Students are expected to research the questions via any and all resources (offline and online). Please ensure you provide links to sources in your references/appendix to provide proper attribution. Part 1 Footgolf Australia (12%) See attached detail about Footgolf Australia. Ensure your assumptions are clear for each part of this question. 1. Develop a 12-month growth plan with measurable target(s) that are important for the business. Ensure your 12-month plan has three scenarios: realistic, optimistic and pessimistic. Footgolf Australia is considering hiring a full time employee to achieve the 12 month targets you have set out in (1). Prepare a one-page funding request in the form of a professional memo to Yani Bank that includes the amount of funding along with funding release dates that tie the funding release during the 12 months to reasonable target metrics/milestones. 2. Develop a long term financial plan that is expected to be in place after the initial growth phase of the business. IE what is a sustainable amount of revenue and costs for Footgolf Australia in the long term and can you achieve the lifestyle objective of the entrepreneur? Part 2 Entrepreneur Ecosystem (10%) 1. Describe a typical entrepreneur ecosystem including different components and their roles and what might determine whether they are well-developed. Components include but are not limited to startups, known investors, incubators, accelerators, co-working spaces, meetup groups, hackathon events, venture capitalists, etc. 2. Describe the Sydney entrepreneur ecosystem by identifying each component and providing a list and one-sentence description of players in each component. Within the category of investors or startups there are too many to provide a complete list choose representative players and include details of approximately 10 players. 3. Attend at least one Sydney pitching event. (For example, every Friday at 5pm, Fishburners hosts pitching of their resident startups and attendance is open to the public). Record the date and location of the event you attended and the name of each startup that pitched along with details about the problem they are solving, any non-financial and financial metrics that they report and details about their ask. https://www.meetup.com/en-AU/Fishburners-Meetup/ Part 3 Milestones (8%) 1. Pick 6 different companies that have financial metrics and milestones that were not met that led to their failure from this list of companies that are no longer operating https://www.cbinsights.com/blog/startup-failure-post-mortem/ ). For each company identify the main entrepreneur and their background, the problem they were solving/product they were offering, funding they had received including the source, financial and non-financial metrics and milestones that were explicit and any information about what the entrepreneur blames the failure on. 2. Based on your reading of these failures (and any other readings), provide your insight into the role of milestones in the success and failure of startups. FootGolf Australia FootGolf is a combination of Football (Soccer) and Golf where players kick a football into a hole in as few shots as possible. The sport was invented in the Netherlands in 2009 and is played in a golf course by following the rules of golf. In March 2013, FootGolf Australia Incorporated by an entrepreneur who founded the association to promote the sport of FootGolf in Australia. The sport can be played socially as well as competitively and attracts players ranging from 10 to 60 years of age. The most competitive players are typically football enthusiasts. Social players have no specific typical background as the sport is attractive to play for birthday parties and other social occasions and corporate events. FootGolf came into play at the right time for golf courses. Golf is a game in decline and many golf courses are struggling to maintain members and social players. Additionally, Australia is fifth in…
Looking for solution of this Assignment?
WHY CHOOSE US?
We deliver quality original papers |
Our experts write quality original papers using academic databases.We dont use AI in our work. We refund your money if AI is detected |
Free revisions |
We offer our clients multiple free revisions just to ensure you get what you want. |
Discounted prices |
All our prices are discounted which makes it affordable to you. Use code FIRST15 to get your discount |
100% originality |
We deliver papers that are written from scratch to deliver 100% originality. Our papers are free from plagiarism and NO similarity.We have ZERO TOLERANCE TO USE OF AI |
On-time delivery |
We will deliver your paper on time even on short notice or short deadline, overnight essay or even an urgent essay |