You want to start a summer business to earn money. What will you do? You have to

Question

consider how much money you can afford to invest in this business, how much it
will cost you to make each item, and how much you’re going to charge for each
item. Research something that would be reasonable to make and sell with the startup investment you have determined.
a. What is the total amount of money you are willing to invest in this business?
b. What item are you going to make and sell? Why?
c. Describe how your business will work. How much will it cost you to make
each item? How much will you sell each item for?
d. Do you think your business will be profitable? Explain your answer.

Answer 1

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.