the big idea behind starting your business

1. Review the following U.S. Small Business Association (SBA) Website resources: 20 Questions Before Starting

• 2. Watch the following YouTube videos:
  • The Secret to Making Money by starting a small business.
  • How to Start a Business with No Money
  • 50 Business Ideas For Entrepreneurs 2016
  • 11 Skills that Millionaires Master
  • Mark Cuban: Best Interview 2015 UNCENSORED
  • Barbara Corcoran: “Shark Tank” | Talks at Google

  3. Watch the following TED talks:

  • Steven Johnson: Where good ideas come from
  • Tim Harford: Trial, error, and the God complex
  • Seth Godin: How to get your ideas to spread
  • Malcolm Gladwell: Choice, happiness, and spaghetti sauce
  • Jeff Smith: Lessons in business … from prison
  • Knut Haanaes: Two reasons companies fail – and how to avoid them.
  • Davis S. Rose: How to pitch to a VC

• 1. 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 competitorsâ€?
     • 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 donâ€t start this business?
  2. Prepare the Business Concept Statement.
  3. 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.
     
  4. Use Word .doc/docx format for submission.

 

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