Assignment 2: Successfully
Funding Your Business Venture
Due Week 8 and worth 280
points
For Assignment 1, you imagined
that you were going to start a company that offered an innovative product or
service. In Assignment 1 you also determined the business structure you would
use for that venture. For this assignment, you can use that same idea and
structure or imagine different ones. Use the Internet and the Strayer Online
Library to locate any additional information needed to complete this assignment.
Write a six to eight (6-8)
page paper in which you:
1.
Determine the steps you would need to take to officially establish your
company with the business structure that you feel is most appropriate. For each
of those steps, be sure to include specifics that are relevant to your market
and geographic area.
2.
Examine at least three (3) funding sources that might be appropriate for
your business. Describe what those sources of capital are, and explain the pros
and cons of each.
3.
Select the funding source that you believe to be the best fit for your
business and explain why.
4.
Determine the form(s) of intellectual property that you will have to
protect when starting your business. Develop a plan to protect these
intellectual properties.
5.
Choose one (1) of the following approaches: Assume you decide to revamp
your product or service so that it is completely virtual / online and
concentrates on fulfilling a social need. Propose two (2) ways that you would
need to alter your preferred funding sources and explain why. Determine whether
you would or would not have additional forms of intellectual property to
protect. Support your decision. Or If your initial business product or service
was already completely online and geared toward social entrepreneurship,
determine ways that you might need to revise your funding and protection of
intellectual property had your company not been rooted in social
entrepreneurship and had a physical location.
6.
Imagine that you established your initial idea for a company and have been
successfully operating for five years (5). Describe how your hypothetical need
for capital changed over the years. Determine which sources of funding would be
the most appropriate if you wanted to raise capital to expand your hypothetical
business. Examine how, if at all, those funding sources might have differed
from those needed in early stage funding.
7.
Use at least three (3) quality academic resources in this assignment. Note:
Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow
these formatting requirements:
·
Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA or
school-specific format. Check with your professor for any additional instructions.
·
Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover page and
the reference page are not included in the required assignment page length.
The specific course learning
outcomes associated with this assignment are:
·
Examine the process of developing a business plan and setting up the
company.
·
Analyze money sources for finding and managing funds.
·
Compare the different forms of intellectual property and how they differ.
·
Use technology and information resources to research issues in
entrepreneurship.
·
Write clearly and concisely about entrepreneurship using proper writing
mechanics.
Grading for this assignment
will be based on answer quality, logic / organization of the paper, and
language and writing skills, using the following rubric foundhere.
