1. Your instructor will divide the class into teams and assign each team the task of investigating the start-up of one of the following businesses:

a. Submarine sandwich shop

b. Day care service

c. Bookstore

d. Gasoline service station

e. Other 

2. Each team should research the information necessary to complete the New Business Start-Up Worksheet.
The following agencies or organizations might be of assistance:

a. Small Business Administration

b. Local county/city administration agencies

c. Local chamber of commerce

d. Local small-business development corporation

e. U.S. Department of Commerce

f. Farmer’s Home Administration g. Local realtors 

h. Local business people in the same or a similar business 

i. Banks and S&Ls 3. Each team presents its findings to the class.

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New Business Start-Up Worksheet 1. Product What customer need will we satisfy? How can our product be unique? 2. Customer Who are our customers? What are their profiles? Where do they live/work/play? What are their buying habits? What are their needs? 3. Competition Who/where is the competition? What are their strengths and weaknesses? How might they respond to us? 4. Suppliers Who/where are our suppliers? What are their business practices? What relationships can we expect? 5. Location Where are our customers/competitors/suppliers? What are the location costs? What are the legal limitations to location?