During Week 5, you will complete an assignment in which you propose the value proposition of a product or service for the business idea that you would like to implement. You will need to define the competitive market and industry for the business idea, and you will need to create a strategy on how you will protect this business in at least two areas. The product idea will need to be tested for feasibility. Last, you will need to define the amount of cash along with a rationale that will be required for this business.
For the first assignment, you will write a research paper that will take you through some of the first steps of the journey to starting a small business.
Select a business idea you would like to implement, and then complete this assignment. Note: You will use the same business and product idea that you used in the discussion topic for Week 4.
Write a 4–6 page paper in which you do the following:
Your assignment must follow these formatting requirements: