The And Third Steps Of The Business Cycle Essay - 2081 Words

iUser Accessories Jack and Sarah are between the second and third steps of the business cycle, they have developed a business idea and are preparing to move their idea into a firm. The name they chose for their new firm is iUser Accessories this is a tentative name that takes advantage of the Internet Domain name, a non-traditional barrier to entry. The have decided not to Advertise until a trademark attorney is consulted. This ethical decision will save them from being sued in the future from theft of intellectual property. Other non-traditional barriers they utilize are first mover advantage and new approach to an industry. The business they are intend to try will place 10 kiosks in malls and other high traffic areas that sell accessories for the iPhones, iPads, and iPods. In addition, they have created a series of short videos that help users make better use of their devices. These videos will be available through their web site or an app they are developing, these online options will charge a one- time fee for access. They are going to use these online resources as a part of their marketing strategy by offering promotions here. The business plan was developed in a business class, then refined, and submitted for a business plan competition. That same business plan won the competition giving them 10,000$ to work with. Winning this completion shows the business plan is complete and that Sarah and Jack have enough passion stick with their plan after the class ended andShow MoreRelatedAcc 201 Final Project Part I Accounting Cycle Report1280 Words   |  6 PagesFinal Project Part I Accounting Cycle Report Saheed Alabi Southern New Hampshire University â€Æ' The purpose of accounting cycle report is to keep the best accounting records up to date. 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