List any ideas that excite you. Draw inspiration from your passions, skills, or unmet needs in the market. Assess demand, identify competitors, and understand the feasibility of your concept.
Create a presentation that introduces your dream business to the world. Incorporate engaging visuals like photos, videos, and graphics to bring your business idea to life.
- Brainstorm:
- List any ideas that excite you. Draw inspiration from your passions, skills, or unmet needs in the market.
- Assess demand, identify competitors, and understand the feasibility of your concept.
- Craft Your Story:
- What unique problem does your business solve, or what need does it address for your target audience?
- Describe your products or services in detail. Highlight their features, benefits, and pricing strategies.
- Will your business operate physically, online, or both? Justify your decision based on your target market, accessibility, and operational needs.
- How will you reach your ideal customers and convince them to choose your brand?
- Choose Your Business Structure:
- Explore different business structures discussed in Chapter 28 (e.g., sole proprietorship, partnership, corporation).
- Consider each form's liability, taxation, financing options, and growth potential.
- Choose the organizational form that best suits your needs based on your business goals,
- Explain your decision by outlining your chosen structure's advantages and potential disadvantages.
Remember:
- Support your claims with credible sources and demonstrate your understanding of the market and industry.
- Enthusiasm and belief in your idea are contagious. Share your passion with your audience!
- Present your plan confidently and engagingly.
- Rehearse your presentation to ensure a professional delivery.
Your submission should be a slideshow with narration or a video of you presenting your slideshow. Your slideshow should contain a minimum of sixteen well-organized slides, incorporate appropriate visuals, and adhere to proper citation guidelines (MLA format) for referenced sources