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  1. Answer the following business concept questions based on your review of the course materials:
    • What problem are you trying to solve and how will you solve it?
    • Is someone else already solving this problem?
    • How is your solution better and/or different than your competitors’?
    • Is there a want or need for the product or services?
    • How big is the potential market
    • How much will it cost to start the business?
    • How soon can you start the business?
    • What personal and professional adjustments must you make to start this business?
    • What is (are) your ultimate goals(s) in starting this business?
    • What will happen if you don’t start this business?
  2. Prepare the Business Concept Statement.  You can expect this to be at least 500 words for a simple business and more with additional complexity. Cite at least 5 sources from the course material or other resources to support your concepts. Use APA format for your submission.
  3. Use Word .doc/docx format for submission