Assignment task: Answer the questions based on a hypothetical scenario involving you as a business owner. Your goal is to design a fake business/product/good that addresses a concern you feel strongly about. Answer the following questions:
Q1. what is your proposed business/good/service? How will it function?
Q2. What are your target customers? How will you reach them?
Q3. What problem or opportunity will your business/idea address?
Q4. What is your solution?
Q5. What is your unique value proposition to the customers?
Q6. What sales or communication channels will you use to reach your customers?
Q7. What will be your sources of revenue?
Q8. If applicable, how does your business/idea/good generate a positive impact socially or environmentally?
Q9. What are 3 metrics you will use to measure business performance?
Q10. What is your primary competitive advantage? What makes your business/idea special?
Q11. What will be some of your funding sources?