Question: Please write a response in which you briefly describe the following (please include headings and number items as you see below): 1. COMPANY NAME: The

Please write a response in which you briefly

Please write a response in which you briefly describe the following (please include headings and number items as you see below): 1. COMPANY NAME: The company name 2. PRODUCT OR SERVICE: The product or service your company will provide 3. DESIRABILITY: Why you think this product/service would be desirable 4. MARKET OPENING: Describe/explain the market opening you think exists by addressing the following (NOTE: it's ok if some of this changes as you continue your research): o the specific location(s) some basic info about the specific target market in the location(s) (i.e. demographic info) some basic info about the potential competition 5. PERSONAL INTEREST: Describe/explain why you would want to create this company Some parameters to keep things realistic: Assume you will have about $50,000 in start up capital to get the company off the ground-the purpose of the Business Prospectus Assignment is to persuade investors to provide more capital for your business. Think carefully about the scale and the potential ask. You couldn't get a computer manufacturing business to compete with the likes of Dell and Apple going for $100k; and, you can't expect investors to fund a company with essentially no capital: i.e., if you have $50k and you ask for $1,000,000 you have essentially no capital (there might be exceptions to this, especially in the tech industry, but those exceptions are rare and it's not realistic to expect something like that). If you don't know much about small business investing/investors do a little preliminary research (you could even call watching a couple of episodes of Shark Tank "research" for this). Hopefully this bit of restriction adds to your interest in the assignment as opposed to reducing it! And one more thing, please don't go the "...seeking a bank loan" route--that essentially sidesteps the assignment, since much of what you'll be asked to include in the prospectus would be irrelevant to this audience. Some possible examples: A writing consulting company . A food truck A neighborhood coffee shop A photography service A training consultant A graphic design consultant

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