Submit a concept statement for any type of business, in your choice of concept please know that there are some constraints on businesses that will be acceptable for a class project. First, there are some business concepts that either is not acceptable or do not work very well for a class project. Any business that is illegal, including cannabis businesses, is not acceptable. In addition, consulting businesses or businesses that require little planning are not a good platform for class projects. The book outlines four different types of business: Survival, Lifestyle, Managed Growth, and Aggressive Growth. We much prefer businesses focused on managed or aggressive growth. Survival businesses that have little economic potential are not acceptable. We prefer to avoid lifestyle businesses or small businesses that don’t have the potential for growth or scaling. In the process of concept selection, we are hoping you think big about your opportunities and use this project to its greatest potential. You should think about these issues in choosing your individual business concept.
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