The first step is to complete your market research in Week 2 and create a new company that can be a sole proprietorship. This will be a business you can start with minimal capital, and the intent is to own and operate it indefinitely, so selling the company is not a consideration.
For this Market Research assignment, you will be finalizing the selection of your sole proprietorship. Here are the steps required for this assignment.
Identify a business type that is of interest to you.
Provide a detailed description of the product(s) or service(s) your chosen business offers to the market
Answer the following questions:
What benefits to the market does your product or service provide?
How is your approach better than the competition?
4.) Provide research stating the regulations and requirements necessary to open a sole proprietorship in your area of interest.
5.) Submit your sole proprietorship selection for the final Course Project and the answers to the questions above to your professor in a 2-3 page paper.
Provide a detailed description of the product(s) or service(s) your chosen business offers
to the market.
Description of products:
Earrings
– Hoop Earrings
– Drop Earrings
– Stud Earrings
– Clip Ons
Bracelets
Rings
Flower Hair Clips
Pendants
Necklaces
Headbands
Hair Swag
Bridal Hair Pins
Sunglasses
Gift sets
Gifts under 10.00 Dollars
Bridal Gifts
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