Project Stage #1: Creating an Idea 50 points - This is where you start creating your idea for a business you would start. Read and answer each of the items listed here (1 through 6).

1. Think about what goods or services would improve your life or those of other(s). List examples:

2. Decide whether you'd like to provide a product or a service.Note, some businesses can and do both.

3. Create or identify an emerging opportunity in an existing industry or some undeveloped sector of the business world.

4. State your business idea or build upon an existing business or idea. (Hint: Look ahead to Question #5 or the links at the end).

5. For the business idea you chose, look towards the future. What are industry trend(s)? Is there much growth potential? Why?

6. Conduct preliminary consumer research. Who would buy this product or service? Explain.

The following links as are for your perusal to assist you in creating an idea.

Links to Help Create Ideas:

https://www.forbes.com/sites/quora/2013/05/08/what-are-the-best-ways-to-think-of-ideas-for-a-startup/#734d0aeb7b82

https://www.mindtools.com/pages/article/newCT_88.htm