1.) Brainstorm the goods or services your business will provide. This can be any legal business idea allowed in your state. For example, providing hair care, real estate, or personal training service. What good or service will your business provide?

2.) Why did you choose this good or service to provide to consumers?

3.) What is the name of your business?

4.) Who is your target consumer?

5.) What business organization type (sole proprietorship, partnership, or corporation) will you use to conduct your business?

6.) Six to eight-sentence rationale for why you selected this type of business organization. Make sure your rationale includes the advantages of the business organization, the disadvantages of the business organization, and how they potentially can impact your business. Additionally, explain how the advantage of this business organization outweigh the disadvantages to provide a convincing argument on your selection of business organization type

7.) Compose a two-paragraph rationale on why you did not select the two remaining business organizations. Be sure to explain how the disadvantages of each business organization could negatively affect your business.

8.) Imagine this is the first month of operating your new business. List of at least 10 resources (natural, labor, and physical and human capital) you will need to operate for the first month of business.

9.) Chart like a picture shown. In your chart list your 10 required resources, identify what type of resources they are, whether they are one-time or monthly expenses, the average cost, month 1expense, month 2 expense. Onetime costs should not be added to your month 2 expenses. See the example to assist you in creating yourchart. In order to determine the average cost, you will have to conduct research. Use the web to determine the average cost and average monthly cost for each of your resources.

Chart to Determine Expenses 1 2 3 5 6 7 8 Month 1 Month 2 Expenses Monthly Average Cost Resource Land, Labor or One Time Cost - Required Cost per Expenses (Do not add one Expense - Yes or (Required Units x Description Physical Capital Yes or No Units Unit Start Up time cost No Cost per Unit) Cost expenses) Rent for building Land No Yes 1 $2,000 $2,000 per month $2,000 $2,000 (Ex) Laptop Computer to Physical Capital Yes No 2 $1,500 $3,000 $ 3,000 One time expense take inventory (ex)