BUS357 Starting and Managing a Business SUSS Assignment Sample Singapore
This SUSS Assignment Sample Singapore touches on an important aspect of starting your own business, which is understanding how to operate it effectively.
The BUS357 course questions about managing human resources in order to get the job done more efficiently, choosing management style based on company culture or situation, determining what type of training should be provided to employees given their positions within the firm so they work at peak performance levels while creating synergies with other departments are all topics that are discussed throughout this course.
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The purpose of this assignment is to provide you with a sample business plan for the SUSS Assignment. It offers an outline of what should be included in your own document. The following are some of the important elements that make up a successful business plan: An executive summary, company overview, marketing strategy and positioning, competitive analysis (SWOT), financial forecast/financing needs.
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Assignment Brief 1: Analyse opportunities for entrepreneurship, including social entrepreneurship, and identify customer pain points.
A social entrepreneur is someone who wants to solve a social need by turning it into a business. They are not doing this for personal gain, but rather for the community and society at large. Entrepreneurship often brings with it great risks when you think about things like capital expenditures or management experience that may be lacking in some entrepreneurs from the get-go. Oftentimes people will use their own money to fund these endeavours without any guarantee of return on investment early on, which can put them at risk financially as well as emotionally if they fail before finding success in what they’re trying to do once all’s said and done!
A customer pain point is where customers have difficulty obtaining information or completing an action online due to unclear design components such as lack of visual hierarchy within a page layout, confusing navigation patterns (especially across different pages), inconsistent language usage between content modules/sections, etc.
This makes users feel unsure about how best to proceed through your site because there’s no clear map towards achieving what they want or need from your company–and if we know anything about marketing nowadays, then we know that frustration leads straight back out the door! Your goal should always be providing awesome experiences so visitors don’t leave during moments after getting frustrated because something was.
Assignment Brief 2: Appraise and validate business ideas and assumptions using ‘lean start-up methods’.
Appraising and validating business ideas and assumptions is one of the critical steps in starting a successful company. Start-ups use lean start-up methods to develop their businesses, as this allows them to quickly assess whether or not an idea is viable, and then make necessary changes to it so that it becomes a success.
It is important to assess a business idea and assumptions early on in its development before any form of investment or support can be offered. By doing this, it will be possible for the business to identify potential problems and weaknesses that could negatively impact its future – something that would not have been possible if the idea was undervalued or had no foundation at all.
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Assignment Brief 3: Construct business models and business plans for new start-ups and traditional business, including regulatory frameworks.
A business model is a plan that explains how a company will make money. A business plan is a detailed outline of how a company will do things, including what products and services it will sell, where it will set up its factories, who its customers are, and when it plans to start making money.
In order to create a successful business, it is important to have a good business model and planned operations. A good business model consists of the following:
(1) set up an efficient structure that supports your goals;
(2) put in place processes and procedures that ensure accuracy and consistency;
(3) make use of resources efficiently so you can grow quickly; and
(4) constantly assess your progress against targets set by management.
In addition, when planning for traditional businesses, it is also important to have a well-planned plan for growth, including expanding into new markets or industries as well as changing our strategy when necessary based on changes in technology or consumer behaviour.
Assignment Brief 4: Apply the essential knowledge and interpersonal skills to work effectively in a team.
In order to be successful in teamwork, you will need to know the essential interpersonal skills. These are those that allow you to easily interact with others and keep a positive attitude while working together. Additionally, it is important to have strong communication abilities so that everyone can understand what is going on.
As a team, we all need to be able to communicate clearly, work as part of a team, and contribute our unique skills. We also need to have basic interpersonal skills so that we can get along with other members of our team and resolve problems quickly.
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Assignment brief 5: Demonstrate proficiency in writing a business plan.
A business plan is a comprehensive guide that details the steps necessary for starting, running and eventual winding down a company. It can be used as an important tool to assess whether starting or expanding your business is the right option for you, as well as provide guidance on how to make financial decisions that will help your startup succeed. A good business plan contains: -An overview of your company’s history
- Details on where you are currently sitting in terms of revenue and expenses
- An analysis of what could boost or tarnish your future growth
- Detailed information about key competitive advantages and disadvantages
- Sections outlining key strategy questions specific to the industry in which you operate.
Business plans are important because they help businesses plan for the future and make decisions about how to spend their money. A good business plan will also show you how your company can compete in different markets and what steps you need to take to increase your sales or improve your financial stability.
Assignment Brief 6: Practise making oral presentations in class or recorded video in areas related to starting and managing a business, including pitching to investors.
The ability to make oral presentations in class or recorded videos in areas related to starting and managing a business is an important skill for individuals who want to pursue a career in this field. Additionally, it can be beneficial for students who are interested in pursuing a career as a salesperson, banker, accountant, or other similar positions.
When starting or managing a business, it is essential to have an overview of the different steps involved in starting and running a business. In order to be able to pitch successfully to investors, you need knowledge about how businesses work. This includes understanding how pitches are made and what makes them successful.
You also need information about the various legal aspects associated with start-ups, as well as important financial terms that should be included in your presentation so that potential investors will understand what you’re saying.
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