Create an idea for your own company to conduct local or international business. Your idea should be simplified to the degree that you could possibly implement it someday. However, your idea should also be sufficiently creative to be successful if done properly. Your idea should focus on one product and one currency.

Your idea should be for a small company instead of a large one because even most large companies began as small firms.

The following questions will help you define your idea:

1. What type of business organization will you create? (i.e Sole Proprietorship, Partnership, or Corporation?) Justify your choice. 2. What is the amount of startup capital? How will you use investment and financing decisions? 3. What is the product that you plan to sell? 4. Is there some evidence that consumers would buy this type of product? 5. Where would you like to operate (US or foreign country?) 6. If you decide to operate internationally, what foreign country do you plan to target? 7. How will you sell the product? (i.e., directly to customers, through a distributor, online/by mail? etc.) 8. Do you need to purchase supplies or to hire labor? 9. What are the team size, planning time, and operating time? 10. What expenses you expect your business to incur? From registering the company, to producing the productending by delivering it to the final destination).