Problem
How much capital would you need to start a business to provide for your family? Begin by establishing two businesses and determining which one works best for you. Assume you were given $20,000 to start these two businesses.
A. What two businesses would you start?
B. Why did you choose these two types of businesses? This decision often relates to your skills, passions, connections, experience, and other factors like that. Explain your reasoning.
C. Make a list for each business of all the resources that would be required to start the business. Account for all the money, people, and materials you'd need to get this business off the ground.
D. For each business, describe your product and what makes it better than the competition.
E. For each business, describe your ideal customer in as much detail as possible.
F. For each business, describe how you'll market the product. Provide details. Why did you choose these methods?
G. For each business, describe the factors that you think will be most critical to you success.