This guide is for BUSI 338 Week 1 New Venture Project Summary Report, start to submission. A 550-word summary of your venture's concept, profit and loss and planned marketing, with 3 sources and 3 biblical references.
BUSI 338 is Developing Entrepreneurial Opportunities, 3 credit hours, in Liberty University's BS in Business Administration. Canvas and the course guide file print the code as BUSI338; it is the same course.
| Course | BUSI 338 Developing Entrepreneurial Opportunities |
|---|---|
| Module/Week | 1 |
| Points | 40 points |
| Length | 550 words |
| Sources | At least 3 sources and 3 biblical references |
| Faith integration | At least 3 biblical references |
| Format | Current APA |
What BUSI 338 Week 1 New Venture Project Summary Report asks for
You either summarize the enterprise you developed in BUSI 336 or write a preliminary idea. The 550-word discussion covers the enterprise's concept, the profit and loss outlook and the anticipated marketing activities, citing at least 3 sources and 3 biblical references in current APA. It is due in Module/Week 1. Worth 40 points.
Where it fits in BUSI 338
In the published schedule, New Venture Project Summary Report is one of 9 graded written assignments in BUSI 338. It follows Week 1 Discussion Board Forum 1 and comes before Week 2 New Venture Project Phase 1. The same week also has Discussion Board Forum 1, so plan the week's writing together.
How BUSI 338 Week 1 New Venture Project Summary Report is graded
Liberty grades New Venture Project Summary Report with the rubric attached to the assignment in Canvas, worth 40 points in the published guide. That is about 4% of the course's 1,010 points. Open the rubric before you draft and read across each row: the top column describes what full credit looks like, and the gap between columns tells you what costs points.
Course grades in BUSI 338 use Liberty's point scale: an A is 900 to 1010 points of the course total. Missing the length or source minimum usually costs points on several rows at once, which is why the checklist below starts with them.
Timing in the published guide: Each course module/week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final module/week ends at 11:59 p.m. (ET) on Friday. Check the due dates in your Canvas section, which govern.
The BUSI 338 Week 1 method, step by step
Turn the instructions into an outline
Paste the New Venture Project Summary Report instructions and rubric into a document and turn every required element into a heading. In BUSI 338 the rubric is the grading contract, so the outline should mirror it before you write a sentence.
Narrow the topic until it fits the length
Size the topic to the length (550 words). A focused question about one population, policy or problem gives you room to analyze; a broad survey leaves room only to describe.
Collect sources before drafting
Find the sources first: At least 3 sources and 3 biblical references. Use the Jerry Falwell Library databases, filter to peer-reviewed, and keep a table of author, year, design and finding so the paper is built from evidence instead of padded with it later.
Write a thesis that the sections prove
Write one sentence that states what the paper argues. Every section after the introduction should advance that sentence; if a paragraph does not, it belongs in another paper.
Draft section by section, analysis first
Write each section to answer its rubric row, then add the analysis: what the evidence means, where sources disagree, and what follows for practice. Description supports the analysis; it cannot replace it.
Format and check against the rubric
Apply current APA (title page, running format, headings, in-text citations matched to the reference list) and then read the paper once against the rubric, row by row, before you submit.
Write about 150 words per section and place one biblical reference in each of the three main sections, cited in APA with the translation in the reference list.
A structure for BUSI 338 Week 1 New Venture Project Summary Report
Word targets are planning numbers for about 900 words of body text, set by the length in the guide; the rubric decides where to spend more.
| Section | What it must do | Target |
|---|---|---|
| Concept | What the business does and for whom. | ~290 words |
| Profit and loss | Expected revenue, costs and profit. | ~290 words |
| Marketing activities | How you will reach customers. | ~220 words |
| Biblical references | Three, woven into the summary. | ~110 words |
A topic angle that works
Keep the P&L simple but real: first-year revenue from units and price, the main costs and the expected profit or loss. Weave the three biblical references into the sections where they fit (stewardship in the P&L, honesty in marketing).
Model paragraph with notes
An original paragraph written by our desk to show the register that earns full rubric credit. It is study material: learn the moves, then write your own.
In its first year the catering business expects 200 parties at an average of $270, or $54,000 in revenue. Food and staff costs of $30,000 and fixed costs of $28,800 leave a loss of about $4,800, with break-even reached in the second year as bookings grow. Luke 14:28 counsels counting the cost before building, and this forecast is that counting.
- Units and price.
- Costs and result.
- A fitting reference.
Mistakes that cost points on BUSI 338 Week 1
- No numbers in the P&L.
- Fewer than 3 biblical references.
- Far from 550 words.
Checklist before you submit
- Length: 550 words
- Sources: At least 3 sources and 3 biblical references
- Faith integration: At least 3 biblical references
- Title page and reference page in current APA format
- Headings follow the order of the instructions
- Each rubric row read against the section that answers it
Questions students ask
Can I use my BUSI 336 venture in BUSI 338?
Yes. You may summarize the enterprise developed in BUSI 336 or write a preliminary new idea.
How many points is BUSI 338 Week 1 New Venture Project Summary Report worth?
40 points in Liberty's published course guide for BUSI 338, out of a course total of 1,010 points (about 4% of the grade). The rubric attached to the assignment in Canvas shows how those points are divided.
Is BUSI 338 Week 1 the same in every section of BUSI 338?
This guide follows Liberty's published course guide for BUSI 338. Liberty notes that course content can change from term to term, so if your Canvas section shows different instructions, a different week or different points, follow Canvas and your instructor.
Want a tutor to look at your draft?
Send the instructions and what you have so far. A Liberty tutor replies with what to fix first, usually within the hour.