Individual Academic Reflection

Imagine you are hired by a new start-up company. You are tasked to recognize and explore a new business opportunity of creating a new product or service for your company. As part of your new business vision, you will create a business plan describing all keys elements of the business opportunity which will ultimately be presented to an executive team in a venture capital group for possible funding and execution.

Beginning a new business venture sounds like a easy task. All you need is a great idea, opportunity to select your team so you can begin to make some moves and find a few investors to invest in to this dream you have. Before you know it you are making a profit and moving onto a new location. Sounds easy but there is much more that goes into starting a new business than most people may know. To accomplish this, the business has to satisfy several objectives that exclusively add to the business. This paper will narrate some of the particulars of previous works from week two, three, and four with information such as the business and

When the word reflection is mentioned, the first thought is a mirror-like image of yourself. This is to define your own perception of the acceptable and poor quality within yourself. Taking action of the weaknesses and developing my skills to improve me around everyone, (Stadter, 2015).

After gaining enough knowledge on the types of business structure, business owners can proceed to the process so that their plans of owning a business will turn into reality. After reading several resources, the process will be divided into five stages. The first stage is the planning and research. This involves developing viable business ideas, knowing the target customers and possible competitors, searching for the right location, thinking what will be the business name, and marketing strategy. In this stage, a business plan should be made. Business Link (2016) refers, “business plan as a document that defines why you’re in business, your goals, and how to achieve those goals and it also covers all major aspects of the business, including

The most important experience that has positively impacted my academic performance is being in AVID for the past 5 years. AVID is an acronym that stands for advancement via individual determination, a college preparatory class that helps prepare you for college, get organized, and set goals. I have been enrolled in AVID since 8th grade learning how to become a better student, improving study skills and the way I communicate with the students and teachers around me.

The basic definition of psychology is the study of human minds and there function, with respect to the affects the human mind has on behavior. The field of psychology is one of the most diverse fields that continue to expand and branch out into a plethora of distinguishing subfields; some subfields include retail marketing, legal work, social work and education (Sternberg, 2007). When deciding what career path to select one has to consider the level of education and scholarship they are willing to pursue. Pursuing and completing an undergraduate degree will earn an individual the title of a reflective scholar. A reflective scholar is a graduate that has completed a Bachelors or Bachelorette degree. Next, is the practitioner-scholar, which, is an individual that has graduated with a Masters degree. Following the practitioner-scholar is the scholar-practitioner, who is a graduate that has complete a program at a Doctoral level (McClintock, 2003). Each level of scholarship entails a pristine level of knowledge about the practices, strategies and techniques needed to establish quality and efficient

Imagine you are hired by a new start-up company. You are tasked to recognize and explore a new business opportunity of creating a new product or service for your company. As part of your new business vision, you will create a business plan describing all keys elements of the business opportunity which will ultimately be presented to an executive team in a venture capital group for possible funding and execution.

When the word reflection is mentioned, the first thought is a mirror like image of yourself. This is to define your own perception of the good and bad quality within yourself. Taking action of the weaknesses and developing my skills to improve myself around everyone, (Stadter, 2015).

Barringer, B. R. (2009). Preparing Effective Business Plans: An Entrepreneurial Approach. Harlow: Pearson Education Limited.

The first step to starting a business is to create a business plan. A business plan is a document that outlines the overall strategies of a new venture and how those strategies will be implemented (Ebert &

My educational experience is one amazing thing I would never forget. My parents gave me an experience of a lifetime that I would never let go and continue to expand. It was a gift of a great education I could have tossed away but instead I took advantage of it and it expanded my intellect and made me more independent. As a young girl my parents always told me, they wanted a great educational experience for me. They said no matter what it took to get me into good schools, to have a great education they will do it. My parents worked very hard to give me the opportunity to be in private school my whole life since pre-school. They always told me to work hard, be bright and be bold. The educational level I had being in private school my whole life was amazing. What was amazing about my education level is that I was able to take all college prep. classes, I took an AP Spanish class, my teachers were always on top of us to hand in work in time, essays in my English class were based on a college level writing. It was amazing because my school expanded my mind more on a college based level.

To emphasize the need to have a well-developed business plan if one expects to move beyond the “embryonic stage” of a new business

A business plan is a road map for a team or business and it can be used, as an eternal tool for potential customers and partners. The business plan should describe in details the entire business venture, technology behind it, the size of the target market, customers, competition, business model, team, financial needs and exit strategy. The business plan gives a company insight and allows them to think things through early enough in the process to ensure they have a well defined venture goals and objectives. It also gives the business direction to a clear path for the team to follow and implement on their venture.

Starting a new business is an exciting venture and has its unique mix of challenges and rewards. Many are set-up for failure if no clear goals or measures are established and adhered. According to the Small Business Administration, “Planning is critical to successfully starting and building a business.” The best advice for a new entrepreneur interested in starting a business is to create a solid business plan that outlines the business in its entirety. A well-constructed, written business plan will help owners remain focused on their operations, marketing and financial measures through the duration of the business life. In addition, knowing the risks involved in starting a business can help prevent and minimize mistakes that cause many

Furthermore, the basic start of a business begins with a business plan. “A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume”