In this class you are going to turn a business idea into a business using the Disciplined Entrepreneurship (DE) process. In this assignment, you will communicate your business idea to your instructor. The instructor will give you feedback and suggestions to improve your idea.
Instructions:
Please complete the following steps:
1. Review these videos to better understand what type of business you should be working on: Module 1 Videos
2. In two paragraphs clearly state what your business idea is and how it is different from all similar businesses out there. As you saw in the videos, the focus of this course is on Innovation Driven Entrepreneurship (IDE). Innovation requires both invention and commercialization. You do not necessarily have to come up with a new product or service. You can offer an existing product or service but come up with some way to offer it differently. For example, you can start a clothing business or an event planning business but you have to come up with an idea to make your business DIFFERENT from so many clothing or event planning business out there. If your business idea does not have the innovation component, I will have to ask you to resubmit your work.
I recommend you work on a for profit idea. If you want to pursue a non-profit you have to complete all the steps twice. Once for your non-profit business and once for fundraising. Our semester is too short for that. So, select a business idea that is for profit.
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