Entrepreunship

Entrepreunship

This is a group assignment, I need to figure out 4 parts from the business plan grade sheet(Operations Plan, Product or Service Design and Development Plan, Financial Projections, Assessment of Risks)and my group members finish the rest of the business plan, please pay attention to this paper, because after this one, I need to find you again for the correcting the whole paper after everybody finish their work and you need to write a PPT for me, after you finish this one. Thanks so much.

Now I would like to talk to you what you should write for this four part, this is a entrepreneurship class, so our group create a new product, it is a kind of all in one installing in the car, you can call it car device, use your imagination to write this paper, do some research, use the PPT upload for you, write a financial report attached with the excel file. You can use the example from the PPT chapter 8 which is related to our text book, it can give you a better idea, what you should write, and google some research of the finance part, as long as you get the numbers correct is fine, if you use someone else number which is close to this company, please cite it and tell the prof where it comes from.
Our company, Vehicle Safety Industries, is committed to creating innovative technology to improve driving experience and make our roads safer. Our primary objective is to increase vehicle safety and decrease mortality rates related to car accidents. We have been developing a new product that can greatly improve the safety of commuting with automobiles. Our product is called the Personal Safety Agent Device (PSAD). This product is an all in one device that can be installed by one of our licensed technicians in any vehicle. The PSAD includes a large list of features that can greatly improve your driving experience as well as increasing safety on the roads. Any additional questions can be answered through our company website or 24-hour customer service hotline.

The PSAD includes:

– GPS: Most up to date satellite mapping system includes all roads, speed limits, and places of interest
– In Car Voice: Automated in car vehicle communication system
– Entertainment System: Full web browsing, video/Mp3 playback, full phone integration (SMS, calls, email), camera
– Safety Notification System: Notifies driver of unsafe lane changes, vehicles in the blindspot will activate a warning sign, driver will be notified if driving above speed limit
– Alcohol Level Tester: notifies driver if he/she is above legal blood alcohol level to drive
– Emergency Responder: in case of an accident authorities will automatically be notified
– Security: driver identification system will only allow vehicle to start with proper identification
– Vehicle Diagnostics: can effectively monitor vehicle functions, displays any vehicle errors

 
(Operations Plan
Discuss the general approach to operations, business location, facilities
and equipment. Flow of orders for goods and/or services. Technology
utilization
Product (or Service) Design and Development Plan
Discuss the development status and tasks and intellectual property. Be
sure to cite scholarly sources.
Financial Projections
Discuss the sources and uses of funds statement, assumptions sheet, pro
forma income statements, pro forma balance sheets, pro forma cash flow,
ratio analysis. Discuss the financial performance you anticipate for your
venture. If available, include sources of the financial performance in the
industry. Discuss the overall attractiveness of the new venture. Be sure
to cite scholarly sources.
2
1
2
Assessment of Risks
Discuss the challenges and risks associated with the new venture.
Evaluate the weakness of the business, new technologies, and
contingency plans.)

 

 

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