Design a business

Choose & Design a Business

Now it’s time to think about what form the business entity will take.

Have you thought about which type suits you?

Form a Business Concept

Have you ever heard of solving a problem on a napkin?

• • • • • • • • • • • • • Watch Chapter 1 videos of Entrepreneurship Fundamentals with Whitney Johnson at Lynda.com
                        • Now watch Separating ideas from from viable business ideas on Lynda.com and determine if the business idea viable.

Research Besoming a Business Owner. Now it’s time to familiarize yourself with your local government’s assistance for businesses.

• • • • • • • • • • • • • Research your state corporation commission (such as: https://www.scc.virginia.gov)
                        • Research your state’s small business administration (such as http://www.sba.gov)
                        • Research your state’s other legal resources (such as The Virginia Code)

Design a Business on a Napkin

1. Grab a group of friends (or do it by yourself);

2. Grab a napkin and a marker;

3. Brainstorm business ideas. Don’t know where to start? Try the Back of the Napkin” activity;

4. Outline the details on the napkin or a napkin-size paper (keep it short and simple);

5. Upload an image of the napkin below