Market Research on a sole proprietorship for an Online Jewelry Store called “Knick-Knack Jewelry and Accessories.

The first step is to complete your market research in Week 2 and create a new company that can be a sole proprietorship. This will be a business you can start with minimal capital, and the intent is to own and operate it indefinitely, so selling the company is not a consideration.

For this Market Research assignment, you will be finalizing the selection of your sole proprietorship. Here are the steps required for this assignment.

1. Identify a business type that is of interest to you.
2. Provide a detailed description of the product(s) or service(s) your chosen business offers to the market 
3. Answer the following questions:

• • What benefits to the market does your product or service provide?
  • How is your approach better than the competition?
• 4.) Provide research stating the regulations and requirements necessary to open a sole proprietorship in your area of interest. 
• 5.) Submit your sole proprietorship selection for the final Course Project and the answers to the questions above to your professor in a 2-3 page paper.