Assignment 1 – Individual Report You are required to come up with an idea for a business which forms the basis of your work for the assignment. Once the idea has been established you are encouraged to develop a business model, this can be a simple roadmap for your business and it is only used for you to be able to carry out the following tasks: Task 1 – Business Idea Development The business idea should be something new and your own development. It can be a totally new radical or an incremental innovation on an existing product/services, (Examples may include: Themed restaurants, Platform offering skilled workers for small tasks, online laundry service, News and information sharing app). The key thing to consider if using existing models is your competitive advantage and why customers would buy yours. Task 2 - Business Plan Once you are happy with the idea and the model you wish to develop/ write a business plan
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