HRM 550 Week 6 Assignment

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HRM 550 Week 6 Assignment

Scenario Summary

As outlined in the lecture this week, an incubator is a large firm that nurtures many companies and invests in business ideas. Incubators provide support in many ways and you would like to submit your idea to Rollins Incubator, Inc. in order to benefit from their management and financial support.

Your Assignment

You are an entrepreneur that wants to be funded by Rollins Incubator, Inc. You have an outstanding idea that needs funding and you feel that bringing your idea to an incubator would increase your chances of success.

You have contacted Janet Rodgers, the Vice President of Business Development of Rollins Incubator, Inc., and she told you that you will have 5 minutes with the Michael Rollins, the CEO of Rollins Incubator, Inc.

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Key Players

You Decide

Scenario

Your Role

Key Players

Assignment

Scenario

As outlined in the lecture this week, an incubator is a large firm that nurtures many companies and invests in business ideas. Incubators provide support in many ways and you would like to submit your idea to Rollins Incubator, Inc. in order to benefit from their management and financial support.

The Incubator

Your Role

You are an entrepreneur that wants to be funded by Rollins Incubator, Inc. You have an outstanding idea that needs funding and you feel that bringing your idea to an incubator would increase your chances of success. You have contacted the Janet Rodgers, Vice President of Business Development of Rollins Incubator, Inc., and she told you that you will have 5 minutes with the Michael Rollins, the CEO of Rollins Incubator, Inc.

What is Your Role in this scenario?

Key Players

Janet Rodgers

VP Business Development Rollins Incubator, Inc.

I have secured a 5 minute block for you to pitch your idea to Mr. Rollins, the CEO. I have seen many of these presentations, so here are some tips to help you out. Keep your presentation short and sweet. You only have a few minutes to impress him, so get to your idea quickly. Here is the format I see that works best. State your company name and motto, with a tagline and a date. Then tell us your objective. In other words, how much money do you need and why you are here? And, what is your business proposition and your target market? Have you considered your competition? And what are the risks? Lastly, be sure to include financial statements with basic revenues and costs, and don’t forget to include how much money you are asking for! You have a lot of work to do, and good luck!

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