For this Market Research assignment, you will be finalizing the selection of your sole proprietorship for your final Course Project. Before beginning this assignment, please read the Course Project Overview and Chapters 7, 8, 9, 10, and 15 of the Successful Business Plan textbook. Here are the steps required:
Identify a business type that is of interest to you.
Conduct research using the DeVry University Library to understand better the regulations and requirements necessary to open a sole proprietorship in your area of interest.
Provide a detailed description of the product(s) or service(s) your chosen business offers to the market and answer the following questions:
What benefits to the market does your product or service provide?
How is your approach better than the competition?
Submit your business idea for your final Course Project and the answers to the questions above to your professor in a 2 – 3 page paper.