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For this assignment, you will compose a report about a possible business that you want to start. Think about a need (consumers) that you have observed in your local community or region.

For this assignment, you will compose a report about a possible business that you want to start. Think about a need (consumers) that you have observed in your local community or region. What interests or expertise do you have? How can those factors come together to create a viable business?

Your report should include:

  • The purpose of the business:
  • What need exists?
  • What is the product or service you intend to provide through your business?
  • The viability of the business:
  • Why would this product or service be profitable?
  • What are at least two major obstacles that would get in the way of launching this business or its success?
  • What other people, companies, or organizations have been successful with this, or a similar, product or service?
  • The needed resources for the business.
  • What resources and additional information or help with your idea (people, websites, agencies, actual business contacts, trade associations, etc.) do you need to bring together to move your idea forward?

Submission Details:

  • Submit your analysis in a 4- to 5-page Microsoft Word document, using APA style.
  • Name your document SU_BUS1101_W2_LastName_FirstInitial.doc.
  • Submit your document to the Submissions Area by the due date assigned.

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