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MGT602 Assignment no 2 Solution 20th January 2016
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Business Idea Template:

Create a business idea that you think can be effective and fruitful. You are required to look around and come up with a business idea that you think is feasible and profitable. While describing your business idea, following questions/ points must be addressed in a complete but concise manner.

1. Introduce your business idea.
2. What is the need to be addressed by the potential business?
3. How is this need not currently being served?
4. In which market business will be launched?
5. What is the product or service?
6. How will the proposed product or service meet the need of the customer?
7. How will this business add value to society?
8. How will this business be profitable?
9. How have you come across this idea?
10.How does this business match with your interest and personality?

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