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.