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Business Trends

Assignment

Name (s)_______________________

  1. Which trend interests you?
  2. What interests you about this trend? What do you think you want to investigate?
  3. MEET WITH DRS BAURES OR TRAHMS VIA ZOOM. Then email lisa.baures@mnsu.edu and cheryl.trahms@mnsu.edu. In this email, identify which trend you are considering and what times you are available to ZOOM for a "research session" meeting with Ms. Baures or Dr. Trahms.
  4. Read Ten Questions to Ensure a Viable Business Model (Martin Zwilling) and How to Test a Business Idea (Mike Kappel).
  5. ANSWER THE FOLLOWING QUESTIONS, based on 20 Questions You Can Ask to Validate Your Startup Idea (Sujan Patel) in Entrepreneur Magazine, December 29th, 2014:

1. What problem are you solving?

2. How have others attempted to solve this problem before, and why did their solutions succeed or fail?

3. Can you state, in clear language, the key features/benefits of your product or service?

4. Who are your potential competitors?

5. Who would benefit from your product or service?

6. What is the size of the market that will buy your product or service?

7. What will it take to break even or make a profit?

Submit Questions 1-7 to the drop box.

Suggested Topics

Trends to consider include:

Alternative energy

Reduce, reuse, recycle

Health care

Overpopulation

Artificial intelligence

Social/legal change

Food changes

Space travel--flying cars

Global pandemic

For additional information and directions, refer to module three on D2L.

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