Think of a business that you could ...

Think of a business that you could realistically start, based upon your interests, talents, or a usual problem you might help others clear up Then get started creating a business plan from filling in the blanks below.

original of business:

Names of competitors:

Possible business names (list two):

Description of crops or service:

1 to what extent would the business differ from those of your competitors?

2.Who would be interested in the outcome or service? Be specific (i.e., age clump lifestyle, location of potential customers).

3 in what way might you go about conducting market research?

4 What are three strategies you could use to market the business to potential customers?

5 by what means much would it cost to implement single of these strategies? Be specific. (Example: to what extent much do classified or display ads take away from in the local newspaper? What would it outlay to print 50 fliers?)

6 What are your competitors charging?

7 If your business is a product: What would supplies sumptuousness for making one item? to what extent long would it take?

8 If your business is a service: for what cause long would it take to perform single in kind job?

9. What other costs would you have?

10 by what means much will you charge for your returnss or services? (Consider the going rate for similar businesses, your costs your time, etc.)

Now consider whether this first degree toward entrepreneurship was an enjoyable single If so, you may be well suited to owning a business, since it requires many of the same skills as planning for one

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