Economics April 29 2013 Design a Business

Today we are going to start looking at the steps you might take if you were to start your own business.  Keep in mind, this will be a cursory look at some of the factors involved in running your own business.  The objective for this class period is to establish two things:
1) What would you like to produce?
2) Where will you produce it?

To answer number one, you need only use your imagination as a resource.  You have an unlimited budget to get your store started.  Just remember that any cost you decide to take on will need to be covered by your revenue and that will affect how you set your prices in a competitive market.

Answering number two will require some research.  We will use an online real estate resource to help you locate and price out locations in the Twin Cities for your business.

When you are ready, click on the following link
http://www.mncar.org

The following video demonstrates how you can use the website...