Comp25: Week 5 Homework: What's Your Business?

Learning Objectives

1. To decide what fictitious business you will start for the remainder of the Comp25 course
2. To look at your potential competitors

Background

Imagine you are about to begin your own small business, one that will be amazingly successful.  Technology will help you drive the success of your business with automated analysis of your sales and employees, responsible budgeting, quick access to data, and a dynamic website to increase revenue.

Think about what your business will be.  Where are you located?  What will you sell or what service will you provide?  Who is your target market?  Who are your competitors?

You should decide to sell products that you are knowledgeable about and have a passion for.  Above all, have fun with this assignment!

Steps to Take

After thinking and doing some research, answer each of the following questions in a single Assignment turned in via Blackboard (type your answers directly into the Comments section of the Assignment).  Be sure to number your answers to match the questions, and leave a blank space between answers for easier reading.

1. What is the name of your new business?
2. Where will your store or office be located?  Downtown Stockton?  Weberstown Mall?  Lodi?  Seattle?  Paris?
3. Briefly list the products or services will you be selling, at least five.
4. Describe your target market (your customers).  Who are they?  What are they into?
5. Name two employees you'll hire, real or not.
6. Who are your competitors and what are their websites?  Find two real websites that are small businesses somewhere in California with a business similar to yours. 
   • What are their website addresses? 
   • What are two good things about each website?
   • What are two things they should improve about their website?

Grading Guidelines

This assignment will be graded using the following guidelines: