Unit 8 Discussion: Challenges and Solutions to Your New Business Launch
Purpose
Throughout this course, you created a business plan for your own new venture. In each unit, you addressed various aspects of your new entrepreneurial venture. You perfected your plan through the assistance and input of your classmates.
This units session is designed to wrap up concerns with the creation and launch of your business venture. In this unit, you will discuss potential issues with launching your new venture. The faculty member will act as resource and facilitator to the discussion, but the work in this unit is about you communicating with your classmates and pooling information to prepare your venture for launch.
Participating in this discussion will allow you to demonstrate Critical Thinking, Business Planning, Entrepreneurship, Writing, Interpersonal Communications, Presentation, and Writing.
Task
For this discussion board, you are completing your work with your business plan begun in Unit 2 and presented in Unit 7. For this units discussion, address the following prompts:
- Briefly remind your classmates of your venture.
- Identify the potential challenges of launching your specific venture. Consider PESTEL, Porters five forces, SWOT, and other analyses that were completed previously in this course. Be sure to include present market conditions and data.
- What are some possible solutions? How do these specifically address the challenges?
- What negative results can be strategically countered? How could you integrate these solutions into your business plan?
Submission
In 350500 words, by Saturday at 11:59 p.m. ET, address the prompts above.
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