are starting a new business in which you have decided to sell two products instead of just one. Determine a business you could start and choose two products that you could sell. How much of your own money are you willing to invest in this business to get started? How much will each item cost you to make? How much will you charge for each item?
a. Explain this business (how much of your own money you're willing to spend on the business, what items you're going to sell, costs for each item, sale price for each item, etc.).
a What are we going to sell?
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b What does each item cost to make or purchase?
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c How much will we sell each item for?
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d How much will you invest in your business?
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a. The business I am starting is a handcrafted jewelry store. I am willing to invest $5,000 of my own money to get started. The two products I will sell are beaded bracelets and gemstone necklaces.
b. Each beaded bracelet will cost me $5 to make, and each gemstone necklace will cost me $10 to make.
c. I will sell each beaded bracelet for $15 and each gemstone necklace for $30.
d. I am willing to invest $5,000 of my own money in this business.