New Venture Assignment

New Venture Assignment

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:

1. Elevator Pitch – Maximum two sentences that describes your company idea.
2. 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.
3. 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.
4. How big is the current market?How fast is it growing?How large will the market be in five years?
5. Who is your competition?Please describe.
6. Status of your venture.Just an idea.Have developed initial product.Have sold initial product.
7. 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

In order to receive 100 on this homework all 7 items need to be completed in sufficient detail.

In order to receive 85 on this homework all 7 items need to be completed.

Solution Preview

Online Retail Business Venture

Elevator Pitch

Despite the convenience of large corporations’ economies of scale, there are always cases in which consumers wish that they had access to the management, where they would offer their opinions about cases of poor services received. LOCo Alabama will seek to offer retail services t the consumers in Alabama, with a focus on the culture, population and needs of the community that other large retail companies are unable to address.

Summary of New Venture

LOCo capitalizes on the ever-increasing demand for services provided by online retail companies. People are increasingly seeking out the convenience presented by online retailers, 

(898 words)