Project 1: Finding New Business Opportunities Project One: Finding New Business Opportunities

Project Purpose

In this project, you will select a new business opportunity that you can develop as a startup business for yourself. The purpose of this assignment is to develop the critical thinking and entrepreneurial mindset necessary to create a new business. Along with critical thinking skills, you will develop research, communication and data evaluation skills.

Outcomes You Will Meet by Completing This Project:

• apply the basic steps involved in developing a comprehensive business plan for both starting and operating a business by creating your own business plan
• develop your business vocabulary and knowledge of concepts, trends, and current issues by applying them in all course work
• demonstrate the use of software and Internet sources by researching and planning the start-up and operation of your business

Instructions

Review some of the ways to find ideas in the class material to help you select a business. There are also some ideas in the articles listed below. Select an idea that you personally believe is a business you could start and could participate in developing. In two to three paragraphs write a thumbnail sketch of your idea along with an explanation as to how the idea was selected by you and why it appeals to you personally.

25 Businesses You Can Start for Under $100 https://smallbiztrends.com/2015/04/businesses-you-can-start-for-less-than-100.html

Best Business Ideas to Start While Working Full Time https://www.ryrob.com/best-businesses-start-while-working-full-time-job/

Create a Word document that is double-spaced, 12-point font.  The final product should be 3-4 paragraphs.

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How to Set Up the Paper

APA Format Required and writing is a main focus of this paper and should be executed with the utmost attention to detail. Should you need help in any these areas of APA or writing, please refer to the APA module located in the content area of the course or ask the professor for guidance.

Use the grading rubric and instructions as guides. Be sure to cover all that is asked of you in the assignment and do so in a way that will guide the professor into giving a high grade. Finally, all work that you submit for this project should be your own. Remember your pledge to uphold academic integrity in all work that you prepare and submit.