Week 1: Business and Idea development

This week we worked on generating ideas and coming up with a business plan. This is the same stage we are at with the current assignment. The assignment for class is to come up with a business idea in groups and sll our products to raise money for our New York trip later this semester. The group who raises the most money will also be receiving a prize of some sort. This will add a competitive edge to the assignment and will hopefully lead to more money being raised for New York.

All in all I learned that early business planning can be difficult. It is always important to evaluate your business model very carefully and to address both micro and macro issues.