Question Description
Choose & Design a Business
Now it’s time to think about what form the business entity will take.
Have you thought about which type suits you?
Form a Business Concept
Have you ever heard of solving a problem on a napkin?
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- Watch Chapter 1 videos of Entrepreneurship Fundamentals with Whitney Johnson at Lynda.com
- Now watch Separating ideas from from viable business ideas on Lynda.com and determine if the business idea viable.
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Research Besoming a Business Owner. Now it’s time to familiarize yourself with your local government’s assistance for businesses.
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- Research your state corporation commission (such as: https://www.scc.virginia.gov)
- Research your state’s small business administration (such as http://www.sba.gov)
- Research your state’s other legal resources (such as The Virginia Code)
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Design a Business on a Napkin
1. Grab a group of friends (or do it by yourself);
2. Grab a napkin and a marker;
3. Brainstorm business ideas. Don't know where to start? Try the Back of the Napkin” activity;
4. Outline the details on the napkin or a napkin-size paper (keep it short and simple);
5. Upload an image of the napkin below
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