Q -1- What ideas do you have for a new business? You can use your idea from opportunity journal 1....

Question

Q -1- What ideas do you have for a new business? You can use your idea from opportunity journal 1. NOTE: write one to two paragraphs to explain about this business idea. You at least need to identify the product/service that can be generated from the idea. What is the purpose of this product/service? Q -2- How can you check whether this business idea is an opportunity or not? NOTE: You need to identify what sort of research you need to do? Who you are talking to? You might need to act on your answer above to answer the next question. On a separate page, provide the opportunity checklist for your business. If you transform the opportunity into a business, describe your business model: Q -3- a. What are your primary sources of revenue? b. What are your main costs components? NOTE: write one to two paragraphs to justify your answer above Q -4- In term of entry strategy, identify a small and feasible market test before you launch your business. NOTE: write one to two paragraphs to answer and explain your rationale.

Monika · Accepted Answer

New Business Idea
New Business Idea
9/5/2018
Table of Contents
1) Answer 1
2) Answer 2
3) Answer 3
4) Answer 4
5) References
Answer 1
Business idea
In research domain, the fastest attention gaining field is entrepreneurship. There are several business ideas for start a new business. Here we take handmade business. The best part of handmade business is start with little amount of money. It is too much worthy and successful for those who want to do work from home. And also set up your business location to start business. These  handmade business idea are: Makeover of furniture, greeting card maker, jewelry making, T-shirt designer, candle maker, SPA product or shop maker, glass or abstract painter, knitting, handbag maker, quilter, studio photographer, bead maker, scarp booker, candy bouquet, wood working, ornament maker, eBook author, décor making parties, mason jars And lastly handmade blogger(Cannon,2010).
Purpose of Business idea
 Here we discussed the idea for start the handmade business is jewelry Making. The aim of this business is provide creative handcrafted masterpieces of jewelry at very affordable price. If you have the skill of creativity used as hobby then jewelry making business idea is worthy. The product generated from this business idea is: fashion jewelry or costume jewelry and fine jewelry. Fashion jewelry Used inexpensive material and metals, lower prices, followed trends and everyday customer such as ribbon choker with plated silver pendant. Fine jewelry Are luxury, precious, high price and have wedding or occasional customers such as engagement ring of diamond (winter, 2016). 
Answer 2
As according to infinity Teen designers of jewelry, there is no difficulty to make jewelry. It looks like easy and fun activity once you involved in it. But there is a need to check that jewelry making business idea is an opportunity. After researching we find that jeweler making is good solo business opportunity.

Q -1- What ideas do you have for a new business? You can use your idea from opportunity journal 1. NOTE: write one to two paragraphs to explain about this business idea. You at least need to identify...

Answer To: Q -1- What ideas do you have for a new business? You can use your idea from opportunity journal 1....

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