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4.23 - My Kind of Business

Last updated over 2 years ago
5 questions
1

Have you ever thought about starting your own business?
  • If yes, describe the type of business that you had or have in mind.
  • If no, what have you heard about people that start their own business?

1

Imagine that you have started your own business. What do you think would be the best thing about owning your own business? Explain why you believe that it would be the best thing.

1

Imagine that you have started your own business. What doyou think would be the worst thing about owning your own business? Explain why you believe that it would be the worst thing.

Example:

Product: ipod

Problem: CD walkman are too big to fit in your pocket and require that you have to carry around multiple CD's if you want to listen to different music. This means that either your hands are always full or you have to carry around a bag in order to enjoy your music. Additionally, you have to constantly buy new batteries in order for the device to work which over time can get very costly.

Product Solution : The ipod is a small electrical device that fits into the palm of your hand and plays up to 1000 of your favorite songs.

Product Price: $99.99/ea. (does not include headphones)
1

You have been given unlimited funds to start the business of your dreams. The business can be whatever you want it to be. It can be a product or a service. The only requirement is that the business has to solve a particular problem and the product can not ALREADY exist

1

Write a :30 Second pitch introducing your product or service. Keep in mind the below bullet points
  • The pitch is meant to grab the attention of the audience and create interest in your product.
  • A good pitch is memorable and will give your presentation an energy that will bring your business plan to life!
  • Make sure that you include an Attention-Getter at the beginning, and preview the main features or points of your product or service.