Writeshop #1.

1 Brainstorming Business Ideas for a Small Business

Meet with your group and answer the activity below. Please submit this via
canvas quiz. Submission will be done by the coordinators only. Submit both in
word format (.doc),(.docx) and pdf format (.pdf).

Format: Arial, 11, Double spaced, unjustified, letter size sheet

Asynchronous Activity Guide:

Group #:
Group Coordinator:
Members:

I. As a group, brainstorm for three (3) possible business ideas that you
may want to consider for your Business Plan writing. Presented below is
the guidelines and criteria in choosing a viable and profitable business. Fill
in the information needed and answer the questions that follow:

Proposed Business #1 : ( Name of the business)

a) Location: ( tentative only)

b) Legal Business Form: ( Choose 1 from the group)
c) Description: ( Provide a brief description about the business. (e.g. What ar
e
the possible products and services to be offered?) You may include photos if
available. )
d)
Source of Funds: ( Check 1 only)
( ) Bank loan ( ) Personal Money ( ) Borrowed from friends and family
( ) Combination of the above, Please specify: ______________________
e)
Answer the following questions briefly, be precise and kindly answer in no
t
more than 3 sentences per question.
e.1 Why start the business now? Why should I run it?
e.2 Who’s going to buy?”
e.3 How will my business be different than the competitor’s?

NOTE: PLEASE REMOVE ALL RED MARKINGS IN THE FILE BEFORE

SUBMISSION.
PRODUCT INNOVATION GUIDELINES AND CRITERIA FOR GRADING:

1. The proposed business idea should be in a form of a product. Service

business or any other business model are (e.g., franchise, distribution and
retail) not allowed.
2. The proposed business idea should define the size of their potential
market for the product.
3. The proposed business idea must promote sustainability through the 3Ps
(Planet, People and Profit)
4. The proposed business idea should have a strong value proposition than
the other competing players in the industry.
Note: Identifying of existing competitors is strongly encouraged as
proof that there is a market for the product.
5. The proposed business must have a sufficient supply or practice proper
supply chain management to ensure that are available resources offline and
online.
6.The proposed business idea must be conceptualized and produced thru a
prototype. The finished product can then be used as a sample.

RELEVANT CUSTOMER 30%

BENEFIT

MARKET ACCEPTANCE 30%

AND PROFITABILITY

STRONG VALUE 20%

PROPORTION

SCALABILITY 20%

TOTAL 100%