Title: Examine considerations related to starting a business.
Course: Fashion Careers II (19201-22) > Section: Describing Business Operations

Examination should include an evaluation and description of viable business opportunities in the fashion industry, considering factors such as

- the product or service to be offered
- target market(s)
- location
- distribution methods
- staffing needs
- start-up costs
- operational costs
- funding sources.

Process/Skill Questions:

Thinking

- How does market research benefit a new business?
- What are the pros and cons of starting a business?

Communication

- What communication skills are needed to start a business?
- How can business owners communicate their vision to investors?

Leadership

- What leadership qualities are required to start a business?
- Why should a leader delegate some business responsibilities?

Management

- What training and resources are available for starting a business?
- What is the value of setting short-term, mid-range, and long-term goals for the business?