BUS1101 AnokaRamsey E-business In the United States Assignment

Surveys consistently showthat 60% of Americans would like to start their own business, but not nearly asmany act on this desire.
If a person is serious aboutpursuing business creation, one of the first things he or she should do isthink critically about what business to pursue. What is the need? How can thebusiness meet that need and earn a profit?
The next step involves doingsome research about the business services and products and then of puttingthose initial thoughts in writing to form a business plan.
Tasks:
For this assignment, youwill compose a report about a possible business that you want to start. Thinkabout a need (consumers) that you have observed in your local community orregion. What interests or expertise do you have? How can those factors cometogether to create a viable business?
Your report should include:
Thepurpose of the business:
Whatneed exists?
Whatis the product or service you intend to provide through your business?
Theviability of the business:
Whywould this product or service be profitable?
Whatare at least two major obstacles that would get in the way of launchingthis business or its success?
Whatother people, companies, or organizations have been successful with this,or a similar, product or service?
Theneeded resources for the business.
Whatresources and additional information or help with your idea (people,websites, agencies, actual business contacts, trade associations, etc.)do you need to bring together to move your idea forward?
Submission Details:
Submityour analysis in a 4- to 5-page Microsoft Word document, using APA style.
Nameyour document SU_BUS1101_W2_LastName_FirstInitial.doc.
Submityour document to the Submissions Area by the due dateassigned.

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