Recently in our class we've been working on devising an idea for a business and presenting it as a proposal. Mine is a community-based writing website, where writers can review and help one another with their work. The key incentive to set it apart from its many competitors is that the highest rated stories will be published in my company's ezine and annual, on a quarterly and yearly basis respectively.
The site is designed to grow organically - therefore the ezine and annual aspect will not be implemented until a sizeable userbase is reached. This will help foster an honest community too - rather than one where people fish for ratings for their work.
As a business, it will be dependent on investors. However, its community-based format allows it to develop as a brand, and become integral to lifestyles and perspectives in the writing community. From such a brand, a variety of avenues can become available for further investment.
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