Why do you think you can create a successful start-up? What traits will you need to be an entrepreneur?
Need tutoring for an assignment due on 3 Oct at 0900 EST. Only course material is required, no external sources can be used for references.
Title of Paper
Course Number and Section
Student Name
Instructor’s Name
Company Name
Memo
| To: |
Jose Martinez |
| From: |
Anna Yang |
| Date: | Date |
| Re: |
Subject |
Business Summary
[Write a quick overview of the proposed start-up.]
Business Details
[Write responses to the questions asked using concepts from the class learning materials to inform your answers.]
· Why do you think you can create a successful start-up? What traits will you need to be an entrepreneur?
· What kind of leadership style would you use, and why?
· Describe your product and why you think there is a market for it.
· What legal form do you think best suits your start-up and why?
· What kind of financial document should you provide so that I can evaluate the viability of your start-up?
· What are the characteristics of your target market?
· Explain specific types of marketing the business should pursue.
· What other sources of funding might be available for you, whether or not we invest in your start-up?
· How would you organize your management team, and which of these positions would you prioritize in filling?
· What brand name do you propose for your ice cream, and why did you choose it?
Conclusion
[Write a concluding paragraph or two that emphasizes the reasons why Jose should invest in Anna’s venture.]
References
Be sure to use text references in the memo and link to the references in your reference list.
References (to be used as an example)
Bumstead, D. (2009). The essentials: Sandwiches and sleep. Journals of Famous Loafers, 15(5), 565-582. doi:12.2847/CEDG.39.2.51-71 (sample of a library database peer reviewed article)
Christianson, H. (2004). Obesity in the 2000s. Retrieved from httpd://www.Georgette.coop (sample of Internet source article)
Hansel, G., & Gretel, D. (1973). Candied houses and unfriendly occupants. Thousand Oaks, CA: Fairy Tale Publishing. (sample of a book such as the textbook for this class)
Williams and Lumen Learning. ( n.d.a). Introduction to Business, Name of first Chapter used. Adapted by UMUC and available under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Williams and Lumen Learning. ( n.d.b). Introduction to Business, Name of second Chapter used. Adapted by UMUC and available under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Williams and Lumen Learning. ( n.d.c). Introduction to Business, Name of third Chapter used. Adapted by UMUC and available under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
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Case Scenario
Anna Yang is a chemist who works at Moderna. While she enjoys her work there, her true passion is
cooking. Specifically, Anna enjoys recreating her great grandfather’s recipes from Imperial China. She
has gained quite a reputation in the foodie community and decided to start a supper club where people
would pay to come to her home and eat her cooking.
Jose Martinez is an investment banker. He and his partners focus on start-up businesses. Jose has
attended several of Anna’s supper clubs. He has been blown away by Anna’s cooking, but especially her
deserts. Anna makes her own ice cream using a very complicated process. What is especially different
about them is that Anna uses traditional Chinese flavors in her ice cream such as Sichuan Peppercorn
that makes the tongue tingle. Jose thinks there is a national and possibly an international market for
these ice creams.
Jose approaches Anna with the idea of leaving her day job and opening a business that would sell her ice
creams. Anna is thrilled with the idea, but is a bit concerned that she has little business
experience. Jose assures her that with the right plan, he and his partners could raise the funds needed
and guide her through the process. He offers to set up a meeting with his partners.
He sends the following email:
To: Anna Yang
From: Jose Martinez
Re: Ice Cream Start-Up
To get you started, I would like you to prepare a memo that addresses the following issues:
Why do you think you can create a successful start-up? What traits will you need to be an entrepreneur?
What kind of leadership style would you use, and why?
Describe your product and why you think there is a market for it.
What legal form do you think best suits your start-up and why?
What kind of financial document should you provide so that I can evaluate the viability of your start-up?
What are the characteristics of your target market?
Explain specific types of marketing the business should pursue.
What other sources of funding might be available for you, whether or not we invest in your start-up?
How would you organize your management team, and which of these positions would you prioritize in
filling?
What brand name do you propose for your ice cream, and why did you choose it?
Send this to me by next week, at least a day before our meeting. I look forward to our discussion.
You are a good friend of Anna’s. She respects you for your degree in Business and Management and your
good business sense. Anna feels inadequate in the details of business and asks you to draft the
requested memo for her.
How to Set Up the Memo
You will use the attached Project 2 memo template. The memo template should be single-spaced with a
blank line between paragraphs. Write clearly and concisely in 12-point Times New Roman. The final
product will be in a business memo format, no longer than eight pages in length (excluding the cover
page and references page).
Include a title, the course number and section, your name, and the instructor's name on your title page.
Instructions
Draft the requested memo under Anna's name. Draw on the learning resources that are in the classroom
to influence your answers. This is not a research-based project, so do not use any sources other than the
course materials.
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