MY BUSINESS IDEA, COUNTRY I WOULD LIKE TO DO BUSINESS IN

BUS - 100 INTERNATIONAL ASSIGNMENT

“MY BUSINESS IDEA, COUNTRY I WOULD LIKE TO DO BUSINESS IN... ”

NAME :

DUE DATE : WEDNESDAY, SEPTEMBER 16, 2018

Write a paper (2 Pages Maximum) that explains a product/service you are passionate about and would like to pursue as an international Business venture in the future, in a country of your choice. The paper should include:

a) A description of your concept.

b) Who are the customers for your venture.

c) Why you are suggesting this venture.

d) What is unique, and distinct about your proposed business idea.

e) Key areas of expertise you love to get better at.

f) Description of the country you would like to do business in.

Attached information would be of value for you to get started. Please use them as you see fit. There is no wrong way or right way to write this paper. I’m looking for quality vs. quantity in this paper.

I very much look forward to reviewing your great entrepreneurial business idea.

Best regards,

Babu Subbaraman

TIPS FOR CHOOSING A BUSINESS IDEA

What do you love to do and what are you good at doing?. What needs do you see day after day that are going unmet, or are being met by a company that does a lousy job, or does it too slowly, or too expensively?. Within these questions you will find the market/product business(es) that will carry the highest chance of success for you as an entrepreneur.

Idea Café is a website for developing your business ideas :

http://www.businessownersideacafe.com/

http://fortune.com/worlds-most-admired-companies/list/

GENERAL LEARNING (

· GO TO : http://www.bplans.com/

Browse Free Sample Business Plans : http://www.bplans.com/sample_business_plans/all_plans.cfm

1. Read local newspaper, Journals, Internet searches…. To understand emerging needs in the market place.

2. Talk to friends, relatives, and other small business owners about ideas or needs the market is not meeting.

3. Think about what services you personally wish were available.

4. Look for opportunities to improve an existing product or service and check whether there is a demand for that improvement.

5. Consider whether the market is not being filled for a certain niche.

6. Eliminate ideas you won’t really enjoy.

7. On the other hand, look for opportunities with high demand, even if it’s not a current interest.

8. Look for a business with low start-up costs or that pays up front if you don’t have much money to start with.

9. Look for a business that will have repeat customers.

10. Avoid seasonal businesses, unless you can afford the time

off during the slow season.

11. Don’t try to compete with discounters or well-established

business on the basis of price alone.

12. Service businesses are the easiest to start, but the

hardest to sell.