New Venture Creation

3656 Words Feb 19th, 2015 15 Pages
| AIB student ID number: | A001324635 | | | Student name: | Patries Ramkaran | | | Course name: | MBA in Entrepreneurial Management | | | Subject name: | New Venture Creation | | | Subject facilitator: | Priscilla Bahaw | | | Teaching Centre: | School of Higher Education (SHEL) | | | No. of pages: | 27 | | | Word count: | 2491 | | | DECLARATION | I, the above named student, confirm that by submitting, or causing the attached assignment to be submitted, to AIB, I have not plagiarised any other person’s work in this assignment and except where appropriately acknowledged, this assignment is my own work, has been expressed in my own words, and has not previously been submitted for assessment. …show more content…
After 5 years at Saturation Inc. and despite your conscientious efforts in providing valuable market information, market shifts and trends, the management’s resolve to follow a strategic new direction to advance the business has disappointed you. The above situation has prompted you to start seriously thinking about creating a new venture to capitalize on the market opportunities you have identified.

Note: Assume Saturation Inc. is in a business of your own expertise, specialization or passion. That is, select any new venture with which you are familiar or would like to be familiar with!

Prepare core elements of a business plan for creating this new venture that include these points:
• Highlight the entry and positioning of the business, which would differentiate it, and how the new venture would make the most impact.
• Assess the attractiveness of the venture and the risks. • Detail the financing requirements of your venture including both debt and equity, and the source of the funds.
• Detail the size of the business, the prospect for growth and the assumptions you have used.

Executive Summary
While employed at Saturation Inc. I diligently provided valuable market information which were never considered. The situation and my passion to promote Trinidad and Tobago culture, have prompted me create a new venture, which will capitalize on market opportunities identified. This new venture is a