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?
- 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.