You can choose one (1) of the two questions below. You can also answer both if you want to. Question #1: You have been given the task of developing a new service business idea for a potential client. Brainstorm and list as many as 5 new service business ideas as you can. There are only a few rules: 1. All ideas are acceptable at this stage. 2. Nothing should be ruled out as silly, impractical, or even antisocial. 3. Improvements in existing services should also be listed. 4. Do not consider cost or practicality. This service must appeal to again "Baby-Boomers" people 50 years or older, who work in professional or high-level corporation careers. They work an average 60-80 hour week and make a minimum of $100,000 per year. They like to look good, be social, and stay healthy. Time is a big issue for them. Helpful Tip: Think of problems these folks may have that could be solved by a service e.g. personal dry cleaning service (can't use this example) Question #2: Imagine you are considering starting your own business or owning a franchise. 1. What kinds of products or services will you offer? 2. What talents or skills do you need to run the business? 3. Do you have all the skills and resources to start the business, or will you need to find one or more partners? If so, what skills would your partners need to have? 4. What form of business ownership would you choose - sole proprietorship, partnership, C corporation, S corporation or LLC? If you chose to own a franchise, which one would you chose? What are some ways that you can stay successful?

3