Respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
Complete the following:
• Describe the business opportunity decision processes, as explored through the "Moving from Dreams to Reality and the steps included that you will take." (Abrams, 2012).
• Articulate which decision process you used to devise your product or service in order to create a successful business concept.
• Describe your process compellingly, and work to make it a story that reflects both your personality and your understanding of your market. Answer the following questions in your story:
o Can your product or service be turned into a business?
o Where will the demand for your product or service come from?
Part 2
Deliverable Length: 1,200–1,500 words
Complete the following:
• Review the assigned reading for this phase.
• Watch this video
• Provide 3 examples of businesses that do something similar to what you hope to do, and include a response to each of the following questions:
o What is the business' "why" for its venture?
o What is your "why" for your choice of business?
• Clearly articulate what your business will do, including the following:
o Explain your production–distribution chain.
o Identify your suppliers.
o Describe your ideal location, and explain why it is ideal (this will help to create your mission and vision statement for your business plan).
Sample Solution