Business 110 Research Paper
Imagine that you are considering starting your own business. Choosing a business in which you have a strong interest is advisable. What kind of products or services would you offer?
In developing your business your objectives must include the following:
• How would your new company be established (sole proprietorship, partnership, corporation, etc.)? Expand upon and describe in detail your choice and why.
Specify the Four P’s of Marketing for your product or service (product, placement/distribution, promotion, and price).
The current state of the business in terms of SWOT analysis (strengths, weaknesses, opportunities, and threats)
• The current state of the overall industry and growth projections
• Who is your competition?
• Primary sources of sales/revenues of current business and dependencies
What talents or skills do you have that you could use to operate the business?
• Define your customer profile.
Advertise your business, for example create and be specific by providing,
Advertisements, Social Media, Website, Flyers, Newsletters, etc. within your research project
What are any new and unexplored market opportunities?
