Self Evaluation
Creating a venture was a challenging process.
It was through brainstorming and discussion with my friends and family that I was able to come up with an idea that is a repurposing of other like ideas that already exist, but that didn’t meet a specific function. While it was challenging, it was quite interesting as a process. I found that I had a difficult time with some of the more business-like aspects (e.g., should I ask for a specific amount of money for a specific share in my venture?).
There is a clear identification of market and the venture itself, and as the CEO, I believe that instilled confidence in the venture. For the venture proposition, I am very pleased with the final product. I feel that it is a very engaging presentation that will attract the attention of my well-to-do friend.
It is clear and highlights the need, which is directly followed by my proposed solution. I believe that it is well concluded with a call to action. In the proposition, I believe there could be more information on the market as a whole with more concrete financial information.
This assignment is truly an example of product-based assessment. In order to truly complete the assignment, we, the learners, have to be familiar and comfortable with the concepts of a new venture. .
It was through brainstorming and discussion with my friends and family that I was able to come up with an idea that is a repurposing of other like ideas that already exist, but that didn’t meet a specific function. While it was challenging, it was quite interesting as a process. I found that I had a difficult time with some of the more business-like aspects (e.g., should I ask for a specific amount of money for a specific share in my venture?).
There is a clear identification of market and the venture itself, and as the CEO, I believe that instilled confidence in the venture. For the venture proposition, I am very pleased with the final product. I feel that it is a very engaging presentation that will attract the attention of my well-to-do friend.
It is clear and highlights the need, which is directly followed by my proposed solution. I believe that it is well concluded with a call to action. In the proposition, I believe there could be more information on the market as a whole with more concrete financial information.
This assignment is truly an example of product-based assessment. In order to truly complete the assignment, we, the learners, have to be familiar and comfortable with the concepts of a new venture. .
Strengths
I think that my concept is pretty strong – providing a stable online training solution to hospitals who are struggling in providing mandatory trainings to their external contractors.
“Selling the idea” to the hospital board would not be that hard – it is very financially sound and directly reflects both the Ministry of Health & Ministry of Labour mandate.
I think I structured this fairly well based on what we were given in ETEC 522 and what I read by a number of “pitch experts” in the business.
“Selling the idea” to the hospital board would not be that hard – it is very financially sound and directly reflects both the Ministry of Health & Ministry of Labour mandate.
I think I structured this fairly well based on what we were given in ETEC 522 and what I read by a number of “pitch experts” in the business.
Weaknesses
My budgeting is probably not as accurate as someone inside the industry or even a business owner would have submitted. I am sure there are costs that I have omitted or simply didn’t include. I tried to make it as realistic as the information I could access. Sometimes getting real information like what I required is difficult – businesses don’t want to give the competition any sort of advantage in terms of competing.