Business Plan
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CARDONA_BusAd101._Project_Stage_1_-__Creating_an_Idea.____Winter_2020_Online1.docx
BUSAD 101 – Intro. To Business #1038 - Winter 2020
Project Stage #1: Creating an Idea – 50 points - This is where you start creating your idea for a business you would start. Read and answer each of the items listed here (1 through 6)
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1. Think about what goods or services would improve your life or those of other(s). List examples:
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2. Decide whether you'd like to provide a product or a service.
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3. Identify an opportunity with an existing industry.
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4. State your business idea or build upon an existing business or idea.
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5. Look towards the future. What are industry trend(s)? Is there much growth potential? Why?
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6. Conduct preliminary consumer research. Who would buy this product or service? Explain.
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The following are a couple links for your perusal to assist you in creating an idea.
Links to Help Create Ideas:
https://www.mindtools.com/pages/article/newCT_88.htm
Have fun!
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