Describe an original business idea and how the specific idea will meet an unmet need.

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The paper should include a screening inventory with supporting rationale to specifically address the following elements:

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• Describe an original business idea and how the specific idea will meet an unmet need.
• Summarize the product or service.
• Explain the Value Proposition and how the need will be met.
• Illustrate the Business Model and identify what criterion supports the model selected.
• Examine the Market Size and Growth. Compute a large enough market potential for the venture to be profitable and examine the potential for growth.
• Identify the Competitive Advantages and predict what will make the venture stand out among competitors within industry.
• Analyze the Management corps and examine the skills needed of an entrepreneur and team to develop venture.
• Assess the Revenue/ Growth Projections and compute how long it will take to become financially viable.
• Determine Financing Requirements, including an assessment of the financing requirements to begin operations.
• Prepare a summary of possible mitigating strategies. Identify specific supporting information that will enable the potential of the business idea to develop into a viable venture and overcome any risks.

The project

• Must be eight to ten double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center.
• Must include a cover page that includes the following:
  • Student’s name
  • Course name and number
  • Title of paper
  • Instructor’s name
  • Date submitted
• Must include an introductory paragraph with a succinct thesis statement.
• Must address the topic of the paper with critical thought.
• Must conclude with a restatement of the thesis and a conclusion paragraph.
• Must use at least five peer-reviewed sources, including a minimum of two from ProQuest Entrepreneurship.