Bazaar Project

Assignment

In groups of 4, students you have to set up a small company or partnership. Once the partnership has been established, members have to create a small business. This business will be selling products or services that are created by the students themselves. Students will be required to finance their own business and aim to make a profit.

Business Plan

This is the first and most crucial step in doing the project. After forming companies, partners have to brainstorm and produce a business plan.

In order to start business, you have to produce a written business plan in the form of a report in week 7 which includes the following:

• A description of the product or service that you are going to offer.
• A mission statement; your objectives.
• A discussion of the organization structure; is it a partnership? You will need to present a profile of the management as well.
• A discussion of how you are going to finance your business.
• You must state your budget providing a projected income statement.
• You must have a marketing plan.

Due date: Week 7

This project will integrate the following Courses

Course	Requirement	Submission Date	Mark
ENGL214 Business Communication Ghassoub	Written Business Plan Final Written Report/ Oral Presentation	Week 7 Week 17	15% 15%
ITEC 270 Financial System & Audit Mark	Business and marketing plan Bazaar financial analysis	Week 7 Week 15	10% 15%
ITEC 203 Database II Jyothi
ITEC 272 E-Commerce I Jumana	A complete Static Website to promote your Bazaar Business	Week 11	25%

Each group should create a web site to advertise their products or their service. This site should be available week ___________________

The actual selling

The Bazaar will be held in week 14. You must be ready by that time to open your business and trade for three days. Selling will take place on 9, 10, and 11th December.

Final Report

In week 17, you must submit a report or give an oral presentation that includes:

• A description of the preparation for your business.
• A description of the three days of selling.
• A discussion of you leadership and management style.
• An analysis of how your company performed in comparison with your mission statement or objectives.
• A discussion of the problems and difficulties that you faced and how you solved them.
• A comparison of your actual income or revenues and your initial budgeted income statement, (projected budget).
• Attach appendixes of all your correspondence.

(You can always refer to your Business Plan to compare theory with actual practice. This will help you draw conclusions and learn lessons)

Having photos of your booth and products is highly recommended.

A summary of the main steps to establish a business during the Bazaar:

1. Form a company; four partners.
2. Produce a business plan.
3. Find/ Produce products, be ready with stock/ Get the service ready.
4. Prepare all equipment that you need.
5. Start your marketing campaign.
6. Set up booth/ tent, etc one day before.
7. Selling.
8. Producing a written report or giving an oral presentation

Meet all courses requirements.

It is worth reminding you that there will be a selection contest at the end of the Bazaar to select the best booth, the best website, the best…, etc. So you might be a winner.