Create Your Own Business Project Assignment 1: Business Proposal (20 pts.)
Please answer the questions below. Every item needs a detailed explanation. This should be in
complete sentences.
1. Name of your business
2. Hours you will be open. List specific days and times.
3. What do you do? (Fix, sell, build, feed, serve, help?)
4. Location of the business. Is it a small, rural community or a large, urban community? Where
in the town will you be located? Actually choose a location. Explain why that location will be
good for your business.
5. Identify the competition businesses that do the same thing) in your business area and
location. Explain how you will beat your competition. (ie offer sales, free food to get them in the
door, coupons etc)
6. How many employees will you need? You must have at least 3. What specific positions will
these employees hold? What will their salary or wage be? (ie how much money do they make
per hour or are they salaried meaning make a certain amount of money a year)
7. Why do you think your business will succeed?