“TITLE OF YOUR PROJECT” BUSINESS CONCEPT

1. Substitute “TITLE OF YOUR PROJECT” with the name of the business you plan on developing. You
can create a real business here of what you want to accomplish – even if you are not certain this
is what you want to do! If you struggle with a business you would like to pursue you can use a
business that you know about to fill in your Opportunity Canvas.
2. Be as detailed as you wish. The form will expand as you add to it.
3. If you already have a business, describe it here.

Describe the problem you Describe the type of people How are they currently
want to solve. who have this problem. solving the problem?

Describe your proposed How will your solution be Why might your solution not
solution. different? work?

Will people buy into your How will potential How will potential
solution? stakeholders lean about stakeholders implement
your solution? your solution?
 “TITLE OF YOUR PROJECT” BUSINESS CONCEPT
Move your Opportunity Canvas to the next step: define which business structure you plan to use. You
can change your business structure at a later date if you choose to do so. Also, California has an annual
tax of $850.00 payable to the Franchise Tax Board each year after the first year.

Decide which of the following you will choose for your business structure and explain why you believe
this will be the best business structure for you.

Sole Proprietorship

General Partnership

Limited Partnership

“C” Corporation

“S” Corporation

Limited Liability Corporation