The first move in the game of biz

Hello. Starting a business might be a dream for all of you. I will make it a reality, through these simple steps.  I am going to start off light. Starting a business, is not a joke, and it needs thorough planning. Let us use a rubric. In italics, I am going to write sample answers.

Name:                                                                                                                            Date:

What do you want to sell?

Who is your customer?

How does your product benefit the customers?

What would be the cost of the product?

How much will the customers be willing to pay(price), and why?

How much is your profit(price-cost)?

Example:

Name: Alice Rochester                                                                                     Date:7/19/20

What do you want to sell?

Plug 'n' Play house treehouse. 

Who is your customer?

Children under the age of 10, but the parents will buy it.

How does your product benefit the customers?

The children will use this house treehouse, to have the experience of being in a tree at home. When it is raining outside, and children cannot have fun outside, this simulation will give joy. It will give them the experience of climbing on a tree, without the challenges of the outdoors.

What would be the cost of the product?

Wood = $100

Simulations = $100

Bed = $50

Paint + Brushes = $50

Miscellaneous=$100

Total = $400

How much will the customers be willing to pay(price), and why?g it i

$2000. It is more safe than an outdoor treehouse. The maintenance cost is null. Instead of fitting the treehouse, you just plug it in. You can use it an apartment, and don't need a tree.

How much is your profit(price-cost)?

$1100. Margin: 80%(profit/price*100)

After answering these questions, we can start our journey to a "swell" business!