Entrepreneurship is an important component in our economy. New start-ups create new jobs, ideas, products and services. Answer the following…. Entrepreneurship is an important component in our economy.New start-ups create new jobs, ideas, products and services.Answer the following questions:1.ÿÿÿIf you were to start a new business, what would it be?2.ÿÿÿWhy did you select this?ÿWhat attributes do you have that would contribute to the business’ success?3.ÿÿÿWho are your main competitors?4.ÿÿÿWhat would make your business different? (hint: offering a lower price and better service may not lead to success – this may lead to financial loss and ultimate failure).5.ÿÿÿWhere would you locate?ÿWhy did you choose this location?ÿHow will it benefit the business?6.ÿÿÿWho is your target market?ÿWhy did you select this market?7.ÿÿÿDo you have all of the skills/experience needed to start-up a successful business?ÿIf not, who else would you need to hire?8.ÿÿÿDevelop a brief statement that highlights the reasons why your business will be a success.
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