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Topics And Ideas For The Mkt 431 Business Opportunity Paper The Mkt 431 business opportunity paper is an academic marketing assignment that requires students to come up with a prospective business opportunity and execution plan. If you are passionate about home improvement and are interested in starting a home-based business, then you should consider one of the following options for your Mkt 431 business opportunity paper. 1. Bathtub Re-glazing Business Since bathtub refinishing and re-surfacing costs around $300 to $700 compared to the over $1000 cost for a brand new tub, bathtub refinishing is a great choice of business when it comes to home improvement. A successful bathtub refinishing or re-surfacing business can pay around $50 to $100 per hour. To acquire work experience, beginners can accompany professional and experienced veterans, watch online tutorials, or possibly intern with a home improvement career program. 2. Floor Installation Every building or house must have some type of floor, and that is why floor installation deserves some thought and consideration. Most technicians doing floor installations acquire their technical know-how through contractor sponsored or education programs. Although labor intensive, floor replacement jobs are usually very financially rewarding (paying between $40 and $60 per hour). Floor refinishing can also be as equally lucrative. 3. Wallpapering Business Paperhangers (better known as wallpaper hangers) apply ceiling coverings and decorate walls using vinyl and paper. Touch-up painting, patching of wall holes, and the removing of old wallpaper are all required in the application of new wallpaper. Wallpapering requires very little formal training. Most important knowledge is gained through work experience or some sort of apprenticeship. Initial startup cost can be as little as $1000 for advertising and basic wallpapering tools. Since wallpaper businesses are significantly easier to operate with a coworker, it is a great business choice for couples interested in the home improvement field. 4. Interior Designing Interior designers are usually licensed experts with college degrees who decorate various offices, homes, or even entire buildings. They organize aesthetics as well as legal and environmental issues when conceptualizing their plans. Interior designers who do not have as much experience, formal training, education, or professional licensing usually concentrate on smaller, finishing touch type of jobs, such as color schemes, curtains, or furniture. Less experienced interior designers can still establish a prosperous home improvement business, but should have realistic job and salary expectations (as they are simply not as experienced as other interior designers who have degrees, more knowledge, or other certifications). 5. Restoration and Remodeling Business Restoring or remodeling homes and businesses is the last and possibly the best potential item for the mkt 431 business opportunity paper. If you are a skillful, hands on type of person with a background in carpentry (or have a history of making home improvement repairs by yourself) then considering a home restoration or remodeling business might be something to look into. States like California are known to have hourly rates for restoration and remodeling services that can range up to several hundred dollars per hour. Aside from the necessary tools and supplies, start up business cost is fairly minimal. There are many options to consider for your Mkt 431 business opportunity paper. Home improvement is a great field to consider due to its minimal education requirements and start up costs. To learn more about the Mkt 431 business opportunity paper and starting your own successful business see, The Business Success Blueprint Edward Rosenberg is a professional business and marketing expert. He has studied, researched, and implemented dozens of various marketing methods for several businesses over the past 5 years. To find out more about Edward, Click Here
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