Assignment task:
You and your fellow business partners (group members) have been tasked with starting a business that is targeting an annual net income of $50,000 in 3 years. Your business will be based in the GTA (Greater Toronto Area). Slide 1: Business Introduction - Title: Introducing [Business Name] from [Group Members] - Brief Overview: Introduction to the business and its objectives. Slide 2: Target Market Identification - Title: Identifying Our Audience - Brief Overview: Description of the target market. - Key Points: Demographics, psychographics, and behavior. Slide 3: Marketing Ideas Brief Overview: Examination of promotional tactics to reach the target market. Key Points: Advertising, sales promotions, public relations, and branding. Slide 4: SWOT Analysis - Title: Assessing Strengths, Weaknesses, Opportunities, Threats to the business - Brief Overview: Evaluation of internal strengths, weaknesses, opportunities, and threats. - Key Points: Strengths, Weaknesses, Opportunities, and Threats. Slide 5: Financial Projection - Title: Financial Roadmap to Success - Brief Overview: Financial projection to achieve $50,000 net income in 3 years. - Key Points: Revenue streams, expenses, and growth strategies.