Review and narrow your list of business ideas to the one you will use for your...

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Review and narrow your list of business ideas to the one youwill use for your pitch in Week 8. Utilizing the discussion onsales forecasting in chapter 10, prepare a 6-month from openingsales forecast for your business. Now extend that to 1 year, 5years, and 10 years. What variables will affect your sales? To whatdegree? How can you attempt to offset or capitalize on thesefactors?
My business idea is:
-Online Record Label:
Different from traditional record labels, this one will be 100%online permitting artists to work all around the globe andproviding them with customized online support via instant messagesand video calls. This label will first help artists build a socialmedia presence so that they can maximize their reach among targetedaudiences, tap into new potential markets, and explore undiscoveredopportunities. Second, all of the infrastructures contained withina traditional record label will be implemented by a management teamin combination with special algorithms designed specifically forsuccess in the music industry. Third, through partnerships with thelargest existing record labels, this business will use all of theirresources and distribution to access every consumer available.

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Review and narrow your list of business ideas to the one youwill use for your pitch in Week 8. Utilizing the discussion onsales forecasting in chapter 10, prepare a 6-month from openingsales forecast for your business. Now extend that to 1 year, 5years, and 10 years. What variables will affect your sales? To whatdegree? How can you attempt to offset or capitalize on thesefactors?My business idea is:-Online Record Label:Different from traditional record labels, this one will be 100%online permitting artists to work all around the globe andproviding them with customized online support via instant messagesand video calls. This label will first help artists build a socialmedia presence so that they can maximize their reach among targetedaudiences, tap into new potential markets, and explore undiscoveredopportunities. Second, all of the infrastructures contained withina traditional record label will be implemented by a management teamin combination with special algorithms designed specifically forsuccess in the music industry. Third, through partnerships with thelargest existing record labels, this business will use all of theirresources and distribution to access every consumer available.