What problem are you trying to solve and how will you solve
Question # 00800630
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Updated on: 04/01/2021 11:59 AM Due on: 04/01/2021
- Answer the following business concept questions based on your review of the course materials:
- What problem are you trying to solve and how will you solve it?
- Is someone else already solving this problem?
- How is your solution better and/or different than your competitors’?
- Is there a want or need for the product or services?
- How big is the potential market
- How much will it cost to start the business?
- How soon can you start the business?
- What personal and professional adjustments must you make to start this business?
- What is (are) your ultimate goals(s) in starting this business?
- What will happen if you don’t start this business?
- Prepare the Business Concept Statement. You can expect this to be at least 500 words for a simple business and more with additional complexity. Cite at least 5 sources from the course material or other resources to support your concepts. Use APA format for your submission.
- Use Word .doc/docx format for submission
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Solution: What problem are you trying to solve and how will you solve