Chat with us, powered by LiveChat

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?

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?