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Business Brainstorms

For this assignment, you must create two businesses that we will use in our discussions/projects during the year.

Business One can be your “fantasy” business (not career), something you cannot start at this point in your life.

Business Two must be a business that you could start now with a little financial help.

In Word, you must create a document with the following information about both businesses:

1. 1.The name of my business is:
2. 2.My product or services is:
3. 3.Who needs your product or service?
4. 4.How will you find your customers and how will they find your business?
5. 5.How will you advertise?
6. 6.Which other companies make or sell the same/similar product or service?
7. 7.Why will people buy yours instead?
8. 8.How much will your product or service cost?
9. 9.Where will you start your business?
10. 10.What kind of “stuff” will you need to get your business started?
11. 11.Who will work at your company and what jobs will they have?

Answer the following questions about the teenage business only:

• Where will you get the money to start your business?
• Will you need a loan?