep themselves on track going forward.

Although they're especially useful for new companies, every company should have a business plan. Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved. Sometimes, a new business plan is prepared for an established business that is moving in a new direction.

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How To Write a Business Plan To Start Your Own Business