Assignment #3: Business Ideas
Assignment: To research and identify the type of small industry-related business you’d like to start
Background:A new venture begins with an inspiration, a passion, an idea.
Step One:Decide if you will work individually or in a team of two for this semester-long project.
Step Two:Through research and self-reflection decide on two different business that you would like to start if given the opportunity. These businesses should relate to the Tourism & Hospitality Industries. These should be small businesses, not large endeavors like a hotel or chain restaurant. You may want to focus your research on businesses that can succeed in an online and/or technology-based environment.
Step Three:Open a Word Document and provide the answers to the following questions. Make sure to use full sentences, not fragments or one-word answers.
1. Identify the two types of businesses you’d like to start
2. To what sector(s) of the TAH industry do these businesses belong?
3. For each business, explain, in detail, why you’d like to start this type of business
4. Discuss how you would make your businesses different from those that already exist
5. Identify which business is your preferred business
6. Explain why
