Prepare a project charter for the New Business Venture Project. Assume the project will take one year to complete and cost about $100,000. Recall that the main project objectives are to prepare a business plan, get financial backing, handle legal issues, develop marketing materials, find a rental place for the music academy, purchase/develop curriculum, hire […]
An important part of starting any business is preparing financial projections. Although you will prepare a more detailed financial analysis when you create your business plan, you still want to do rough projections at this stage. Prepare a spreadsheet that can be used to determine the profit potential of starting this business. Include inputs for […]
Develop a requirements traceability matrix and a scope statement for the project. Use the templates provided on the companion Web site, and review the samples in the text. Remember that the main project goals are to prepare a business plan, get financial backing, handle legal issues, develop marketing materials, find a rental space for the […]
During recessions and economic hard times, many people—particularly those who have difficulty getting bank loans—turn to pawnshops to raise cash. But even during boom years, pawnshops can be profitable. Because the collateral that customers put up (such as jewelry, guns, or electric guitars) is generally worth at least double what is lent, it generally can […]
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