Question

Chandra has been working at a dry cleaner for about a year. She notices that much of the store’s revenue comes from alterations to women’s clothing and is wondering if there is enough revenue there to develop a business based on that. What should her next step be?

O Enroll in school and get a business degree.
O Start a business since she has some experience already.
O Let her employer know she wants to start a rival business.
O Do research on what a business would cost to start and run.

Answer 1

The next step for Chandra would be to do research on what a business would cost to start and run. This includes conducting market research to assess the demand for alterations to women's clothing and analyzing the potential revenue and profitability. Additionally, she should consider factors such as location, competition, startup costs, equipment, supplies, and marketing. This research will help Chandra make an informed decision about whether starting a business based on alterations to women’s clothing is a viable and profitable option.