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Build your own business and come up with your datas 5:03 .. LTE [1' x BUILDYOUROWNS... I). m Build Your Own Service Business To help

Build your own business and come up with your datas

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5:03 .. LTE [1' x BUILDYOUROWNS... I). m Build Your Own Service Business To help you integrate the management accounting concepts you learned in A00 5307, assume you are going to become an entrepreneur and start your own business. Think about your talents and interests and come up with an idea for a small business venture that provides a unique product or service to local customers. You can select any business venture you want, but if you need help coming up with an idea, here are some examples: -catering -Wedding-planning consulting -Video Production Company -Pool service company -Personal shopping service - Interior design business - Flower shop Rock-climbing guide service -River-rafting company -Web design company Requirement #1: Introduce your company and its mission. Hint: In describing your company and its mission, you should think about the following: 1. Why would someone want to use your services? 2. How would you describe your customers? 3. How much would you charge for your services? 4. How many units of service do you think you could sell for the next year? 5. What would be the vision of your company, given you: concern for offering a a high quality service? Requirement #2: For whichever business venture you select, answer the following questions: - What would the major costs of your business be? Try to classify the costs into the areas of direct materials, direct labor, manufacturing overhead, game costs, and

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