DAY V

  So far it has been an interesting class, I didn't know how doing the research was very important, and most of us overlook. Having an idea for a business does not cut it, even if its a great idea.
   My idea for a business is Real Estate Agency, what open my eyes to this was knowing the customers profile, the trends and even knowing the type of generation of the sellers and buyers. Doing research, studying the market gives a clear picture of the customer.
  For any business calculating your EOU economics of one unit is a must, once you know this information you are able to negotiate price on the stop, whether your dealing with a supplier, whole seller or costumer. Knowing your numbers is very important as a business owner you need to know your profit margins when there is a price change.
  Our project we have calculated our EOU and our total cost is $2.18 on our product, and we are selling it for $5 therefore we making a total profit of $2.82, what is remain to see are the sells!!!!!