Completing a business capstone project is one important task to be carried out when a student gets to the final year of his or her degree program. This is an opportunity for a student to bring together imperative knowledge gained or learned throughout the duration of the program. Capstone project is also thought of as a comprehensive study of one or more areas of the program being studied, from time to time. It is also a requirement for completing your academic year, when you get to the final year of the degree program. Without writing this project, you won’t get your degree.
It is noteworthy that business capstone projects are premeditated to assist students in thinking perilously on the subject matter given them as well as make them capable when it comes to facing challenges. However, helping students use their theoretical knowledge in the practical world is the foremost intention of capstone project. No wonder it is a Must in all degree courses. Nevertheless, a good number of students are ignorant as regards the content, requirement and structure in the project.
The Preparation Stages Before Writing Business Capstone Project
It is always suggested to entrepreneurs that they should always write a business plan prior to starting their businesses officially. Writing business capstone will make you center on details, fine-tune the approach of operating a successful business and look for items which were not considered right from onset. On the other, there are some key elements you will have to put in place for writing a winning business capstone project.
Business professionals and entrepreneurs suggest that you should take the following steps towards writing a killer business capstone:
- Establish your purpose. Showing lenders, investors and other likely stakeholders how your company intends to make profit is the major rationale behind a business plan. Profit is significant, but it is far from what really matters when you commence a business. This plan is a useful tool that that encourages entrepreneurs to center on what they will do and also clarifies business activities. On this note, entrepreneurs should take time to recognize and articulate the core values and purpose of their business to serve as a compass for your organization when you want to make decision at all levels. You can only discover this compass when you have honest and open conversation with your team. Engaging in a formal assessment procedure is one thing a team may want to do — looking at capability, values, beliefs and habits— to make sure they are functioning from a clear starting point and establish a platform for discussion as working strengths, styles, as well as individual and collective blind spots,
- Build your vision. Having a clear vision of what you mean to achieve is the key to business success. However, you have to establish 3 to 5 techniques that will make you accomplish that vision before you write a business plan. In the business world, it is always good to do 3 things excellently well than to attempt 10 things and all not done well.
- Simplify your business model. A good business plan frequently contains financial projections. Nevertheless, you will be required to work through prospective scenarios before you can establish the facts and figures you need. A first-class financial model should comprise of a lot of the details you would include in your formal business plan — for instance, expenses, cost of acquisition, sales, pricing, hiring and development. Your model should be reviewed and updated as the realities of your business begin to unfold, as far as your business plan is concerned.
- Work out your legal structure and name. The way you structure your business plays a vital role in your business strategy and operations. It is necessary to register your business with the right name prior to working on your business plan. You would not want to put your business name on your websites and official documents, only to discover later that another person is holding the copyright. Hence, make sure you work out your name as well as legal structure.
- Recognize your target market. A business owner must be able to identify the perfect group of people for whom his service or product will solve their problems. You need to be able to answer the question of why you are exclusively put in position to solve the problem. However, it may be that you have the wrong offering or wrong market, if you cannot answer the question. This means that you have a lot to do before you begin to target your prospective clients. Moreover, you can determine if your offering is the most attractive to the type of customer you want, by figuring out the picture of the client and then look inward at your company. Otherwise, you might need to define your target market differently or change what you have to offer.
- Test out your business idea. If you are not certain if there will be market for your idea, there is no need investing time on a formal business plan. To determine the viability of their businesses, entrepreneurs should go out and talk to potential clients and industry experts within their target market. Discuss with a number of real possible future customers and request for some honest feedback. What is their thought concerning your business? How large is the market? Who are you actually targeting along with your business? Who is your competition? Will your market buy what you are selling?
You also need to identify your risks and opportunities by carrying out Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis of your company. There is no guarantee that your company will succeed by writing a business plan. However, it gives you a course of direction to reach your goal.
Find out what is nursing capstone and how to properly write it!
Gathering Information
- Prepare a list of all the essays and papers you wrote, courses and examinations you took as well as projects you presented far back to when you start your program.
- Develop the list by writing a short explanation of each paper, essay, test, quiz and examination.
- Be aware of the fact that a capstone project is like a research paper. Look for the research papers you have done already and make them useful.
- Select a topic you are passionate about and approve it from your supervisor or teacher. It must be worded cleverly to contain much of the work you have covered.
- Gather many solid latest references in form of journal, entries, articles, websites, books and other scholarly materials.
- Devote ample time to carry out necessary reading that will cover well-known ground, while a number of of the references will be books you have read before and used as sources.
- Take notes and consider drafting your research capstone project by making use of revised material with a spanking new slant and taking new perspectives on covered ground.
- Put writing of the introduction and conclusion last to offer you the chance of announcing the general idea of your work in a proper way and work out an valuable thesis statement.
Analyze Last Business Trends
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Most Popular Business Research Fields
There are some fundamental questions that your business capstone paper will answer as identified below:
- Who are your clients? In your attempt to describe your clients, give their brief description by their educational achievement, lifestyle, income, occupation and age among others.
- What do they buy at present? Describe what their buying habit looks like in connection with your products and services, such as how much they buy, their preferred suppliers, principal price point and the most popular features.
- What is the reason for their buying? This may be due to their pressing need for the product or service.
- What will make them buy from you? You will be shocked at the comprehensive information available about customer buying motivations, sales figures and the markets, despite the fact that some of these questions might look difficult.
Tips on How to Improve Preparation Stages before Business Capstone Writing
Preparation stages are of great importance to business capstone writing. There are some things you need to put together to make your project succeed including the following:
- Pick a topic of your choice. It is noteworthy that your teachers or project supervisor can pick a topic for you in a number of colleges, but you are allowed to pick a topic for yourself in others.
- This must be the topic you are compassionate about or like most.
- Collect materials and references from articles, journals and books, among other sources.
- Note that you cannot begin to write capstone project immediately you are given your topic, if it is chosen by you. You must get it approved by your teacher or project supervisor. However, if your teacher pick the topic for you, getting it approved is not necessary.
- Spend some time drafting capstone proposal, as soon as the topic is endorsed by the relevant authority. The proposal is only a synopsis of the whole project. It includes introduction, methodology, literature review, hypothesis, theories, etc.
The Role of Preparation Stage
The role of preparation stage in business capstone writing is to get you prepared for the real business. Preparation will make you center all your mind on details, fine-tune the approach to writing appealing business capstone project and discover those items not considered earlier. However, you need to work out certain elements that will enable you write that paper.
Select an interesting, engaging and likable topic if you are given the opportunity to do so because it may be your project supervisor that will choose a topic for you. Make sure you work on the topic you are compassionate about or like most. The topic you choose to write about must be of scientific and practical use, while the outcome of your findings must contribute to the understanding of the topic.
Content of a Business Capstone
Format of Capstone Project
This section of the project is the most difficult for students who are new to writing the project. As you browse more websites, the more inconsistency is the format you get. Here, there is a fundamental format you can use to write a project of this magnitude. You may be told include some sections in your project, based on the prerequisite of your university.
In addition, the format of your project might differ, depending on the paradigm of your research and the problem you are looking at. As a result the indispensable sections of your capstone project are: Introduction, literature review, methodology, outcome and conclusion or discussion.
- Introduction. Although this is a basic aspect of this project, it is yet an imperative part of each project. However, you need to write concerning the research problem explicitly in this section of capstone project. students need to write about their approach, research problem, advantages and consequently share their ideas on the chosen topic.
- Literature review. The literature review section comprises of a short explanation of the past researches and information that had been carried out on the topic. As a result, as you talk about the previous researches on the subject, you must evaluate them and give your analysis on all the earlier findings.
- Methodology. This is the section where you add the description of the whole research. Parts of methodology section are reliability issues, method used for collecting data, sources of data etc. Here is the section where you have to explain the whole information as regards the topic and methods used for the research.
- Outcome. It comprises of the synthesis and description of data gathered in the research work. For this reason, you have to supply answer to all the questions projected in the beginning of the project.
- Conclusion. In any project of this nature, beginning and ending quite necessary. This is why you must frame your conclusion in an interesting manner. Limitations, future recommendations and analysis makes the conclusion part of your project attention grabbing.
Tips for Making Review and Paper Proofreading
Writing the paper is only a small part of the whole project. You still need to go through editing process. And here are some tips you should keep in mind:
- Keep some distance from the text: Just keep the text aside for some time because it is not easy to edit or proofread a text you have just completed.
- Choose the medium that will allow you to proofread most carefully: While a number of people prefer working at the computer, others prefer sitting back with a printed copy of the text they want to read. It is left for you to make your choice.
- Change the appearance of your document: Changing the style, color, spacing or even the size of the text may hoax your brain into believing that it is looking at an strange document, which can help you get a different perspective on your text.
- Look for a quiet place: Avoid doing your proofreading in where there is TV or when you are doing some other interesting things that will not allow for utmost concentration.
- Cary out your proofreading in short blocks of time: If you proofread the whole text once, your concentration may begin to diminish
- Prioritize if you have limited time: Ensure you finish the most important editing and proofreading tasks.
Following the instructions and guidelines given to you by your project supervisor or teacher is the key to writing accurate, proper and well informed business capstone project. The truth is that, the writing may look frustrating or daunting at the beginning, but with hard work and ability to obey instructions to the latter, you will come up with an interesting and appealing project.
Master the art of writing a business capsote project with these handy tips!
