a. The total amount of money I am willing to invest in this business is $500.
b. I am going to make and sell custom-designed t-shirts. I chose this item because it has a high demand, especially during the summer season, and it allows for creativity and personalization.
c. My business will work by creating custom-designed t-shirts using heat transfer vinyl. The cost to make each item will depend on the size and complexity of the design, but on average, it will cost me around $5 per shirt. I will sell each item for $15, which will provide a reasonable profit margin considering the material cost and time invested.
d. Yes, I believe my business will be profitable. With an investment of $500, I can produce approximately 100 t-shirts. If I sell each shirt for $15, I can generate $1500 in revenue. Deducting the cost of materials ($5 per shirt) and considering any additional expenses like packaging and marketing, I believe I can make a decent profit from this venture. Additionally, the high demand for customized t-shirts during the summer season should contribute to the success and profitability of the business.