[SOLVED] The Current Market Condition

DESCRIPTION OF NEW VENTURE ASSIGNMENTIn order to complete the next three assignments, you will need to put together an idea for a new venture/company.This assignment will consist of the following:1. Elevator Pitch – Maximum two sentences that describes your company idea.2. Summary of new venture – Maximum of one paragraph that describes in greater detail your new venture and in particular the problem that you are trying to solve for your customer.3. Who is your target customer? Why do they want to buy your product? Describe who your target customer is and how you are going to reach them.4. How big is the current market? How fast is it growing? How large will the market be in five years?5. Who is your competition? Please describe.6. Status of your venture. Just an idea. Have developed initial product. Have sold initial product.7. How much money will you need. Please put together sources and uses table.Maximum length of this homework assignment is 3 pages.Double spaced utilizing 11 fontIn order to receive 100 on this homework all 7 items need to be completed in sufficient detail.In order to receive 85 on this homework all 7 items need to be completed.