Perhaps you have dreamed about one day owning your own company, or maybe you have already started a business. Proposals are offers to a very specific audience with whom you hope to do business. Think of a product or service that you like or know something about. On the Web or in electronic databases, research the market so that you understand going rates, prices, and costs. Search the Small Business Administration's website for valuable tips on how to launch and manage a business.

Your Task. Choose a product or service you would like to offer to a particular audience, such as an upholstery business, a bakery featuring your favorite pastries or cakes, a photography business, a new Asian or European hair care line, massage therapy, or landscaping services. Discuss products and services as well as target audiences with your instructor. Write an informal letter addressed to a potential investor, Mr. Simon Lipton, 7430 Fondren Road, Houston, TX 77074. Keep the letter short and don't mention financing, as your goal is to first generate interest.