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This is a paper using APA format, and the specific requirements are written below. This course is Small Business Management There are requirements and a sample essay below but can not be copied. Additional/Re-reminder Assignment Information:1. All assignments should be 12 point font using 1.5 spacing.2. When appropriate use sources.This essay will have nine pages.Crowdfunding Assignment: Students will investigate some of the current crowdfunding sites and present three opportunities in which they would be willing to invest their money or pre-purchase a product.Crowdfunding Assignment:Students will investigate some of the current crowdfunding sites and present three opportunities in which they would be willing to invest their money or pre-purchase a product.Students will have to draw from two out of the three different types of crowdfunding sites:A. A crowdfunding site which allows people to investing in a company with equity.B. A crowdfunding site which allows people to lend entrepreneurs money. This can also be described to as peer to business lending. Note, this is not peer to peer lending where one person lends someone money so they can buy a stereo.C. A site which you can pre-purchase a product.Students will prepare a five to nine-page report discussing the following:1.The product/company they selected to invest in or pre-purchase the product. Students should explain why they selected the company and/or product. Students should explain what made the company interesting to them and why they think this product or company will be successful.2.Students should consider the market potential for the product, advantages the product or company has, potential competition and other factors.3.Link to the site.4.Students should conclude the report with a one to two-page reflection where they can discuss what they learned in completing the assignment, how entrepreneurs are using crowdfunding, the types of pitches entrepreneurs are using and so forth. Students should also discuss what they found surprising, interesting and relevant.Tips/Help:Historically, there have always been students who ask the instructor ‘Where do I get this information?’. To avoid this, I am going to offer the following: Pretend this is a job assignment for which you have been given clear instructions and it is up to you to find the information yourself. If I was a student, I would start with Google, I would discuss it with my peers and/or family, I would read the textbook, and I would make sure to read online articles. That is what I would do. You may choose to find this information another way and I will leave it to you to determine the best method to complete the assignment.Students should recognize that there are a variety of crowdfunding sites and the differences between them. You will not be able to complete this project only using one crowdfunding site.Business Plan: Students must submit one business plan at the end of the course. The business plan must consist of:1. A one-page executive summary for the business plan. In the summary you should note – what product or service you will be selling; the name of your business; a brief description of your target customer; a summary of your start-up costs; and your anticipated revenue and profits for the first three years.The plan should include the following (these are additional pages of work):2. A full description of the product or service you are selling including a description of your target market(s) and any secondary markets. You should also include a note(s) why this business will be successful. Your target market should be through and include customer profiles as outlined in the textbook.You should also include in a table a competitor analysis, this should list the major competitors, discuss their strengths and weaknesses. After completing the competitor analysis you should note why you will be successful.3. The price you are charging and why/how you selected this price. What will you make from your products or services? To know your profits you must know your costs.4. Where you will sell your product/service. Why?5. A promotional plan – a description of your promotional activities. Higher grades will be given when you timeline your promotional plan, provide examples and/or samples and provide accurate costing (Internet has most if not all of the costs). This should be very detailed. The plan must prove to the reader that the business will be successful.6. A page outlining all start up costs. Most if not all of this information can be found on the Internet. You should provide sources.7. A pro forma income statement – think revenue minus costs = profit or less of years 1 – 3.Additional/Re-reminder Assignment Information:1. All assignments should be 12 point font using 1.5 spacing.2. When appropriate use sources.
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