"Although owning a business has many benefits and provided many opportunities, anyone planning to enter the world of entrepreneurship should be aware of its potential drawbacks." (Scarborough, NM and Zimmerer, TW, 2012, p11). Using relevant literature and examples examine the potential drawbacks of entrepreneurship. Please ensure that your assignment follows this structure: A table of contents A list of figures and/ or list of tables where appropriate Introduction -( 5 marks -300 words) Literature Review-& Critical Analysis (35 marks -1400 words) Conclusions- -( 5 marks -300 words) References / Presentation – 5 marks Bibliography Appendices if appropriate TOTAL MARKS FOR TASK ONE- 50 Task 2 – Individual Written Presentation 2000 Words- Develop an effective business plan for launching a new product and obtaining financial and managerial support from potential backers. Prepare ten power point slides to explain the key issues that you would highlight and emphasise in a presentation of your business concepts including the questions that you would expect from potential investors and your considered answers to them. Assessment Criteria, word limit and the breakup of marks Description of the venture – Should discuss the product, service, size of the business, office equipment and personnel. 10 marks- 400 words Organizational Plan – Should include the form of ownership, identification of partners or principal shareholders, authority of principals, management team background, roles and responsibilities of members of organization. 10 marks- 400 words Marketing Plan – Should present the pricing, distribution, promotion, product forecasts and controls. 10 marks- 400 words Operations plan– Should include description of company's operation, flow of orders for goods and / or services/ technology utilization. 10 marks- 400 words Financial Plan – To include the assumptions, pro forma income statement, cash flow projections, pro forma balance sheet, break-even analysis, sources of applications of funds10 marks- 400 words Source: Hisrich, Robert D, Peters , Michael P & Shepherd, Dean A, Entrepreneurship , p.193 TOTAL MARKS FOR TASK TWO- 50 Guidelines for undertaking the proposal / Assessment criteria Task 1 (2000 words)- 50% Your analysis must be grounded in appropriate academic literature and must provide clear evidence of independent critical evaluation. (50%) 2000 words- 50 marks Task 2 (2000 words for individual written presentation) -50% You are required to identify critical issues that would generate interest. For example: Description of the venture – Should discuss the product, service, size of the business, office equipment and personnel. 10 marks- 400 words Organizational Plan – Should include the form of ownership, identification of partners or principal shareholders, authority of principals, management team background, roles and responsibilities of members of organization. 10 marks- 400 words Marketing Plan – Should present the pricing, distribution, promotion, product forecasts and controls. 10 marks- 400 words Operations plan– Should include description of company's operation, flow of orders for goods and / or services/ technology utilization. 10 marks- 400 words Financial Plan – To include the assumptions, pro forma income statement, cash flow projections, pro forma balance sheet, break-even analysis, sources of applications of funds10 marks- 400 words