Assignment: In This Assignment, You Will Start On Proposing

Assignment in This Assignment You Will Start On Proposing Ideas For Sta

Assignment in this assignment you will start on proposing ideas for starting a small business in Toronto. You will need to submit one business idea. Your business idea will be for offering a group of the population or other business a product or a service. Consider that you are submitting the ideas to investors; your idea must have a good chance of success and making profits. Each idea will start with 1)A title that explains the purpose of the business, e.g., “Home Repair services,” or “Ethnic Food Restaurant.”

1) Who is your target market and their wants/needs? In half a page, you need to determine the following items and support them with numbers. If you don’t have numbers, you don’t have a business idea, only an opinion. A company cannot sell products or services to everybody. The new business will have to focus on selling a product or a service (or both) to a specific group of people or companies.

2) In assignment #1, you have learned about the demographics of people and companies. Use reliable websites for the province of Ontario or the City of Toronto to select a more focused group of people or companies.

3) What products and/or services may your company offer to your selected market? This should be covered in one paragraph.

4) Determine the competition for each of your target markets. List only the names of three competitors in Toronto. Having competitors confirms that there is a market for your idea and that target market customers are willing to pay for it. This should be covered in three lines.

Follow APA 7.0 standards in your proposal.