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Are You Motivated To Succeed In Business It Is Time To Develop A Mini

Prepare a 15-slide PowerPoint presentation for a business venture you want to launch, utilizing information from required readings and other reliable sources. The presentation should include the following components:

Paper For Above instruction

Start with a strategic plan consisting of five slides that describe what you want to do. Identify your business goal clearly and explain why this opportunity is promising in the current market context. Include an estimate of the timeline required to achieve your objectives, highlighting key milestones. Develop a compelling vision and mission statement that articulate the advantages of your business and your desire to pursue it. Distinguish strategic planning from other managerial actions by explaining how strategic planning informs decision-making and guides resource allocation, emphasizing its importance in successful business development.

Next, allocate three slides to explain why you believe you will be successful. Discuss your past performance, including any relevant business history, previous ventures, or related experiences. Highlight skills, achievements, and lessons learned that position you for success. Include an overview of tools or services accessible to you — such as potential investors, business support services, or local business associations — and explain how these resources will support your venture’s growth.

Follow with three slides outlining what you need to launch your business. Provide an estimate of the necessary capital investment, detailing startup costs such as equipment, inventory, marketing, and operational expenses. Estimate the staffing requirements, creating an organizational chart that specifies roles, responsibilities, and the rationale for selecting each team member based on their fit with your strategic plan. Describe any permits, licenses, or regulatory approvals needed to operate legally within your industry and location.

Dedicate one slide to describing the products and services you plan to offer. Clearly outline your core offerings, emphasizing what differentiates them from competitors, and how they meet customer needs.

Finally, use three slides to identify the management team. Specify whether you are the sole manager or include other owners, officers, board members, or key advisors. Justify these choices by aligning their skills and experience with the strategic needs of your business plan, demonstrating how this team will effectively execute your vision.

Additionally, incorporate at least one outside source to support your presentation, discussing the role of strategic planning in your decision-making process. Reflect on how strategic planning influences your business choices, risk management, and long-term growth prospects.

This comprehensive mini business plan will serve as a strategic roadmap, guiding your entrepreneurial efforts by clarifying objectives, resources, and execution strategies, ultimately increasing your chances of success in the competitive business landscape.

References

  • Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.
  • Kaplan, R. S., & Norton, D. P. (1996). Using the Balanced Scorecard as a Strategic Management System. Harvard Business Review, 74(1), 75–85.
  • Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. New York: Free Press.
  • Alvarez, S. A., & Barney, J. B. (2005). Start-up strategies that lead to success. Long Range Planning, 38(6), 467–485.
  • Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2017). Strategic Management: Competitiveness and Globalization. Cengage Learning.
  • Marshall, C., & Rossman, G. B. (2016). Designing Qualitative Research. Sage Publications.
  • Grant, R. M. (2019). Contemporary Strategy Analysis. Wiley.
  • David, F. R. (2017). Strategic Management: Concepts and Cases. Pearson.
  • Yin, R. K. (2014). Case Study Research: Design and Methods. Sage Publications.
  • Mintzberg, H. (1994). The Rise and Fall of Strategic Planning. Free Press.

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