Create a document that you will present to raise capital for your idea. Be as convincing as possible because those who invest in start-up businesses have numerous entrepreneurs approaching them. In other words, they have other choices, so your pitch needs to be appealing.
Here are some suggested steps or sub-headings, many of which have been covered in earlier assignments.
First, describe your idea from a product/service standpoint
Next, describe the idea from the business standpoint
How much funding is needed to get this business off the ground
If you get the funding, for what specific activities do you plan to spend it on
Suggest why you believe the start-up business you have suggested will work
Describe the specific market for your product/service – who will buy it and where
Who are the closest competitors? Describe their offerings.
Why is your product/service better than some of these competitors
Create a timeline chart of activities that need to take place for the launch to happen
Discuss how these activities will help the company advance
Discuss the management team and the skill-set that they will have to have
Discuss their wages
